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Let the initial speed of the bike be ‘x’ km/hr Therefore, speed of the car = 1.23x km/hr According to the question, 6 × 1.23x – (4x + 2 × 1.36x) = 33 => 7.38x – 6.72x = 33 => x = 33/0.66 = 50 km/hr
Backward bending labor supply curve is because of
In a situation when MRS>Px/Py, the consumer would react by:
Which of all the following is not an assumption of Marshall Consumer Theory of Demand?
To gauge the sacrifice made by a taxpayer, we should use the _____ tax rate.
If the money supply grows 5 per cent, and real output grows 2 per cent, prices should rise by
The concept of vicious circle of poverty is associated with
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
Concepts of displacement and concentration effect in public expenditure are attributed to
A.C. Pigou an...
According to Economic survey 2023-24, what is the real GDP growth rate of India in FY24?
