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 student presents Question 1
and Question 2, the other studen
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: Dr. Zhang Yang
Lecture: Thursday 2:00 pm 4:00 pm, LT1
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 goods decrease and the consumers
income remains the sam
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 monthly rent will be $1 a
square foot. Mar},r estimates that
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 Mungoan has two incomesa red income and a blue income. In
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 us find his demand function for nuts. The slope of Ambr
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 and 2 units of y, his utility is _
(c) If Elmer consumes
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 monthly rent will be $1 a square foot. Mary estimates that
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) Consider Annies preference over two goods, beer and wine.
For
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, left) is a dominant strategy equilibrium, then we know
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, how many tankards of mead will he
consume?
(b) How muc
EC2101
Microeconomic Analysis
A/P Anthony Chin
anthonychin@nus.edu.sg
Lecture 3
Consumer Behavior
Under Uncertainty
Human behaviour by themselves and
individual are diff.
-George Acoldes Animal Spirts. Outside the
rationality.
Indifference curve are diffe
EC2102 Macroeconomic Analysis I
Semester 2, 2008/9
Midterm Exam
6 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 start reading
the questions until you are told to do so.
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 and comprises 7
printed pages, including two figures, Fig
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 start reading
the questions until you are told to do so.
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 per unit. The input costs $50 per unit.
(a) Write down
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 costs $5 per unit.
(a) Write down your budget equation.
(b
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 Mungo you have to pay for it twice, once with blue
money
EC2101
Microeconomic Analysis
A/P Anthony Chin
anthonychin@nus.edu.sg
Lecture 11
Factor and Capital Market
Lecture 11 Factor Markets Title 2001
NUS Presentation
Outline
Competitive Factor Markets
Equilibrium in a Competitive Factor Market
Factor Markets w
EC2101
Microeconomic Analysis
A/P Anthony Chin
anthonychin@nus.edu.sg
Lecture 9
Game Theory and
Competitive Strategy
Lecture 9 Game Theory and Competitive Strategy
NUS Presentation Title 2001
OUTLINE
Gaming and Strategic Decisions
Dominant Strategies
The