Intermediate Microeconomics, Spring 2014
Karl Storchmann
Problem Set #1
Due, Wednesday, Feb 12 at 5pm on NYU Classes (under Assignments)
No hard copies; only one-file submissions are possible;
submissions of multiple photographs are not possible
(1) Textb
Intermediate Microeconomics, Spring 2014
Problem Set #2
Due: Thursday, March 6, 11pm
only one-file online submissions at NYU Classes
(1) Chapter 3, Exercise #10
(2) Chapter 3, Exercise #14
(3) Chapter 3, Exercise #16
(4) Suppose your utility function is g
Intermediate Microeconomics
Karl Storchmann
Problem Set #3
Due: Tuesday, Mar 11, 5pm
(1) The market for widgets is described by the following equations
Demand: P=10-Q; Supply: P=Q-4
(a) Calculate the equilibrium price and quantity.
(b) Suppose the governm