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Question 1
Consider the following function:
() ( ) [ Currently
(a) Suppose that changes so that . What is (b) Suppose that changes so that . What is (c) Suppose that changes so that . What is (d Suppose changes by 1%. What is (e) Suppose changes by 1%. What is ? ?
? (f) Solve the problem:
( ) defined on domain [ Hint: the solution may not be an interior solution (i.e. inside the domain of the function, found by setting
in fact might be a boundary solution (i.e. at the boundary of the domain). () ) and Universit...
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This note was uploaded on 04/05/2013 for the course ECO 204 taught by Professor Hussein during the Fall '08 term at University of Toronto Toronto.
 Fall '08
 HUSSEIN
 Economics, Microeconomics

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