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.
Consider the following statements:
I. National Ayush Mission (NAM) is a central sector scheme implemented by...
In which event did Emma McKeon win her final Olympic gold medal at Paris 2024?
To enable every rural household across the country to have provision of potable tap water supply by 2024, Government of India in partnership with States...
Private sector lender ______ has been added to the FTSE All - World Index nearly nine years after it was removed .
How much loan has been provided by the Asian Development Bank to India to support its urban reform agenda to create high-quality urban infrastructure, i...
What was the overall voter turnout recorded in phase-4 of the ongoing General Elections 2024?
Which novel won the 2023 Booker Prize for fiction, and who is the author?
In November 2021, ____________ has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
What is the capital of Mexico?
Which of the following committees determined the poverty line based on a minimum daily requirement of 2400 and 2100 calories for an adult in Rural and U...
