Econ 107: Principles of Microeconomics _ Spring 2017
Answer Key for Review Questions Set 3
[Ch 4 (tax, subsidy), Ch 5, Ch 10 (including appendix)]
Part I - Multiple Choice [Circle the only correct choice]
1.
Externalities [Ch 5]
Which consequence of build
Econ 107: Principles of Microeconomics _ Spring2017
Answer Key to Review Questions Set 6
[Ch13, Ch 14, Ch 15, Ch 16]
*This set of questions includes only the latest topics, for the others please refer to the previous review questions and
homeworks.*
MULTI
Bilkent University
Department of Mathematics
Spring 2017
Math 225 Linear Algebraand Differential Equations
Homework 3
Due: Wednesday, 19.April 2017 ,
Name and Last Name:
Student Number:
Section and instructor:
Department:
Important:
There are 5 questions
Econ 107: Principles of Microeconomics _ Spring 2017
Answer Key to Review Questions Set 5
[Ch 12]
Part I - Multiple Choice [Circle the only correct choice]
1.
Perfect Competition [Ch 12]
A firm in a perfectly competitive market
a)
d) makes zero economic p
Econ 107: Principles of Microeconomics _ Spring 2017
Answer Key to Problem Set 3
[Chapter 12]
Question 1 [7 pts] Producing with a Loss
Below are the short-run cost curves of a perfectly competitive firm.
Producing with a loss in the short-run:
a. Suppose
BiLKENT UNIVERSITY
Mathematics Department
Mabh225 Differential Equations 85 Linear Algebra
Spring Semester 2016-2017
FIRST HOMEWORK ASSIGNMENT
March I, 2017
Due Date: March 8, 2017'
Name 301* TIO IV ~$ .
Id. No. . .
Section .
Dept. : .
IMPORTANT
o
Econ 107: Principles of Microeconomics _ Spring 2017
Answer Key to Problem Set 2
[Chapters 4 (tax) and 5]
Question 1 [10 pts] Externalities, Market Failure and Correction
The diagram below gives the demand (D), private marginal cost (PMC), and the social
Econ 107: Principles of Microeconomics _ Spring 2017
Answer Key to Problem Set 1
[Chapters 1 and 2]
Question [20 pts] PPF with Differing Resources & Comparative Advantage and Specialization at Home
Me and my husband can allocate 3 hours each, within a day
Solution Manual
1.
a)
^ does multiplication with itself
* does multiplication
When there is no ; character, x is shown in the command window once we hit enter button.
b) When elements are separated by , it is a row vector.
When elements are separated by ;
Econ 107: Principles of Microeconomics _ Spring 2017
Problem Set 2
[Chapters 4 (tax) and 5 ]
Due on April 06, Thu by 13:30
Question 1 [10 pts] Externalities, Market Failure and Correction
The diagram below gives the demand (D), private marginal cost (PMC)
ECON 203
Spring 2017
Exercise Set 3
1. Consider an economic agent who has preferences over the bundles (x1 ; x2 ),
which is represented by the following utility function:
u(x1 ; x2 ) = ln(x1 ) + 2ln(x2 )
(a) Formulate the consumers utility maximization pr
Econ 107: Principles of Microeconomics _ Spring 2017
Answer Key to Review Questions Set 4
[Ch 11]
* Please note that second midterm topics are Ch 4 (second half), Ch 5, Ch 10 (including appendix) and Ch 11. This set includes questions on
chapte 11 only. F
Econ 107: Principles of Microeconomics _ Spring 2017
Review Question Set 4
[Ch 11]
* Please note that second midterm topics are Ch 4 (second half), Ch 5, Ch 10 (including appendix) and Ch 11. This set includes questions on
chapter 11 only. For a complete
Econ 107: Principles of Microeconomics _ Spring 2017
Problem Set 1
[Chapters 1 and 2 ]
Due on Feb 28, Tue by 13:30
Question [20 pts] PPF with Differing Resources & Comparative Advantage and Specialization at Home
Me and my husband can allocate 3 hours eac
Answers to:
Practice Questions Chapters 1 to 6.
