Aksahay..please help

[Akshay Jain]

sry but i dont hav much info about wats going to be the admission procedure dis year

[Granpa Simpson]

Akshay plz check the solution of the second part and let us knw weder the approach is correct ornot..it wud be of grt help to us..!!!

[Granpa Simpson]

http://discussion-forum.2150183.n2.nabble.com/DSE-2013-Paper-Discussion-td7584703i40.html
you can find it in this thread

[Granpa Simpson]

Procedure: Consider the case of a single person where the person will consume x1 only if slope of the IC will be greater than the slope of the budget line, which means 1/β>(1+r), on rearranging it will come down to β<(1/1+r). For a single cnsumer the demand will depend on Pr(β<(1/1+r)) which for a continuous distribution can be written as Pr(β<=(1/1+r)) which is nothing but F(X=1/1+r)=C.D.F. For a uniform distribution defined on [a,b] the C.D.F is given by F(X)=(X-a)/(b-a), here in this case X=1/1+r and the pdf is defined on [1/2,1], using the formula we get Pr(β<=(1/1+r))=F(x=1/1+r)=[(1/1+r)-(1/2)/1/2]=(1-r)/(1+r)............................(1)
(1) gives the demand for a single consumer, so for N consumers the demand will be N*[(1-r)/(1+r)].
Spent almost an hour on this solution and got this as the only way to proceed, however plz do check and comment on the validity...Akshay plz check the solution for the second part.

[Akshay Jain]

@subhayu...m trying with the second part but not really satisfied with it...
u hav done a very good job on dat...must say
In ur approach u are using the budget constraint as x1+bx2<=1/(1+r) but acc. to me the budget constraint is bx2<=1/(1+r).......

[Granpa Simpson]

Thanx a lot Akshay...plz let us knw if u find something satisfactory...thanx in advance...

[Akshay Jain]

I would be better if amit sir see this discussion
I to left both d questions when I was giving this exam......

[Granpa Simpson]

Akshay can u plz tell us how many correct attempts on an average out of 60 is safe..!!!

[Shefali]

Till last year 50+ was a safe score .But now since the seats have been reduced by half you need to get more than 60+ .

[Granpa Simpson]

Thanx Shefali...!!!!

[SoniaKapoor]

Shefali..i think 60 would not be safe.Maybe one might make in the 2nd list(if it comes though) with 60+.My du professors and everyone is saying atleast 65+.The seats have been reduced by half so thats why

[Akshay Jain]

guys dont go for no. of attempts.....please focus on accuracy.....there is nthin like safe no. of attempts....