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Some train are fire engine (I) + Some train are bus (I) ⇒ No conclusion. Hence, conclusion I will not follow. All ambulance are fire engine (A) + Some train are fire engine (I) ⇒ No conclusion. Hence, conclusion II will also not follow. Some bus are train (I) ⇒ conversion ⇒ Some train are bus(I). Hence, conclusion III will follow.
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
Let X and Y be two related variables. The two regression lines are given by x-y+1=0 and 2x-y+4=0. The two regression lines pass through the point:
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidie...
Which of the following statements is correct regarding Mutual Fund?
A dice was rolled 3 times. What is the probability of getting 5 at least once?
For Cobb-Douglas production function the elasticity of substitution is
Assertion (A): Use of goods and services from which one can be excluded are pure private goods.
Reason (R): Such goods and se...
For a monopoly firm, which of the following equalities is always true?
To gauge the sacrifice made by a taxpayer, we should use the _____ tax rate.