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.
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
79.95 × 25.001 – 20.001 × 129.90 + 839.99 = ?
2380.03 ÷ 84.98 x 39.9 = ? + 15.32
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
234.19 ÷ 17.92 - 12.19 × 7.5 + 44.92% of 119.96 = ?
Find the approximate value of Question mark(?). There is no requirement to find the exact value.
? = 599.77 – 14.08 × 20.11 + (12.93)²
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
13³ + 1.3² + 1.03¹ + 1.003 = ?
23.87% of 449.86 + 17.83 of 4.09 = ?
(5.08/3.01) of 41.99 - 24.99% of 120.09 = ? - 9.99
