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MVC Econ Summer22-PracticeMidterm

This document is a practice midterm exam for a multivariable calculus course. It contains 7 exercises testing concepts like: 1) Conditions for a function to have a minimum or maximum. 2) Using implicit differentiation and linear approximations. 3) Computing partial derivatives and elasticities. The exam is open book and consists of both multiple choice and free response questions worth a total of 100 points.

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18 views4 pages

MVC Econ Summer22-PracticeMidterm

This document is a practice midterm exam for a multivariable calculus course. It contains 7 exercises testing concepts like: 1) Conditions for a function to have a minimum or maximum. 2) Using implicit differentiation and linear approximations. 3) Computing partial derivatives and elasticities. The exam is open book and consists of both multiple choice and free response questions worth a total of 100 points.

Uploaded by

kotryna.pw
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NYUAD - MATH-UH 1020-002

Multivariable Calculus with Applications to Econ


Summer 2020 June 12, 2020 Practice Midterm

TIME: 1 hour - this is a practice, real test will be suitable for


being solved in 60 minutes. Exercises are only indicative of the
topics

Exercise Points Score


1 25
2 25
Grading policy:
3 25
4 25
Maximum possible 100
Midterm is open books: you can use texts and or notes. Academic
integrity requires that you neither give nor receive any aid on this test.

Exercise 1. Y/N questions:

00 (x, y) ≥ 0 for all (x, y) in the


(a) if for a function f (x, y) we have fxx
domain D, then there is a min of f in D;

(b) implicit differentiation allows to write y 0 (x), for a function y(x) im-
plicitly defined by F (x, y(x)) = 0, without explicitly solving F (x, y) =
0 for y;

(c) if a function f (x, y) has continuous second order partial derivatives


everywhere in a domain D, (x0 , y0 ) is a critical point in the interior
of D, and
00
f11 (x0 , y0 ) < 0
and
00 00 00
f11 (x0 , y0 )f22 (x0 , y0 ) − (f12 (x0 , y0 ))2 > 0,
then (x0 , y0 ) is a point of strict max of f ;

(d) In solving a constrained optimization problem by the Lagrangian


method, there is one Lagrange multiplier for each of the variables.

1
2

Exercise 2. For z = f (x, y) = x3 ex y 5 ey :

(a) compute the equation of the tangent plane at the point (x, y) =
(1, 1);

(b) use a linear approximation to estimate the value of the function at


(x, y) = (1.1, 1.2)

(c) compute the partial elasticity of z w.r.t. y at (x, y) = (2, 2)

Exercise 3.
3

Exercise 4.

Exercise 5. Consider the function f (x, y) = x(1 − y 2 ) in the domain


{(x, y) : x2 + y 2 = 1}.

(a) Indicate if you have reasons to assess existence or nonexistence of


max and min;

(b) compute max and min (if they exist);

(c) estimate max and min (those which exist) when the constraint be-
comes x2 + y 2 = 1.4.
4

Exercise 6. .
(a) Find maximum and minimum of the function

2x2 + 3y 2 − 4x − 2 subject to x2 + y 2 ≤ 16.

(b) Determine how the maximum changes if the constraint changes


from 16 to 18.

(c) (challenge) Determine how the minimum changes if the constraint


changes from 16 to 18.

Exercise 7. (Challenge) Why did we say that Math is more favora-


ble to us in implicit differentiation than when trying to compute a linear
approximation?

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