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Doubts DSE 2004
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Aranya
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Jun 07, 2014; 7:00pm
Doubts DSE 2004
http://economicsentrance.weebly.com/uploads/1/1/0/5/1105777/26_jun_2004_option_a.pdf
Qsn no 30, how to get prob of the event Y^3>1?????
Qsn no 21-23 how to proceed?
kangkan
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Jun 07, 2014; 7:15pm
Re: Doubts DSE 2004
30...it will be 2p^2...prob(X^2>1)= prob( |x|<1)=2p prob (y^3>1)=prob(y>1)=p (by symmetry of standard noraml distri).
there fore ans=2p*p=2p^2
kangkan
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Jun 07, 2014; 7:19pm
Re: Doubts DSE 2004
for 21 to 23...we see that |d(w)-s(w| is minimized at w(real wage)=1/2 ..therefore W=P/2 but we have a minimum wage floor ..hence it will be =max(W0,P/2)
Aranya
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Jun 07, 2014; 8:08pm
Re: Doubts DSE 2004
got it! thanks
SoniaKapoor
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Jun 08, 2014; 2:19pm
Re: Doubts DSE 2004
Q 20...i didnt get it :(
MA Economics
DSE
2014-16
Aranya
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Jun 08, 2014; 4:24pm
Re: Doubts DSE 2004
by equalizing demand and supply u can get eqlm wage rate, then find employment at that wage level.Real output will be a fn of that employment level!
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