Question
What does a utility function represent in
economics?Solution
A utility function defines the relationship between the quantity of goods consumed and the level of satisfaction or utility derived by a consumer.
What should come in place of the question mark (?) in the given series?
22, 24, 28, 30, 34, ?
Which day falls on 04th March of a year? If 16th December of the previous year was a Monday.
In this question, four statements are given in relation between letters, three related findings i, ii and iii have been given. When you consider the sta...
Seven friends, A, B, C, D, E, F and G, are sitting around a circular table facing the centre (not necessarily in the same order). D is an immediate neig...
If 'L' means '×', 'M' means '-', 'N' means '+', and 'O' means '÷', then what will be the value of the following expression?
6 L 25 M 15 N 45 O ...
Select the Venn diagram that best represents the relationship between the given set of classes. Wrestlers, Boxers, Fighters
In each of the given number-clusters, the number on the right side of = (the equal to sign) is calculated by performing certain mathematical operations ...
In a certain code language, ‘paint the wall’ is written as ‘jh dw qp’ and ‘wall of honour’ is written as ‘fh ut dw’. How is ‘wall’ w...
Select the set in which the numbers are related in the same way as are the numbers of the following sets.
(NOTE : Operations should be performed ...
If ‘A’ stands for ‘÷’, ‘B’ stands for ‘×’, ‘C’ stands for ‘+’ and ‘D’ stands for ‘−', what will come in place of the q...
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