Tutorial assignment 4
Due at the beginning of your week 5 tutorial
1. In 2008 many households fixed their mortgage rates for the duration of the mortgage. Later in 2008 the
nominal interest rate elsew
Tutorial assignment 4 Due at the beginning of your week 4 tutorial
1. In 2008 many households fixed their mortgage rates for the duration of the mortgage. Later in 2008 the nominal interest rate elsew
1 Tutorial 2
1.1
Consumers in Queensland pay twice as much for avocados as they do
for peaches. However, avocados and peaches are equally priced in SA.
If consumers in both states maximize utility (an
ECOS2001 Intermediate Microeconomics
Mid-Semester Exam
Form 1
Semester 1, 2010
You have 110 minutes to complete the exam.
Student last name:
_
Student first name(s): _
Student number:
_
Please ensure
ECOS2001 Intermediate Microeconomics Suggested sketch of the answers for Homework 2 1. Consider 2 goods: apple ( xa ) and bananas ( xb ). Charlie's utility function is given by U xa , xb = xa xb .
(1)
ECOS2001
Lecture 11 Chapter 27 Oligopoly
Monopoly:
An industry consisting a single firm
Duopoly:
An industry consisting of two firms
Oligopoly:
An industry consisting of a few firms
Each firms own
Budget Constraints
Budgetary and Other Constraints on Choice A consumption choice set is the collection of all consumption choices available to the consumer. What constrains consumption choice? Budget
Semester 1 2012
Page 1 of 4
THE UNIVERSITY OF SYDNEY
FACULTY OF ARTS & SOCIAL SCIENCES
Intermediate Microeconomics
ECOS2001
Mid-Term Exam
CONFIDENTIAL
Family Name :_WRITTEN_
First Names :_GRADING KEY
1 Tutorial 1
1.1
[Budget Constraint] Antonio buys 8 new college textbooks during his
first year at school at a cost of $50 each. Assume that he buys only
new books. Used books cost only $40 each. When
ECOS 2001 Tutorial 5 1. The demand function for football tickets for a typical game at a large Midwestern university is D(p) = 200 000 10 000p. The university has a clever and avaricious athletic dire
ECOS2001 Intermediate Microeconomics Suggested sketch of the answers for Homework 4 1. Question 12.1 from Workouts in Intermediate Microeconomics: A Modern Approach, by Theodore Bergstrom and Hal Vari
Problem set 6. Due week 8 at the beginning of your tutorial. Problem 1. Perfect Substitutes Production. The firms technology is such that one unit of output can be produced either using 2 units of cap
Problem Set 2: Solutions
ECON 301: Intermediate Microeconomics
Prof. Marek Weretka
Problem 1 (Marginal Rate of Substitution)
(a) For the third column, recall that by denition MRS(x1 , x2 ) =
Utility
ECOS2001 Intermediate Microeconomics
Mid-Semester Exam
Form 1
Semester 1, 2010
You have 110 minutes to complete the exam.
Student last name:
_
Student first name(s): _
Student number:
_
Please ensure
Tutorial assignment 4
Due at the beginning of your week 5 tutorial
1. In 2008 many households fixed their mortgage rates for the duration of the mortgage. Later in 2008 the
nominal interest rate elsew
Tutorial assignment 3 Due at the beginning of your week 4 tutorial
1. Suppose we live in a world where there are just two goods to consume. Can both of them be: a. Normal? b. Income inferior? c. Ordin
ECOS2001 Practice exam no. 3
1. Consider the market for drug Y. The patent for Drug Y held by a firm Pharmagoods, and
there are no close substitutes. Drug Y was developed over ten years and cost Pharm
Tutorial assignment 2 Due at the beginning of your week 3 tutorial
1. Consumers in Queensland pay twice as much for avocados as they do for peaches. However, avocados and peaches are equally priced in
ECOS2001: Intermediate Microeconomics For Week 3 Tutorials (tutorials during week of 19 March 2012)
ECOS 2001 Tutorial 2
1. Consider 2 goods: apple ( xa ) and bananas ( xb ). Charlie's utility functio
ECOS2001 Practice exam no. 3
1. Consider the market for drug Y. The patent for Drug Y held by a firm Pharmagoods, and
there are no close substitutes. Drug Y was developed over ten years and cost Pharm
Homework 10. Due at the beginning of you tutorial on week 12 1. Stag hunt. Two guys go hunting for food, and each can choose to hunt stag or hunt hares. Only if both players hunt stag will they succee
ECOS2001 Intermediate Micro Economics
Suggested sketch of the answers for Tutorial 1
Question 1:
Your budget is such that if you spend your entire income, you can afford either 6
units of good x and 6
ECOS 2001 Tutorial 9 1. A monopolist has an inverse demand curve given by p(y) =20 y and a cost curve given by c(y) = y2 (a) What will be its profit-maximizing level of output? (b) Suppose the governm
ECOS2001 Intermediate Microeconomics
Mid-Semester Exam
Form 1
Semester 1, 2011
Stream 3
You have 110 minutes to complete the exam.
Student last name:
_
Student first name(s): _
Student number:
_
Pleas
ECOS2001: Intermediate Microeconomics
Practice for Mid-term Exam (exam 24 April)
ECOS 2001 Mid-term Examination Preparation
These are suggested practice problems for the upcoming mid-term exam. The ob
End of Chapter Problems, Perloff Microeconomics, Third and Fourth Edition
Chapter 2
#15 3rd Edition: Using the estimated demand function for processed pork in Canada (Equation
2.2), determine how pric
ECMT 463-100 Summer 2008 Raul Ibarra-Ramirez
Practice Questions for Exam 3 _
1) The overall regression F- statistic tests the null hypothesis that A) the intercept in the regression and at least one,
ECOS 2001 Tutorial 6
1. Morris Zapp and Philip Swallow consume wine and books. Morris has an initial endowment 0f 60 books and 10 bottles of wine. Phillip has an initial endowment of 20 books and 30 b
Chapter Thirty Two
Exchange
Exchange
Two consumers, A and B.
Their endowments of goods 1 and 2
are A
A A
B
B B
( 1 , 2 ) and ( 1 , 2 ).
A
B
E.g. ( 6,4 ) and ( 2, 2).
The total quantities availabl
Tutorial assignment 5
Due at the beginning of your tutorial on Wednesday week 3
1. Mike is going to Lake Taupo and takes $2500 with him. With probability he will lose $1600 on his
way. Thus he will sp
Ecosmm
Tiesda q A?! 20\7
M inmwO
l W
devincc CUW at:
LAowx W WW bu
conSYmSL-k
Pswhwx mwhntdyn "> We 1 W
U51 p; )3 Mch'mMsmj m Cobb-Devan: (105012): A3941;
> HO COW SMOWS m .
Z. SubshIL mm m Esc = vr