G AMES AND S TRATEGIES
Eren Inci
Sabanci University
E REN I NCI
1
Review for the Final Exam
E REN I NCI
2
R EVIEW FOR THE F INAL E XAM
Strategic interaction
E REN I NCI
3
R EVIEW FOR THE F INAL E XAM
TOPICS COVERED
GENERAL PRINCIPLES OF GAME THEORY
Basic
ECON 204 MICROECONOMICS - HOMEWORK 3
Date due: November 9, 2016, in lecture class.
1. (10 points) Consider perfect complements type of preferences. (i) Can an increase in
the price of good 1 lead to an increase in the demand for good 2? Illustrate your
an
Econ 204C, Fall 2016
Problem set 2
1. Use a labor market supply and demand model to answer the following questions.
a. From an equilibrium position a minimum wage is set above the going wage.
Sketch graph this possibility and show 1) the amount of new ent
Econ 204C, Fall 2016
Problem set 3
1. The Acme Seed Company charges $2/lb for the first 10 lb you buy of marigold seeds each week
and $1/lb for every pound you buy thereafter. If your income is $100/wk, draw your budget
constraint for the composite good a
PS 2
1) How would each of the following events affect the level of employment and the
real wage rate?
(a) A major government loan-guarantee program goes bust, losing $500 billion. To
pay off the loss, the government announces that tax rates will rise 30%
PS 1
1) The three approaches to measuring economic activity are the
A) cost, income, and expenditure approaches.
B) product, income, and expenditure approaches.
C) consumer, business, and government approaches.
D) private, public, and international approa
PS 4
1) Money demand in an economy in which no interest is paid on money is
MD / P = 500 + 0.2 Y 1000 i
(a)
(b)
Suppose that P = 100, Y = 1000, and i = 0.10. Find real money demand, nominal money
demand, and velocity.
The price level doubles from P = 100
PS 3
1) The tax code changes so that business firms face higher tax rates on their
revenue.
a. How does this change affect the desired capital stock? Explain.
b. Using a saving-investment diagram, analyze the effects on the equilibrium
real interest rate,
ECON 204 MICROECONOMICS - HOMEWORK 3
Date due: October 26, 2015, in lecture class.
1. (5 points) My preferences are represented by the utility function u = ln(x1) + ln(x2).
One unit of good 1 and one unit of good 2 are perfect substitutes for me. Is this
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Aratrma ve Gelitirme Giderleri
Bor ve Gider Karlklar
Brt Kar
Dier Alacaklar
Dier Borlar
Dier Dnen Varlklar
Dier Duran Varllar
Dier Faaliyet Gelirleri
Dier F
LDERLK FAKLTES
LDR 1 Dalga 9 Dnem III
New Product Development and Innovation
Take Home Exam
Select a non-Group, product, service or technology company (local or global) which
had been disrupted and do the following exercise for this specific company:
1. B
ECO 204
STUDY QUESTIONS
Budget Constraint
1. Consider a family that lives in Southern California, and has an income of $4,000 per month, which it spends on electricity and other goods. Suppose that in 1999, the price of electricity was $40 per megawatt ho
ECON 204 STUDY QUESTIONS 4
Equilibrium 1) Suppose that demand for broccoli is given by 3 = 4002 , and supply is given by =
a) What is the price elasticity of demand when P=100? (Hint: Your answer should be a number) Show how you calculated it. b) Find the
ECON 204 STUDY QUESTIONS 3
Utility, Demand
q.1) Suppose that a consumers utility function for Prices are denoted by and , and income by m. a) Find the demand functions for goods? Why? and
and
takes the form: U( , and ). Are and
)=
/
/
(as a function of m,
ECON 204
STUDY QUESTIONS 9
Price Discrimination, Externalities 1) A monopolist is deciding how to allocate output between two markets. The two markets are separated geographically (East Coast and Midwest). The monopolists total cost is TC = 5 + 3(Qa + Qb)
ECON 204 STUDY QUESTIONS 7
Firm Supply, Industry Supply
1. Suppose that a firm uses three inputs to produce its output: capital (K), labor (L), and materials / (M). The firms production function is given by Q(K; L; M) = / / . The prices of capital, labor,
ECON 204
STUDY QUESTIONS 8
Monopoly 1) Consider a monopolist whose cost function is: c (y) = 2y, where y is the amount of output produced by the monopolist. The monopolist faces a market demand curve described by equation (p) = 11p/2, where is the quantit
ECON 204 STUDY QUESTIONS #2
Preferences 1) I like coee but when I drink more than 2 cups, it makes my stomach a bit upset, so after 2 cups, drinking more coee makes me worse o.The problem gets worse and worse, the more coee I am forced to drink (above 2 c
ECON 204
Study Questions 5
Profit maximization, Cost Minimization
1)
Acme Co. is currently producing 90 widgets/day using 100 worker hours and 50 Widge-o-matic machine hours. At this input bundle, the TRS(Technical Rate of Substitution) = -2 (assuming mac