Suppose X has income of Rs.500. He wants to maximise his expected benefit Z1/2 where Z is his money earned. He has two options, 1. Do not inv...
Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity?
Consider KRK’s demand function for cigarettes for as Q= .02m- 2p where m is his income and p is the price. KRK’s income is Rs.7500 and the price o...
As per the Economic survey 2023-24, what percentage of India's economy was accounted for by the services sector in FY24?
Consider an exchange economy with two agents, 1 and 2, and two goods, X and Y. Each agent's consumption set is in +R2. The endowments of agents 1 and 2 ...
Consider the following:
Assertion (A): According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step-by-step manner.
In a time-series forecasting problem, if the seasonal indices for quarters 1, 2, and 3 are 0.80, 0.90, and 0.95 respectively. What can you say...
A country imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that u...
From the following data, find National income.
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In two commodity worlds if one good is inferior then the other must be Download the app×
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