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 mar
OBJECTIVES
TASKS
SUCCESS
CRITERIA
TIME FRAME
RESOURCES
Advance
specification of the
product
SWIFTLY
Informations and
MORE RELIABLE
THAN OTHER
LAPTOPS
EASY TO USE AS IT
IS USER FRIENDLY
Dell Ventures'
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
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). Th
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
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 tomat
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 pur
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 Univers
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 o
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
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 indirect
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 o
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 th
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 G