Intermediate Microeconomics
ECNS 301
Spring 2014
Homework #: 4
Due by the beginning of class on: February 12, 2014
Name:
Instructions:
There are 11 questions worth a total of 100 points. Answer each q
Intermediate Microeconomics
ECNS 301
Spring 2014
Homework #: 2
Due by the beginning of class on: Wednesday January 22, 2014
Name:
Instructions:
There are 5 questions worth a total of 100 points. Answe
Intermediate Microeconomics
ECNS 301
Spring 2014
Homework #: 2
Due by the beginning of class on: Wednesday January 22, 2014
Name:
Instructions:
There are 5 questions worth a total of 100 points. Answe
Intermediate Microeconomics
ECNS 301
Spring 2014
Homework #: 3
Due by the beginning of class on: Wednesday February 5, 2014
Name:
Instructions:
There are 8 questions worth a total of 100 points. Answe
Intermediate Microeconomics
ECNS 301
Spring 2014
Homework #: 3
Due by the beginning of class on: Wednesday February 5, 2014
Name:
Instructions:
There are 8 questions worth a total of 100 points. Answe
Intermediate Microeconomics
ECNS 301
Spring 2014
Homework #: 4
Due by the beginning of class on: February 12, 2014
Name:
Instructions:
There are 11 questions worth a total of 100 points. Answer each q
Intermediate Microeconomics
ECNS 301
Spring 2014
Homework #: 1
Due by the beginning of class on: Wednesday January 15, 2014
Name:
Instructions:
There are 12 questions worth a total of 100 points. Answ
Intermediate Microeconomics
ECNS 301
Spring 2014
Homework #: 1
Due by the beginning of class on: Wednesday January 15, 2014
Name:
Instructions:
There are 12 questions worth a total of 100 points. Answ
Intermediate Microeconomics
ECNS 301
Spring 2013
Exam #: 1
Version A
Friday February 8, 2013
Name:
Instructions:
You must answer all of the following questions. Each question is worth the same amount.
Intermediate Microeconomics
ECNS 301
Spring 2014
Exam #: 1
Version B
Friday February 7, 2014
Name:
Instructions:
You must answer all of the following questions. Each question is worth the same amount.
Intermediate Microeconomics
ECNS 301
Spring 2014
Exam #: 1
Version A
Friday February 7, 2014
Name:
Instructions:
You must answer all of the following questions. Each question is worth the same amount.
Intermediate Microeconomics
ECNS 301
Fall 2012
Exam #: 1
Version A
Thursday September 27, 2012
Name:
Instructions:
You must either answer all of the following questions or answer exactly 4 of the foll
Consumer Choices
1.
The Budget Constraint:
pi xi = I
Two good case:
I
=
PY Y +
PX X
If I = $200, PY = $4, and PX = $2 then
200 =
2.
4Y + 2X
The feasible consumption set:
PX / PY = dY/dX
3.
Effects of
Economics 301: Problem Set 2
This problem set deals with one mathematical issue and with the material in Chapter 3 and the first part of
Chapter 4 of H, G & H.
1.
Consider the following demand functio
Economics 301
Problem Set 6
1.
In the early 1980s, Japan agreed to limit their exports of automobiles to the United States on a
voluntary basis. Show the economic welfare effects of what was, in effec
Economics 301: Problem Set 8
1.
Suppose a competitive firm has the following short run production function:
Q=
2 a 0.5.
where Q is output and a is the level of input a (say labor).
(a).
What is the fi
ECNS 301: Problem Set 9
1. When real interest rates rise, households always save more. Is the statement true or false?
Give a detailed explanation for your answer.
2. Julia expects to receive $1,000 i
Supply and Demand Models
Supply Function:
qs = f(ps; other variables)
where qs is quantity supplied per time period (for example, per month), ps is the price received by the
seller and other variables
Oligopoly and Strategic Behavior
Game Theory
1.
Oligopoly is competition among the few (2 to about 6 firms)
2.
Oligopolys key feature is that each firms outcome transparently depends both on its own
s
Economics 301: Problem Set 5
1.
The XYZ firm owns three plants, A, B and, C. The total cost functions for each of these plants
are as follows:
A:
CA = 300 + 10 Q A
B:
CB = 100 +
5 Q B + 0.1 Q B 2
5 QC
Microeconomics: Econ 301
Problem Set 4
1.Own price elasticities of demand can be represented as the ratio of a tangent to a ray from the
origin. True or False? Explain.
2. Is it true that straight lin
Economics 301
The Firm and Firm Costs
1.
What is A Firm?
2.
Why do Firms Exist? Two Inter-related reasons:
A.
B.
3.
Types of Firm:
A.
B.
C.
4.
Team Production (Adam Smiths specialization of labor)
Tra
Factor Markets: Demand (Chapter 12)
I.
The Firm: Output Depends on A Single Input
A.
The Production Function
B.
The Laws of Diminishing Returns
Regions 1, 2 and 3
C.
Production Functions and Cost Func
Econ 301: Problem Set 1
1. Define the following concepts: endogenous variable, exogenous variable, stock variable, flow variable, and ratio variable. Use your text
to answer this question.
2.
Consider
Economics 301: Problem Set 3
1. Pairs of goods that complement each other have indifference curves with
positive slopes while pairs of goods that are substitutes for one another have
indifference curv
Economics 301: Problem Set 7
1.
Many different but similar products are observed in the market place. For example, some
cars are almost identical with respect to engineering but different with respect