ECO204Y1 Study Guide - Midterm Guide: Consumer Choice, Lagrange Multiplier, Envelope Theorem
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University of toronto | department of economics | eco 204 | 2011 - 2012 | ajaz hussain. You cannot leave the exam room during the last 10 minutes of the test. Remain seated until all tests are collected, counted and the proctor announces that you can leave the room. If you detach sheets it"s your responsibility to re-staple pages - graders are not responsible for loose sheets. Do not have a cell phone on your desk or on your person. There is a worksheet at the end of the test. Student id # (as it appears on rosi) Please give a brief explanation below and, if necessary, justify your answer by a utility model. Please use the following indifference curves to characterize (describe) this consumer"s preferences over goods 1 and 2: 45o45o45oabove 45o linebelow 45o line45oquestion 3 [4 points] This christmas, you plan to visit paris and lyon, two cities in france.
