Question
A hollow cylindrical pipe has an inner radius of 8 cm. If
the length of the pipe and the thickness of the pipe are 12 cm and 2 cm, respectively, determine the approximate volume of the pipe. (Use π = 22/7)Solution
ATQ,
Outer radius of the pipe = 8 + 2 = 10 cm
Volume of the pipe = π × height × [(outer radius)² - (inner radius)²]
= (22/7) × 12 × (10² - 8²)
= (22/7) × 12 × (100 - 64)
= (22/7) × 12 × 36
= 1,123.71 cm³ or 1124 cm³
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
In case of Giffens goods, price effect is
From the resource allocation point of view, perfect competition is preferable becauseÂ
Shifts in demand curve as shown in the figure below represents
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
When the economist speaks of an increase in demand, he is usually referring to a ____________________
Elasticity of demand measures the
Pricing decision includes
Which one of the following is not the function of a managerial economist?
Elasticity of demand is based on which of the following factors?