Satish spends Rs 13 per day:
- Roti costs Rs 1 and dal costs Rs 2. He consumes 3 rotis and 5 cups of dal per day to meet the calorie intake limit.
Thus, the total expenditure is: \(3×1+5×2=3+10=13\)
Thus, the correct answer is (a).
Which of the following are applicable to the individual's expenditure function?
(A) It is homogeneous of degree zero in all prices.
(B) It represents the maximum expenditure to achieve a given level of utility.
(C) It is non-decreasing in prices.
(D) It is concave in prices.
Choose the correct answer from the options given below:
Match List-I with List-II and choose the correct answer:
Match List-I with List-II:
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