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Re: JNU SIS 2013 Doubts

Posted by Akshay Jain on May 01, 2014; 8:04pm
URL: http://discussion-forum.276.s1.nabble.com/JNU-SIS-2013-Doubts-tp7587167p7588199.html

3.fix an amt of good say 1 unit is to be produced in both countries
now in country A
minimize cost = 70S+70L s.t.c f(S,L)>=1
minimum total cost=140
and in country B
minmise cost = 80S+60L s.t.c. f(S,L)>=1
minimum total cost=139 approx
cost in country B is less dan cost in country A
Akshay Jain
Masters in Economics
Delhi School of Economics
2013-15