Question
The incomes of Rohan, Mohan, and
Sohan are in the ratio 8:6:5, while their savings are in the ratio 4:3:2. If Mohan saves Rs 24,000, which is 40% of his income, find the expenditure of Sohan.Solution
ATQ, Income of Mohan = 24000 ÷ 0.4 = Rs. 60,000 So, income of Sohan = 60000 × (5/6) = Rs. 50,000 And savings of Sohan = 24000 × (2/3) = Rs. 16,000 So, expenditure of Sohan = 50000 - 16000 = Rs. 34,000
In the context of India's labor market, define the Worker Population Ratio (WPR), and state the recent trend in this ratio according to the la...
For Cobb-Douglas production function the elasticity of substitution is
In a perfectly competitive market, a firm’s long run supply curve is
Given two lines of regression x+3y=11 and 2x+y=7. Find the coefficient of correlation between x and y.
Which of the following statements is NOT correct under the IS-LM (Fixed Price) model?
Which one of the following cannons of taxation was not advocated by Adam Smith?
Consider a closed economy wherein
C = 0.60 Yd , t = 0.25 , I = 900 – 30i , G = 800, L = 0.20 Y – 50i , M/P = 500
Where in Yd = Dis...
The velocity of money is
Which of the following accurately describes the initial stages of the Demographic Transition Theory?
A) • Stage 1: High birth and death rates, ...
A sample poll of 100 voters reveals the following information about candidates A, B and C who are nominated for 3 different offices:
- ...