QUESTIONS:

1. A consumer consumes goods X and Y. The utility function is U = X 2.Y2 Total consumer
income = 750,000. unit price of goods X is 3000 and Y 4000. Determine: (score: 30)
a. How many units of goods X and Y are consumed so that maximum satisfaction is
obtained?
b. What is the maximum level of satisfaction?

2. If the demand function P = 36 and the supply function P = 6 + 1 / 4Q2, determine: (score:
30)
a. Consumer Surplus
b. b. Producer surplus
c. c. Draw the curve

3. In “KORA” city there is a shoe market that has a demand function of Qd=18-P-P2 dan
supply function Qs=2P2-2P-6. From this case, determine: (score: 40)
a. The price and quantity of goods the market balance is formed!
b. What is the value and elasticity of the demand!
c. Draw the demand and supply curves!
d. What is the value of the consumer surplus that occurs!