Related Questions

Suppose a person would earn Rs. 10,000 in base period. Suppose the cost of living index increases by 20% over base period. Then the employers of that person increase his salary by Rs. 1500. Which of the following option is TRUE?
Suppose that H be an X-set and suppose that a∼b and |Xa|=|Xb|, the which of the following is true?
Suppose that there are two goods, X and Y, facing a consumer. The prices are Px = Rs. 4 and Py = Rs. 5. He has Rs. 110 to spend on these goods. Suppose, he is currently buying 15 units of good X (with marginal utility equal to 40) and 10 units of good Y (with marginal utility equal to 45).
In the above context, which one of the following statements is correct?