Question
Statement: The government has made an appeal to all the
citizens to throw garbage in the dustbin and to keep their surrounding clean. Assumption: 1) People may now start paying more attention to clean their surroundings. 2) The cleanliness may considerably increase in the near future. In each question below is given a statement followed by two assumptions numbered 1 and 2. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statementSolution
Solution: Assumption I and II both are implicit because both are imminent positive outcomes assumed.
Calculate Operating Surplus:
Items
Rs in crore
Compensation of employees
2000
Rent and interest
800<...
In a situation when MRS>Px/Py, the consumer would react by:
What is the value of the balanced budget multiplier?
Which of the following statements is (in general) true?
A monopolist is facing a downward sloping linear market demand. His variable cost of production is zero. The profit maximizing price will
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The costs of inflation are?