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1st natural number = x 2nd natural number = y (x - y)3 = 1728 (x - y) = 3√1728 = 12 squaring both sides (x - y) ² = 144 x2+y2-2xy =144 x² + y² = 144 + 216 = 360 Now, (x + y) = √ (x² + y² + 2xy) =√ (360 + 216) = √576 = 24 X+y=24.
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Which method is used by Hicks to eliminate the income effect when price of a product is changed
Refer to the above table. Calculate th...
If elasticity is ‘e’, and price of the product is B, MR=?
Calculate Domestic Income: