If the quantity of good X demanded increases from 8 to 12 in response to an increase in the price of good Y from Rs. 23 to Rs. 27, the cross elasticity of demand for X with respect to the price of Y is approximately:

If the quantity of CD demanded increases from 260 to 290 in response to an increase in income from Rs. 9,000 to Rs. 9,800, the income elasticity of demand is approximately:

Read table 3 and answer the Question

Given the options available to him, what is the opportunity cost to the farmer of feeding one sheep?

Read table 3 and answer the Question

Given the options available to him, what is the opportunity cost to the farmer of feeding one cow?

Read table 2 and answer the Question.

Refer table 2 and find the value of z.

Read table 2 and answer the Question.

Refer Table 2 and find the value of y.

Read table 2 and answer the Question.

Refer Table 2 and find the value of x.

Consider Sumit’s production data given in the table 1.

Sumit’s marginal product of the 9th worker:

Consider Sumit’s production data given in the table 1.

Suppose Sumit decides to purchase fire insurance which costs Rs. 87,600 a year.(As it happens,
it works out to be Rs 10 per hour) The approximate marginal cost of the 52nd unit now is: