Re: ISI 2015 PEB Sample Question 5

Posted by onionknight on
URL: http://discussion-forum.276.s1.nabble.com/ISI-2015-PEB-Sample-Question-5-tp7596064p7596074.html

I could only solve the first part. Just minimize the cost subject to Q=LM+LF and you would get elasticity of male labor supply=εM=2.
I face the same problem as you do while solving the second.