Solve this micro question

[vandita24x7]

[Arushi1]

The answer is b?

[ashutosh]

Is it c. by any chance ?

[ashutosh]

Sorry! Even I am getting b. I mistakenly took the natural log before so got c.

[Arushi1]

Heyy Ashutosh,

Whats your approach? I integrated the function. Not very sure though :s

[Shefali]

Vandita..is ths Jnu Phd exam paper??

[Arushi1]

Cool. Thanks :)

[vandita24x7]

from where r u ppl getting log ?!?! . Please show your approach.

On Thu, May 1, 2014 at 10:40 PM, Arushi1 [via Discussion forum] <[hidden email]> wrote:

Cool. Thanks :)

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[Arushi1]

Hey Vandita,

Consumer surplus is the area below the demand curve and above the price.
The given function is a rectangular hyperbola. Rearrange it in terms of price and quantity demanded and then integrate it, first from 0 to e and then 0 to e^2 and then subtract them to get the change in consumer surplus.
Thanks.

[vandita24x7]

yeah correct. :)

On Thu, May 1, 2014 at 11:44 PM, Arushi1 [via Discussion forum] <[hidden email]> wrote:

Hey Vandita,

Consumer surplus is the area below the demand curve and above the price.
The given function is a rectangular hyperbola. Rearrange it in terms of price and quantity demanded and then integrate it.
Thanks.

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