6 × 0.5 + 1 = 4 4 × 1 - 1.5 = 2.5 2.5 × 1.5 + 2 = 5.75 5.75 × 2 - 2.5 = 9 Hence, x = 2.5 Hence, (2.5)² - 1 = 6.25 -1 = 5.25
If a tax is placed on the product in this market, tax revenue paid by the buyers is the area
If rxy = 0.75, then ryx will be:
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As per the regression data available: Wage = 11 + 0.24age - 0.23Illiterate + 0.14Married - 0.27Married*Illiterate, where the variables are self-...
Locus point of Isoquants wherein the marginal productivity of one of the factors is 0 is called
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Calculate Domestic Income: