Indian Economy Questions

Which of the following is represented by 'Lorenz Curve'?

If demand curve for house cleaning services is D = 45000 - 21P and supply curve is S = 15000 + 9P, find the equilibrium Quantity?

Inflation is a situation characterised by

Unemployment that arises when there is a general downturn in business activity is known as

Micro-economics is also called __________

If one more baker is hired the output of a bakery will increase from 1250 breads to 1400 breads per day, but then the bakery will have to reduce the price of the bread from Rs 15 to Rs 14 per unit to sell the additional output, the marginal revenue product of the last baker is _______.

Which formula correctly describes productivity?

If for a perfectly competitive firm, price is Rs. 60, output is 300 units, average variable costs are Rs. 18, and average total costs are Rs. 36. The firm's profits are equal to