Introduction and Consumer Theory
ECON 203
Kevin Hasker
These questions are to help you prepare for the exams only. Do not turn
them in. Note that not all questions can be completely answered using the
materi
Practice QuestionsChapter 12 and 13
Equilibrium in Competitive Markets
ECON 203
Kevin Hasker
These questions are to help you prepare for the exams only. Do not turn
them in. Note that not all questions can be completely answered using the
material in the
Practice QuestionsChapters 9 to 11
Producer Theory
ECON 203
Kevin Hasker
These questions are to help you prepare for the exams only. Do not turn
them in. Note that not all questions can be completely answered using the
material in the chapter in which the
Practice Questions Chapters 1 to 6.
Introduction and Consumer Theory
ECON 203
Kevin Hasker
These questions are to help you prepare for the exams only. Do not turn them
in. Note that not all questions can be completely answered using the material
in the ch
Practice Questions Chapters 9 to 11
Producer Theory
ECON 203
Kevin Hasker
These questions are to help you prepare for the exams only. Do not turn
them in. Note that not all questions can be completely answered using the
material in the chapter in which th
Practice QuestionsChapter 12 and 13
Equilibrium in Competitive Markets
ECON 203
Kevin Hasker
These questions are to help you prepare for the exams only. Do not turn
them in. Note that not all questions can be completely answered using the
material in the
1
Handout on the Axioms of Choice
ECON 203
Kevin Hasker, Professor
This handout should help explain the axioms of choice more clearly, and
make the link between the mathematics and economics clearer.
Notation 1 In this handout:
1. A; B; A0 are all market
1
General Equilibrium in the Robinson Crusoe
Economy.
Robinson Crusoe is a fictional shipwrecked person from a novel by Daniel Defoe.1 In the novel he lived alone on an Island for 28 years, producing everything
he consumed by himself.2 This term has been
1
Utility Functions that will be used for General
Equilibrium.
For General Equilibrium we need to use some utility functions, but we dont
need to get too technical. Thus we are going to use three basic utility functions:
the Cobb-Douglass, the Leontief (P
Handout on the
Properties of the Cost Function
ECON 203
by Kevin Hasker
There are some fundamental properties of the cost function that are always
true. These properties might not seem all that exciting in and of themselves
but they can be used to prove e
ECON 203
Spring 2017
Exercise Set 1
1. Show that if f : R ! R is a strictly increasing function and u : X ! R is a
utility function representing the preference relation, %, then the function
v : X ! R dened by v(x) = f (u(x) is also a utility function rep
ECON 203
Spring 2017
Exercise Set 2
1. Ahmets utility over good x and y is represented by the following utility
function:
U (x; y) = x2 + y 2
(a) Maximize Ahmets utility if px = $3 and py = $4; and he has $25 to
spend.
(b) Graph Ahmets indierence curve an
1)
Consider the
3-dimensional
below:
1
1
v = 2 ,
1
Is the set of vectors
2)
f : R2 R
Let
Euclidean vector space
cfw_v1 , v2 , v3
2
2
v = 1 ,
2
R3 .
Let
v1 , v2 , v3 R3
be as dened
1
3
v = 1 .
1
linearly independent?
be a smooth function. Let
ECON 207
Fall 2016
Exercise Set 1
1. Show that if f : R ! R is a strictly increasing function and u : X ! R is a
utility function representing the preference relation, %, then the function
v : X ! R dened by v(x) = f (u(x) is also a utility function repre
ECON 207
Fall 2016
Exercise Set 3
1. Consider an economic agent who has preferences over the bundles (x1 ; x2 ),
which is represented by the following utility function:
u(x1 ; x2 ) = ln(x1 ) + 2ln(x2 )
(a) Formulate the consumers utility maximization prob
Econ 108 Principles of Macroeconomics
Section 3
Bilkent University
Omer
Faruk Akbal
Spring 2017
SYLLABUS
Email: [email protected]
Office: A216
Office Hours: Thu 13:40-15:30 (or by appointment)
Class Hours: Tue 13:40-15:30 and Thu 15:40-16:30 (in