jnu qstn

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jnu qstn

sakshi
 q1 in an economy whr capital and labour are only factors of production.  capital stock  : 1000, output capital ratio : 0.4 ,employment : 200,wage rate:1 ,rate of profit is:
 a)5%
b)10%
c)20%

Q2     index of wholesale price (1990 =100)
           weight   1997
good a   25         150
good b    ?          125
good c    ?          140
all 3      100        135
 the weights represent share of base year (1990) sales of each commodity in total sales.what is d proportion of good c sales in 1990?

q 17 200... is it option b? m confusd n q 2 1998 also please confirm

please answer wd solutions.....n thnx
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Re: jnu qstn

jess
(25/100)x(150) + (x/100)x(125) + (y/100)x(140) = 135

and, 25+x+y= 100

Solve for x and y and you will get the weights.