Let the present ages of ‘A’ and ‘B’ be 7x years and 6x years, respectively Therefore, 6x + 2 = 20 Or, 6x = 18 Or, x = 3 Sum of present ages of ‘A’ and ‘B’ = 7x + 6x = 39 years Sum of present ages of ‘A’, 'B’ and ‘C’ = 21 × 3 = 63 years Therefore, present age of ‘C’ = 63 – 39 = 24 years
For which of the following consumption functions, the value of income multiplier, k=4?
Approximately what is the Coefficient of Variation of first 50 natural numbers ?
Market failure is the inability of
All of the following curves are U-shaped, except the
A firm finds that for the product it produces, its (own) price elasticity of demand is 4. Currently, the firm is selling 1000 units per month at Rs. 5 p...
For any given price, a firm in a competitive market will maximize profit by selecting the level of output at which price intersects the
When a straight-line demand curve is tangent to curvilinear demand curve then the elasticity of the curves at point of tangency is
Consider a Solovian economy with the aggregate production function Yt = K1/2l1/2 . The initial size of the population is 10...
Suppose demand and cost function of a monopolist are Q = 5 – 0.25P and C = 4Q+2. If government imposes a tax @10% of sales. What is the total tax ...
