Assignment 1 : Due date (Monday, 2nd October, 2015)
Answer all question.
1. Given U (X,Y) = X0.5 + Y0.5 and budget function as I = Px.X + Py.Y where X and Y are 2 goods, I :
Income, Px and Py as price of X and Y respectively. Derive Marshalian demand func
Second Assignment (Production)/EXGA6120
1. Consider a case where the production function is given as
b
Y =ax
;
a. State down the corresponding profit function
b. State the profit maximizing condition
c. Assume b is greater than 1; what is the impact of th
Assignment 3 (Due: 31st October 2015) To be submitted before your exam.
Find the first order partials of the following functions:
1.
Z=
5X
6 X7 Y
2.
Z=
X+ Y
3Y
3.
Z=
X 2Y 3
3 X +2 Y
4. Z = 4X2-2XY + 6Y2 subject to X+ Y = 72
Solved for X, Y and
5. Maximiz
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