“Province of Jurisprudence Determined” is a book by John Austin. The object of Austin in “The Province of Jurisprudence Determined” was to identify the distinguishing characteristics of positive law and to free them from the confusion with the precepts of religion and morality which had been encouraged by Natural Law theorists and exploited by the opponents of legal reform.
Consider the following Utility function U(x,y) = 9x+11y. The price of x and y are 8 and 10 respectively. The income of the consumer is 120. Calculate th...
For which preferences the income offer curve and the price offer curve are equal?
If positive income effect is less than the substitution effect: the product will be
Of 10 computer chips, 4 are defective. What is the probability of selecting 3 without replacement, only one of which is defective?
If X and Y are independent random variables and Var(X)=Var(Y)=4, then find Var(2X-3Y+1)?
A worker’s wage in 1996 was Rs.180. What should be the wage in 1999 so that the worker remains at the same level of consumption? [Consider 1995 as...
Which theorem intends to show that the change in commodity prices changes the distribution of real incomes between capital and labor?
A subsidy can actually cause the consumption of a subsidized good to fall if
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If the sum of the product of the deviation of X and Y from their means is zero, the correlation coefficient between X and Y is:
