# ISI ME II 2014

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## ISI ME II 2014

 Let's discuss about the solutions of isi 2014 eco part..
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## Re: ISI ME II 2014

 ques 5 (b) part pls explain
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## Re: ISI ME II 2014

 @neha 1  did you solve 5(a). I'm getting q1=q2=3 and p=4 at cournot equilibrium.
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## Re: ISI ME II 2014

 ya i got the same answer
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## Re: ISI ME II 2014

 In reply to this post by Spiti what is the answer for ques 2  (i) a=b=20 and ( ii) a=b=5 pls check
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## Re: ISI ME II 2014

 Q2 a) i) a=10 b=10          ii)a=5 b=5 Q3a) i)π*=532.5 What about Q3b?
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## Re: ISI ME II 2014

 How is q2 a) i) a=10 and b=10?  pa=pb=1 and budget constraint is a+b=40, MRS=1 we should get a=b=20 right?
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## Re: ISI ME II 2014

 In reply to this post by Dreyfus How did you solve Q3a) I) ?   The problem is of 3rd degree price discrimination right?
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## Re: ISI ME II 2014

 In reply to this post by Dreyfus How did u solve 3 a , plz explain..
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## Re: ISI ME II 2014

 In reply to this post by Spiti a=10 b=10 are satiation point....beyond that mu of each will decline....
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## Re: ISI ME II 2014

 In reply to this post by aman I used simple optimization with combined profit function and constraint being Ds+Dn=150
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## Re: ISI ME II 2014

 When you say combined profit function, what exactly do you mean? Did you not employ third degree price discrimination?
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## Re: ISI ME II 2014

 From combined profit function I mean...the total of profit from students and non students customers....in this case there is no total cost associated therefore total revenue from each type of customer is the individual profit function that means total profit =Total revenue from students + total revenue from non students....and yes of course its third degree price discrimination....
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## Re: ISI ME II 2014

 Well, thank you. For Q3)b) the maximum profit is same as in sub question a, i.e. 532.5 but prices and demand of students and non students are interchanged. Please confirm of you are getting the same.
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## Re: ISI ME II 2014

 Sorry not 3b, 3a(ii)
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## Re: ISI ME II 2014

 In reply to this post by Spiti For 3a.ii) i am nt getting what exactly they mean my interchanging demand func.....
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## Re: ISI ME II 2014

 I understood it as Ds=140-20Ps and Dn=220-40Pn. Only interchanging s and n. Actually no brainer though.
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## Re: ISI ME II 2014

 In reply to this post by Dreyfus For Q4a (i) K=24 I'm getting q=8 and p=12              (ii) K =18 q=6 and p=14
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## Re: ISI ME II 2014

 In reply to this post by aman someone plz tell how o proceed with this 5) b part..