ECO204Y1 Study Guide - Midterm Guide: Microeconomics, Demand Curve, Envelope Theorem
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University of toronto | department of economics | eco 204 | summer 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 pages then 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) Total points = 100: ajaz hussain, dept. of economics, university of toronto. The foc conditions are (there aren"t any kt conditions because there aren"t any inequality constraints): The lagrange multipliers on an equality constraint can be either positive, zero, or negative. The foc and kt conditions are: ajaz hussain, dept. of economics, university of toronto.
