1. The function f(x, y) = ln(x3 + 2) / (y2
+ 3) (this function is of a fraction format) :
a.
has a stationary point at (1, 0)
b.
has a stationary point at (0, 0)
c.
has a stationary point at (0, 1)
d.
has no stationary points
2. Which of the following functions don’t have unit elasticity
at P = 6?
a.
Demand: Qd = 24 - 2 P
b.
Demand: Qd = 10/P
c.
Demand: log...