Question
In a two-sector economy, the consumption function is
given as: Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â C=100+0.8Y where C is consumption and Y is national income. If autonomous investment (I) is fixed at 200 units, what is the equilibrium level of national income?Solution
Pipe A fills a tank in 12 min, pipe B in 18 min. Time to fill together?
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A and B fill a tank in 6 and 8 hours. Pipe C empties it in ‘x’ hours. All three open together fill the tank in 4 hours. Find x.
Tap ‘A’ and tap ‘B’ can fill a tank in 42 hours and 30 hours, respectively. If both taps are opened together, then find the time after which tap...
