100A Final Exam WI08 VERSION A

100A Final Exam WI08 VERSION A - Econ 100A: Microeconomics,...

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Econ 100A: Microeconomics, Winter 2008, Dr. Famulari Final Exam Version A: 330 points total Name_______________________________________ Student Number__________________ Question # Points 1 /80 2 /40 3 /40 4 /30 5 /40 6 /25 7 /35 8 /40 Total /330 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: Winter 2008 Course: 100A Intermediate Microeconmics Date: 3/21/08 Instructor Melissa Famulari Student ID# Print Name Signature
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(80 points total): Toni gets utility from X and Y and her utility function is U(X,Y)= X α Y where α >0. A. (5 points) What is the Lagrangian for Toni’s utility maximization problem ? B. (12 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) C. (15 points) If all price and incomes double, what will happen to the ordinary demand for X? Prove your answer.
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100A Final Exam WI08 VERSION A - Econ 100A: Microeconomics,...

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