Homework Assignment I (due 1st June 2016)
Econ 4020-001
Instructions: Each question is for 5 points
1) Part A) A farmer grows a bushel of wheat and sells it to the miller for $1. The miller
then turns the wheat into flour and sells the flour to the baker
Group Assignment 3
ECON 4010 002 Intermediate Microeconomics
Due 12.00pm July 30th, 2014
Question 1
Suppose a textbook monopoly can produce any level of output it wishes at a
constant marginal and average cost of $5 per book. Assume that the monopoly
sell
Group Assignment 2
ECON 4010 002 Intermediate Microeconomics
Due 5.00pm July 14th, 2014
Question 1
Look at Figure 11.10 on page 366 of your textbook, draw the same graph to
illustrate the situation of a risk lover person. You do not need to put any
number
Final Exam Cheat Sheet
Monopoly
Prot maximization: MR = MC
MR = T R if D: P = f(Q), MR has double slope of D / MC =
Q
C(Q)
Q
TR = PQ
C(Q)
Q )
C(Q) = TQ = AC Q / AC =
Equilibrium: Find MR from D MR = MC, nd Q Substitute Q in D to nd P ][Graph: Q and P on x
glueAxl-fon I
Eweei
A ask law mm t
(Lt-{slur Bu-mMe, aw; UCCe) . _.-
a. L-OM WML
k3;
R eta-WM" WWP
Com}:wa (nay-Hm \sLPW)
ex?ch coagunP-pw c 55
. , , 2
Guavhon 2 a : (Lo res) 0: t I 7} r =5 ) (Sit, in?
G) at -_ 7L + asK + )s (100- CLO'vKOdf)
at E 0
Group Assignment 1
ECON 4010 002 Intermediate Microeconomics
Due 5.00pm June 30th, 2014
Question 1
Suppose a person has $80 to spend only on two products: x and y. X cost $4
each, and Y cost $1 each. This person has preferences for X and Y given by
U tili
Fall 2016
Econ 4010-090 Online Intermediate Microeconomics
Midterm 2
Total: 100 points + 12 extra points for bonus credit
Due: Nov. 20th, 2016, Sunday, by 11:59 pm
Instructions:
1. You need to answer all the questions and show each step that leads to your
Fall 2016
Econ 4010-090 Online Intermediate Microeconomics
Midterm 1
Total: 100 points
Due: October 2nd, Sunday, 2016 by 11:59 pm
Instructions:
1. You need to answer all the questions and show each step that leads to your final
answers of conclusion. If y
Fall 2016 Intermediate Microeconomics Econ 4010-090
Deadline: Dec 18th, 2016, Sunday, by 2:00 pm
Total mark: 100 points
Instructions:
1. Please write down your answers with as many details as possible on the blank paper. If you only show
the final answers
Fall 2016 Intermediate Microeconomics Econ 4010-090
Deadline: Dec 18th, 2016, Sunday, by 2:00 pm
Total mark: 100 points
Instructions:
1. Please write down your answers with as many details as possible on the blank paper. If you only show
the final answers