Question
A consumer has utility function given by :
u{x1,x2} = min {2x1+x2, x1+2x2}. Given income m = 100, prices p1 = 20, p2 = 30, the amount of x1 in her utility maximizing bundle is:Solution
2x1+x2 = x1+2x2 S0, x1 = x2 Equate x1=x2 then put this in budget line. Solve for equilibrium bundle of x1 and x2. So, 20x1 + 30x2 = 100 50x1 = 100
X1 = 2 = x2
Event (A): The announcements filed by listed companies will be disseminated directly on the NSE website without the exchange's intervention.
E...
independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statement. Read b...
Statements:
1. Several shops in the area were closed for the day.
2. A protest march was organized in the area against a new government policy.
Based on the analogy given, find the missing word from the given options.
Helium : Noble Gas ∷ Aluminium : ?Event (A): The hydroponic vertical garden cultivated as a pilot on the Metro Pillar is wilting as no one is there to take care of it.
Event (B...
In the question below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent cause...
In the question below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent cause...
In the question below, a situation is given, followed by two statements (1) and (2). You have to take the given statements to be true even if they seem ...
Statements:
I. The warming trend in urban areas was higher than in the suburbs especially during April to June in the current year.
II...
Statement-
The Pakistan Army violated ceasefire for the third consecutive day on Friday by targeting Indian posts and civilian areas with mortar ...
