Econ 4001.01, Fall 2016
Yaron Azrieli
HOMEWORK #1, DUE 9/6/16
(1) True or False, and explain briefly.
(a) The assumption that more is better implies that indifference curves are upward
sloping.
(b) Consider the following three bundles: A = (3, 8), B = (7,

Econ4001.01, Fall 2016
Yaron Azrieli
HOMEWORK #2 SOLUTION
(1) Dans preferences are such that left shoes (good x) and right shoes (good y) are perfect
complements. Specifically, his preferences are represented by the utility function
U (x, y) = minimumcfw_

Prof. Yaron Azrieli
E-mail: azrieli.2@osu.edu
The Ohio State University
Department of Economics
Office hours: Monday 2:00-4:00
Office:
465B Arps Hall
Econ 4001.01 Intermediate Microeconomic Theory
Autumn 2016
Syllabus
Course Summary:
This is a non-calculu

Econ4001.01, Fall 2016
Yaron Azrieli
PRACTICE PROBLEMS FOR FIRST MIDTERM
Consider a consumer whose preferences can be represented by the utility function
U (x, y) = x + xy.
Recall that the marginal utilities for this function are given by
M Ux = 1 + y, M