Which one of the following hypotheses postulates that individual's consumption in any time period depends upon resources available to the individual, rate of return on his capital and age of the individual?
The life-cycle theory of consumption, popularly known as life-cycle hypothesis,' was developed by Ando and Modigliani" in the early 1960s. The life-cycle hypothesis postulates that individual consumption in any time period depends on (i) resources available to the individual, (ii) the rate of return on his capital, and (iii) the age of the individual. The resources available to an individual consist of his existing net wealth and the present value of all his current and future labour incomes. According to the life-cycle hypothesis, a rational consumer plans consumption on the basis of all his resources and allocates his income to consumption over time so that he maximizes his total utility over his life time.
Profit percentage received on a product when sold for Rs. 240 is equal to the percentage loss incurred when the same product is sold for Rs. 240. Find t...
A bought an article at 12% less of the marked price and sold it at 10% more than the marked price. Find the profit earned by him.
A shopkeeper earns a profit of 30% by selling an article. What would be the approximate percent change in the profit percent, if he had paid 20% less an...
Last year Mr. A bought two paintings. This year he sold them for Rs, 20,000 each. On one, he made a 25% profit and on the other he had a 25% loss. Then ...
A shopkeeper marked an article ‘A’ 25% above the cost price and sold it for Rs. 7056 after giving a certain discount while he sold an articl...
When a person sold an article, his profit% is 65% of the selling price. If the cost price is increased by 80% and the selling price remains the same, th...
Arjun sells an article at profit of 8%. If he had bought it at 5% less and sold it for ₹120 more he would have made a profit of 20%. what will be the ...
'S' purchased two bags of rice for a total of Rs. 2,000. He sold one of the bags at a profit of 32%, and the other at a loss of 12%. If the overall prof...
After selling 15 chairs, a furniture shop earns a profit equivalent to the selling price of 3 tables. While selling 10 tables, the shop earns a profit e...
In a shop, shirts are usually sold at 50% above the cost price. During a sale, the shopkeeper offers a discount of 20% off the usual selling price. If h...