Let, amount of milk and water in mixture be 3x litres and 2x litres respectively. According to question, ⇒ (3x + 34): (2x + 34) = 10:7 ⇒ 21x + 340 = 20x + 238 ⇒ 21x – 20x = 340 – 238 ⇒ x = 102 So, initial quantity of mixture = 102 × (2 + 3) = 510 litres
Which of the following four-firm concentration ratios is most consistent with monopolistic competition?
Consider two independent random variables: X~N(5, 4) and Y~N(3, 2). If  (2X + 3Y)~N(μ, σ2), then the values of mean (μ) and variance (Ï...
Offer curve introduced by Alfred Marshall deals with :
Which of the following is correct regarding long run cost
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
In Durbin-Watson test, if the value of d is 4, then what is the characteristic of the autocorrelation
For a monopoly firm the demand curve is Q=20-2P. For the profit maximizing quantity of 8 units, the mark up of the firm is Â
Economists generally believe that making assumptions isÂ
Under a fixed exchange rate system (A)_________ would be an exogenous monetary policy instrument, whereas under a flexible exchange rate system (B) ____...
As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?
