Chapter 6 Henderson and Quandt Microeconomics, Questions 6.9-6.11_ Solutions
6-9 A consumer allocates a fixed amount of time to labor and leisure. He derives satisfaction from the time he retains as leisure, L, and...
13 views1 comment
Chapter 5 Henderson and Quandt Microeconomics, Questions 5.4-5.8_ Solutions
5-4 Use Shephard's lemma to find the production function that corresponds to the cost function C=(+2 √ +)q, and demonstrate that it is...
4 views1 comment
Chapter 5 Henderson and Quandt Microeconomics, Questions 5.1-5.3_ Solutions
5-1 Each of the following production functions is homogeneous of degree one. In each case, derive the marginal products for X, and X₂ and...
6 views2 comments
Chapter 3 Henderson and Quandt Microeconomics, Questions 3.4-3.7_ Solutions
3-4 Construct an indirect utility function that corresponds to the direct function U = α In q₁ +. Use Roy's identity to construct demand...
25 views0 comments
