Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
(a) Derive the Marshalian demand functions and the indirect utility function for the following utility function:
u(x1, x2, x3) = x1 1/6 x2 1/6 x3 1/6 x1≥ 0, x2≥0,x3≥ 0
[Hint: Try to make use of your results from problem 3 in Assignment 1 instead of redoing all the calculations here.]
(b) Using the indirect utility function that you obtained in part (a), derive the expenditure function and from it, derive the Hicksian demand function for good 1.
(c) Jack and his grandfather are sitting at the dinner table, discussing their lives. Both share the same utility function as given in part (a). Jack is boasting about his $5000 a month salary, with per-unit prices of x1, x2 and x3 being $4, $4 and $16 respectively. Jack's grandfather claims that the old days were much better because although his salary was $500 a month, the per-unit prices of x1, x2and x3 were all only $1. Do you agree with his grandfather?
Utilizes the second derivative test to classify the critical points of the function, h ( x ) = 3x 5 - 5x 3 + 3 Solution T
Properties of Integration
Cross Product In this last section we will look at the cross product of two vectors. We must note that the cross product needs both of the vectors to be three dimensional (3D
project
The vector a → =(2,4) compute 3a → , ½ a → and -2a → . Graph all four vectors on similar axis system. Solution: Now here are the three scalar Multiplication 3a → = (6,
One integer is four times other. The sum of the integers is 5. What is the value of the lesser integer? Let x = the lesser integer and now let y = the greater integer. The ?rst
Determine if the following sequences are monotonic and/or bounded. (a) {-n 2 } ∞ n=0 (b) {( -1) n+1 } ∞ n=1 (c) {2/n 2 } ∞ n=5 Solution {-n 2 } ∞ n=0
all formulas of plane figures
A and B can finish a piece of work in 16 days and 12 days respectively.A started a work and worked at it for 2 days.He was then joined by B.Find the total time taken to finish the
Chain Rule : If f(x) and g(x) are both differentiable functions and we describe F(x) = (f. g)(x) so the derivative of F(x) is F′(x) = f ′(g(x)) g′(x). Proof We will s
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd