National University of Singapore
Department of Economics
EC2101 Microeconomic Analysis I
Semester 2 AY 2013/2014
Practice Problems 6
Cost II
Presentation schedule: Two student presentations; one stude
National University of Singapore
Department of Economics
EC2101 Microeconomic Analysis I
Semester 1 AY 2014/2015
EC2101 Microeconomic Analysis I
Semester 1 AY 2014/2015
Course Information
Instructor:
6.3 (0) Our thoughts return to Ambrose and his nuts and berries. Ambroses utility function is
U(x1, x2) = 4x11/2+ x2, where x1 is his consumption of nuts and x2 is his consumption of berries.
(a) Let
21.4 [1]} Mary Magnolia wants to open a ower shop, the Petal Pusher,
in a new mall. She has her choice of three different oor sizes1 EDD square
feet~ BEN] square feet. or LEIGH square feet. The monthl
I.
Multiple Choice Questions (5 marks each) Choose the BEST answer
1. Suppose there are two goods, the price of each good is positive, and the consumers
income is also positive. If the prices of both
National University of Singapore
Department of Economics
EC2101 Microeconomic Analysis I
Semester 2 AY 2013/2014
Homework 1 Solution
Consumer Theory
Due date: 14 Feb 5 pm
Question 1 (2.5 marks) Consid
Homework 2, Due Sept. 9th by 5 PM
5.6 (0) Elmers utility function is U(x, y) = mincfw_x, y2.
(a) If Elmer consumes 4 units of x and 3 units of y, his utility is _
(b) If Elmer consumes 4 units of x an
21.4 (0) Mary Magnolia wants to open a flower shop, the Petal Pusher, in a new mall. She has
her choice of three different floor sizes, 200 square feet, 500 square feet, or 1,000 square feet.
The mont
Homework 1, Due Sept. 2nd by 5 PM
2.12 (0) On the planet Mungo, they have two kinds of money, blue money and red
money. Every commodity has two pricesa red-money price and a blue-money price.
Every Mu
Name:
Tutorial Section:
There are 100 points on this exam. You have 1 hour 45 minutes. Good luck.
Multiple Choice (each question is worth 1 point)
1) An increase in the interest rate will necessarily
28.1 (0) This problem is designed to give you practice in reading a game matrix and to check
that you understand the definition of a dominant strategy. Consider the following game matrix.
(a) If (top,
14.1 (0) Sir Plus consumes mead, and his demand function for tankards of mead is given by
D(p) = 100 p, where p is the price of mead in shillings.
(a) If the price of mead is 50 shillings per tankard,
EC2101
Microeconomic Analysis
A/P Anthony Chin
[email protected]
Lecture 3
Consumer Behavior
Under Uncertainty
Human behaviour by themselves and
individual are diff.
-George Acoldes Animal Spirts
Suggested Solutions to EC2102 Macroeconomic Analysis I
Semester 2, 2009/10
Midterm Exam
March 3, 2010
MCQs, Questions 1-9: worth 4 points each except for Question 2 which is worth 8 points.
Question 1
19.2 (0) A Los Angeles firm uses a single input to produce a recreational commodity according
to a production function f(x) = 4x, where x is the number of units of input. The commodity sells
for $100
Tutors will cover these problems in tutorials during the week of Aug. 29 th- Sept 2nd
2.1 (0) You have an income of $40 to spend on two commodities. Commodity 1 costs
$10 per unit, and commodity 2 cos
10.7 (0) We return to the planet Mungo. On Mungo, macroeconomists and bankers are
jolly, clever creatures, and there are two kinds of money, red money and blue money.
Recall that to buy something in M
EC2102
NATIONAL UNIVERSITY OF SINGAPORE
EC2102 MACROECONOMIC ANALYSIS I
(SEMESTER I : AY2005-2006)
Time Allowed : 2 Hours
INSTRUCTIONS TO CANDIDATES
1.
This examination paper contains 5 questions an
EC2102 Macroeconomic Analysis I
Semester 2, 2008/9
Midterm Exam
4 March 2009
Please read the following INSTRUCTIONS carefully:
1. Do NOT turn over this page until you are told to do so, i.e., Do NOT s