Question:
A consumer wants to consume two goods X and Y. The price of the goods are ₹2 per unit and ₹5 per unit respectively and his income is ₹30. What will be the slope of the budget line?
A consumer wants to consume two goods X and Y. The price of the goods are ₹2 per unit and ₹5 per unit respectively and his income is ₹30. What will be the slope of the budget line?
Updated On: Oct 18, 2024
- -0.5
- -0.4
- -5
- -2
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The correct option is (B) :-0.4
Was this answer helpful?
0
0
Top Questions on Income and Expenditure Account
- Value of MPS (Marginal Propensity to Save) is increased from 0.4 to 0.5. What would be the impact on Multiplier ?
- CUET (UG) - 2024
- Economics
- Income and Expenditure Account
- Paradox of Thrift implies:
- CUET (UG) - 2024
- Economics
- Income and Expenditure Account
- Arrange the following steps in correct sequence.
(A) Appropriation of profit like Interest on capital
(B) Charge against profit
(C) Distribution of profits among the partners
(D) Transfer to General Reserve as a part of Divisible profits
(E) Calculation of Net profit
Choose the correct answer from the options given below:- CUET (UG) - 2023
- Accountancy
- Income and Expenditure Account
- can be used to write off preliminary expenses of the company.
- CUET (UG) - 2023
- Accountancy
- Income and Expenditure Account
- During the year 2015-16, subscription received by a sports club were ₹ 80,000. These included ₹ 3,000 for the year 2014-15 and ₹ 6,000 for the year 2016-17. On 31st March 2016, the amount of subscription due but not received was ₹ 12,000. Calculate the amount of subscription to be shown in Income and Expenditure A/c.
- CUET (UG) - 2023
- Accountancy
- Income and Expenditure Account
View More Questions
Questions Asked in CUET exam
- A molecule X associates in a given solvent as per the following equation:
X ⇌ (X)n
For a given concentration of X, the van’t Hoff factor was found to be 0.80 and the
fraction of associated molecules was 0.3. The correct value of ‘n’ is:- CUET (UG) - 2024
- Solutions
- Who devised the concept of Intelligence Quotient (IQ)?
- CUET (UG) - 2024
- Psychological attributes
- Two pipes A and B can fill a tank in 32 minutes and 48 minutes respectively. If both the pipes are opened simultaneously, after how much time B should be turned off so that the tank is full in 20 minutes?
- CUET (UG) - 2024
- Time and Work
- If \(A = \begin{bmatrix} 3 & 2 \\ -1 & 1 \end{bmatrix} \quad \text{and} \quad B = \begin{bmatrix} -1 & 0 \\ 2 & 5 \\ 3 & 4 \end{bmatrix},\)then \((BA)^T\) is equal to:
- CUET (UG) - 2024
- Matrices
- The spin-only magnetic moment of Hexacyanomanganate(II) ion is.........BM
- CUET (UG) - 2024
- Magnetic moment
View More Questions