Alix views coffee and cream as perfect complements. In the first period, Alix picks an optimal bundle
Question:
Alix views coffee and cream as perfect complements. In the first period, Alix picks an optimal bundle of coffee and cream, e1. In the second period, inflation occurs, the prices of coffee and cream change by different amounts, and Alix receives a cost-ofliving adjustment (COLA) based on the Consumer Price Index (CPI) for these two goods. After the price changes and she receives the COLA, her new optimal bundle is e2. Show the two equilibria in a figure. Is she better off, worse off, or equally well off at e2 compared to e1? Explain why. By how much will a CPI for these two goods differ from the true cost-ofliving index?
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See the following figure Alix is equally well off at e 2 compared to e 1 Even ...View the full answer
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Somenath Mukhopadhyay
After working for almost twenty years in the corporate software job, i have started training students in software. I have been doing it for the last 5 years. Among my students there are many kid-students and i am proud to say that these kid-students are doing really good in programming. Some kid-students are as young as 7-8 years of age and they explore quite advanced software subjects. Many of these students have their Google Play store profile. I teach them Java, Android, UML, Design Pattern, Scratch and many more. Here are the Google Play store profiles of some of my kid-students:
- https://play.google.com/store/apps/developer?id=Ridit+Mukhopadhyay&hl=en-GB
- https://play.google.com/store/apps/developer?id=Srijan+Sengupta&hl=en-GB
- https://play.google.com/store/apps/developer?id=ShreyasCoder&hl=en-GB
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Here are some of the videos of my kid-students taking software classes -
- https://youtu.be/NBTN9vfE9sE
- https://youtu.be/Ku_jJQTbTD4
- https://youtu.be/vmOf81W0414
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Here is the video of an impromptu Q & A session in my classroom
- https://youtu.be/GHavJXDHBQQ
- Here is my technical blog for advance learners:
http://som-itsolutions.blogspot.com/
I believe in hands-on knowledge and hence i stress on learning by doing. Come and enjoy the joy of learning.
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