Gokhale Model Paper I

[Anjali]

For 8th A
I am not sure of the explanation , but I did read it somewhere.

[Granpa Simpson]

Sorry Anjali it was my error.. i meant d only for the kinked demand curve model, but by mistake i wrote b..again the logic remains the same, since it is a form of price competition so the other firms do not react on price increase while they react when there is a price decrease. This occurs because the demand curve is highly elastic above the kink while it is inelastic below the kink.

[SoniaKapoor]

anjali...how did u get 35 as c?

[SoniaKapoor]

Negative Binomial distribution is general case of :
a) Binomial Distribution
b) Geometric Distribution
c) Poisson Distribution
d) None of the above

Geometric distribution is a particular case of
a) Binomial Distribution
b) Negative Binomial Distribution
c) Uniform Distribution
d) Hyper geometric Distribution

[Anjali]

Geometric distribution is a particular case of negative binomial distribution .
Dunno about the general case - maybe its geometric distribution.

[jack]

@Anjali
please explain sec.A-Q.4

[Ashima]

Anjali since the tax is increasing more than the income isnt it a harsh tax, making it regressive.

Can you please explain 14 15 35 and 36.Please.

[Ashima]

Sorry 15 16 and 35 36 . Anjali?

[Ashima]

8th is b.

[Anjali]

Which section , Ashima ?
And , are you sure that 8th is B ?

[Anjali]

Use this jack :
( a+0.12a ) * 3 = 1092
Find a , that's the ans

[Ashima]

Okay I am sorry, 8th whcih section?

And 35 36 that IS LM one.

[Anjali]

8th from section B

[Ashima]

Thanks a tonne :)

And if we are talkinh about 8th section c then its b.

[Tanya47]

Could someone explain m,e the calculations for Q.31 (section-B)

i see the answer is 2900 - but i cant figure out how

[sonal dhawan]

section b q19:Assume that there are 100 markets in an economy. Prices have adjusted so that 98
markets are in equilibrium. Then Walras’ Law implies that
a) also the remaining two markets are in equilibrium
b) it is impossible that both remaining markets display excess demand
c) the market prices in the remaining two markets have to fall
d) the market prices in the remaining two markets have to rise

ans to this ques should be b rite?

[rongmon]

Yes, b is correct.

[sonal dhawan]

Thanks

[akanksha]

can somebody please try this q..plzzz explain also..thanks :)

13) The demand for spring water is given by P = 1000- Q. Assume that the cost of
production to be zero. What is the equilibrium price for the industry if there are four
firms in the industry?
 a) Rs. 800
 b) Rs. 200
 c) Rs.100
 d) Rs.1000

[Goku]

can someone please expain these questions
section B: 7,8,9,10,13,15,16,20,31,32
Section C: 6