Explain in detail the price decomposition of a price rise in case of giffen goods.
Does tax revenue always increase with increase in tax rate? Why or why not. Explain.
Can the government ensure that the effect of a food tax imposed on sellers is borne only by
the sellers? Why or why not?
After observing the impact of price controls, a government official commented that Market economy is a good way of organizing economic activity, do you agree or disagree.
A certain firm has plants A, B and C producing, respectively, 35%, 15% and 50%, of the total out. The
probabilities of a non-defective product are, respectively, 0.75,0.95 and0.85. If a consumer receives a
defective product, what is the probability that it came from plant C.
1. Two charges Q1=-5 NC and Q2=-7 nc are separated by 8 cm. Calculate tHe electric potential at point.
2. A research van de Graaf generator has a 2.50 mm diameter sphere with a charge of 6.00 UC on it.
A. What is the potential near its surface?
B. At what distance from its center is the potential 1.50 MV?
Create a class called Match that will have team the class must have the following data members and methods:
Data Members:
• This class has two data members named HomeTeam and VisitorTeam which are of type Team, they will store that two teams that will play the Match.
Methods:
• This class doesn’t have a default constructor, it only has one constructor which receives two Team object that will be assigned to HomeTeam and VisitorTeam.
• setTeams(),which receives two Team object that will be assigned to HomeTeam and VisitorTeam.
• playMatch(), simulates match play by calling the scoreGoals methods of each team.
• getPlayGound(), returns the ground of play which is the HomeGound of the HomeTeam.
• isDrawMatch(), will return true if the Match is a draw and false if there is a winner. The match is a draw if the goals of the teams are equal.
• getWinner(), returns the team which won the match, a team wins if its goals is higher than the goals of the other team.
When a firm uses different factors of production or at least cost combination the optimum combination of factors is achieved when MPL / PL = MPL / PL. Intuitively explain this statement
6. Write a Python program that reads a number and finds the sum of the series of 1 +11 + 111 + 1111 + ….+N terms.
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Sample Input1:
5
Sample Output1:
1 + 11 + 111 + 1111 + 11111
The Sum is: 1234