DSE 2004,2005

[Swati jain]

PLS..CAN ANYBUDY TELL ME HOW TO GO ABT IN QUESTIONS
2004-Q30
2005-Q14,23

[shradha]

hey hi m shradha u askd 4 ques23 0f 2005. its ans is3. let p=3/4 and q=1/4.
so expectd value= 2 to the power1*p+ 2 to the power2*q*p + 2 to the power3*q*q*p+...... nw solve this equation u'll get the ans..
yr i want to knw hw did u post ur questions on this forum.??? m unable to do so... plz tell m..

[shradha]

hey hi m shradha u askd 4 ques23 0f 2005. its ans is3. let p=3/4 and q=1/4.
so expectd value= 2 to the power1*p+ 2 to the power2*q*p + 2 to the power3*q*q*p+...... nw solve this equation u'll get the ans..
yr i want to knw hw did u post ur questions on this forum.??? m unable to do so... plz tell m..

[duck]

Q14 of 2005>


budget line would be>>

L+3(x-8)/2 = 16

put x=L (as utlity is min demand function)

u will get x=L= 11.2

:)

[Swati jain]

thanx a lot... hv u sloved papers 2001-2003...

On Thu, Jun 17, 2010 at 7:46 PM, Nidhi Jain [via Discussion forum] <[hidden email]> wrote:

Q14 of 2005>


budget line would be>>

L+3(x-8)/2 = 16

put x=L (as utlity is min demand function)

u will get x=L= 11.2

:)

Nidhi Jain

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[duck]

no yaar.. :)

[Swati jain]

thanx alot... its simple jst click on new topic and write your question in the box provided..

On Thu, Jun 17, 2010 at 6:16 PM, shradha [via Discussion forum] <[hidden email]> wrote:

hey hi m shradha u askd 4 ques23 0f 2005. its ans is3. let p=3/4 and q=1/4.
so expectd value= 2 to the power1*p+ 2 to the power2*q*p + 2 to the power3*q*q*p+...... nw solve this equation u'll get the ans..
yr i want to knw hw did u post ur questions on this forum.??? m unable to do so... plz tell m..

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[shradha]

thanks swati. yaar hv u done general eqbm ques of 2006?? m bit unclear in dis concept.. can u help me out??

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From: SWATI JAIN [via Discussion forum] <[hidden email]>
To: shradha <[hidden email]>
Sent: Thu, June 17, 2010 8:11:55 PM
Subject: Re: DSE 2004,2005

thanx alot... its simple jst click on new topic and write your question in the box provided..

On Thu, Jun 17, 2010 at 6:16 PM, shradha [via Discussion forum] <[hidden email]> wrote:

hey hi m shradha u askd 4 ques23 0f 2005. its ans is3. let p=3/4 and q=1/4.
so expectd value= 2 to the power1*p+ 2 to the power2*q*p + 2 to the power3*q*q*p+...... nw solve this equation u'll get the ans..
yr i want to knw hw did u post ur questions on this forum.??? m unable to do so... plz tell m..

---

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[tim]

hey guys do u hv answers to dse 2003 ??

[Suneja]

@dUCK
L+3(x-8)/2 = 16

put x=L (as utlity is min demand function)
u will get x=L= 11.2

This is the case for x>8
why dont we take the case wen x<=8
then budget constrain will be L+x=24   (do we assume prices to be unity for both the goods here?)
putting L=x, we get L=x=12 wic is more than 11.2
so why not choose this

[duck]

Hi Suneja.. :)

x= Number of hours spent in gathering Coconuts(C)

If you consider the case when x<= 8
then x=L=12 and C=x=12
This implies U= min{C,L} = 12

But when x>8
we're getting x=11.2 and L=C=12.8
Therefore, U = 12.8

Note: Sorry, there is an error in the previous post dated 17June,2010.
Correct Solution:
When x>8 , we have
=> C= 8+3(x-8)/2   [Its given]
=> 3x- 8= 2C
We also know x+L = 24 and as the utility function is U=min{L,C} , So we have L=C
Therefore, we'll get L=C= 12.8 and x=11.2