Re: Mphil JNU 2014 CESP Paper Discussion

Posted by Ayushya Kaul on May 11, 2016; 4:30pm
URL: http://discussion-forum.276.s1.nabble.com/Mphil-JNU-2014-CESP-Paper-Discussion-tp7600412p7600649.html

Well that definitely makes more sense. Thanks for helping me out on that one :) 
Any idea about the others?

On Wed, May 11, 2016 at 11:43 AM, Mauli [via Discussion forum] <[hidden email]> wrote:

For q 4 it would follow by transitivity.
If you draw a figure in which the indifference curves cross. Say the point of intersection of the two ICs is C .
A is a point on IC' and B is a point on IC".

The consumer would be indifferent between A and C and between C and B. So by transitivity he would be indifferent between A and B. But one of the points either A or B would have more of both goods , so positive MU would imply that he prefers that point to the other.

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