E
601
1
Sample questions 1
1. MWG, 1.B.3 and 1.B.4.
cfw_a, b , cfw_a, c , cfw_a, d , cfw_b, c , cfw_b, d ,
and (B, C ()
cfw_c, d , cfw_d, b, c , cfw_a, b, d , cfw_a, c, d
be a choice structure. Suppos
University of Waterloo
Economics 401
Assignment #1 Solutions
1. Derive the reduced simple lotteries that correspond to the following complex
lotteries.
(a) I will ip a coin that comes up heads with pr
E
401
1
Final Examination questions
1. What does it mean to say that preferences t the Gorman polar form? Do
quasi-linear preferences t the Gorman form? Do aggregate demands based on the
Gorman form h
Intermediate Microeconomics, Winter 2008
Problem Set NoApril 3
19
due: Wednesday, April 2; Thursday,
Reading: Chapter 11, 12. We will talk about the monopolist but we will
not cover all of these chapt
Economics 401 Final Examination
Winter 2015
Instructions: NO electronic aids of any type are permitted. Answer seven (7)
of the following nine (9) questions. All questions are of equal weight. Indicat
E
601
1
Sample test 1 questions
cfw_a, b , cfw_a, c , cfw_a, d , cfw_b, c , cfw_b, d ,
and (B, C ()
cfw_c, d , cfw_d, b, c , cfw_a, b, d , cfw_a, c, d
be a choice structure. Suppose C () is such that
University of Waterloo
Economics 401
Assignment #1 Solutions
1. Derive the reduced simple lotteries that correspond to the following complex
lotteries.
(a) I will ip a coin that comes up heads with pr
Topics for the Exam
Chapter 6&7 Production and Costs
Topics:
Production Functions and Isoquants, Returns to Scale, Short-run vs Long-run
Decisions, Costs of Production: Diminishing marginal returns, D
Solutions: Assignment 1
ECON 401 Microeconomic Theory 3
Jean Guillaume Forand
Fall 2013, Waterloo
1. Assume that the set of alternatives is X = R2 and consider the preference relation
that, for any x,
E
601
1
Answers to sample questions 1
1. MWG, 1.B.3
Proof: We say that u () represents
for all x, y X, x
on choice set X if
y if and only if u (x) u (y )
(1)
To complete the proof note that if f () is
Economics 401
Assignment 4
Must be handed in, in class, Tuesday July 15th 2014
Name:
Student Number:
1
Please print this assignment and then answer all questions in the space provided. Please write cl
Economics 401
Assignment 5
Must be handed in, in class, Thursday July 24th 2014
Name:
Student Number:
1
These questions are of equal weight.
1. Print the graphs at the end of the pdf le on taxation an
Solutions: Assignment 2
ECON 401 Microeconomic Theory 3
Jean Guillaume Forand
Fall 2013, Waterloo
1. Let the nal outcomes be C = (c1 , c2 , c3 ) and suppose that a decision-maker has preferences
over
University of Waterloo
Economics 401
Assignment #4 Solutions
1. Consider a risk neutral seller, S, who owns a single indivisible good which he
can sell to a risk neutral buyer, B. The seller is privat
Economics 401
Assignment 1
Must be handed in, in class, Wednesday 11th May 2016.
Please print this assignment and then answer all questions in the space provided. Please write clearly and concisely. T
E
401
1
Integrability
If a system of demand equations satises the properties that follow from the
preference based approach, can one nd a utility function that rationalizes the demand
system? MWG argu
1
7th December 2007
Instructions: Answer 6 of the following 8 questions. All questions are of equal
weight. Indicate clearly on the rst page which questions you want marked.
1. A job candidate from a
1
6th December 2008
Instructions: Answer 7 of the following 9 questions. All questions are of equal
weight. Indicate clearly on the rst page which questions you want marked.
1. Assume some consumer ch
1. Introduction & Review
(Appendices & chapter 1)
Math, Probability, Stats Review
Constant something that does not change Variable something that takes on different values for different observations P
University of Waterloo
Economics 401
Assignment #2 Solutions
1. Consider an expected utility maximizer who faces the following lottery: L =
1
7
1, 5 ; 3, 15 ; 8, 1 .
3
(a) Suppose her preferences over
University of Waterloo
Department of Economics
Microeconomic Theory
Economics 601
Course Outline Fall 2009
Classroom RCH-205
Times: 10:30-noon MW
Instructor: John Burbidge
Office:
HH-216
Telephone: ex
THE DIGITAL PROVIDE: INFORMATION (TECHNOLOGY), MARKET PERFORMANCE AND
WELFARE IN THE SOUTH INDIAN FISHERIES SECTOR*
Robert Jensen
When information is limited or costly, agents are unable to engage in
Solutions: Assignment 3
ECON 401 Microeconomic Theory 3
Jean Guillaume Forand
Fall 2013, Waterloo
1. Consider the model of adverse selection from class. That is, consider an economy with
two goods, on
University of Waterloo
Economics 401
Sample Midterm #1
1. Explain the following terms:
(a) Continuity (axiom in the Expected Utility Theorem) (3 points)
(b) Risk Premium (3 points)
(c) Independence of
Practice Questions: Set 1.
The Real Economy
Lecture Date: Jan. 3rd
i) Explain why there is no role for money in the Edgeworth box model. What does this
tell us about the role of money in actual econom
Class 3
Preferences and Utility
Problem Set 2
Problemset 3: Due Wed/Thrus
MathReview 2: Due Wed/Thursday next Week
What we did last time:
Use elasticity to summarize information on slope
Use elasticit
University of Waterloo
Economics 401
Assignment #3 Solutions
1. Consider a so-called sealed bid third price auction, in which the winner is the
person who bids the most and the payment is the third hi
Intermediate Microeconomics, 2008
Problem 4; Tuesday, Feb 57
Set No
due: Monday, Feb
Problems
Please, answer the following questions in the book.
Chapter 5, Question 20, 30,
Chapter 16, Question 4, 8,
University of Waterloo
Economics 401
Assignment #2 Solutions
1. Consider an expected utility maximizer who faces the following lottery: L =
1
7
1, 5 ; 3, 15 ; 8, 1 .
3
(a) Suppose her preferences over