isi prep

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Re: isi prep

Hargun
well, first plot isoquants of both plants for one unit output separatly on same graph. now these two will cross. the portion of the isoquant (where equation is z1=3) represents production in plant two only, because it produces one unit while plant one would have produced less. (similarly for portion z2=2, where plant one is used). this should explain why these two portions figure in the isoquant eqn with a union sign. next you can join the two points of the two isoquants where they are kinked. on all these input combinations both plants produce. try to find a random point on this portion and draw both plants' isoquants which pass through this point. you'l get the respective output quantities produced... i think.
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Re: isi prep

anon_econ
In reply to this post by SHIKHA
she just told me that she was given 2 questions to solve on the board. she was being given hints whenever she got stuck. and many others were given more than 2 questions.
from what i've heard last yr in delhi ppl were asked to solve questions on paper rather than on the board. let's c!

On Thu, Jul 5, 2012 at 11:40 PM, SHIKHA [via Discussion forum] <[hidden email]> wrote:
actually i dnt remember wat u wrote i tried to locate dt thread.bt couldnt find..can u write it again..


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