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. 3450 and ratio of monthly income of βPβ and βQβ is 10:19, respectively. Find monthly expenditure of βPβ.Solution
Let monthly income of βPβ and βQβ be Rs. β10xβ and Rs. β19xβ, respectively Monthly savings of βQβ = 52% Γ 10x = Rs. 5.2x Monthly savings of βPβ = {5.2/1.25} = Rs. 4.16x Monthly expenditure of βPβ = 10x β 4.16x = Rs. 5.84x Monthly expenditure of βQβ = 19x β 5.2x = Rs. 13.8x Or, 13.8x = 3450 Or, x = 3450/13.8 Or, x = 250 Monthly expenditure of βPβ = 5.84 Γ 250 = Rs. 1460
Law of diminishing returns only applies to cases where
Country A can produce 10 units of cloth or 20 units of wheat per day. Country B can produce 15 units of cloth or 15 units of wheat per day. Which of the...
What is the dual problem for given linear programming problem?
Z = Max (4x1 + 5x2 + 7x3)
s.t. 3x1 + x2 + 6x3Β <= 3
x1 + 2x2 + x...
Β The Laffer Curve in a labor market context illustrates the relationship between:
If the public consumes β¬100 billion less and the government purchases β¬100 billion more (other things unchanging), which of the following statement...
For which of the following consumption functions, the value of income multiplier, k=4?
1) Calculate the standard error of the estimate of Y on X regression equation for the following data
N =50 , ∑y^2 = 150 , ∑xy = 180, &sum...
Β If f(x) is continuous for all real values of x and f(x) takes on only rational values, then if f(1)=1, the value of f(0) is
The main objective of the Bank for International Settlements (BIS) is often described as:
What is the probability of getting the sum as a prime number if two dice are thrown?