Quantity of milk in mixture P = 4/7 × 105 = 60 ml Quantity of water in mixture P = 3/7 × 105 = 45 ml Quantity of milk in mixture Q = 7/12 × 36 = 21 ml Quantity of water in mixture Q = 5/12 × 36 = 15 ml Desired Ratio = (60 + 21):(45 + 15) = 81:60 = 27:20
If the price elasticity of demand for apples is 3, then what will be the impact on total revenue if price increases?
A country is said to be in debt trap if
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/&...
For which preferences the income offer curve and the price offer curve are equal?
An indirect utility function
If factor cost is greater than Market price, then it means that:Â
From the following data, find National income.