Question
The utility function of X is such that X likes to
consume 2 units of lemon with every 1 liter of water. The price of lemon is Rs.1.00 and that of 1 liter of water is Rs.18. What is the maximum utility of X given that her income is Rs.200Solution
U (W, L) = min (2w, L) At Utility maximizing Level 2W = L = U P(lemon) = 1 P(water) = 18 BL: 1(L) + 18(W) = 200 2W + 18W = 200 W = 10 Therefore, L = 2(10) = 20 U = min {2W, L} = 20
Of ______ the things I am not very good at, living in the real world is _______ the most outstanding. I am constantly ______ with wonder at the number ...
Directions: Below given sentences contain two blanks. Fill in the blanks with appropriate words.Â
The musician's mesmerizing performance _____...
1) tremendously
2) high
3) lowly
4) downwardly
5) tensed
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- Select the most appropriate option to fill in the blank.
Senior judges of the Supreme Court ___________the morning to discuss the issue.
... You are provided with a sentence with one word missing, denoted by a blank. You are presented with four options (A), (B), (C) and (D), identify which of...
The couple decided to _______ and postpone their vacation after hearing about the family emergency.
It dates from the 11th century, and once belonged to the Ogilvies, from ____________ it passed in 1535 to the Gordons.
Choose the most suitable option to fill in the blanks in the sentences below.
The project became so expensive that we had __________.
In the following questions, each sentence has two blanks. Choose the appropriate set of words for the blanks that best fits in the context of the sente...
