Question
Monthly savings of βQβ is 25% more than that of
βPβ and is 48% less than monthly income of βPβ. Monthly expenditure of βQβ is Rs. 4260 and ratio of monthly income of βPβ and βQβ is 15:22, respectively. Find monthly expenditure of βPβ.Solution
Let monthly income of βPβ and βQβ be Rs. β15xβ and Rs. β22xβ, respectively Monthly savings of βQβ = 52% Γ 15x = Rs. 7.8x Monthly savings of βPβ = {7.8/1.25} = Rs. 6.24x Monthly expenditure of βPβ = 15x β 6.24x = Rs. 8.76x Monthly expenditure of βQβ = 22x β 7.8x = Rs. 14.2x Or, 14.2x = 4260 Or, x = 4260/14.2 Or, x = 300 Monthly expenditure of βPβ = 8.76 Γ 300 = Rs. 2628 Β
____ in reserve requirements ____ the money supply since it causes the money multiplier to ____.
Consider an exchange economy with two agents, 1 and 2, and two goods, X and Y. Each agent's consumption set is in +R2. The endowments of agents 1 and 2 ...
The "Multiplier" effect is larger when the marginal propensity to consume (MPC) is:
If coefficient of correlation rxy= 1, then
In a simple linear regression model Y = Ξ²0 + Ξ²1X + u, the Ordinary Least Squares (OLS) estimator is "best" because it:
What does the Weak Axiom of Revealed Preference (WARP) state?
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (β¬):
US$/β¬ ...
Locus point of Isoquants wherein the marginal productivity of one of the factors is 0 is called
Demand and supply equations were given as Qd = 300 - P, Qs = P/2 and govt imposes specific tax you had to find quantity at which tax revenue is maximized?
Probability that A will be alive in 20 years is 0.7 and probability that B will be alive in 20 years is 0.6, then what is the probability that they bot...
Relevant for Exams:
