POST SAU : Let's discuss !!!

[E A Ibrahim]

I remember a question (seems to be easy but difficult to work out) that I got stuck.
It was about two price-taking firms producing a homogeneous output. The cost functions are c1= x1^2 and c2=3x2^2. The relation between price and quantity was asked. I think the options were p = x/2, p=3x/2 , p=2x/3 and some other answer. I made a wild guess since I could figure out anything. How did you fare?

[Anjali]

Yeah maybe 10th April.
I guess it will not be acceptable outside SAARC countries.
Yup I gave UOH exam. When will the results come ?

[Homer Simpson]

I got p = 2/3(x) for this. did p=mc for both and then added up.

[E A Ibrahim]

UOH exam was tough for me. I expect around 55. They say that result will be published on Apr 15.

[Anjali]

@Ibrahim ans was 2p/3

[don123]

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[AnonymousNow]

Let us not talk of UOH here its kind of confusing. Yup i wrote 2p/3 or 2x/3  too.. I am forgetting the answers  Hey there was one questn on Homothetic and homogeneous. What would that be???

[AnonymousNow]

They didnt ask which period model was Lewis model, but they stated an assumption that Lewis assumed and asked which period assumption it was and that would be Classical, though neo classical theorists used that assumption often

[Ashima]

Those were definitely homothetic since they were complements. Minima function given.

Homogenity no idea :(

[AnonymousNow]

@Amita Yup, that determinant would be zero, i remember doing something like 1-1=0
For the e^x differentiation question i did it -1/ ---- . It will be wrong maybe :-(
Yes 3 and 35, so 35.
I had not practiced maths lately, so i sucked in the maths part. There was no reasoning ques  Macro was tough for me too and am sure it was tough for all eco students as well.
In the Amartya Sen comprehension type question, what would the answer for entitlements be ? I wrote "Labour ability, non-labour endowments and the ability to buy or sell them "

I wrote "homothetic but not homogeneous" . Dunno if its wrong or ryt :-(

what will be the answer to that homosdascity question? I wrote Zero mean
and that Control Trial method" ?? I remember writing "to test mortality" or something.
And unbalanced growth theory , by Hirschman ryt??

[don123]

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[AnonymousNow]

@Anjali The degree will be acceptable everywhere if it is accepted by the highest accredition agency of its respective country. Hence SAU degree will be acceptable near any world university as UGC has given its consent. Plus as it is a cross-country University, it will be recognized more as it represents the SAARC nations, whose supervising member is U.K as well . Cheers!

[AnonymousNow]

The individual assumption of "unlimited supply of labour at subsistence wages" is a classical assumption which was used by some neo classical theorists. but it owes its origin to classical times  

[Ashima]

It will be classical! Yea me too marked homothetic but not homogeneous.

Can you please explain the 3 and 35 wala question Jaydee?

[AnonymousNow]

@baadshah Check this out if it opens correctly as I see it

http://books.google.co.in/books?id=Z887lsgjLuwC&pg=PT116&lpg=PT116&dq=unlimited+labour+under+subsistence+wage+is+a+classical+assumption&source=bl&ots=blm9waDWYq&sig=8cKshXkk-3M87751LqLzVeJXTHA&hl=en&sa=X&ei=YztCU5PkNIPJiAfq24CYCw&ved=0CEcQ6AEwBA#v=onepage&q=unlimited%20labour%20under%20subsistence%20wage%20is%20a%20classical%20assumption&f=false

[Ashima]

Jaydee : High Five :)

[AnonymousNow]

@ashima I will need the question to explain as it involved maths, all i remember is 3 and 35 and opting for 35. And I am trying to recall all the possible Questions before I totally mix them up.  

[Ashima]

I remember I marked it as 3, must be 2 points, I dint check where the maxima was.

Shit :(

[AnonymousNow]

Hehehe! Hey there was one questn Q= K 0.5 L 0.5 (raised to the power) . I wrote K=80 n L=20 i think. Or it is ulta ??? :-(

[Ashima]

It had to be P(K)/P(L)= MRTS

So MRTS had to be 1: 4.

I don't remember what I marked.

Anyone?