Scribd
Upload
35 views

Assignment I

This document provides instructions for Assignment I that is due on December 16, 2022. It carries 20 points, which is 20% of the total course score. Students must attempt all questions, write legibly, and avoid plagiarism. The assignment contains 5 questions involving matrix eigenvalues and eigenvectors, sequence limits, concave functions, constrained optimization, and implicit functions.

Uploaded by

Belaynew
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
35 views

Assignment I

This document provides instructions for Assignment I that is due on December 16, 2022. It carries 20 points, which is 20% of the total course score. Students must attempt all questions, write legibly, and avoid plagiarism. The assignment contains 5 questions involving matrix eigenvalues and eigenvectors, sequence limits, concave functions, constrained optimization, and implicit functions.

Uploaded by

Belaynew
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
You are on page 1/ 2

3 December 2022

Addis Ababa University


Department of Economics
Econ 907: Assignment I
Due Date: Friday 16 December 2022
This assignment carries 20 points (20% of the total score). If you are submitting hand-
written answers, please write legibly, if not, illegible answers will not be marked. Attempt
all the questions and make your answers to the point. Plagiarism is a serious academic
o¤ence which may result in nulli…cation of your scores.

1). Let the matrix A be given by


0 1
2 1 1
B C
B C
A=B 1 2 1 C
@ A
1 1 2

a). Find the eigenvalues of the matrix A. (2 Points)

b). One of the eigenvalues has multiplicity 2. Find two linearly independent eigenvec-
tors associated with this eigenvalue. (2 Points)

2). Prove the following statements:

a). A sequence is said to be bounded if there is a number B such that jxn j B for
all n. Show that if fxn g1 1
n=1 converges to 0 and if fyn gn=1 is bounded, then the

product sequence converges to 0. (2 Points)

b). A convergent sequence in Rm can have only one accumulation point, and therefore
only one limit. (2 Points)

3). Prove the following statements:

1
a). Let f1 ; : : : ; fk be concave functions, each de…ned on the same convex subset U of
Rn . Let a1 ; : : : ; ak be positive numbers. Then a1 f1 + +ak fk is a concave function
on U . (2 points)

b). Let f1 ; : : : ; fk be concave functions of one variable. Let g (z) be a monotonic


transformation. Prove that

F (x1 ; : : : ; xk ) = g (f1 (x1 ) + + fk (xk ))

is a quasiconcave function. (2 points)

4). Consider the problem of maximizing

f (x; y; z) = xyz + z

subject to the the constraints

x2 + y 2 + z 6; x 0; y 0; z 0

a). Write out a complete set of …rst order conditions for this problem. (1 Point)

b). Determine whether or not the constraint x2 +y 2 +z 6 is binding at any solution.


(1 Point)

c). Find a solution of the …rst order conditions that includes x = 0. (1 Point)

d). Find three equations in the three unknowns x; y; z that must be satis…ed if x 6= 0
at the solution and …nd the solution to the equation system. (1 Point)

5). Consider the function F (x; y; z) = x2 + 3xy + 2yz + y 2 z2 11.

a). If x = 1 and y = 2, …nd a z which satis…es F (x; y; z) = 0. (1 Point)

b). Does this equation de…ne z as an implicit function of x and y near x = 1 and
y = 2? (1 Point)

c). If so, compute


@z (1; 2) @z (1; 2)
and (2 Points)
@x @y

You might also like