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ASSIGNMENT 2011-12
School of Social Sciences Indira Gandhi National Open University Maidan Garhi, New Delhi-110 068
Before attempting the assignments please read the instructions provided in the programme guide sent to you separately.
Submission: The completed assignments should be submitted as per the following schedule:
Assignment Nos. Assignment-1(TMA) July 2011 Session Assignment-1(TMA) January 2012 Session
Where to Send The Co-ordinator of your study centre. The Co-ordinator of your study centre.
30.9.2012
ASSIGNMENT-1 TMA
Programme: BDP Course Code: EEC-05 Assignment Code: EEC-05/TMA/2011-12 Max. Marks: 100
2x20 = 40
Discuss the importance of the Hawkins-Simon conditions in input-output analysis. Consider the following two matrices:
A=
-1 1 2 1 -1 -2 -2 2 4
B=
1 0 -1 1 1 -1
-1 1 -1
Find the rank of A & B Show that (AB)-1 = B-1 A-1 Show that (A-1)-1 = A Show that (B)-1 = (B-1)
Consider the following Macro-Model (Multiplier Accelerator Interaction): Yt = Ct + It + Gt Ct = C0 + Yt-1 It = I0 + ( Ct Ct-1) Where 0 < < 1 ; > 0 ; and Gt = G0 (i) (ii) Find the time path Y(t) of national income, and Comment on the stability conditions
4.
An individual consumer consumes two commodities X1 & X2. The utility function is
0 0 U X 1 .4 X 2 .6
The price of commodity one is P1 = Rs.3.00, the price of commodity two is P2 = Rs.4.00, the individuals income per period is Rs.108. Using lagrange multiplier technique determine the utility maximizing level of X1 & X2. B. Medium Answer Questions (Answer three questions) 5. Solve the initial value problem. The differential equation is
d2y dy 2 10 y 0 dx dx2
3x12=36
Given Y(0) = 4 dy (0) = 1 dx 6. Let Z = f(x,y) = 3x3-5y2-225x + 70y + 23. (i) (ii) Find the stationary points of z. Determine if at these points the function is at a relative maximum, relative minimum, infixion point, or saddle point.
7.
8.
9.
1 1 1 .......... 2 3 4
2. 3.
1 a a 2 ........
1 1 1 .......... 2 3 4
4.
10.
How long will it take a given sum of money (Say in Rupees) to increase 4 times its present value when compounded half yearly at 7% rate of interest? 3x8=24
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12.
If the demand function for a good is Q=140 5P, what is the price elasticity of demand at P = 15 rupees? If Z = f(x,y) = xy Find the maximum value for f(x,y) if x & y are constrained to sum to 1 (That is x+y = 1). Solve the problem in two ways: By substitution and by using the Lagrangian multiplier method.
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14.
15.
Determine the characteristic roots and the characteristic vectors of the matrix 2 2 1 0
A= 16.
Distinguish between direct input use and indirect input use in input-output analysis. Do the same for the Matrix. 1 B= 2 1 0