Clicker questions Jan_18th___Jan_20th

Clicker questions Jan_18th___Jan_20th - B p 2 rising C both...

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Microeconomic Analysis Econ 100A Prof. Sarah Reynolds

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What is your year in school? A. Freshman B. Sophomore C. Junior D. Senior
Are you a transfer student? A. Yes B. No C. Not Yet

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Are you an International Student? A. No B. Yes from Asia C. Yes from Europe D. Yes from Latin America E. Yes, I am not from California
What is your major? A. Economics (if I pass this class!) B. Business C. Social Sciences D. Humanities or Fine Arts E. Sciences or Engineering

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I want to study economics to A. Make money B. Save the world C. Please my parents D. Have fun with math E. Have a lens through which to analyze human behavior
e 2 Clicker Question The change from the black budget line to the red budget line could be caused by: A. p falling e 1 1 B. p 2 rising C. both p 1 falling & p 2 rising D. both p 1 falling & p 2 falling E. all of the above

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Microeconomic Analysis

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Unformatted text preview: B. p 2 rising C. both p 1 falling & p 2 rising D. both p 1 falling & p 2 falling E. all of the above Microeconomic Analysis Econ 100A Lecture 2 – January 20th Prof. Sarah Reynolds We know that (1,1,1,1) ~ (1,1,1,2) To violate monotonicity which of the following preference relationships must also hold? A (1,1,1,1) ~ (1,1,1,2) A. (1,1,1,1) (1,1,1,2) B. (1,1,1,2) ~ (1,1,1,1) C. Not (1,1,1,2) ~ (1,1,1,1) D. None of the above – it is never violated E. All of the above (except D) – it is always violated Using the convexity assumption, we just derived a set of points that is preferred to A & B. Now applying monotonicity as well, what is the new set of points that is preferred to A & B? A. B. C. D....
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