Economics 111: Intermediate Microeconomics Spring 2008 Homework 2 Answer Key
Professor: Pedro Dal B
1 1
2 2 1. Consider the following utility function: U = x1 x2 .
a. Draw the indierence curve that yields U = 5 (nd x2 as a function of x1 with U = 5). x2 =
Economics 111: Intermediate Microeconomics Spring 2008 Homework 0
Answer Key Professor: Pedro Dal B
1. Find the derivative for the following functions (a, b and c are real numbers): a. f (x) = a + bx f 0 (x) = b b. f (x) = a + bxc f 0 (x) = cbxc1 c. f (x)
Economics 111: Intermediate Microeconomics Spring 2008 Homework 5
Professor: Pedro Dal B
1. Meaningless controversies: Suppose that the market for widgets can be described as follows: Demand: D(p)=10-p. Supply: S(p)=p. a. What is the perfect competitive e
Economics 111: Intermediate Microeconomics Spring 2006 Homework 6 Answer Key
Professor: Pedro Dal B
1. Football or Movie: Players 1 and 2 were planned to go see either a football game or a movie but havent decided on one. Now it is time to go to one of th