Question
What is the difference between the profits earned by New
Balance, Adidas by selling Shoes?Solution
Profit earned by New Balance by selling Shoes = 30% of 6/11 of 22% of 4crores = 0.144crores Profit earned by Adidas by selling Shoes = 15% of 7/10 of 20% of 4crores = 0.084 crores Therefore, Required difference =Rs (0.144 – 0.084) = 0.06 crores
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Autonomous Consumption = Rs. 100
Marginal Propensity to Consume =0.60
Investment = Rs. 200...
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The Phillips curve shows the trade-off between ----- and -----?
Under perfect competition, the firm's demand curve is typically perfectly elastic. However, under certain conditions, it may become negatively sloped. W...
 If f(x) is continuous for all real values of x and f(x) takes on only rational values, then if f(1)=1, the value of f(0) is
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