Unformatted text preview: satisfied. (c) WITHOUT solving the first order conditions, find an expression for the slope of this consumer’s demand function for the first good. That is find an expression for x / p Is it possible to say what the sign of this derivative is? A model answer to this assignment will be posted on the 331 web page by Dec. 9. The reason for the WITHOUT is this. On exams, I sometimes give instructions like this on purpose to try and keep you from trying to solve a problem by a method that involves a long and time consuming calculation Not following such instructions can cost you a lot of marks....
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This note was uploaded on 09/18/2011 for the course ECON 331 taught by Professor Heaps during the Spring '06 term at Simon Fraser.
- Spring '06