Problem Set 2 Prof. Gene Chang (For Ph. D students, due on Dec. 9th in the class or TA's office. For M.A. students, due on Dec. 12th, in the class or TA's office. Late turn-in may result in penalty in the grade) 1. The production set is={yy2):y2sy,-
Problem Set 1 Prof. Gene Chang Due on Dec.5 5th in the class,orta' 's office(经院220室) Late turn-in may result in a penalty in the grade 1. The consumption set is={x X E}. Suppose the utility function representing the preference
