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Eet 300: Microeconomics Theory Iii Question Paper

Eet 300: Microeconomics Theory Iii

Course:Bachelor Of Arts

Institution: Kenyatta University question papers

Exam Year:2012

DATE: Friday 30th March 2012

TIME: 4.30p.m – 6.30p.m
_______________________________________________________________________________
Instructions: Answer question one and any other two questions.
Question One
Write brief notes on the following concepts. Be as precise as you can. ( 5 Marks each_
a) The production function
b) The Hotellings lemma
c) Elasticity of substitution
d) The Roy’s identity
e) The Slutsky’s Equation
f) The Carnot equilibrium

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