Leontief Preferences are related to
Leontief utility functions represent complementary goods. A consumer with a Leontief utility function has the following properties: The preferences are weakly monotone but not strongly monotone: having a larger quantity of a single good does not increase utility, but having a larger quantity of all goods does.
In the morning Ram and Shyam were talking to each other face to face. If Ram’s shadow was exactly right to Shyam. Which direction Shyam is facing?
Point D is 3m to the West of Point R. Point A is 6 m to the North of point D. Point K is 16 m to West of point A. Point K forms a midpoint of the vertic...
What is the shortest distance between point M and point N?
The length and breadth of a park are 8 m and 6 m respectively. A man runs along all the four side and finally along a diagonal order. How much total dis...
S is in which direction with respect to V?
Rakesh walks 4 km to west and turns to his right and walks 6 km and turns right and walks 6 km and finally turns to his right. Which direction is he fac...
In which direction is S with respect to T?
X is 13m south east of Y and Z is 12m south of Y. In which direction is Z with respect to X?
Two Bikes start from the opposite places of a highway 250km apart. First Bike A runs for 45km and takes a right turn and then runs 25km. It then turns l...
Arpit started from his office and travelled 2 km towards west, then he turned right and travelled 2 km and then turned left and travelled 3 km. From th...
