What is production function
Production function: It is the technological relationship among input and output of a firm and is termed as production function.
When the interest rate is 10 percent yearly and government analysts discount the future benefits by a public project at 5 percent per year, then there will be an overstatement of the: (w) present value of the future benefits. (x) present value of aver
Can there be certain fixed cost in long run? If not why? Answer: No, there can’t be any fixed cost in long run. The main reason is that there is no fixed inpu
The demand for Toyota Corollas will rise in response to: (i) Higher prices for Honda Civics. (ii) The decrease in price of steel. (iii) Honda offering enormous discounts to probable buyers. (iv) Technological progress for designing a car. (v) Higher safety ratings for
At price of Rs. 20 the unit quantity demanded is 300 units. Its price downs by 10% its quantity demanded rises by 60 units. Compute price elasticity. Answer: <
Not learning the whole thing possible regarding someone prior to you marry them is an illustration of: (i) Adverse selection. (ii) Moral hazard. (iii) Economic dishonesty. (iv) Blind indifference. (v) Rational ignorance. Choose the
The rate of return on financial assets tends to be negatively associated to: (w) probability of default. (x) liquidity. (y) risk. (z) time to maturity. Please guys help to solve this problem of Economics
When market demands for agricultural products are relatively price inelastic and relatively income inelastic both, in that case as per capita income raises, the average income of farmers will: (w) increase while supplies of agricultur
What do you mean by Gross Domestic Product of Norway?
Elucidate the consequence of an increase in demand of a commodity on its equilibrium quantity and price? Answer: Increase in demand causes a rightward shift in the
Define aggregate supply: Aggregate supply is the money value of net or total supply of services and goods available for purchase by an economy throughout a given period.
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