If Y is preferred over X lexicographically. If income is 100 and price of x=1 and price of y is10, then at optimal bundle the total amount of X is
In the case of lexicographic preference, (where Y is lexicographically preferred over X), at optional bundle the consumer will consume only Y (as he is getting more utility if he consumes more Y). So, at optimal bundle X=0 and Y = M/Py =10.
Vasant says, “I have as many sisters as brother”. Vaishali say, “Each of us sisters has only half as many sisters as brothers”. Assuming that Va...
Which of the following Venn diagrams best represents the relationship between stars, planets and universe ?
Five students participated in an examination and each scored different marks. Naina scored higher than Meena. Kamla scored lower than praveen but higher...
An information is given, followed by two statements labelled I and II. Identify which of the statements is/are possible reason(s) behind the given infor...
Which of the following numbers will replace the question mark (?) in the given series?
98, 105, 52.5, 59.5, ?, 36.75
Artist : Painting :: Cobbler : ?
Two positions of a cube are shown. What will come opposite to the face showing ‘@’?
Mishka says she is looking for the only child of her brother’s maternal grandmother. Who is she looking for?
Select the option figure which is embedded in the given figure (Rotation is NOT allowed).
In a code language, the word 'MISTER' is coded as SGWWNS and the word 'FOREST' is coded as 'UUHVTL', then the code for the word 'PERSON', in the same co...
