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ATQ, Total quantity of initial mixture = 70 × (10/7) = 100 litres Since the quantity of milk remains unchanged, therefore Total quantity of resultant mixture = (70/0.35) = 200 litres Therefore, the quantity of water added = 200 - 100 = 100 litres
Assume a small open country under fixed exchanges rate and full capital mobility. Prices are fixed in the short run and equilibrium is given initially a...
Walraw’s Law states the following:
If input prices adjusted very rapidly to output prices as classical economists argue the Phillips cure would be
What is the output elasticity of labour in the following production function?
Q = 10L0.5K0.5
Which of the following statements is not true regarding CRISIL ?
Consider the game:
What is the dominant strategy o...
Fisher’s cash transaction equation is expressed as
The marginal cost of production is MC=0.3x+4, determine the cost involved to increase production from 70 to 100 units.
'Distributed Profits' is also known as:
A researcher has to consult a recently published book. The probability of it being available is 0.5 for library A and 0.7 for library B. Assum...