Re: doubts

Posted by shashi on Jun 14, 2009; 4:23pm
URL: http://discussion-forum.276.s1.nabble.com/doubts-tp3019376p3076114.html

im answering few of ur question that are short

2004...6) max u2 st u1
 
999-x1=1000-y1
=) y1=x1+1
ans-D
TRY TO DO THE SAME WITH Q3 U WILL GET C-ANS


2004)...7)    AS SUPPLY OF Y IS GREATER THAN TOTAL DD OF Y ,SO PY=0

(PX,PY)=(1,0).....THIS IS SHORT EXPLANATION IM PROVIDING JUST TAKE A CAREFUL LOOK AT THE CONCEPT OF DEMAND,UTILITY,EXCHANGE FROM VARIAN AND ITS WORKBOOK TO CONVINCE UR SELF