Question
Ramesh spends 40% of his income and divides the
remaining income among his wife and children (a daughter and a son) in the ratio of 3:4, respectively. If the ratio of the amount received by his daughter to that by his son is 4:3. Find the money spent by Ramesh if his son gets Rs. 3,600.Solution
ATQ, Let the income of Ramesh be Rs. '100c'. Money spent by Ramesh = 0.4 × 100c = Rs. '40c' Money received by his wife = (3/7) × (100c - 40c) = Rs. '30c' Money received by his children = (4/7) × (100c - 40c) = Rs. '60c' Money received by his son = (3/4) × 60c = Rs. '45c' ATQ, 45c = 3600 Or, 'c' = 80 Therefore, money spent by Ramesh = Rs. '40c' = Rs. (40 × 80) = Rs. 3,200
  Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the Golden state level of capita...
If Y = -10X and X = -0.1Y, then r is equal to:
The A.M. and G.M. of a distribution are 12.5 and 10 respectively. Then the H.M. is
For an economy, the required per capita growth rate is 7% , the population growth rate is 3% . Calculate the saving rate for a capital output ratio of ...
Which of the following is NOT one of the four priorities on which the budget proposal of 2022-23 rests?
The costs of inflation are?
Which of the following is an assumption of Ordinary Utility Theory?
The subsidies that are trade distorting comes under which box of WTO?
Which of the following is correct regarding the Durbin-Watson Test?
...GNP exceeds NNP by: