The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?
7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.
A cylinderical container of 32 cm height and 18 cm radius is filled with sand. Now all this sand is used to form a conical heap of sand. If the height of theconical heap is 24 cm, what is the radius of its base?