Question
A jeans is listed at Rs. 2,500 and the discount offered
is 15%. What additional discount must be given to bring the net selling price of Rs. 1,950?Solution
Marked price = Rs. 2,500 After 1st discount = 85/100 × 2500 = 2125 Selling price = Rs. 1,950 Additional discount % = (2125-1950)/2125 × 100 = 175/2125 × 100 = 8 (4/17) %
Consider the following production function
Q = 20L – 0.2L2 – 20K + 0.2 K2 + 4KL
If 20 units of capital i...
The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y....
If the regression coefficients of x on y and y on x are -1/4 and -1/9 respectively, then what is the correlation coefficient between x and y?
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
Consider the following:
Statement 1: There exists an inverse relationship between market rates of interest and price of bond
Statement 2...
Assume that there are equal numbers of male and female students in a university. Of all male students, 10 per cent major in economics; and of ...
Which of the following fiscal measures will have the most expansionary effect on aggregate demand?
Given x=2y+4 and y=kx+6 are the lines of regression of x on y and y on x respectively. Find the value of k if value of r is 0.5.
According to the kinked demand curve model, if a firm raises its price, competitors are likely to:
