Question
Person 'A' invests Rs. 'y' in a business, while person 'B'
contributes Rs. (y + 400). After a duration of 2 years, A's profit is 1/6 less than B's profit. Determine the value of 'y'.Solution
ATQ;
If both invest for the same period, profit ∝ investment
A's profit is 1/6 less than B's
A : B = (5/6) : 1 = 5 : 6
Hence, y : (y + 400) = 5 : 6
6y = 5(y + 400)
6y = 5y + 2000
y = 2000
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:
- ...