Question
The difference between value in use and value in
exchange is:Solution
Consumer surplus, also called social surplus in economics, the difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it.
A person spent 23% of his monthly income on food and 44% of the remaining on rent. If amount spent on rent is Rs 1694, then find the amount spent on food.
A contractor assigns 60% of his workers to a project. However, due to budget cuts, he reduces the workforce by 25%. If the initial workforce was 160 wor...
- Anita spends 18% of her monthly income on rent and 70% of the rest on household expenditure. If she saves Rs. 1,890, then find her monthly income.
A bag contains 500 coins of 25p denomination and 1000 coins of 50p denominations. If 15% of 25p coins and 30% of 50p coins are removed, the percentage o...
A certain value is initially increased by 40% and then reduced by 25%. Determine the overall percentage change in the initial value.
If 'Y' is 40% of 'X', then 'Y' is what percentage of (X - Y)?
A company allowed 9% commission on the total sales made by the salesman and a bonus of 1% on the sales over Rs. 40000. If the salesman deposited Rs. 108...
The population of a village two years ago was 'X'. Over the next two years, the population increased by 30% in the first year and...
The population of the town is 234000. 4/9th of them are males and rest are females. 50% males and 40% females are married. Find the percent of married p...
In a colony, there are 60 APL families and 30 BPL families. Each APL and BPL family got blankets equal to 22% and 70%, respectively of total number of f...
