Question
Consider the following items in the two tables and
choose the Correct Option. Table A Table B I- National Defence Public Good II- National Highways Private Good III- Government Administration Private Good IV- Clothes Public Good V- Movies Private GoodSolution
The benefits of public goods are available to all and are not only restricted to one particular consumer. For example, if a person eats a chocolate or wears a shirt, these will not be available to others. It is said that this person’s consumption stands in rival relationship to the consumption of others. However, if we consider a public park or measures to reduce air pollution, the benefits will be available to all. One person’s consumption of a good does not reduce the amount available for consumption for others and so several people can enjoy the benefits, that is, the consumption of many people is not ‘rivalrous’.
The sum of three numbers is 212. If the ratio of the first to the second is 3:5 and that of second to the third is 7:10 then the second number is?
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84 is divided into two parts in such a way that the fourth part of the first part and the fifth part of the second are in the ratio 1 : 2. The first par...
The ratio of the number of English books to Hindi books in a library shelf is 6:5. If 135 Hindi books are written by Pradeep, which constitutes 15% of t...
What must be added to each term of the ratio 3:7 so that it may equal to 4:5?
