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Midterm Exam, Econ 210, Fall 2009 Answer Question 1 and any 3 of the other questions. Question 1. Mary Granola consumes only two goods and her utility function is 2 U (x1 , x2 ) = (min{2x1 + x2 , x1 + 2x2 }) .
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Document Date: 2010-09-25 19:53:22
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IndustryTerm
corner solutions /
interior solutions /
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Person
Mary Granola /
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SocialTag
Marketing
Hicksian demand function
Utility
Marshallian demand function
Expenditure function
Indirect utility function
Indifference curve
Demand
Expenditure minimization problem
Consumer theory