Question
Crusoe begins with an endowment A. Point R is the
consumption combination he would choose at real interest rate r and point R´ is the consumption combination he would choose at real interest rate r´. Which of the following statements is true?Solution
Crusoe's wealth has decreased because of the change in the real interest rate. Because Crusoe's endowment and preferences are such that he is a borrower, the increase in the interest rate hurts him. Note the MRS = 1+r at point R.
The work done by a man, a woman and a child are in the ratio of 4 :3: 1. There are 15 men, 20 women and 30 children in a factory. Their weekly wages amo...
If a tank can be filled by a tap in 14 hours, but due to an outlet, it actually takes 4 hours longer to fill the tank, find the duration in which the ou...
A tank is filled by 3 pipes, second pipe take 5 hours more than first pipe and 5 hours less than third pipe to fill the tank alone. If second and third ...
Pipe A alone fill the tank in x hours and Pipe B alone fill the tank in (x – 7) hours. If the efficiency of pipe B is triple of pipe A and pipe A ...
- Pipes âDâ and âEâ alone can fill a tank in 16 minutes and 24 minutes, respectively, while pipe âFâ can empty the same tank in 48 minutes. If al...
Pipes A, B, and C are connected to a tank. Pipe A can fill the empty tank in 48 minutes, and Pipe B can do the same in 80 minutes. On the other hand, Pi...
A, B and C are three pipes connected to a tank. A and B together fill the tank in 30 hours, B and C together fill the tank in 40 hours. A and C together...
Pipe A and Pipe B together can fill the tank in 24 hours. The capacity of the pipe A is 25% of the capacity of the pipe B. How much time will pipe B alo...
Pipe 'X' takes 50 minutes to fill the tank by itself, while Pipe 'Y' can fill it in 30 minutes on its own. What is the time required for both pipes to f...
Pipe âXâ alone can fill a tank in 20 hours. When pipe âXâ and âYâ are opened together, they can fill 60% of the same tank in 6 hours. Find t...
