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## Re: SIS 2014 Answer key

 These are the answers I have got. Please cross check and post if any of you get different answers. Also please explain the unanswered questions. 1) 2) c 3) b 4) a 5) a 6) d 7) b 8) b 9) c 10) b 11) b 12) 13) d 14) c 15) 16) a 17) c 18) a 19) 20) a 21) 22) 23) 24) a 25) b
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## Re: SIS 2014 Answer key

 In reply to this post by nishtha92 m getting  these  ans 22-c       12-a        19-b i thnk m not sure nd     for 9-a can u plz tell me how u got c
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## Re: SIS 2014 Answer key

 In reply to this post by nishtha92 @nishtha92 Answer 8 is d. because in Long run P = AC but not minimum. long run profit not possible under any competitive market.
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## Re: SIS 2014 Answer key

 In reply to this post by nishtha92 I got these answers for, 1.   D, for continuous f(x) = lim, but info on limit is given and not on the value of function at x=3, so D 12. D, Since, uniform distribution fu. then P.M.F. = 1/10 15. C, just add xf(x) for x=1,2,3,4,5 I am getting D for 8, A for 10, B for 18 and can't solve 19,21,22,23,24. Please, explain.
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## Re: SIS 2014 Answer key

 In reply to this post by cheese For 9, from the revenue function you can find out the value of x when MR is 20. R=PQ so if you divide the revenue function by Q, you get the demand function. Using demand function find out the price and then elasticity.
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## Re: SIS 2014 Answer key

 In reply to this post by dhruv @dhruv, thanks for 1, 12 and 15. 8 is d. My mistake. For 10, i think it should be b because if the price consumption curve is parallel to x axis, this means that the points of utility maximisation (where indifference curves touch the budget lines) are in a straight line parallel to the x axis. This means that with the change in price, value of x is changing but value of y remains same. Hence, y has zero elasticity. For 18, govt spending is a component of AD. Hence it will shift if there is a change in govt spending. I think it should be a. I am not sure abt 24. Let's wait for other's point of view.