105final2002

105final2002 - Econ 149 Final Spring 2002 Directions You...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 149 Final Spring 2002 Directions: You have 3 hours to complete the exam. The exam has three sections. Do three of the four problems in the first section, being sure to make it clear which problems you want graded. Similarly, do two out of three in the second section and two out of three in the third section. You must explain how you came to your answers for full credit. Be sure to leave time for each section, so do all the problems you know how to do first, and then come back to the rest. Please both print and sign your name below. Name: By signing my name, I am acknowledging that I will abide by the honor code and understand the implications of not doing so.
Background image of page 1

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

View Full Document Right Arrow Icon
Please circle the questions you want graded Short Answer 1. 2. 3. 4. Medium Answer 5. 6. 7. Long Answer 8. 9. 10. Short Answer (Do 3 out of 4 only) 1. Show graphically why the Stackelberg Equilibrium is not Pareto Efficient. 2. Find the conditional factor demands for the production function q=min{L,2K}.
Background image of page 2
3. Find the Marshallian demands for the utility function U=q 1 +2q 2 . 4.
Background image of page 3

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

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 12

105final2002 - Econ 149 Final Spring 2002 Directions You...

This preview shows document pages 1 - 4. Sign up to view the full document.

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