Question
Umar has the utility function U(b,w) = min
(b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the horizontal axis and w on the vertical axis and if we measure Umar’s consumptions from the lower left corner of the box, then the contract curve containsSolution
Can be verified after drawing IC for both 
Statements: D ≥ G > N < Q > T = W
Conclusions:
I. D < N
II. W = N
Statements:
No truck is a bus.
All bus are train.
Only a few train are car.
Conclusions:
I. All bus may be car.
Statements: C ≤ O > I > M > F, O ≤ Q < U, M < J
Conclusions:
I. I < U
II. C > F
In the question, assuming the given statements to be true, find which of the conclusion (s) among given three conclusions is/are definitely true and th...
In the questions given below there are three statements followed by two conclusions I and II. You have to take the three given statements to be true ev...
Statement:
Only a few horses are camel.
Mostly camel are rabbit.
Each rabbit is cow.
Conclusion:
1. All horse being...
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be true...
Statements: R > Q ≥ M = S ; Q ≥ O > T
Conclusion: I. Q ≥ S II. R < T
...Statement: M=N<Q ≤P ≥R;Q<T;U<S>T
Conclusions:
1. U > Q
2. N > R
...Statement: W < X; W ≥ Y > Z; T ≥ U > X
Conclusion:
I. Z ≥ X
II. U ≥ W
