Question
An “Economic Man” is considered one who chooses the
best option and acts in self interest. Which of the following is likely to be characteristic of such an individual?Solution
Economic man is a theoretical construct in economics that describes an idealized human being who is rational, self-interested, and consistently makes decisions to maximize utility or profit.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varian...
Statements: Only cars are motorcycles.
No motorcycle is a bike.
Some bikes are scooters.
All scooters are jeeps.
Conclu...
Statements: All plots are lands.
All lands are houses.
�...
Statement:
Each snickers are kit Kat.
Only a few snickers are dairy milk.
Few snickers are not munch.
Conclusion:...
Statement:
All N are M
Only M is D.
Conclusion:
I. Some N are ...
Statement
Only a few Apple is Banana
All Bananas are Orange
No Orange is Grapes
Conclusion
I) All Apple can ne...
Some mobiles may not be papers. Some dusters are not calculators
- Statements:
All Months are Years.
Only a few Years are Weeks.
No Week is Day.
Conclusions:
I. All Months can be Weeks. Statements: A’s @ P’s A’s % Y’s T’s # Y’s Z’s & A’s
Conclusion:
I. Y’s $ Z’s
II. T’s % P’s
III...
Statements: some record are folder.
No folder is a data.
...
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