100A Final Exam FA07

100A Final Exam FA07 - Econ 100A: Microeconomics, Fall...

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Econ 100A: Microeconomics, Fall 2007, Dr. Famulari Final Exam: 325 points total Name_______________________________________ Student Number__________________ Question # Points 1 /80 2 /30 3 /40 4 /45 5 /30 6 /30 7 /45 8 /25 Total /325 STUDENT CONSENT FOR RELEASE OF STUDENT INFORMATION (Buckley Waiver) I hereby authorize the UCSD Economics Department to return my graded final examination/research paper by placing it in a location accessible to all students in the course. I understand that the return of my examination/research paper as described above may result in disclosure of personally identifiable information, that is not public information as defined in UCSD PPM 160-2, and I hereby consent to the disclosure of such information. Quarter: Fall 2007 Course: 100A Intermediate Microeconmics Date: 12/13/07 Instructor Melissa Famulari Student ID# Print Name Signature
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Question 1 (80 points total): Toni gets utility from X and Y and her utility function is U(X,Y)= 12X 2 Y 2 . 1A. (10 points) What is the Lagrangian for Toni’s utility maximization problem ? 1B. (20 points) Write down the first order conditions and solve for the ordinary demand functions X * ( x p , y p , I)and Y * ( x p , y p , I) 1C. (10 points) What is the Lagrangian for Toni’s expenditure minimization problem ? 1D. (20 points) Write down the first order conditions and solve for the compensated demand functions X C ( x p , y p , U )and Y C ( x p , y p , U )
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1E. (10 points) Provide a verbal definition of a normal good. Is Y a normal good?
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This note was uploaded on 04/02/2010 for the course ECON 100A ECON 100A taught by Professor Famulari during the Spring '10 term at UCSD.

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100A Final Exam FA07 - Econ 100A: Microeconomics, Fall...

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