DSE @2008-Paper discussion Please join

[kangkan]

@akansha..you must have derived the Labor demand eqn in the 1st part of the question

[sarawagisruti]

Could somebody please post the solution for ques 16..
Thanks

[Ridhika]

What is the meaning of question 20?!?

[kangkan]

the sum of forces should cancel out..i think it will be four...at spaceing of 90 degrees each.

[Granpa Simpson]

@Kangkan: Do we need to revise high school concepts of physics too...??like the resultant force vector and all dat..??

[kangkan]

i dont think so...it will be too much to do for 1 question in ten years..we can rationally ignore it:)

[Granpa Simpson]

Yes dats wat is known as Rational Expectation i guess..nywa thanks Kangkan for the solution..

[neha:)]

7. Suppose a consumer has a utility function U = min (x+y, 2y). He maximizes his utility subject to his budget constraint and consumes (x*, y*) = (3,3). Which one of the following statements must be true?
a. price of x is necessarily equal to price of y
b. price of x is double the price of y
c. price of x is less than or equal to price of y
d. none of the above.
 

[Akshay Jain]

[neha:)]

Thanks Akshay!

[Akshay Jain]

Your welcome neha...:)

[yuganshi]

How to approach Ques 16... post the working if anyone has done it...

[yuganshi]

For ques 20  it should be three according to the theory of tripod... hence ans is b

[rongmon]

Hey, can you share the workings for Q17?

[rongmon]

Q6. i seem to be getting imperfect substitutes, please clarify?

[Arushi :))]

the given utility function is monotonic transformation of U = ( x + 2y ) so perfect substitutes

[rongmon]

But shouldn't the MRS be equal to 1 for perfect substitutes?

[Arushi :))]

perfect substitutes means constant MRS ..

[poorva]

can someone please post working of ques 17 dse 2008

[dukhi jon snow]

assume the y as constant like y=a for convenience and then differentiate partially wrt to x in implicit form and at finally replace "a" with y