CAT Questions

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Keeping in mind the safety and convenience of passengers, both 'a' and 'b' follow. 'c' clearly suggests a remedy to the problem and hence it also follows.

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

Given Karthik + Kalyan = 112

Given that when karthik is at the age of kalyan he is twice of Kalyan's age

i.e When he was 48 means Kalyan is at 24

=> Present age of Kalyan is 48

And that of Karthik is 112 - 48 = 64

Other things the same, when the interest rate rises people would want to lend more, making the quantity of loanable funds supplied increase.

Production costs to an economist reflect opportunity costs.

Anemometer is the instrument that is used for measuring the speed of wind or any gas currents.

Tradestation is owned by its parent organization Monex Group, Inc.

Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).