Re: Daily question

Posted by Khushboo on Mar 03, 2009; 4:41pm
URL: http://discussion-forum.276.s1.nabble.com/Daily-question-tp2328964p2416333.html

1-  a) satisfy WARP
     b) satisfy WARP
     c) satisfy WARP

2-  the maximum value of Film music & dance event is X
    therefore, Kamal gt a surplus on Film music & dance event is (X-200) and maximum value on Classical music is 300, therefore, surplus on Classical music concert is 300.
   
   There is no any such situation arise that he will do neither, all depend on the value of Film music & dance event  bcz
   If X > 500, then he will attend Film music & dance event.
   If X < 500, then he will attend Classical music concert.
   If X = 500, then he will either attend Film music & dance event or he will attend Classical music concert.

3- Any allocation in which 10 choclates r distributed is pareto efficient. this is so bcz any movement from this allocation makes atleast 1 individual worse off. All d prices greater dan 0 shows competitive equilibrium.