A, B and C enter into a partnership with a capital in which A’s contribution is Rs. 16,000. If out of a total profit of Rs. 900, A gets Rs. 500 and B gets Rs. 200, then C’s capital is:
A : B : C = 500 : 200 : 200 = 5:2:2 Let their capitals be 5x, 2x and 2x respectively. Then, 5x = 16000 => x = 3200 C’s capital = 2x = Rs. 6400
What is the output elasticity of labour in the following production function?
Q = 10L0.5K0.5
Market failure is the inability of
If the expected value of the error is not zero, it is a problem only if this expected value is
The theory of comparative advantage in a two−country, two−commodity world can only work if
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For an economy, the required per capita growth rate is 7% , the population growth rate is 3% . Calculate the saving rate for a capital output ratio of ...
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In the Classical model, if there is an increase in aggregate demand, what will be the long-run effect on output and prices?
A firm should increase investment when :
