201Fall00Exam - University of California, Berkeley...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: University of California, Berkeley Economics 201A Fall 2000 Final Examination Instructions: You have three hours to do this examination. The exam is out of a total of 300 points; allocate your time accordingly. Please write your solution to each question in a separate bluebook. 1. (75 points) Define or state and briefly discuss the importance of each of the following within or for economic theory: (a) Brouwers Fixed Point Theorem (b) a theorem on the existence of approximate Walrasian equilibrium, when preferences are nonconvex (c) Index Theorem (d) a theorem concerning the cores of exchange economies with many consumers (e) incomplete markets 2. (75 points) Tom Hanks is the sole owner of a firm with access to the production technology Y = { ( y 1 , y 2 ) : y 1 , y 2 y 1 } Hanks endowment is (1 , 0). Hanks has the Cobb-Douglas utility func- tion u ( x 1 , x 2 ) = x 1 x 2 . There are no other firms or consumers in the economy. Find a Walrasian equilibrium ( p , x , y )....
View Full Document

This note was uploaded on 08/01/2008 for the course ECON 201B taught by Professor Anderson during the Spring '06 term at University of California, Berkeley.

Page1 / 4

201Fall00Exam - University of California, Berkeley...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online