Question
What does a utility function represent in
economics?Solution
A utility function defines the relationship between the quantity of goods consumed and the level of satisfaction or utility derived by a consumer.
Statements: E ≤ F = G ≤ H = I, M < L ≤ G = K ≥ J
Conclusion:
I. I ≤ L
II. I > M
III. E ≥ J
Infant jaundice is yellow discoloration of new born baby's skin and eyes which occurs because the baby's blood contains an excess of a yellow pigment c...
Statements:
Atleast trimmer are dryer.
Only a few straightener are dryer.
No machine is trimmer.
Conclusions:
I. All ...
Statements:
Only English are History.
Only a few English are Science.
Some Science are not Hindi.
Conclusions:
<...Statements:
I. All pins are bins.
II. All bins are not papers.
Conclusions:
I. Some papers are pins.
II. All ...
Statement:
Each dog is cat.
Only a few dogs are mouse.
Few dogs are not monkeys.
Conclusion:
1. All cats can ...
Below are given statements followed by some conclusions. You have to 6 take the given statements to be true even if they seem to be at variance with the...
Statement:
No one is two.
A few two are three.
Only one is four.
Conclusion:
1. All two being three is a possibilit...
Statement:
Each yellow is red.
Only a few red are green.
Some green are blue.
Conclusion:
I. All red are yellow.<...
Statements: Y $ Z, H $ D, Z * D
Conclusions: a) Y & H b) Y * D
...
Relevant for Exams:
