econ_211_PROBLEM_SET_ - ECONOMICS 211: INTRODUCTORY...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ECONOMICS 211: INTRODUCTORY MICROECONOMIC THEORY SPRING 2005 American University of Beirut Department of Economics Table of Contents CHAPTER 2: THE ECONOMIC PROBLEM: SCARCITY AND CHOICE.....................1 Problem 1: Production Possibility Frontier I ...................................................................1 Problem 2: Production Possibility Frontier II..................................................................3 Problem 3: Absolute and Comparative Cost Advantage .................................................4 CHAPTER 3: DEMAND, SUPPLY AND MARKET EQUILIBRIUM.............................6 Problem 1: Demand, Supply, and Price ...........................................................................6 Problem 2: Demand, Supply, and Price ...........................................................................7 Problem 3: Demand, Supply, and Price ...........................................................................8 Problem 4: Demand, Supply, and Price ...........................................................................9 Problem 5: Demand, Supply, and Price .........................................................................11 Problem 6: Demand, Supply, and Price .........................................................................12 Problem 7: Demand, Supply, and Price .........................................................................13 Problem 8: Demand, Supply, and Price .........................................................................14 CHAPTER 4: DEMAND AND SUPPLY APPLICATIONS AND ELASTICITY..........15 Problem 1: Elasticity.....................................................................................................15 Problem 2: Income Elasticity of Demand......................................................................19 Problem 3: The Laffer Curve .........................................................................................20 CHAPTER 5: HOUSEHOLD BEHAVIOR AND CONSUMER CHOICE.....................21 Problem 1: Total Utility vs. Marginal Utility and Demand Curve ................................21 Problem 2: Aggregate Demand......................................................................................23 Problem 3: Income and Substitution Effect ...................................................................24 Problem 4: Income and Substitution Effect ...................................................................25 CHAPTERS 6/7: THE PRODUCTION PROCESS: THE BEHAVIOR OF PROFIT MAXIMIZING FIRMS/SHORT RUN COSTS AND OUTPUT DECISIONS................26 Problem 1: Profit Maximization ....................................................................................26 Problem 2: Total Product, Average Product, Marginal Product....................................27 Problem 3: Total Costs, Average Total Costs, Average Variable Cost, Marginal Cost 28 Problem 4: Output Decisions in the Short-Run and Market Entry................................29 CHAPTER 8: LONG RUN COSTS AND OUTPUT DECISIONS..................................31 CHAPTER 8: LONG RUN COSTS AND OUTPUT DECISIONS....
View Full Document

This note was uploaded on 09/07/2010 for the course FAS Econ 211 taught by Professor Marcus during the Fall '08 term at American University of Beirut.

Page1 / 47

econ_211_PROBLEM_SET_ - ECONOMICS 211: INTRODUCTORY...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online