ECON 3070 INTERMEDIATE MICROECONOMIC THEORY Spring 2009, Homework 1
Suggested solutions
Carefully show how you derive you answer and be sure to interpret your answer where necessary. 1. Consider a market with (aggregate) demand given by Qd (p) = a bp wher
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Econ 3070
Perfect Competition
Price Determination in the Short Run
Practice Problems and Solutions
March 21, 2006
Problem 1 Cell phone market supply is Qs = 5P 100 if P 20 and
Q = 0 otherwise, where Q is the number of customers (in thousands) served
per m
Solution to Practice Questions
Econ 3070
Provide a sketch of a proof for the First
Welfare Theorem
April 11, 2006
Consider an economy with 2 inputs (K, L), 2 outputs (C, F ), 2 individuals. (A, E). There is a xed amount of inputs in the economy, total cap
ECON 3070
Spring 2007
Midterm: Suggested Solutions
March 15, 2007
Time: 70 min
20 percent of overall grade. Please, prove and interpret answers when
necessary.
Honor code. On my honor, as a University of Colorado at Boulder student, I have neither given n
Econ 3070-004: solutions to some sample nal questions
December 14, 2007
Question 3 Consider an economy with two individuals (Adam, Eve) each endowed with 100 units of dierent goods (Adam has 100 tomatoes, x and Eve has 100 pounds of goat cheese, y). Eves
Problem 1 David is considering his (average) purchases of music albums
(x1 ) and concert tickets (x2 ) per month, the corresponding prices are p1 = $10
and p2 = $40, and he spends $50 per month on purchasing these goods. His
preferences are represented by
ECON 3070 Spring 2007 Midterm: Suggested Solutions
February 26, 2009
Time: 70 min 20 percent of overall grade. Please, prove and interpret answers when necessary. Honor code. On my honor, as a University of Colorado at Boulder student, I have neither give
Econ 3070
V. Monopoly
Practice questions with answers
April 12, 2007
1
Will a monopolist want to price-discriminate?
Problem 1 Monopolist faces two markets: rail transport of coal and rail
transport of grain. For coal the inverse demand is Pc (Q) = 40 Q a
ECON 3070 section 4
HW 6
Solutions
April 27, 2009
Problem 1 13.1
P = 70 2Q, MC = 10, FC=0
a. If the market is perfectly competitive, the prots are zero, so the price
is equal to the constant marginal cost, P = 10, and the quantity demanded
at this price s
3070-001 Intermediate Microeconomic Theory
February 7, 2006
Practice question 1: Taxes= subsidies and rationing
Policy makers often employ policy instruments that affect the budget constraint indirectlj
though prices and income,
0 Quantity tax, consumers
ECON 3070-004
INTERMEDIATE MICROECONOMIC
THEORY
Suggested Solutions to Homework 3
Carefully show how you derive you answer and be sure to interpret your
answer where necessary.
1. Jasons preferences over peanuts (y) and almonds (x) are given by
U (x, y) =
ECON 3070 HW 4 Suggested solutions
March 19, 2009
Problem 1 Coors makes beer with hops and barley . For every keg of beer, Coors needs exactly 12 ounces of barley for every 1 ounce of hops. 1. Draw the isoquants for beer production. Solution 1 12 ounces o
Running head: REGIONAL TRADE AGREEMENTS VS. TRADE LIBERALIZATION
Regional Trade Agreements vs. Trade Liberalization
Abdullah AlBasha
ID: s150003185
ECN 500 Global Economics
Colorado State University Global Campus
Thomas F. Brantle, Ph.D
Nov 13, 2015
1
Reg