ECN Test 2

ECN Test 2 - Econ 505 MATH ECON Fall, 2008 Test #2...

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Econ 505 MATH ECON Fall, 2008 Test #2 Take-home part. EXPLAIN your answers carefully . WARNING!!! You are to do your own work. Do not communicate about this exam with anyone except the instructor [x3-2345 or e-mail to jskelly@maxwell.syr.edu]. Violation of this rule will result in a grade of 0 for the exam. This part of the exam is due at the start of class, Tuesday, Nov. 11 . th 4. (20) (A) (10) For Question 3 of the in-class part of this exam, show that the ratio r*/h* is independent of V (i.e., cans of different volume will all have a common overall “shape”.) (B) (10) For Question 3 of the in-class part of this exam, show that a global minimum exists. xy 6. (40) A firm produces two goods, X and Y, to sell at prices p and p . Each good is produced from capital and labor. The production function for X is:
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