NYUAD - MATH-UH 1020-002

Multivariable Calculus with Applications to Econ

Summer 2020 June 12, 2020 Practice Midterm

TIME: 1 hour - this is a practice, real test will be suitable for

being solved in 60 minutes. Exercises are only indicative of the
topics

Exercise Points Score

1 25
2 25
Grading policy:
3 25
4 25
Maximum possible 100
Midterm is open books: you can use texts and or notes. Academic
integrity requires that you neither give nor receive any aid on this test.

Exercise 1. Y/N questions:

00 (x, y) ≥ 0 for all (x, y) in the

(a) if for a function f (x, y) we have fxx
domain D, then there is a min of f in D;

(b) implicit differentiation allows to write y 0 (x), for a function y(x) im-
plicitly defined by F (x, y(x)) = 0, without explicitly solving F (x, y) =
0 for y;

(c) if a function f (x, y) has continuous second order partial derivatives

everywhere in a domain D, (x0 , y0 ) is a critical point in the interior
of D, and
00
f11 (x0 , y0 ) < 0
and
00 00 00
f11 (x0 , y0 )f22 (x0 , y0 ) − (f12 (x0 , y0 ))2 > 0,
then (x0 , y0 ) is a point of strict max of f ;

(d) In solving a constrained optimization problem by the Lagrangian

method, there is one Lagrange multiplier for each of the variables.

1
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Exercise 2. For z = f (x, y) = x3 ex y 5 ey :

(a) compute the equation of the tangent plane at the point (x, y) =
(1, 1);

(b) use a linear approximation to estimate the value of the function at

(x, y) = (1.1, 1.2)

(c) compute the partial elasticity of z w.r.t. y at (x, y) = (2, 2)

Exercise 3.
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Exercise 4.

Exercise 5. Consider the function f (x, y) = x(1 − y 2 ) in the domain

{(x, y) : x2 + y 2 = 1}.

(a) Indicate if you have reasons to assess existence or nonexistence of

max and min;

(b) compute max and min (if they exist);

(c) estimate max and min (those which exist) when the constraint be-
comes x2 + y 2 = 1.4.
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Exercise 6. .
(a) Find maximum and minimum of the function

2x2 + 3y 2 − 4x − 2 subject to x2 + y 2 ≤ 16.

(b) Determine how the maximum changes if the constraint changes

from 16 to 18.

(c) (challenge) Determine how the minimum changes if the constraint

changes from 16 to 18.

Exercise 7. (Challenge) Why did we say that Math is more favora-

ble to us in implicit differentiation than when trying to compute a linear
approximation?