PS1 - UCLA Economics 11 Fall 2009 Professor Mazzocco...

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UCLA Economics 11 – Fall 2009 Professor Mazzocco Problem Set 1 Due by October 8 before 9:00am in Room 8271 (8 th Floor of Bunche Hall) 1: Unconstrained Optimization (1 exogenous variable) Find the value of x that maximizes y =100−(4−7 x ) 2 . Make sure it is a maximum by checking the Second Order Conditions and plotting the function. 2: Unconstrained Optimization (2 exogenous variables) Find the values of ( x 1 , x 2) that maximizes the expression y = 9x 1 1/3 x 2 1/3 –3 x 1 – 3x 2 3: Constrained Optimization (2 exogenous variables) Find the values of ( x 1 , x 2) that maximizes the expression y=20x 1 1/2 x 2 1/2 subject to the
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This note was uploaded on 11/20/2009 for the course ECON 180052110 taught by Professor Mcdevitt during the Fall '09 term at UCLA.

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