Econ 313 Fall 2010
TA: Peiran Jiao peiran.jiao@cgu.edu OHs: Th 1 - 3 pm (Blair Reading Room)
Solution Key to Assignment (5)
1. Swift is a small firm whose total cost function is given by
a. What is Swifts average cost function? What is its marginal cost f
Econ 313: Microeconomic Analysis
Dr. Yariv Fadlon, Fall 2014
Homework 3
The due date is Wednesday, October 29 at the beginning of the class.
1. A bakery operating in the short run has found that when the level of employment in its baking
room was increase
Econ 313: Microeconomic Analysis
Dr. Yariv Fadlon, Fall 2014
Homework 2
The due date is Wednesday, October 1 at the beginning of the class.
1. John consumes two goods, Beer (X) and Hamburgers (Y ). His utility function is given by
the expression U = minfX
Econ 313: Microeconomic Analysis
Dr. Yariv Fadlon, Fall 2014
Homework 1
1. The following table shows the minimum wage in the state of California and the Consumer
Price Index from 1990 to 2010, scaled so that the CPI = 100 in 1990.
1990
CPI
Nominal Minimum
Econ 313: Microeconomic Analysis
Dr. Yariv Fadlon, Fall 2014
Homework 3
The due date is Wednesday, November 29 at the beginning of the class.
1. The market demand of apples has been estimated as
QD = 3; 000
100P;
where P is price ($/pound), and Q is outpu
Econ 313: Microeconomic Analysis
Dr. Yariv Fadlon, Fall 2014
Homework 5
The due date is Wednesday, December 3 at the beginning of the class.
1. Nowheresland is a tiny college town with only one cinema (monopoly). The cinema manager
s
noticed that there ar
Econ313: Microeconomics Analysis
Dr. Fadlon, fall 2014
November 12, 2014
Midterm Exam II
Answer all 5 questions.
Write your answers in the space provided following each question.
Before you write your answer, read the question carefully.
Show enough of yo
ECON313: Microeconomics Analysis
Dr. Yariv Fadlon, Fall 2014
Additional practice problems: game theory
1. For the following game, show the rollback equilibrium using arrows
A, B, C
1, 1, 3
n
N
2, 2, 0
S
3, 2, 4
B
s
A
N
A
n
s
S
0, 0, 1
4, 2, 2
B
b
n
B
I
2,
Econ313: Microeconomics Analysis
Dr. Fadlon, fall 2014
Practice problems- midterm II
1. Consider a perfectly competitive rm with the following production function
q = f (K; L) = K 0:5 + 2L0:5
where K is machine hours per week and L is hours of labor per w
Econ 313: Microeconomic Analysis
Dr. Yariv Fadlon, Fall 2014
Homework 6
The due date is Wednesday, December 10 at the beginning of the class.
1. Lambert-Rogers Company is a manufacturer of petrochemical products. The rm research
s
eorts have resulted in t
School of P olitics and Economics
Econ 313: Microeconomics Analysis
Syllabus, fall 2014
Instructor: Dr. Yariv Fadlon.
o ce: Harper East 203
email: yariv.fadlon@cgu.edu
phone: (909) 621-8784
o ce hours: Wednesday 10:00am-12pm or by appointment (the best wa