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Let the distance to be travelled be ‘x’ km Time taken when speed is 24 km/hr = (x/24) hours Time taken when speed is 40 km/hr = (x/40) hours According to the question, (x/24) – (x/40) = 2 Or, 5x – 3x = 2 × 120 Or, 2x = 240 km Or, x = 120 km Time taken to travel 120 km with speed of 24 km/hr = 120/24 = 5 hours Therefore, he started at 12 – 5 = 7 a.m. Therefore, required speed to reach the destination at 11 a.m. or 4 hours = 120/4 = 30 km/hr
Assume a small open country under fixed exchanges rate and full capital mobility. Prices are fixed in the short run and equilibrium is given initially a...
Walraw’s Law states the following:
If input prices adjusted very rapidly to output prices as classical economists argue the Phillips cure would be
What is the output elasticity of labour in the following production function?
Q = 10L0.5K0.5
Which of the following statements is not true regarding CRISIL ?
Consider the game:
What is the dominant strategy o...
Fisher’s cash transaction equation is expressed as
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A researcher has to consult a recently published book. The probability of it being available is 0.5 for library A and 0.7 for library B. Assum...