By selling 72 articles, a loss equal to the selling price of 8 articles was incurred. What is the loss percentage?
let selling price (sp) of one article be x then for 8 article 8x and for 72 articles 72x Cost price (cp) of 72 article is 72x+8x=80x loss percentage(loss%)= lost / Cost price × 100 loss percentage = 8x / 80x × 100 loss percentage=10%
The Fisher Effect assumes that the
Consider the following production function
Q = 20L – 0.2L2 – 20K + 0.2 K2 + 4KL
If 20 units of capital i...
Demonetization refers to
If the endowment of some resource increases, the industry that uses that resource most intensively will increase its output while the other in...
If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we get
An economist calculated the cross-price elasticity of demand for nicknacks and gizmos and got -0.5. What can she conclude about the relationsh...
If money is neutral,
Whenrxy>0,thenbyxandbxyareboth:
...Which of the following is correct?