Let the total work done to plough field ‘A’ = 30 units (LCM of 10 and 15) Then, efficiency of a buffalo = (30/10) = 3 units/day Efficiency of a bull = (30/15) = 2 units/day Total work required to plough field ‘B’ = 30 × 1.20 = 36 units Combined efficiency of 3 bulls and 2 buffalo = 2 × 3 + 3 × 2 = 12 units So, number of days required to plough field ‘B’ = 36/12 = 3 days
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Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
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In which of the following case , the production cost curves shifts upward?
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In case of Cob web Model, Damped Oscillation is witnessed when
A wholly owned subsidiary of the Reserve Bank is responsible for the production of bank notes and manages 2 presses, one each in Mysore and Salboni res...
