Econ 102B (Summer 2008) Problem Set 1 (Due Monday, August 4th) 1) Consider a two-person pure exchange economy with two goods, A and B, and two consumers, 1 and 2. 1's utility function is given by u=u(A1, B1) and 2's utility function is given by v=v(A
Problem Set #3
Prof. D. Malueg SOLUTIONS Econ 102B
1. (a) For player 2, R strictly dominates L, so delete L. (b) In the reduced game, for player 3 A strictly dominates B, so delete B. (c) In the reduced game, for player 1 T strictly dominates B, so
Prof. D. Malueg
Problem Set #1
Due in Discussion Section the week of January 14th .
Econ 102B
INSTRUCTIONS: Answer all of the questions. Show your work. 1. Sophia faces random income of $1200 with probability 3/4 and $800 with probability 1/4. Sop
Prof. D. Malueg
Problem Set #2
Due in Discussion Section the week of January 21st .
Econ 102B
INSTRUCTIONS: Answer all of the questions. Show your work. 1. Matt is trying to decide whether to go to college. If he starts work right out of high scho
Econ 102B: Microeconomic Theory
Professor David Malueg Office: 3136 Sproul Hall Office hours: 9:4510:45 TR and by appointment Winter 2008 Telephone: 8271494 Email: david.malueg@ucr.edu
Class Time: 8:109:30 am TR Class Room: B118 Bourns Hall Discussi
ECON102B (Summer 2008)
The Optional Essay Assignment
Due August 27th
In the first three chapters of her Economics for Humans Julie A. Nelson criticizes the widely used metaphor of the "economy as a machine." According to this view, production, cons
Econ 102B (SSII 2008) Problem Set 4, PART 1 (You don't need to turn in solutions)
1) Tristan and Isolde had made plans to meet either at the soccer game or at the opera. Yet, they have lost all means of communication before finalizing their plans. T
Econ 102B (SSII 2008) Problem Set 3 (You don't need to turn in solutions. But you are responsible for them!) 1) For each of the following three games in normal form, answer the following questions: (i) What is the set of Nash equilibria of the game?
Econ 102B, Summer Session II, 2008 Problem Set 2 (Due Wednesday, August 13th) 1. Consider an economy with one producer and one consumer. There are two goods: food (F) and labor (L). The production function is given by Fp=3Lp, and the consumer's margi