Microeconomics I - National Tsing Hua University



Microeconomics I

Homework #2

Fall 2009

Due day: 3/11

|1 |2 |3 |

| $10 | 3 | 7 |

| 15 | 6 | 9 |

| 20 |10 |10 |

(c) What is the income elasticity of hot dogs for this consumer as income increases from $10 to $15?

3)

Ryan has a constant elasticity of substitution (CES) utility function U=q1ρ+ q2ρ. (a)Derive his Engel curve.

(b)Derive Ryan’s demand curve for q1 and q2.

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|組 | |學號： | |學號： | |學號： | |

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