EC 203.3
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 3 Solution
Thursday 6 November 2014
Consider an economy with 2 goods and prices given by p1 = 1 and p2 = 1: A consumer with
income m = 10 has t
FALL 2010
EC 203
Aye Mumcu
Boazii University
PROBLEM SET 3
1) A consumer has the utility function , = and an income of $24. Initially the
price of good 1 is $1 and the price of good 2 is $2. Then the
FALL 2010
EC 203
Aye Mumcu
Boazii University
PROBLEM SET 9
1)
A competitive firm produces output using three fixed factors and one variable factor.
The firms short run production function is = 305 2
FALL 2010
EC 203
Aye Mumcu
Boazii University
PROBLEM SET 5
1) Ahmet has utility function , = min, where are his consumption periods 1 and
2, respectively. He earns $147 in period 1 and he will earn $1
FALL 2010
EC 203
Aye Mumcu
Boazii University
PROBLEM SET 1
1) Professor Kriakopf gives 3 midterms. She drops the lowest and gives each student his/her
average score on the other exams. Rana is taking
FALL 2010
EC 203
Aye Mumcu
Boazii University
PROBLEM SET 4
1) Zeyneps utility function is mincfw_x, 5y. The price of x is 1, the price of y is 10.
Zeyneps initial endowment consists of 10 units of x a
FALL 2010
EC 203
Aye Mumcu
Boazii University
PROBLEM SET 8
1)
Draw the isoquants for the following production functions
a. , = 2 +
b. , = min cfw_,
c. , = +
d. , =
e. , = min cfw_2, +
2)
Explain
Boazii University
Department of Economics
EC203 Microeconomics I-Fall 2016
PS5
1) (Chp 14) Ahmet consumes one good x and y is his income to spend on other goods. His
utility function for x and y is gi
Boazii University
Department of Economics
EC203 Microeconomics I-Fall 2016
PS6
1. (Chp31) In a two-person, two-good exchange economy, both consumers have quasilinear utility functions, linear in good
Boazii University
Department of Economics
EC203.03 Microeconomics I-Fall 2015
PS4
1) (Chp 9) TRUE OR FALSE. Explain. If his wage rate increases, then a utility
maximizing consumer will necessarily inc
Boazii University-Department of Economics
EC203 Microeconomics I-Fall 2016
Levent Yldran
PS7
1. (Math-Multivariate Optimization) A flat circular plate has the shape x2+y2 1. The
temperature distributi
Ec 203.02 Microeconomics I
Summer 2017
Tentative Syllabus
Office: NB 208A
Office hours: by appointment via e-mail.
e-mail: [email protected]
Course Assistant: TBA
Office: NB 207
Phone: 359 7636
Of
EC 203.02 PS 2
Questions to be solved during the session: 1, 2, 6, 9, 10, 12
Question 1
Mehmets utility funtion is um (x, y) = xy. Alis utility function is ua (x, y) = 1000xy. Defnes
utility function
EC 203.01 and 0.3
FALL 2010PS 11
1. A competitive firm has the short-run cost function c(y) = y32y 2 +5y +6.
Write down equations for:
(a) The firms average variable cost function.
(b) The firms margi
FALL 2010
EC 203
Aye Mumcu
Boazii University
PROBLEM SET 10
1)
A firm has fixed costs of $1000. Its short run production function is = 9/ , where
x is the amount of variable factor it uses. The price
FALL 2010
EC 203
Aye Mumcu
Boazii University
PROBLEM SET 2
1) Zeyneps utility function is mincfw_x, 5y+z. The price of x is 1, the price of y is 10, and
the price of z is 3. Zeyneps income is 27. How
EC 203.3
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 5 Solution
Thursday 11 December 2014
While discussing the revealed preferences proof of the Law of Input Demand and Output
Supply, we argue tha
EC 203.2
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 3 Solution
Thursday 6 November 2014
Consider an economy with 3 goods and prices given by p1 = 1; p2 = 1 and p3 = 1: A consumer
with income m =
EC 203.2
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 4 Solution
Thursday 27 November 2014
Consider an economy with two goods (good 1 and good 2) and two consumers (Ms. A and
Mr. B). For Ms. A, goo
EC 203.2
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 5 Solution
Tuesday 9 December 2014
Consider an exchange economy with two goods and two consumers (Ms. A and Mr. B).
Endowments are given by ! A
EC 203.3
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 4 Solution
Thursday 4 December 2014
Consider an economy with two goods (good 1 and good 2) and two consumers (Ms. A and
Mr. B). For Ms. A, good
EC 203.2
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 6 Solution
Thursday 18 December 2014
A rm has cost function given by
C (y) =
1. What is the rms sunk cost, C (0)?
8
>
< 4
>
:
if y = 0
y 2 + 20
EC 203.2
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 2 Solution
Thursday 30 October 2014
Consider a consumer in an economy with n = 2 goods. Prices are given by p1 = 20 and p2 = 25:
The consumers
EC 203.3
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 6 Solution
Thursday 18 December 2014
A competitive rm has cost function given by
8
>
< 4
C (y) =
>
: 2
y + 20
if y = 0
if y > 0
Do your best to
EC 203.2
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 1 Solution
Tuesday 14 October 2014
Consider a consumer in an economy with n = 2 goods. The consumer has income m = 100:
Prices are given by p1
EC 203.3
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 2 Solution
Thursday 30 October 2014
Consider a consumer in an economy with n = 2 goods. Prices are given by p1 = 20 and p2 = 25:
The consumers
EC 203.3
Fall 2014
Deniz Selman
Bo
gazii University
Quiz 1 Solution
Thursday 16 October 2014
Consider a consumer in an economy with n = 2 goods. The consumer has income m = 100:
Prices are given by p1