The ratio between the present age of Beena and Meenal is 4:5, where Sumit is 3 years younger than Meenal then find the ratio of their ages 6 years hence.
Let present age of Beena be 4x years and of Meenal of 5x years. According to the question, => 4x = 5x – 3 => x = 3 Present age of Beena = 4×3 = 12 years Present age of Meenal = 5×3 = 15 years Now, 6 years hence their ratio of ages, Beena age = 12 + 6 = 18 years Meenal age = 15 + 6 = 21 years Required ratio = 18:21 = 6:7
What is the investment multiplier when the marginal propensity to consume is 0.60 and the marginal propensity to import is 0.20
Consider the following production function
Q = 20L – 0.2L2 – 20K + 0.2 K2 + 4KL
If 20 units of capital i...
Consider the following:
Assertion (A): According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step-by-step manner.
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer pay...
In the standard IS-LM model, an increase in Government spending (G) without changing taxes has
___________ refers to the degree of correlation of the same variables between two successive time intervals
Two mutually exclusive events
A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at this output it would make a loss. Under what circumst...
