Re: Points of discontinuity (holes and vertical asymtotes)

Posted by soimmoi on Dec 16, 2017; 5:39pm
URL: http://discussion-forum.276.s1.nabble.com/Points-of-discontinuity-holes-and-vertical-asymtotes-tp7608497p7608524.html

An individual who spends his entire income purchasing 2 goods is seen to purchase the following bundles of 2 goods in three situations:
Bundle A : (100,10)  When prices of good are (1,10)
Bundle B : (50,15)    "        "        "   "      "     (5,1)
"          C: (40,20)     "         "       "   "      "     (4,4)
Is is possible to infer prefrence over bundle A,B,C??   i think so yes A preferred to both B & C. can't say anything about b&c preference order.

Q2) Given:
Depreciation allowances 200
 Personal (direct) tax payments 250
 indirect business taxes 200
 corporate (profits) taxes 100
 Dividend Payments 50
 undistributed profits 50
 Government transfer payments 200
 personal consumption expenditure 1200
 personal savings 100

Calculate:
1) personal income
2) Net national product
3) national income
4) Gross national product