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Using the formula, Area = Length x Breadth & Area = side² = a² Side of a square = a cm Therefore, Area of rectangle = 1/2 x area of square ⇒ 20 x (3/2) x a = 1/2 x a² ⇒ a = (20 x 2 x 3)/(1 x 2) ⇒ a = 60 cm
What is the elasticity of income in the case of Giffen goods?
The Comparative advantage theory was first developed by:
According to the Romer model, if the stock of ideas increases by 15 %, how much will output per worker increase when all else is equal?
...Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the Golden state level of capita...
The Economic Survey 2023-24 highlights a decline in out-of-pocket expenditure on health as a percentage of total health expenditure from 64.2% in FY14 t...
The demand function for a good is X = 5000 – 10Px + 15Py + 0.2Y, where in Px is the price of X, Py is the price of another good and Y is the incom...
For fixed proportion production function, the elasticity of substitution is
If rxy = 0.75, then ryx will be:
For which of the following goods is the demand curve upward sloping ?
Which of the following statement is/are true regarding classical theory of income and employment?
1. Classical economist believe that the econ...