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Mathematical Economics II
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Roy’s identity is used to find the _______ demand function using the _______ utility function.
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The Envelope Theorem helps to simplify.
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The immediate effect of a per-unit tax on producers is:
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Which of the following is the correct derivative using implicit differentiation for xy=10?
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Law of returns to scale indicate that for this law to operate, factor proportions must be ________ at same level.
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Which of the following is true about the Hessian matrix of a function f(x,y)?
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The labor demand curve is derived from which of the following?
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Let B(x,y) be the profit function of a firm which produces two output goods in quantities x and y. If (a,b) is a stationary point of the function B(x,y), for it to be a global maximum point it must occur that:
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In the Lagrange Multiplier method, the term λ represents.
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If u, v, w are not independent functions of independent variables x, y, z then
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