This text was adapted by The Saylor Foundation under a Creative
Commons Attribution-NonCommercial-Share-Alike 3.0 License without
attribution as requested by the works original creator or licensee.
Saylor URL: http:/www.saylor.org/books
Hal R. Varian
University of California at Berkeley
W. W. Norton & Company New York London
c 1992, 1984, 1978 by W. W. Norton & Company, Inc.
All rights reserved
Printed in the United Sta
ECON 5113 Advanced Microeconomics
Answers to Selected Exercises
Instructor: Kam Yu
The following questions are taken from Geoffrey A. Jehle above in u, that is, for some p 0, there exists M > 0
and Philip J. Reny (2011) Advanced Microeconomic