Question
If a task can be completed by
either 10 boys or 12 girls in 10 days, how long will it take for a team of 5 boys and 2 girls working together to finish the same task?Solution
ATQ,
Let efficiency of a boy and a girl is ‘M’ units per day and ‘W’ units per day respectively. Total task = 10 × 12 × W = 120W units And, 10M = 12W Or, 5M = 6W Efficiency of 5 boys and 2 girls = 5M + 2W = 6W + 2W = 8W units per day Desired time = 120W/8W = 15 daysÂ
A rightward shift in supply curve indicates
When AR is constant, MR is
A high value of cross-elasticity indicates that the two commodities are
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
A movement along a demand curve indicates that a different quantity is being demanded
This movement is due to
Elasticity of demand is based on which of the following factors?
Pricing decision includes
Market with one buyer and one seller is called
The goods whose demand is not tied with the demand for some other goods are said to haveÂ
Which one of these is an exception to the law of demand?
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