Re: JNU 1997-2001 Doubts

Posted by Bin on May 09, 2014; 6:05am
URL: http://discussion-forum.276.s1.nabble.com/JNU-1997-2001-Doubts-tp7589058p7589100.html

Tsuki, I have some doubts relating to the questions.

2. Shouldn't it be 25% -GDCF/GDP at MP *100?

7. How do you do this? On substituting the values in the equation, no values satisfy the equation;then how?

8. Shouldn't it be a? Income after rise= Rs170 Price after Inflation= 150+150*20%=Rs 180 Total fall=Rs180-170/100=10%?

9. Shouldn't it be nlogx?

10. Shouldn't it be n/x?

11. Won't it be a) constant returns to scale?If not, how?

12. Please explain

13. Dornbusch explains real exchange rate =nominal exchange rate*Price Abroad/Price Home while Mankiw explains the same as nominal*Price Home/Price Abroad. Which is right?

14, 15. How?

17. Won't output fall? b)

20. 23. Please explain

26. Can't it be a also? Won't monopolist earn supernormal profits in the long run?

28. Please explain the method.