Re: DSE 2007-paper Discussion

Posted by mrittik on May 30, 2014; 12:34pm
URL: http://discussion-forum.276.s1.nabble.com/DSE-2007-paper-Discussion-tp7591092p7591093.html

No baba Kangkan...have u heard abt Duality....basically Utility Fn & Prod Fn both are same....so 2K=3L=>K=3/2 L

41. have u idea of Quasi-convexity or The upper Contour part of Utility Fn where more of goods are better...by easy visualization of more quantity demanded you may find that Opt B is the right thinking.

44. You may use the easy one...(-1-alpha, 1+ alpha)=>[-1,1]....moreover as per the rule of Sequence states that intersection of infinite open sets is closed set. This property contra-intuitively states that union of infinite closed sets is open sets=> this idea gives you the prob 45.