By how much % should a shopkeeper increase the marked price of his item so that the customer gets a profit of 8% even after giving a discount of 10%?
Let - CP = 100 Marke price = y Then – SP = 100 ×108/100 = 108 Rs SP = mark price ×90/100 108=y ×9/10 Y = 120 Rs Increase = 120 – 100 =20 Increase % = 20/100 ×100 =20%
What is the output elasticity of labour in the following production function?
Q = 10L0.5K0.5
Market failure is the inability of
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The theory of comparative advantage in a two−country, two−commodity world can only work if
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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 :
