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The Slutsky substitution effect provides the consumer greater satisfaction by bringing him on a higher indifference curve, while the Hicksian substitution effect brings him back to the initial level of satisfaction on the original indifference curve. Hicks’ substitution effect is weak because it is based on the compensating variation in income.
Harish and Bimal can complete a task in 20 days. They worked at it for 15 days and then Bimal left. The remaining work was done by Harish alone, in 10 d...
A can do a certain work in the same time in which B and C together can do it. If A and B together could do it in 12 days, and C alone in 24 days, in wha...
A mango kept in a basket doubles every one minute. If the basket gets completely filled by mangoes in 30 min then in how many minutes half of the basket...
A, B and C can do a piece of work in 11 days, 20 days and 55 days respectively. If B works daily and is supported by A and C on alternate days beginnin...
A person from the top of a hill observes a vehicle moving towards him at a uniform speed. It takes 10 minutes for the angle of depression to change from...
A car running with a speed of 69 km/hr takes 28 hours to go from 'A' to 'B'. If on the way back from 'B' to 'A', the car takes 20% less time than it tak...
How will you write 3.78 hours in hours, minutes, and seconds?
Four bells ring at 16, 24, 36, 42 minute intervals. If they ring together at 6.00 a.m., after how long would they next ring together?
...A can do 50% of the job in 16 days, B can do 1/4th of the job in 24 days. In how many days can they do 3/4th of the job working together?