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Arushi was to multiply a number by 2.4 but instead multiplied by 4.2. If the product she obtained was 65.1. Let the number that was supposed to be multiplied by 2.4 be x. According to the question, x × 4.2 = 65.1 x = 15.5 Now, the actual number = 15.5 × 2.4 = 37.2 ∴ The correct product that she should have got is 37.2.
A spot purchase of a currency coupled with simultaneous forward sale of the same currency is called:
The primary deficit in a government budget will be zero, when _______
The costs of inflation are?
If a country’s policy makers were to continuously use expansionary monetary policy in an attempt to hold unemployment below the natural rate the long-...
Commodity X and Y have an equal price elasticity of supply. The supply of X rises from 400 units to 500 units due to a 20 percent rise in its price. Cal...
There are three commodities –the first commodity has a negative price, at −1 per unit; the second commodity is priced at +1 per unit while the third...
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
Which of the following is NOT a postulate of the Classical Model of full-employment equilibrium?
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