Question
In the context of lexicographic utility functions,
which of the following scenarios is impossible?Solution
In lexicographic preferences, indifference between two different goods is impossible because the consumer has a strict ranking. They will always prefer one good over the other, regardless of the quantities.
What is the objective of SAP’s MoU with Gati Shakti Vishwavidyalaya (GSV)?Â
How does HDFC Bank's new branch in Lakshadweep primarily benefit the local population?
Which country recently joined the International Solar Alliance (ISA)?
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Which Indian bank became the first to launch Central Bank Digital Currency (CBDC) retail transactions via UPI QR codes?
Which Indian state is set to become the country’s first digitally literate state on August 21, 2025?Â
What is the focus of India’s newly passed resolution at Ramsar CoP15 in Zimbabwe?Â
Dubai International Airport (DXB) recently launched an AI-powered passenger corridor under which initiative?Â
ISRO’s proposed heavy-lift rocket is designed to carry how much payload capacity?Â
State Bank of India’s (SBI) new special personal loan scheme for Agniveers offers a maximum loan amount of:Â