B.Sc. (Hons.) Economics is a full-time, three-year graduation program. The program aims at creation, dissemination and curation of...

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...

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...

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...

3-4 Construct an indirect utility function that corresponds to the direct function U = α In q₁ +. Use Roy's identity to construct demand...