Econ 505 MATH ECONFall, 2008Test #2 Take-home part.EXPLAINyour answers carefully.WARNING!!! You are to do your own work. Do not communicate about this exam withanyoneexcept the instructor [x3-2345 or e-mail to [email protected]]. Violation of thisrule 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 .th4. (20) (A)(10) For Question 3 of the in-class part of this exam, show that the ratio r*/h* isindependent 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 minimumexists.xy6. (40) A firm produces two goods, X and Y, to sell at prices p and p . Each good is producedfrom capital and labor. The production function for X is:
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