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Let the monthly salary of A be Rs. ‘x’ Amount spent on food = Rs. 0.30x Amount spent on rent = Rs. 0.20x Amount received by brother = (x – 0.30x – 0.20x) × 0.14 = 0.07x So according to question: => 0.20x – 0.07x = 2600 => 0.13x = 2600 => x = 20000 So, the amount spent on food = 0.30 × 20000 = Rs. 6000
Under Perfect Competition, Consider X’s production function to be Q=(min{K,L})1/2 , the price of capital is Rs.2 and price of labor is Rs.1...
Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys its goods in large quantities and, therefore, at chea...
In the case of cost-push inflation, other things being equal:
____ in reserve requirements ____ the money supply since it causes the money multiplier to ____.
For which of the following consumption functions, the value of income multiplier, k=5?
What was the growth rate of India's industrial sector in 2023-24?
A neutral technological change __________
A labor-augmenting technological change has no effect upon the
Which among the following is the reason for convergence exhibited by the Solow growth Model ?
In a situation when MRS>Px/Py, the consumer would react by: