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Subject: Economics, asked on 2/1/18



Q. The marginal utility schedule for goods X and Y are given below. Both the goods are priced at Rs. 1 each and income of Rakesh (an individual) is assumed to be Rs. 8. Determine how many units of both the commodities should be purchased by Rakesh to maximum the total utility? 
Quantity
(units)		 Marginal Utility of X(MUx)
(units)		 Marginal Utility of Y MUy
(units) 
1
2
3
4
5
6
7
8		 11
10
9
8
7
6
5
4		 19
17
15
13
12
10
8
6

 

Subject: Economics, asked on 2/1/18



How to know that slope is increasing or decreasing?

Subject: Economics, asked on 27/12/17

Arya's money income is ₹48
Px = ₹6 , Py = ₹4
He purchases more of both goods when Px falls from ₹6 to ₹4
Use Diagram to support your answer
Is this a True/False Question????
Since nothing is mentioned about Qx and Qy the statement can be prooved true or false using hypothetical values
Suppose intially Qx = 6 , Qy = 3
With fall in Px , Qx = 8 , Qy = 4
Hence statement is true
However with fall in Px if Qx = 9 and Qy =3
Statement is false
Now if initial Qx = 2 , Qy = 9
After fall in Px , Qx = 2 , Qy = 9
Statement is false
Due to the fact that a single 2 variable equation has infinite answers, this question also has multiple answers

Subject: Economics, asked on 22/12/17

Please help me provide me some important topics of full macroeconomic and microeconomics ,please don't provide any line or reference

Subject: Economics, asked on 9/12/17

The price elasticity of good X or Y are equal. The demand of X rises from 100 units to 250 units due to a 20 percent fall in its price. Calculate the percentage rise in demand of Y, it its price falls by 8 percentage.

Subject: Economics, asked on 9/12/17

Solve Q20

20. Price elasticity of good X is known to be thrice that of Good Y. If price of the Good X increases by 20% and price of the Good Y decreases by 40% then calculate percentage charges in demand in both the cases. 

Subject: Economics, asked on 8/12/17

In this question how it will be known that 5 units of X and 8 units of y ,will be best combination.please explain briefly ?

Subject: Economics, asked on 3/12/17

Explain with examples the difference between demand and quantity demanded ( not CHANGE in demand and CHANGE in quantity demanded).

Subject: Economics, asked on 3/12/17

Kindly give the graph for equi marginal utility and explain the concept as well.

Subject: Economics, asked on 5/11/17

When price of the commodity falls from rs 10 per unit to rs 8 per unit, iys demand rises from 20 units to 24 units. What you can say about price elasticity of demand of the good through the percentage method

Subject: Economics, asked on 29/10/17

Importance of law of demand???

Subject: Economics, asked on 29/10/17

what are thr fsctors responsible for shift in demand

Subject: Economics, asked on 29/10/17

define demand function and the factors effecting demand

Subject: Economics, asked on 26/10/17

How Slope of budget line (-p1/p2) is equal to amount of good 1 that must be foregone in order to obtain an additional unit of good 2 ?
Please explain theoretically and numerically with proper examples.

Subject: Economics, asked on 23/10/17

Distinguish between an inferior good and a normal good. Explain the effect of change in income on each giving suitable examples.

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