Question
How is value of correlation interpreted?
|
S. No.
|
Degrees
|
Positive
|
Nagative
|
|
1.
|
Abesence of correlation.
|
Zero
|
0
|
|
2.
|
Perfact correlation.
|
+ 1
|
- 1
|
|
3.
|
High degree correlation.
|
+ 0.75 to + 1
|
- 0.75 to - 1
|
|
4.
|
Moderate degree correlation.
|
+ 0.25 to + 0.75
|
- 0.25 to - 0.75
|
|
5.
|
Low degree correlation.
|
0 to 0.25
|
0 to -.0.25
|
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| Equation of Demand Curve of Commodity$-X$ | $Q_d = 400 - 2p$ |
| Equation of Supply Curve of Commodity$-X$ | $Q_s = 100 + 4p$ |
| New Equation of Supply Curve of Commodity$-X$ after the change in input price | $Q_s = 160 + 4p$ |
| Output (Units) | Total Variable Cost (₹) | Average Variable Cost (₹) | Marginal Cost (₹) |
| 1 | 20 | 20 | 20 |
| 2 | - | 16 | 12 |
| 3 | 54 | - | 22 |
| 4 | 80 | 20 | - |
|
Production yield (kg. per hectare)
|
||||||||
|
50-53
|
53-56
|
56-59
|
59-62
|
62-65
|
65-68
|
68-71
|
71-74
|
74-77
|
|
Number of farms
|
||||||||
|
3
|
8
|
14
|
30
|
36
|
28
|
16
|
10
|
5
|