Some games for you to play. Have fun!
(Please, look for Nash Equilibria along the way.)

GAME 6

Player B

+

B1

B2

+

 A1  30, 30  40, 20 
 Player A +

 A2  20, 40  35, 35 
PRACTICE PROBLEMS FOR THE FINAL EXAM
Note: in the actual exam you will have 15 multiple choice questions+2 essay
questions in the compulsory part and a choice between an additional essay question
and
Plan
General Equilibrium and
Market Efficiency
Production Economy
Pure exchange economies
Definition of a Pareto Efficient allocation
Competitive equilibrium allocation
First Welfare Theorem
Seco
INTERMEDIATE MICROECONOMIC
THEORY
Spring 2007, Homework 3
Due Thursday March 1 (prior to
commencement of lecture)
Carefully show how you derive you answer and be sure to interpret your
answer where ne
INTERMEDIATE MICROECONOMIC
THEORY
Suggested Solutions to Homework 3
Carefully show how you derive you answer and be sure to interpret your
answer where necessary.
1. Jasons preferences over peanuts (y
HW 6
Solutions
May 2, 2007
Problem 1 a. 13.14, p. 517. Use the information about cobalt industry
from this problem to answer additional questions.
b. Assume there are only two rms competing against ea
INTERMEDIATE MICROECONOMIC THEORY Homework
2 solution
Q1.
(2C + 2) + 2C
4C
C
= 22
= 20
= 5
Plugging this result back into the tangency condition implies that F = 2(5)+
2 = 12. At the optimum the consu
V. Monopoly
Practice questions with answers
April 12, 2007
1
Will a monopolist want to pricediscriminate?
Problem 1 Monopolist faces two markets: rail transport of coal and rail
transport of grain. F
Solution to Practice Questions
Provide a sketch of a proof for the First
Welfare Theorem
April 11, 2006
Consider an economy with 2 inputs (K, L), 2 outputs (C, F ), 2 individuals. (A, E). There is a x
Perfect Competition
Price Determination in the Short Run
Practice Problems and Solutions
March 21, 2006
Problem 1 Cell phone market supply is Qs = 5P 100 if P 20 and
Q = 0 otherwise, where Q is the nu