Re: DSE 2011 and 2012 Doubts

Posted by riddhima on Jun 25, 2013; 5:19pm
URL: http://discussion-forum.276.s1.nabble.com/DSE-2011-and-2012-Doubts-tp7582723p7582927.html

Hey Duck!

Thanks a ton really, its a gem of a link that you just sent me!

I tried and tested what you has said in your earlier post, what I concluded was in the first case when p1 = p2 = 20, the solution at kink x1= x2 gives a higher utility compared to the other options 

while the second case where p1/p2 we do have an identical utility, but then cant we rationale it with the fact that a consumer always prefers to consume the average of the two goods rather having just one even if the two such bundles give him equal utility?

On Tue, Jun 25, 2013 at 3:31 PM, duck [via Discussion forum] <[hidden email]> wrote:

Hi Riddhima.. :)

Please refer the following link:
http://economicsentrance.weebly.com/uploads/1/1/0/5/1105777/notes_1.pdf

:)

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Riddhima Mishra