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Compensating variation in income method is used by Hicks to eliminate the income effect when price of a product is changed.
A man spends 72% of his income. If his income increases by 28% and his expenditure increases by 25%, then what is the percentage increase or decrease in...
The monthly earnings and expenses of a person are in the ratio of 8:3. The earnings increase by 40%, and the expenses decrease by...
After increase in the price of coffee by 20 %, a person is able to buy 4 kg less for Rs. 1,440. Find the original and increased price of the coffee per ...
B invests 40% of his monthly salary on Travelling and 25% of remaining on Food. Again, he invested 20% of the remaining (after travelling and food expen...
In an exam, Rina scored 54% marks and failed by 80 marks whereas Tina scored 74% marks in the same exam and scored 60 marks more than the passing marks....
The value of A’s car is depreciating by 30% every year whereas the value of his house is appreciating by 9% each year as compared to the previous year...
Entire number of emplyees in a office is 240. 20% employees left the office and out of the remaining employees, the ratio of men and women is 11:13, res...
A candidate who gets 24% marks fails by 12 marks but another candidate who gets 46% marks gets 14% more than the passing marks. Find the maximum marks.