2- Answer the following questions: a) Show that Young's Theorem holds for the following function: f(x, y) = 9ye²xy. |

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.6P
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2- Answer the following questions:
a) Show that Young's Theorem holds for the following function: f(x, y) = 9ye²xy. |
b) Let z(x, y, w) = x² + wy +w², where w (r, s) = r² + s²₂ x (r,s) = r² — s² and y (r, s) =
r. s. Find the partial derivative 6 =?
6s
c) The foreign demand for our exports X depends on the foreign income X and our price level P:
1
X = Y + P-². Find the partial elasticity of foreign demand for our exports with respect to que
price level.
d) If production function is Q₁ = A(t) K³L, where A(t) is an increasing function of t, and
K₁= Ko + at, and L. Lo + bt. Find the rate of change of output with respect to time?
=
www
wwwww.w
intim um momw
Transcribed Image Text:2- Answer the following questions: a) Show that Young's Theorem holds for the following function: f(x, y) = 9ye²xy. | b) Let z(x, y, w) = x² + wy +w², where w (r, s) = r² + s²₂ x (r,s) = r² — s² and y (r, s) = r. s. Find the partial derivative 6 =? 6s c) The foreign demand for our exports X depends on the foreign income X and our price level P: 1 X = Y + P-². Find the partial elasticity of foreign demand for our exports with respect to que price level. d) If production function is Q₁ = A(t) K³L, where A(t) is an increasing function of t, and K₁= Ko + at, and L. Lo + bt. Find the rate of change of output with respect to time? = www wwwww.w intim um momw
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