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ISI PEB 2017 Answer Key

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ISI PEB 2017 Answer Key

Amit Goyal
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Q 1 (c) Upward sloping
Q 2 (c) Unanticipated, anticipated
Q 3 (a) IS curve was vertical and stuck at a low level of income
Q 4 (d) An increase in the savings rate has no impact on the steady-state growth rate.
Q 5 (b) Decreasing; Decreasing
Q 6 (d) Complete crowding out and no increase in equilibrium income
Q 7 (b) The IS curve is vertical and the LM curve is upward sloping
Q 8 (b) The larger the induced change in interest rates and smaller the responsiveness of investment to these changes.
Q 9 (b) The savings rate is exogenous in the former, but endogenous in the latter
Q 10 (b) It leads to lower level of output in the new equilibrium
Q 11 (a) Household R chooses technology A; household P chooses B
Q 12 (d) 1/4 ((K(t,r))^2 + (K(t,p))^0.5 - 2K(t,r)-2 K(t,p))
Q 13 (b) Income of household R grows perpetually while income of household P approaches a constant
Q 14 (b) Both households would have still invested in capital
Q 15 (b) (i) and (ii) remain unchanged; (iii) depreciates
Q 16 (b) u(x, y) = min(3x, 2y)
Q 17 (c) Reduced  her demand by 8.
Q 18 (c) 0.2
Q 19 (c) 18
Q 20 (a) Decreasing returns to scale and diminishing marginal product for factor x.
Q 21 (c) x = 2y
Q 22 (c) 9
Q 23 (b) A Pareto improvement could be achieved by having the government pay the firm a subsidy of 59 and insisting that the firm offer slops at zero price.
Q 24 (a) Raise p(2)
Q 25  There is typo in option(a). Correct answer is 6750.
Q 26 (b) Total milk production is 8,000
Q 27 Poorly stated question. Given the information, solution is D1 = 2.5 and D2 = 1.5
Q 28 (b) H1=14 and H2=16
Q 29 (a) 80 square meters
Q 30 (c) A straight line with slope 1/4 passing through the upper right corner of the box.
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Re: ISI PEB 2017 Answer Key

Daffodils
Sir, could you please explain no. 27?
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Re: ISI PEB 2017 Answer Key

Halflife
In reply to this post by Amit Goyal
Thank you so much sir
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Re: ISI PEB 2017 Answer Key

TheFlash
In reply to this post by Amit Goyal
Sir, will you be sharing PEA answer key as well?
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Re: ISI PEB 2017 Answer Key

Seecha
In reply to this post by Amit Goyal
thank you even i also got 27th answer same as yours
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Re: ISI PEB 2017 Answer Key

Seecha
In reply to this post by Amit Goyal
i am getting 19th answe. 9 and 22nd answer 18 . .... where i am doing mistakes ???
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Re: ISI PEB 2017 Answer Key

rawatanoop
The right answer for question 8 is a.
Also, I'm getting A for question 22. Amit sir, could you kindly explain?
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Re: ISI PEB 2017 Answer Key

Halflife
In reply to this post by Amit Goyal
Sir can you please clear a doubt.
Q.23) The total surplus is initially 44 and if the government gives that subsidy after that too its unchanged at 44 so how is it a Pareto improvement?
Thank you.
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Re: ISI PEB 2017 Answer Key

sumit raturi
Initially, The monopolist was earning -5 in case of price=7
If govt gives subsidy of 59 his profits are coming out to be +5 and since there is no variable cost associated with his cost function so it is pareto improvement
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Re: ISI PEB 2017 Answer Key

Asd1995
In reply to this post by Amit Goyal
Question 27 is solved easily if we replace rs. 50 with rs.  0.5.

Infact on googling the question you'll find the original question in a forum somewhere where it's given .50dollars. They just copied the question and changed rupees to dollars, and wrongly ignored the decimal.
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