ATQ, Equation 1, 3wx = 40 - wy Case 1) x = 1, y = 2 3w = 40 - w2 w2 + 3w - 40 = 0 At w = - 8 (- 8)3 + 3 × (- 8) - 40 = 0 64 - 24 - 40 = 0 0 = 0 LHS = RHS Other root of Eq. 1 = (- 40)/(- 8) = 5 Greater root = 5 Case 2) x = 2, y = 1 3w2 = 40 - a 3w2 + w - 40 = 0 At w = - 8 3 × (- 8)2 + (- 8) - 40 = 0 3 × 64 - 8 - 40 = 0 192 - 48 = 0 144 ≠ 0 Equation 2, b2 = 2b + p b2 - 2b - p = 0 1 root of equation = 5 (common root of equation 1 & 2 and greater than 0) Other root = 2 - 5 = - 3- p = 5 × (- 3) p = 15 Greater root = 5 Equation 3, d2 + d = q d2 + d - q = 0 If common root of equation 2 & 3 is 5, then other root of equation 3 = (- 1) - 5 = - 6 Difference = 5 - (- 6) = 11 > 6 (Not possible) If common root of equation 2 & 3 is - 3, then other root of equation 3 = (- 1) - (- 3)= 2 Difference = 2 - (- 3) = 5 < 6 (Possible) Root of equation 3 = 2, - 3 Greater root = 2 Sum of Greater root of 3 equation = 5 + 5 + 2 = 12 Sum is 12
Based on the IS curve and LM curve you have derived in Q36 and Q37, what is the equilibrium income?
Which of the following is NOT a postulate of the Classical Model of full-employment equilibrium?
If the two regression line are: 4x-5y+30 =0 and 20x – 9y = 107, Which of these is the line of regression of x on y and y on x.
Which among the following is the reason for convergence exhibited by the Solow growth Model ?
Under Monopoly the supply curve is absent because?
The equilibrium level of income is
A consumer purchases x1 = 40, x2 = 20 at the prices p1 = 4 and p2 = 12. He is also observed to purchase x1 = 36 and x2 = 8 at the prices p1 = 6 and p2 =...
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2...
The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y....
What is the value of elasticity of substitution in case of Cobb Douglas function?