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36.

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What are the ಜಃ! 1111111111

Discuss the assu mptians of mpuat-output model,

Rhastra 1 1 MR with the help of @ dingram
te the relatianship between AR anc hn the hel} தக்க 80 marks)
Part D
Answer any two questions.
Bach question carries 12 marks.
rfect competition.

State and illustrate the conditions for the equilibrium of a firm under pe

omogenecous production function of degree

Prove that Cobb-Douglas production function is a linear h
ane. Identity and prove its other important properties.

Find solution to the linear programming problem using graphical method :

MaximizeZ = X, + 1.5X¢
subject to the constraints
2X, + 2X2 316
೫| + 23 312
4X, + 2X_ 5 28
) ೫ 20.

Determine the relation between price and elasticity under monopoly market.
(2 x 12 = 24 marks)