Hi eco16, just saw this thread.
Yes, I solved the maximisation question. The solutions are the values of x and y on the points of intersection of the axes and the constraint for me. What answer did you get?
I tried the langrangean multiplier method. Didn't work, so I used the simplistic plotting the constraint method and got something like y=10 and x=0 as far as I remember.
What do you think will the cutoff for section A be? That's the part I'm worried about!
Okay, we can just wait for the results.
I actually don't remember the questions now but I know lexicographic preferences but not the other two.
Did you give SIS one too?
jnu sis 2016, In presence of assymetric and incomplete information about wealth distribution in economy, which of following instruments should government use to promote it's equity objective?
a) a system of indirect tax b) a system of personalized lumsum tax / transfers c) Uniform lum sum tax/transfers d) none of the above