Question
A boat takes 9 hours more to cover 270 km upstream than to
travel 180 km downstream. If the speed of the boat is ‘4x’ km/hr and the speed of the stream is ‘x’ km/hr, find x.Solution
ATQ,
[270 / (4x - x)] - [180 / (4x + x)] = 9
[270 / 3x] - [180 / 5x] = 9
[1350 / 15x] = 9
15x = 1350 / 9
15x = 150
x = 10
Which of the following fiscal measures will have the most expansionary effect on aggregate demand?
Expansionary fiscal policy in the classical model will cause aggregate demand to-----potential output?
What is the variance of first n natural numbers
The substitution effect for a commodity is
In a monopolistically competitive market, firms earn zero economic profit in the long run primarily because of:
In a situation when MRS>Px/Py, the consumer would react by:
“ All Giffen goods are inferior, but all inferior goods are not Giffen”. The statement is
I f Rs. 10 crores are invested in public works and MPS is 0.25, then the increase in income would be
Money Multiplier is always
The costs of inflation are?