Question
The ratio of age of A and his son is 9:2. If the
difference of their ages 7 year ago is 21, then find the sum of ages of A and his son 13 year hence?Solution
Let the present age of Raman and his son be 9x and 2x respectively. => 9x – 2x = 21 ∴  x = 3 Required sum = 11 × 3 + 26 = 59 years
If the price elasticity of demand for apples is 3, then what will be the impact on total revenue if price increases?
Calculate national income from the following data:
If a tax is placed on the product in this market, tax revenue paid by the buyers is the area
A firm finds that for the product it produces, its (own) price elasticity of demand is 4. Currently, the firm is selling 1000 units per month at Rs. 5 p...
Guess an even integer between 1 and 100 that is closest to 1/2 of the mean of the guesses, what will be the equilibrium in that case?
What is the Capital to RiskWeighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability R...
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If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Calculate Operating Surplus:
Items
Rs in crore
Compensation of employees
2000
Rent and interest
800<...