Question
A market situation when firms sell similar but not
identical products is termed as?Solution
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. In other words, large sellers selling the products that are similar, but not identical and compete with each other on other factors besides price.
A 480 ml mixture consists of milk and honey in a 5:7 ratio. If ‘p’ ml of both milk and honey is added to the mixture, the new ratio of milk to honey...
Two varieties of rice costing Rs 50/kg and Rs 70/kg are mixed so that the cost price of the mixture is Rs 60/kg. In what ratio are the cheaper and deare...
A 65-litre mixture contains only water and oil in the ratio 3:2, respectively. If 35 litres of the mixture is replaced with the same quantity of oil, th...
A container has ‘2x’ litres of juice and ‘3y’ litres of soda. If 24 litres of soda is added to the container, the ratio of juice to soda becomes...
An alloy of copper and tin contains 60% of copper. If 10 kg of more tin is added to the alloy, the copper content gets reduced to 50%. Find the quantity...
A container has 40 litres of a solution containing 25% alcohol. How many litres of pure alcohol must be added so that the resulting mixture contains 40%...
An 800 ml mixture consists of 60% milk. After adding ‘x’ ml of milk and ‘2x’ ml of honey, the milk-to-honey ratio changes to 9:10. Determine the...
- A vessel contains mixture in which 25% is water and rest is milk. If 40 liters more water added in vessel, then quantity of water becomes 35% of mixtu...
- A tank holds 480 litres of a solution of juice and water mixed in the ratio 2:6. If ‘y’% of the solution is removed, and the amount of water removed is...
A trader mixes 48 kg of rice costing Rs. 35 per kg with 32 kg of rice costing Rs. 50 per kg. How much rice costing Rs. 65 per kg should be added to the ...
Relevant for Exams:
