Login  Register

Re: JNU SIS 2013 Doubts

Posted by Akshay Jain on May 02, 2014; 9:49am
URL: http://discussion-forum.276.s1.nabble.com/JNU-SIS-2013-Doubts-tp7587167p7588248.html

@ishita in country A the the (K,L) combination that minimize cost of producing 1 unit is (1,1)
and in coutry B he the (K,L) combination that minimize cost of producing 1 unit is ((3^1/2)/2,(2/3^1/2)
put these K,L combinations isocost equations of respective countries and u vl get the costs as 140 and 139(approx) respectively
Akshay Jain
Masters in Economics
Delhi School of Economics
2013-15