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ISI 2017 PEB

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Halflife
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Re: ISI 2017 PEB

Halflife
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Diya
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Re: ISI 2017 PEB

Diya
I am getting 6750 as well. And that's why I chose A :/
Halflife
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Re: ISI 2017 PEB

Halflife
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Econ17
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Econ17
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Econ17
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Econ17
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Halflife
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Re: ISI 2017 PEB

Halflife
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Econ17
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Re: ISI 2017 PEB

Econ17
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Halflife
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Re: ISI 2017 PEB

Halflife
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Econ17
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Re: ISI 2017 PEB

Econ17
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Seecha
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Re: ISI 2017 PEB

Seecha
In reply to this post by Halflife
YAA EVEN I ALSO THIINK SO (D) IS CORRECT
Seecha
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Re: ISI 2017 PEB

Seecha
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ME..
Halflife
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Re: ISI 2017 PEB

Halflife
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Halflife
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Re: ISI 2017 PEB

Halflife
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Halflife
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Re: ISI 2017 PEB

Halflife
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Econenthusiast
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Econenthusiast
In reply to this post by Halflife
Oh no, not a problem at all!
Econenthusiast
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Re: ISI 2017 PEB

Econenthusiast
In reply to this post by Halflife
Halflife, the option tells that at every Pareto optimal allocation total milk production is 8000. How can that be ?, Pareto optimal allocations can be anywhere along the line x=y. Moreover even if we get 8000 whether or not that is the actual optimal allocation depends on the initial endowment.. Correct me if I'm wrong.
Algaeconomics
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Re: ISI 2017 PEB

Algaeconomics
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Yeah we assume that social improvement has happened if total surplus increase because then the increased surplus can be redistributed between the agents and everyone can be at least made better off..
Nak
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Re: ISI 2017 PEB

Nak
11- 14 anyone?
sneha
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Re: ISI 2017 PEB

sneha
In reply to this post by Halflife
@halflife In 3rd degree price discrimination,we equate the marginal revenues but here we cannot do so because in the second market e>-1 i.e -0.10 which implies the MR<0.Also, when we equate the marginal revenues we assume MC in both markets to be equal.But since MR<0 in 2nd case we cannot equate it to positive MC and hence to the MR in first market.

So,by the intuition that elasticity is more in the first market it is feasible to lower the price to ensure more profits and raise the price in the inelastic mkt demand. so option (D)

Hope you got it.
Halflife
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Halflife
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