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Vaishali Sharma
Subject: Economics
, asked on 22/5/18
How opportunity cost is 420?
Answer
3
Harshita Khatri
Subject: Economics
, asked on 3/5/18
how to produce is a complex problem for less developed country like india. explain how
Answer
1
Harshita Khatri
Subject: Economics
, asked on 30/4/18
Problem of resource is automatically solved in free economy justify
Answer
1
Shanaya
Subject: Economics
, asked on 23/4/18
5 a numerical on elasticity of demand and arranging a few values of elasticity of demand with negative sign in ascending order
Answer
2
Shanaya
Subject: Economics
, asked on 22/4/18
Plz help.the answer is 1 .how?
Answer
1
Tanmaya Darisi
Subject: Economics
, asked on 8/4/18
Reson based- If Marginal utility increases, the quantity demanded of the commodity also increases. Why? Give reasons.
Answer
1
Maaz Iqbal Shaikh
Subject: Economics
, asked on 3/4/18
Discuss the situations of disequilibrium in two commodity case. How is equilibrium restored?
Answer
1
@mohit
Subject: Economics
, asked on 26/3/18
what is b r i c s?
Answer
4
Ipsita Chakravarty
Subject: Economics
, asked on 25/3/18
Interest paid by individual on loan against collateral from a bank included or excluded in National income?
Answer
3
Ipsita Chakravarty
Subject: Economics
, asked on 24/3/18
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Answer
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Ipsita Chakravarty
Subject: Economics
, asked on 23/3/18
How to solve these type of questions:
8. Suppose a consumer can afford to buy 6 units of good 1 and 8 units of good 2 if she spends her entire income. The prices of the two goods are Rs. 6 and Rs 8 respectively. How much is the consumer's income?
Hint: Suppose, the equation of budget line is p
x
x+p
y
Y=M
(Where X= good 1; P
x
=Price of x; Y=good 2; P
y
=Price of Y; and M=Income)
Putting values in the equation, we get;
Rs. 6x6+Rs 8x8=m, i.e. Income (M) = Rs. 100
Answer
2
Ujjwal Sancheti
Subject: Economics
, asked on 22/3/18
How distribution of income and size of a population are factors affecting market demand? Explain briefly.
Answer
1
Indu Nair
Subject: Economics
, asked on 22/3/18
The answer to this question is given as (a).why isn't it (c)?Please explain
Q5. Marginal utility (MU) in terms of money is equal to :
(a)
marginal
Utility
in
units
Maginal
Utility
of
one
rupee
(b)
Maginal
Utility
of
one
rupee
marginal
Utility
in
units
(c)
marginal
Utility
in
units
price
of
the
commodity
(d) None of these
Answer
3
Ujjwal Sancheti
Subject: Economics
, asked on 22/3/18
difference between Indifference set and Indifference map.
Indifference Set
It is a set of those combination of two goods which offer the consumer the same level of satisfaction, so that, the consumer is indifferent across any number of combination in his indifference set.
Monotonic Preferences
Monotonic preferences refers to a situation where the consumer will prefer more quantity of commodities than lesser quantity.
Indifference Map
It refers to a set of indifference curves corresponding to different income levels of the consumer.
In an indifference map, indifference curves are parallel and a higher indifference curve represents a higher level of satisfaction.
Consumer's Budget
It is the real purchasing power of consumer from which he can purchase certain quantitative bundles of two goods at a given price.
Answer
2
Indu Nair
Subject: Economics
, asked on 22/3/18
why have they mentioned that bananas are being sacrificed to gain apples.aren't an apple each being sacrificed to gain 2 bananas?in that case wouldn't slope be 1/2.please explain
Answer
1
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What are you looking for?
8. Suppose a consumer can afford to buy 6 units of good 1 and 8 units of good 2 if she spends her entire income. The prices of the two goods are Rs. 6 and Rs 8 respectively. How much is the consumer's income?
Hint: Suppose, the equation of budget line is pxx+pyY=M
(Where X= good 1; Px=Price of x; Y=good 2; Py=Price of Y; and M=Income)
Putting values in the equation, we get;
Rs. 6x6+Rs 8x8=m, i.e. Income (M) = Rs. 100
Q5. Marginal utility (MU) in terms of money is equal to :
(a) (b)
(c) (d) None of these
Indifference Set
It is a set of those combination of two goods which offer the consumer the same level of satisfaction, so that, the consumer is indifferent across any number of combination in his indifference set.
Monotonic Preferences
Monotonic preferences refers to a situation where the consumer will prefer more quantity of commodities than lesser quantity.
Indifference Map
It refers to a set of indifference curves corresponding to different income levels of the consumer.
In an indifference map, indifference curves are parallel and a higher indifference curve represents a higher level of satisfaction.
Consumer's Budget
It is the real purchasing power of consumer from which he can purchase certain quantitative bundles of two goods at a given price.