Marked price of an article is Rs.350 more than its cost price. If profit earned is equal to the discount given then find the profit earned?
According to the question, => CP + P = MP – D => P + D = MP – CP => 2P = 350 => P = 175
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer pay...
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Market failure is the inability of
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If factor cost is greater than Market price, then it means that:
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