how was jnu sis???

[hs]

it was a coz point probability is zero in uniform distribution

[The Villain]

0,0.5 for uniform

[ishita1793]

i left one...but i must have many wrong answers... for uniform distn i marked 0.1 for x=5 and 0.5 for p less than 5....

not sure of the answer.

[hs]

guys in balance of trade question sholdnt the answer be both inlastic offer curves

[Granpa Simpson]

No that answer is based on marshal lerner condition which states that the balance of trade will increase if the sum of elasticities is greater than 1.

[hs]

both inelastic curves can have sum equal to 1 as well

[Granpa Simpson]

But that may not occur as well, it will be unchanged when equal to one and will get worsened if the sum of elasticities is less than 1.

[ishita1793]

mpc answer guys?

[Granpa Simpson]

For the PCC one, the answer will be elastic demand of x.

[Arushi :))]

I remember 21 questions out of 25 :P
i am writing them down for the convenience of the discussion
1. Lim x tend to 3 f(x)
2. Multiplication of matrices
3. singular matrix
4. inflection point
5. finding out point elasticity
6. Minimum average cost
8 Monopolistic competition
9. relation between AD and IS curve
10. Keynes, pigou effect
11. Effect of money supply increase on countries with large and small MPC
12. offer curve elasticity for effect of devaluation
13 Price offer curve parallel to  ais
14. probability on circular table
15. probability of at least on 6 on die
16. Uniform distribution
17. question on stoper simaleson th on real reward
18 increase in land supply
19. ricardian model
20. free trade policy
21. on derivation of AD curve

[Arushi :))]

the option was infinitely elastic dd for x,
which means that for small change in prices there is large change in demand
so if PCC is horizontal that nowhere implies how much is the change in demand ...so how can it be infinitely elastic ???

[Arushi :))]

@ ishita, For MPC i think its a.. larger increase in income and smaller decrease in interest rate

[Arushi :))]

What was for 17, i guess it was increase in real reward of capital :/

[Granpa Simpson]

it cant be infinitely elastic, sorry by elastic i meant e=-1..

[Arushi :))]

okay .,and for the real reward?

[Granpa Simpson]

http://wps.aw.com/aw_perloff_microcalc_1/76/19536/5001428.cw/content/index.html

[Granpa Simpson]

Not sure but according to SS theorem it shud the one that you market, real reward for capital.

[Arushi :))]

okay :) and what is the expected cut off generally for this paper??

[Granpa Simpson]

for PCC check this link...http://wps.aw.com/aw_perloff_microcalc_1/76/19536/5001428.cw/content/index.html

[Arushi :))]

I have seen ..  :(((((((((