Question
A sum of money invested at 18% per annum simple interest
for 3 years earns Rs. 540 more interest than it does when invested at 15% per annum compound interest for 2 years. Calculate the amount received when the same sum is invested at 25% per annum simple interest for 4 years.Solution
ATQ, Let the principal amount be Rs. P. 
The amount received at 25% per annum simple interest for 4 years is: 
A high value of cross-elasticity indicates that the two commodities are
Movement along a demand curve as a result of change in price is known asÂ
Which one of the following is not the function of a managerial economist?
If the firms under perfect competition have different costs, abnormal profits can be earned in the long run only by
Information for pricing decision involves
Under perfect competition, the long-run equilibrium of the firm is established at
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
When price elasticity of demand is unity, the total expenditure:
Concept of 'Consumer's Surplus' was evolved by
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