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Study the following passage and answer the following questions:Instead of being concerned with what actually happens in practice….(Economics) is increasingly preoccupied with developing pseudo-mathematical formulas. These provide models of behavior which...
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Solution

The real world in fact closely approximates ideal theoretical conditions.

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Study the table and answer the following questions

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Abhishek travelling at a speed of 12 km/hr reaches his home 20 minutes late. Had he travelled at 16 km/hr he would have been 20 min early….

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The difference between simple interest and compound on Rs.800 for one year at 10% per annum compounded half yearly is ?

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