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Problem Set 1 Fall 2013 Econ 300 Due Date September 19th Please return your answers in legible handwriting Do don t forget to write your NAME and University ID Please show your work you will be awarded partial credit for coherent attempts but no credit will be granted for unjustified correct answers 1 The function is defined on What is the value of Is this a well defined 2 Consider the following function is it convex concave or both 3 Draw indifference curves of the following function 4 Consider the following function and provide an argument about its concavity or convexity and function monotonicity f 4 10 5 f 2 fxx 32 uxyxy 00101 21232343xxfxxxx
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