MAE 201: Tutorial work for week 2
Please read the relevant materials from the text book and attempt these
questions BEFORE attending the tutorial.
Question 1:
Suppose that Fred is addicted to cocaine
MAE 201: Tutorial work for wk 6
Question 1
The production function at Ginkos Copy shop is q = min (L, 3K) where q is the number of
copies, L is the hours of labour used, and K is hours of copy machine
Tutorial work for week 7
Question 1
Suppose that a firms production function is given by q 0.5 L0.5 K . What might be the shape
of its LAC curve?
Question 2
In the short run, a firm cannot vary its ca
MAE 201: Tutorial work for week 1
This tutorial is meant to help you brush up your knowledge on demand curves, supply
curves, elasticities and market equilibrium that you learnt in MAE 101. We will
ex
MAE 201: Tutorial work for week 3
Question 1:
Fiona requires a minimum level of consumption, a threshold to derive any utility.
Hence her utility is given by U(X, Z) = 0 if X + Z 5. Otherwise, it is g
Tutorial Week 4: Mock Test Question
Nikeya and Vicky both purchase milk and cookies at the same Quick Mart. They have
regular convex but different preferences for milk and cookies and different income
MAE 201: Tutorial work for week 5
Please read the relevant materials from the text book and attempt these
questions BEFORE attending the tutorial.
Question 1:
Linda loves buying shoes and going out to