Question
A consumer has utility function given by : u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in her utility maximizing bundle is:
More Research Questions
- Assertion (A): In India, a sharp rise in the international prices of crude oil usually leads to a more immediate and significant increase in the Wholesale ...
- A firm operating in a perfectly competitive market has a short-run total cost function given by TC(Q)=20+2Q+0.5Q2. If the market price is P=10, what is the...
- What is the effective tariff rate on the commodity, when no imported inputs are used?
- If the endowment of some resource increases, the industry that uses that resource most intensively will increase its output while the other industry will d...
- Find the value of Lerner index if P=10 and MR= 5
- Special Drawing Rights (SDRs) are:
- In the Solow growth model, long-run economic growth is determined by:
- Assertion (A): There is a natural tendency to collude under oligopoly. Reason (R) : Inter-dependence of firms in oligopolistic markets.
- Which of the following functions has a degree of homogeneity not equal to unity?
- If Y = -10X and X = -0.1Y, then r is equal to:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)