21011samplemidterm

21011samplemidterm - Department of Economics University of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Department of Economics University of California, Irvine 210A - Microeconomic Theory I Fall 2011 Sample Midterm Exam questions (An exam usually consists of three questions like those below) 1. Consider a production function f ( x 1 ; x 2 ) , whereby output is produced with two inputs. isoquant for this production function. b. Find su¢ cient conditions that would guarantee the convexity of the isoquant. 2. 3. Consider the technology described by f ( x ) = 0 for all x 1 and f ( x ) = ln x for x > 1 : a. Derive the conditional factor demand function and the cost function for this technology. Lemma. 4. b. Prove that the cost function is concave in prices. c. Show the properties of negativity and symmetry for conditional
Background image of page 1

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

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/13/2011 for the course ECON 210A taught by Professor Skaperdas during the Fall '08 term at UC Irvine.

Page1 / 2

21011samplemidterm - Department of Economics University of...

This preview shows document pages 1 - 2. Sign up to view the full document.

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