Re: DSE 2009 Paper Discussion

Posted by Ridhika on Jun 23, 2014; 1:32pm
URL: http://discussion-forum.276.s1.nabble.com/DSE-2009-Paper-Discussion-tp7590860p7593425.html

Basically I assumed that since preferences are convex he will always consume all of the book fund . So x=5 is certain. Then his utility function became  u = (5+x)^(1/5)(y)^(4/5) and in bc I only took y=750.. 

----- Reply message -----
From: "SoniaKapoor [via Discussion forum]" <ml-node+[hidden email]>
To: "Ridhika" <[hidden email]>
Subject: DSE 2009 Paper Discussion
Date: Mon, Jun 23, 2014 6:40 PM

How u got utility as  u = (5+x)^(1/5)(y)^(4/5)

---

If you reply to this email, your message will be added to the discussion below:

http://discussion-forum.2150183.n2.nabble.com/DSE-2009-Paper-Discussion-tp7590860p7593422.html

To unsubscribe from DSE 2009 Paper Discussion, click here.
NAML