Write down the major limitations of HDI developed by the UNDP.
Limitations of HDI developed by the UNDP:-
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Suppose that the market demand and supply functions are given by:
Qd = -500P + 5000
and Qs = 400P-400
Find out the effects of imposition of specific sales tax of 18% on equilibrium price and quantity.
Consider a firm in a Duopoly market with product differentiation in which, Duopolist I faces a demand function given by:
\(p_1 = 200 - 4q_1 - 2q_2\)
The cost function of Duopolist I is:
\(c_1 = 5q_1^2\)
Assume that Duopolist II has \(\frac{1}{3}\)rd share of the whole market.
Find out optimal price, output and profit for Duopolist I. Also find out the output of Duopolist II.
In a monopoly market, the demand and cost curves are given by:
p = 200 - 8q
and c = 25 + 10q
Suppose that the government imposes a tax of 10 per unit. How will equilibrium price and quantity be affected?
Show that when prices and income increase in the same proportion, there will be no change in quantity demanded for a commodity in Marshallian approach.
Interpret the slope of the IS curve. Why is IS curve normally negatively sloped?
What is classical dichotomy ? Is it the same as neutrality of money? Explain.
What are the major reasons for market failure ? Explain the role of the government in this context.
What are the determinants of velocity of money in Fisher's equation ? How does it differ from the Cambridge version of velocity of money?
What is Scitovsky Paradox? Explain it in the context of Kaldor-Hicks compensation test.
Derive Marshallian demand curve for an inferior good in a two-commodity framework by using income and substitution effects. Is this demand curve always negatively sloped ? Explain.
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Mendelian and non-Mendelian traits.
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Theoretical significance of Purum kinship-system.
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Smell as a signal among non-human primates.
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Osteodontokeratik culture and its makers.
Discuss the Miocene hominoid remains and their significance in evolution.