Solution to Practice Questions
Provide a sketch of a proof for the First
Welfare Theorem
April 11, 2006
Consider an economy with 2 inputs (K, L), 2 outputs (C, F ), 2 individuals. (A, E). There is a xed amount of inputs in the economy, total capital
amoun
Part 1: Answer T rue/F alse/U ncertain and explain
why. Marks are awarded on the basis of the explanation
only. (3 marks each)
1. An isoquant may be positively sloped.
2. The production function y= 21“ 22 [3 can always be written
as a positive transformat
M idtemn 2
Eco 3 i1 53
Novenjber 4, 2071 l
R- A. Devlin
NOtSS:
1 - NO 10ng “at-nirrlable calculators: if it looks
prograrnlnablc it: will be confiscated.
2- NO cellular talcphoncs —— all such
telephones must "be kept off of your desk
and turned off. If yo
uOttawa
Université d'Ottawa
Faculté des sciences sociales
Science économique
University of OttaWa
Faculty of Social Sciences
Economic
B 613-562-5753
I 613-562-5999
55 Lauder E.
Ottawa ON K1N 6N5 Canada
www.u0tlawa.ca
Midterm Exam # 2
Eco3153
Microeconomic
u Ottawa
Université d’Ottawa
Faculté des sciences sociales
Science économique
University of Ottawa
Faculty of Social Sciences
Economics
73 613-562-5753
B 613-562—5999
55 Laurier E. 1 I P a g
Ottawa ON K1N6NS Canada
www.uOttawa.ca
ECO 3 153
Microecono
MIDTERM 1
Microeconomic Theory l|l
ECO 31 53A
Professor Rose Anne Devlin
October 3, 2012
Notes
There are 7 questions in this test and 50 points in total. This means that you should budget about
1.5 minutes per mark.
Read over all of the questions. Do th
MIDTERM 1
Microeconomic Theory III
ECO 3153A
Professor Rose Anne Devlin
September 24, 2014
Notes
There are 6 questions in this test and 50 points in total (plus a possible bonus of 4 marks). This
means that you should budget about 1.6 minutes per mark.
MlDTERM 1
Microeconomic Theory Ill
ECO 3153A
Professor Rose Anne Devlin
October 2, 2013
Notes
There are 7 questions in this test and 50 points in total. This means that you should budget about
1.5 minutes per mark.
Read over all of the questions. Do the
Midterm 3
Eco 3 153
November 19, 2010
R. A. Devlin
Notes :
1.
No programmable calculators: if it looks
programmable it will be confiscated.
No cellular telephones. If you respond to a
telephone call or a text message, I will
assume that you are trying to
MIDTERM 2
Microeconomic Theory Ill
ECO 3153A
Professor Rose Anne Devlin
November 7, 2012
Notes
There are 9 questions in this test and 50 points in total (plus a bonus question
worth 5 marks). This means that you should budget about 1.5 minutes per mark.
MIDTERM 2
Microeconomic Theory Ill
ECO 3153A
Professor Rose Anne Devlin
October 10, 2014
Notes
There are 6 questions in total and 50 marks. This means that you should budget about 1.6
minutes per mark.
Read over all of the questions. Do the questions th
MIDTERM 2
Microeconomic Theory III
ECO 31 53A
Professor Rose Anne Devlin
November 6, 2013
Notes
There are 6 questions (+ a 7‘h bonus question) in this test and 50 points (+ 5 bonus points) in
total. This means that you should budget about 1.5 minutes pe
CHAPTER 11
TEACHING TIPS
1. This chapter introduces several concepts that students will discover have interesting
applications in the real world and in their own experience. Discussing these applications,
perhaps using the texts examples, will keep things
QUESTION 1:
1)
2)
40
35
30
25
20
15
10
5
0
02
03
04
05
06
USTB3M
MICROSOFT
07
08
RESID
GE
3)
series rford=100*log(ford/ford(-1)
series rge=100*log(ge/ge(-1)
series rmicrosoft=100*log(microsoft/microsoft(-1)
series roracle=100*log(oracle/oracle(-1)
series
V. Monopoly
Practice questions with answers
April 12, 2007
1
Will a monopolist want to price-discriminate?
Problem 1 Monopolist faces two markets: rail transport of coal and rail
transport of grain. For coal the inverse demand is Pc (Q) = 40 Q and
for gra
Perfect Competition
Price Determination in the Short Run
Practice Problems and Solutions
March 21, 2006
Problem 1 Cell phone market supply is Qs = 5P 100 if P 20 and
Q = 0 otherwise, where Q is the number of customers (in thousands) served
per month.
1. I
HW 6
Solutions
May 2, 2006
Problem 1 a. 13.14, p. 517. Use the information about cobalt industry
from this problem to answer additional questions.
b. Assume there are only two rms competing against each other in
Cournot fashion. Compute the equilibrium qu
HW 4
Suggested solutions
April 5, 2006
Problem 1 Firm Jimba produces candy and its variable cost is V C (q) =
2q 3 , where q is a ton of candy. Assume, in addition, there is a xed (sunk)
cost of one thousand dollars, F C = 1.
1. What is the optimal output
HW 5
Solutions
April 19, 2006
Problem 1 Suppose Adam and Eve are the only individuals in the economy
(a small island). Adam brings 6 pheasants (x) and Eve brings 6 buckets of
apples (y) to the evening re. Their preferences are represented by the same
util
Spring 2007
Midterm: Suggested Solutions
March 15, 2007
Time: 70 min
20 percent of overall grade. Please, prove and interpret answers when
necessary.
Honor code. On my honor, as a University of Colorado at Boulder student, I have neither given nor receive
HW 4
Due March 23
March 16, 2006
Problem 1 Firm Jimba produces candy and its variable cost is V C (q) =
2q 3 , where q is a ton of candy. Assume, in addition, there is a xed (sunk)
cost of one thousand dollars, F C = 1.
1. What is the optimal output for t
Intermediate Microeconomic Theory
Final Exam
Spring 2006
Time: 2.5 hr
30 percent of overall grade. Please prove and
interpret your answers
NAME:
Signature
DATE:
Honor code. On my honor, as a University of Colorado at Boulder student, I have neither given
Intermediate Microeconomic Theory
Mid-semester examination solution
Spring 2006, March 9
Time: 70 minutes
20 percent of overall grade. Please prove & interpret answers when necessary.
NAME:
SIGNATURE:
DATE:
Honor code. On my honor, as a University of Colo
1.
1.96
= 0.196 . We see that the acf has one
100
major lag and then mostly zero thereafter. The pacf declines geometrically. We will
hence suggest a MA(1) model.
b. We have our hypotheses, H 0 : 1= 2= 3=0 ; H 1 : 1 2 3 0 . The Ljung-Box
statistic is:
0.
1.
1.96
= 0.196 . We see that the acf has one
100
major lag and then mostly zero thereafter. The pacf declines geometrically. We will
hence suggest a MA(1) model.
b. We have our hypotheses, H 0 : 1= 2= 3=0 ; H 1 : 1 2 3 0 . The Ljung-Box
statistic is:
0.
University of Ottawa
Department of Economics
Paul Makdissi
Winter 2016
ECO3153 Microeconomic Theory III
Homework #2 New Version
Problem 1. Please indicate whether each statement is true or false and justify your
answer.
a) An increase of 10% in the amount
MIDTERM 3
Microeconomic Theory Ill
ECO 31 53A
Professor Rose Anne Devlin
November 12, 2014
Notes
There are 6 questions and 50 points in total. This means that you should budget
about 1.5 minutes per mark.
Read over all of the questions. Do the questions