The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y.
Calculate the Expenditure function for the same
A and B invested Rs.4000 and Rs.8000 in a business respectively and after 5 months B withdrawn 50% of his initial investment and again after 5 months he...
A and B started a business by investing Rs.300 and Rs.400 respectively. After 6 months, A increased his investment by Rs.800. Find the ratio of annual p...
'Arjun' initiated a business with an investment of Rs. 1,200. After eight months, 'Bhishma' joined the business with an investment equivalent to 60% of ...
Ashish started a business by investing Rs. 4200. Few months later; Ramesh joined him by investing Rs. 4800 such that at the end of the year, the profit ...
A and B together start a business with investment of Rs. 2100 and Rs. (x + 800), respectively. If the profit earned after 5 years is Rs. 7000 and share ...
‘A’ and ‘B’ invested Rs. 4800 and Rs. 3200, respectively in a business, together. After 6 months, ‘A’ withdrew 25% of his initial investment...
A and B entered into a business investing Rs. (x + 60) and Rs. (x – 55) respectively. After one year they invested Rs. 120 more and Rs. 150 more respe...
A and B invest in a business in the ratio of 2:3, B left the business after X months, C joins the business with twice investment as compared to that of ...
'X' and 'Y' invested 'a + 2400' and '2a', respectively, to launch their businesses. 'X' withdrew half of his money four months later. Determine 'X's inv...
The savings of I and J are the same. The difference between J's expenditure and the savings of I and J together equals 0. J's income is Rs. 54,000, and ...
