PS1A - Proble Set 1 An em nswers 1, 2, 3, 4. sor rular...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
5. 6. 7. 8. 9. 1, 2, 3, 4. sor q5a.pdf q6a.pdf We should ܯܴܵ ൌ 1C/1F, i.e is not opti a. ܯܴܵ b. No, Con cons c. We i i We have diminishin that poin consumpti consumer at the opti rular cevap1 d check if the . MR . ଵଶ ଶସ , wh mal. ܵ ൌ ெ௎ ெ௎ because if th suming from sumer has no are looking f i. Is a mon ii. Also a m ii. Not a mo iv. Not a mo increasing ng MRS. Se nt A is ion bundl will not con mal consump Proble .jpg’de. e optimality RS at 12 bot hile the price ଵ଺ ସൈହൈ he consumer each such t o reason to co for monoton notonic trans monotonic tra onotonic tran onotonic tran MRS inste ee from the not an o le. Hence nsume both ption point.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online