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.
Anita has some money left after spending 20%, 10% and 30% of monthly salary on rent, electricity and shopping respectively. The remaining money with Ani...
Ajay spent 34% of his monthly income on rent and 46% of the remaining on food and the rest amount is saved by him which is Rs. 1782, then find the month...
Rajesh spent 48% of his monthly income on food and 52% of the remaining of study. If total monthly savings (after spending on food and study) of Rajesh ...
A student scored 40% in mathematics, 70% in science, and 60% in English. If the maximum marks in each subject are 200, what are the total marks scored b...
The total strength of school A is 20% more than that of school B. In school A and B, out of total number of students, 30% and 40% respectively are girls...
A and B together have total of Rs.6000 out of which they donated 20% to the orphanage school. The remaining amount is to be then redistributed between t...
In an examination of three papers of 200 marks each, a candidate got 120 and 100 marks in the first two papers. The percentage of marks he should get in...
There are 100 students in a particular class. 55% students play rugby, 30 % play basketball and 15% play both the games. What is the number of students ...
A person spent 25% of his monthly income on food and 62% of the remaining on rent. If amount spent on rent is Rs 930, then find the amount spent ...
Gaurav spends 25% of his salary on grocery and 35% of the remaining amount on electricity bills. If Gaurav saves Rs. 33637.5, what is his total salary?
