Nov
30
revised Visualization tools for game theory: Game trees
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Nov
30
answered Visualization tools for game theory: Game trees
Nov
23
comment Short Run Total Cost function Question
You're right, this production function does not make much sense because $F(K = 0,L) < 0$ for $L < 1$. You can have an additional constraint that at least one unit of labor must be hired i.e. $L\geq 1$ to get away with this problem.
Nov
19
comment How to show that the estimator is consistent?
The next step is to infer that what you have is not a consistent estimator. The reason is $\frac{U_3-U_2}{X_3-X_2}$ does not vary with the sample size and will always have the same variance.
Nov
15
comment How can I prove that the following estimator is biased?
For convex function $g$, $\mathbb{E}(g(X)) \geq g(\mathbb{E}(X))$. If $g$ is strictly convex then inequality is strict: $\mathbb{E}(g(X)) > g(\mathbb{E}(X))$.
Nov
15
comment How can I prove that the following estimator is biased?
Use Jensen's inequality
Nov
13
answered Kuhn Tucker Maximization
Nov
13
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Nov
11
revised Efficiency conditions for externalities
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Nov
10
revised Efficiency conditions for externalities
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Nov
10
answered Efficiency conditions for externalities
Nov
9
revised Corner solution of the maximization problem
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Nov
4
revised Does quasi-concave utility function imply convex indifference curve?
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Nov
4
comment Does quasi-concave utility function imply convex indifference curve?
"Convex" indifference curves does not imply quasiconcave utility function. Consider $u = -xy$, $u$ has convex ICs but it is not quasiconcave.
Nov
4
answered Does quasi-concave utility function imply convex indifference curve?
Nov
1
answered How is the utility function with constant relative risk-aversion obtained?
Nov
1
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Oct
30
comment Why is the nature of graph of utility function different from indifference curve?
You can refer to qr.ae/TWvVSr for answer.
Oct
29
awarded  Announcer
Oct
29
awarded  Announcer