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Questions › Microeconomics › Budget constraint and consumer equilibrium

Budget constraint and consumer equilibrium: previous year questions

Asked 3 times in 2 exams across 2 years. Newest first.

Practise Budget constraint and consumer equilibrium, easy to hard →

  1. GATE 2023 Q27An individual is endowed with income of Rs. 142 and has the utility function U(x₁,x₂) = x₂(x₁+1), where x₁ ≥ 0, x₂ ≥ 0. The unit price of x₁ is Rs.…
  2. GATE 2021 Q24Trisha's consumption preference on biryani (x) and pudding (y) is given by the utility function U(x,y)=x+4y. The price per unit of biryani is ₹2 and…
  3. IIT JAM 2021 Q4You have a budget of Rs. 4000 and buy LPG cylinders at Rs. 50 each. If you return an empty cylinder purchased from the seller you get a refund of…