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Box A is placed immediately above Box B. Three boxes are placed between Box B and the box has 180 fruits. Box which has 175 fruits is placed immediately above the box, which has 180 fruits. Only one box is placed between the boxes having 175 and 165 fruits. We get two possibilities with respect to above statements, Case-1: Box A and Box B is placed in 6th and 5th rack respectively. The box which has 180 fruits is placed in the lowermost rack. The box which has 175 fruits is placed in second rack. The box which has 165 fruits is placed in fourth rack. Case-2: Box A and Box B is placed in 2nd and 1st rack respectively. The box which has 180 fruits is placed in the 5th rack. The box which has 175 fruits is placed in topmost rack. The box which has 165 fruits is placed in fourth rack. By using above information we get the following table as shown Box D has 210 fruits. Box which has 119 fruits is placed immediately above the box which has 190 fruits. Two boxes are placed between the box which has 190 fruits and Box E. Box C is placed above Box F but neither of the boxes is placed in the topmost rack. From above statements, Box D has 210 fruits and it is placed in 3rd rack (only possibility in both cases) Case-1: The boxes which have 119 and 190 fruits are placed in 6th and 5th rack respectively. Box E is placed in second rack. Finally, Box C and Box F are placed in 4th and 1st rack respectively. All the given condition satisfied and we get the completed arrangement as shown, Case-2: The boxes which have 119 and 190 fruits are placed in 6th and 5th rack respectively. Box E is placed in second rack. Either Box C or Box F is not placed in the topmost rack. Thus this case-2 becomes invalid and it can be eliminated. By using above information we get the following table as shown,
A table indicating various levels of demand at various prices is termed as
Demand analysis includes
Under perfect competition, the long-run equilibrium of the firm is established at
The positive cross elasticity of demand between two products means the two products
When the economist speaks of an increase in demand, he is usually referring to a ____________________
The statement, "The elasticity of demand may be defined as the percentage change in quantity demanded which would result from 1 percent change in price"...
Pricing decision includes
Movement along a demand curve as a result of change in price is known as
From the resource allocation point of view, perfect competition is preferable because
The reasons for L-shaped long run average cost curve is/are