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a) Explain thoroughly, with examples, the following:
i. Heteroscedasticity
ii. Perfect multicollinearity
iii. Unbiasedness
ben earns by giving guitar lessons at 20 per hour. if he spends 10 hours planting ornamental plants that buys 100 worth of pots and cutting. what are the opportunity cost
Before Eid-UL-Fitr, the price of juice was Rs.100 a box in Karachi, and Hayat Khan was willing to buy 10 juice boxes. After the Eid-UL-Fitr holidays, the price has gone up to Rs.120 a box, and Khan is now willing to buy 8 juice boxes. Is khan’s demand for juice boxes, elastic or inelastic? What is Khan’s elasticity of demand? Draw Khan’s demand curve, label everything clearly.
When the market mechanism is allowed to operate freely, prices will determine…
consider the following information : consumption C=800+0.8Yd, tax rate t=30%, investment I=600, Government Expenditure G=800, Export X= 400, Import I=200+0.2Y, where Y= national Income and Yd= disposable Income
Find the equilibrium Income
Find the value of multiplier
Find the value of consumption at Equilibrium
What is the value of import at equilibrium
What is the value of savings at equilibrium
What is the value of budget surplus
What is the value of current account
Other things remaining the same if investment increases from 600 to 664, the change in equilibrium income is
Other things remaining the same , if tax rate increases to 50%, then the new multiplier is
Why is it the case in a long-run monopolistically competitive equilibrium that the firm’s demand curve is tangent to its average cost curve? Why could it not be a long-run equilibrium if the demand curve “cut through” the average cost curve? (Max. 500 words)
Molly has a 2500 down payment saved for this purchase, and the dealers 1500 cash allowance will come straight off her total. How much loan does molly need?
How does the relative income hypothesis rationalize the difference between the cross sectional and time series properties of consumption data.
Why is it the case in a long-run monopolistically competitive equilibrium that the firm’s demand curve is tangent to its average cost curve? Why could it not be a long-run equilibrium if the demand curve “cut through” the average cost curve? (Max. 500 words)
two drivers johnson and Angela each driver up to a gas station ,before looking at the price each places an order johnson says I'd like 5 liters of gas, angela says I'd like 300 worth of gas ,what is each drivers price elasticity of demand
