×

### Let's log you in.

or

Don't have a StudySoup account? Create one here!

×

or

## Intermediate Theory Price and Distribution

by: Erna Gislason

147

0

1

# Intermediate Theory Price and Distribution ECON 410

Marketplace > University of North Carolina - Chapel Hill > Economcs > ECON 410 > Intermediate Theory Price and Distribution
Erna Gislason
UNC
GPA 3.63

Lauren Raymer

These notes were just uploaded, and will be ready to view shortly.

Either way, we'll remind you when they're ready :)

Get a free preview of these Notes, just enter your email below.

×
Unlock Preview

COURSE
PROF.
Lauren Raymer
TYPE
Class Notes
PAGES
1
WORDS
KARMA
25 ?

## Popular in Economcs

This 1 page Class Notes was uploaded by Erna Gislason on Sunday October 25, 2015. The Class Notes belongs to ECON 410 at University of North Carolina - Chapel Hill taught by Lauren Raymer in Fall. Since its upload, it has received 147 views. For similar materials see /class/228688/econ-410-university-of-north-carolina-chapel-hill in Economcs at University of North Carolina - Chapel Hill.

×

## Reviews for Intermediate Theory Price and Distribution

×

×

### What is Karma?

#### You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 10/25/15
Utility Maximization Practice The answers to this problem will be discussed in class on Wednesday September 12 Though your work will not be graded please come prepared to discuss your answers with each other Cartman has 2000 a month to spend on cheesypoofs C and videogames G The price of cheesypoofs is 100 and the price of videogames is 400 Cartman s utility function is given by U C C02G08 1 What is Cartman s budget constraint 2 Set up Cartman s utility maximization problem and write the Lagrangian for the problem Why is it written this way 3 Find the firstorder conditions for the Lagrangian by taking partial derivatives 4 Solve the firstorder conditions to find out how many cheesypoofs and videogames Cartman will consume each month U1 At the optimal quantities what is the marginal utility of cheesypoofs Videogames Hints To see an example of a similar problem check out pages 148149 of your text Don t worry if you can t solve every part of this problem at first just give it your best shot We ll work through it systematically together but the more you can accomplish on your own the better you ll understand our work together in class

×

×

### BOOM! Enjoy Your Free Notes!

×

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

## Why people love StudySoup

Jim McGreen Ohio University

#### "Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Kyle Maynard Purdue

#### "When you're taking detailed notes and trying to help everyone else out in the class, it really helps you learn and understand the material...plus I made \$280 on my first study guide!"

Steve Martinelli UC Los Angeles

Forbes

#### "Their 'Elite Notetakers' are making over \$1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!
×

### Refund Policy

#### STUDYSOUP CANCELLATION POLICY

All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email support@studysoup.com

#### STUDYSOUP REFUND POLICY

StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here: support@studysoup.com

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to support@studysoup.com