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Let the original number be ‘x’. According to the question, => x × 1.3 + 34 = 3x => x = 20
Calculate national income from the following data:
Which of the following is a possible change in total revenue that occurs if you increase the price of a good with unit elasticity?
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
If coefficient of correlation rxy= 1, then
Suppose X has income of Rs.500. He wants to maximise his expected benefit Z1/2 where Z is his money earned. He has two options, 1. Do not inv...
In the Lewis model, what does the term “surplus labor” refer to?
Which among the following is the reason for convergence exhibited by the Solow growth Model ?
The Coefficient of Alienation can be determined by
A consumer has utility function given by : u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in...
With reference to Pradhan Mantri Kaushal Vikas Yojana, consider the following statements:
