Let the present ages of Goutam and Tia be 16x and 15x respectively. Given, (16x - 12)/(15x - 12) = 4/3 ⇒ 48x - 36 = 60x - 48 ⇒ 12x = 12 ⇒ x = 1 ∴ Tia's present age = 15 ⇒ Sahil's present age = 15 + 11 = 26 years
Consider the following Utility function U(x,y) = 4x+5y. The price of x and y are 5 and 6 respectively. The income of the consumer is 120. Calculate the ...
What is the mean of a data if its Pearson's coefficient of skewness is 0.25, standard deviation is 7 and mode is 20.
Claudia would be willing to pay as much as $100 per week to have her house cleaned. John's opportunity cost of cleaning Claudia’s house is $70 per...
Oligopolies can end up looking like competitive markets if the number of firms is
Calculate Personal Income: