Question
For which preferences the income offer curve
and the price offer curve are equal?Solution
Income offer curve is a line that depicts the optimal choice of two goods at different levels of income at constant prices.
Price offer curve is a line that depicts the optimal choice of two goods as price of 1 good change holding the price of other good and income fixed.
For perfect complements preferences, the two curves are the same.
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
45.05% of 260.05 – 20.15% of 149.99 × 3.02 = ?
14, 27, 40, 53, 67, 79Â
(48/16)2 × 50/50 ÷ 50/800 = ? Â
1726 1/3 + 40% of 1849.889 + 15.12 × 18.25 = ?
(74.76 ÷ 12.11 X ?)% of 239.89 = 600.19
14.99% of 7820 + 5535.25 ÷ 123.001 - ? = 84
Direction: Please solve the following expression and choose the closest option
What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)...
63.981 + 64.001 + 65.08019 + 63.11112 =?
