Question
Which of the following is an assumption of Ordinary
Utility Theory?Solution
A key assumption of Ordinary Utility Theory is the rational behaviour of the consumer. This implies that consumers make choices to maximize their utility, given their preferences and budget constraints, and their preferences are complete and transitive.
What is the objective of the ‘Palna’ scheme under the Ministry of Women and Child Development?
Which country did India sign a protocol with to establish the Joint Economic and Trade Committee (JETCO)?
What is the primary purpose of the geospatial foundation model unveiled by IBM and NASA?
The Indian Army’s ‘Technology Roadmap for UAS and Loitering Munitions’ covers how many types of UAS and loitering munitions?
Samudrayaan Mission is aimed at sending three personnel to 6000-metre depth in a vehicle called ____ for the exploration of deep sea resources like mine...
India’s foreign exchange reserves recently touched a 19-month high. What was the total forex reserve as of March 2025?
In which of the following state 'Doctor Apke Dwar' project was started ?
How many Cheetahs are being translocated to India from Botswana under Project Cheetah?
 According to the Taste Atlas Report, what is India’s ranking in the list of Best Cuisines, 2022?
With whom has Indigo airline signed a deal to buy 500 A320 aircraft?
