Asistensi #4

(Midterm Exam pak Teguh)

1. If the utility function of a consumer is 𝑈(𝑋1 , 𝑋2 ) = 2𝑋1 + 𝑋2 and a consumer faces a budget
constraint p1 x1 + p2 x2 = y , where p1=1, p2=1, y=10. Then calculate the walrasian/marshalian demand
function!
2. Jika utility function seseorang adalah sebagai berikut dengan 𝑈(𝑋1 , 𝑋2 ) = 𝑚𝑖𝑛(2𝑋1 , 4𝑋2 ) dan kendala
anggaran p1 x1 + p2 x2 = y , dimana pada kondisi awal p1=2, p2=2, y=20. Jika terjadi kenaikan harga
barang satu (p1=4) maka hitunglah substitution effect dan income effect pada barang 1! (10)

3. [25 poin] Jika preferensi konsumsi terhadap moda transportasi ojek (Go Jek, Grab Bike) = (x1,
x2) dapat direprentasikan dalam bentuk fungsi utilitas seperti berikut:
U ( x1, x2 ) = x10.5 + x20.5
Dan konsumen menghadapi kendala anggaran: p1 x1 + p2 x2 = y , maka jawablah pertanyaan berikut:

a. Carilah fungsi permintaan masing-masing moda transportasi (the walrasian/marashallian demand

function)! (7)
b. Carilah Indirect Utility Function! (5)
c. Harga Go Jek p1 =10.000; harga Grab Bike p2 =10.000;dan alokasi anggaran transportasi
y = 200.000 , pada suatu waktu terjadi perang harga antara Go Jek dan Grab Bike, dimana Go Jek
menurunkan harga dari 10.000 menjadi 5.000 (p1 =10.000 ® p11 = 5.000) , maka carilah nilai
substitution effect and income effect untuk konsumsi Grab Bike! Gunakan baik grafik dan
perhitungan! (13)

Soal Varian
1) A consumer has a utility function 𝑢(𝑥1 , 𝑥2 ) = max(𝑥1 , 𝑥2 )
a. What is the consumer's demand function for good l?
b. What is his indirect utility function?
c. What is his expenditure function?

2) A consumer has an indirect utility function of the form

a. What is the form of the expenditure function for this consumer?

b. What is the form of a (quasi-concave) utility function for this consumer?
c. What is the form of the demand function for good l?

3) Consider the indirect utility function given by

a. What are the demand functions?

b. What is the expenditure function?
c. What is the direct utility function?