0% Plagiarism Guaranteed & Custom Written

(a) (i) Find the first-order and second-order partial derivatives for the utility function

19 / 01 / 2019 Maths

This paper circulates around the core theme of (a) (i) Find the first-order and second-order partial derivatives for the utility function together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 96. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.

Question 1    Show your working.
(a)    (i)    Find the first-order and second-order partial derivatives for the utility function 
 
(ii)    For the benefit of someone who is neither a mathematician nor an economist, explain what 
information is provided by each of the derivatives which involves differentiation with respect to x.  (There is no need to define utility.)
(iii)    Are the marginal functions increasing or decreasing.  Justify your answers.
(b)    Consider the production function,  .  
(i)    Show whether it has increasing, decreasing or constant returns to scale.
(ii)    Does it exhibit diminishing returns to labour?  Explain.


100% Plagiarism Free & Custom Written


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

Company # 11483120

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

Benefits You Get

  • Free Turnitin Report
  • Unlimited Revisions
  • Installment Plan
  • 24/7 Customer Support
  • Plagiarism Free Guarantee
  • 100% Confidentiality
  • 100% Satisfaction Guarantee
  • 100% Money-Back Guarantee
  • On-Time Delivery Guarantee