Problem Set 3
Econ 200
I. Short Case Study Problems
1. The demand for TAs at the University of Chico is approximated by the inverse demand
function w = 30000 125n, where w is the annualized wage and n
Problem Set 2 - ECON 200 - Fall 2016
Answer Key
October 18, 2016
Part I
Short Case Study Problems
1 Supply in the Short and Long Run
A rm has production function ln y = 13 ln x1 + 12 ln x2 . Input 2 i
Ryan Oprea Econ 200, Fall 2009 Homework #3 This homework is due on the nal day of classes. You may consult with others on the homework, but must turn in your own work (i.e. please dont copy homework f
Problem Set 1
Econ 200
I. Short Case Study Problems
1. At one time, the US domestic wheat supply (in millions of bushels per year) was
fairly steady at approximately S(p) = 1800 + 240p, where p is the
ECON 200 - PS 4 - Fall 16
ANSWER KEY
November 23, 2016
Part I
Short Case Study Problems
1
Consulting Fees and Cost of Information
If the market for your new product turns out well (G) you will gain in
Final Exam Review for Intermediate Microeconomics
Econ 100A
(UCSC)
March 2009
Econ 100A (UCSC)
Optimization Theory
03/09
1 / 11
Consumer Theory
We have a utility function: U = x4y4 We have our budget
Econ 200 - PS4
Dar Bareket-Shavit
November 22 2016
1
Problem 1
(a)
= .5(10) + .5(5) = 2.5 Million
Yes, we should bring the product out to market given our profit of $ 2.5 million
profit.
(b)
1
= .5(
Ryan Oprea Econ 200, Fall 2008 Homework #2 This homework is due on October 29 at the beginning of class. You may consult with others on the homework, but must turn in your own work (i.e. please dont c
Ryan Oprea UCSC Econ 200, Fall 2009 Microeconomic Analysis This course is an introduction to microeconomic theory, a set of tools for modeling, predicting and evaluating market behavior. The course wi
Ryan Oprea Econ 200, Fall 2008 Homework #1 This homework is due on October 10 at the beginning of class. You may consult with others on the homework, but must turn in your own work (i.e. please dont c
7. Oligopoly
Some of this material can be found in Varian Chapter 16.
Sections 5-6, 8-10 are especially recommended.
I. Overview
A. So far we have only looked at two extreme types of markets.
1. Compe
Local issues for MS thesis
Engagement with the Unified Corridors Study
The Regional Transportation Commission (RTC) has hired a consultant to study the potential for various
projects along three paral
7. Monopoly
Back to Varian! Ch 14 covers almost everything in these notes, and more!
I. Simple Monopoly vs. Perfect Competition
A. The core behavioral rule is just the same.
The firm maximizes profit.
Econ 200 Lecture Notes
by Dan Friedman, UCSC, Fall 2017
Preface
These notes are are intended to help students follow in-class lectures, to organize readings,
and to anticipate questions to ask in clas
8. Oligopoly
Some of this material can be found in Varian Chapter 15-16; see especially 16.5-16.10.
I. Overview
A. So far we have only looked at two extreme types of markets.
1. Competitive markets ha
3. Cost and Technology Microeconomic Analysis, Chapters 1-5 Intermediate Microeconomics, Chapter 18-23 I. Describing the Firm A. The neoclassical description of the rm is really just a description of
Econ 200 - PS3
Dar Bareket-Shavit
November 8 2016
1
Problem 1
(a) The mean of the lottery ticket value is the expected value:
E[X] =
k
X
pi mi = (.1 12) + (.9 0) = 1.2
i=1
The variance is as follows:
Problem Set 2
Dar Bareket-Shavit
October 18 2016
1
Problem 1
*4-5 hours with Ben and Alfonso
A) c(y) = c(x1 , x2 , y), given x1 = 8, and x2 = 5. This means we have to
set up the cost minimization prob
Econ 200 - PS1
Dar Bareket-Shavit
October 4, 2016
1
Problem 1
a) The market clearing price, or competitive equilibrium price, is found by
setting demand equal to supply, or D(p) = S(p). Therefore, in
Ryan Oprea Econ 200, Fall 2008 Homework #3 This homework is due on the nal day of classes. You may consult with others on the homework, but must turn in your own work (i.e. please dont copy homework f
Ryan Oprea Econ 200, Fall 2009 Midterm Exam This midterm is due in class on November 17. You may not work on this exam with any other party, though you are welcome to ask me to clarify mysterious ques
Ryan Oprea Econ 200, Fall 2009 Homework #2
This homework is due on November 3 at the beginning of class. You may consult with others on the homework, but must turn in your own work (i.e. please dont c
Ryan Oprea Econ 200, Fall 2009 Homework #1 This homework is due on October 15 at the beginning of class. You may consult with others on the homework, but must turn in your own work (i.e. please dont c
5. Monopoly I. Monopoly vs. Competition A. The core behavioral rule is just the same. 1. The rm maximizes prot. max py c(y ) B. The resulting decision rule is the same. 1. The rm still sets marginal r
4. Competitive Firms I. Prot Maximizing A. The core behavioral assumption about rms in economics is that they act to maximize prots. 1. We now have two behavioral assumptions about rms (prot maximizat
2. Preferences and Demand Microeconomic Analysis, Chapters 7-9 Intermediate Microeconomics, Chapter 3-5; 8-9 I. Preference Orderings A. Bundles 1. 2. 3. 4. Our main goal with this section is to model
Ryan Oprea Econ 200, Fall 2008 www.ryanoprea.com/econ200 1. Competitive Markets I. The Economic Environment A. The rst task in applying economic theory is to describe the economic environment in a way
Economics 216
UC Santa Cruz
Assignment 2
1. In some cases you may know that the intercept of an equation is 0. This is called regression
through the origin:
Derive the expression for the coefficient B
Economics 200
Dan Friedman
Fall 2016
UCSC
ProblemSet2
I. Short Case Study Problems. Where insufficient information is provided, write down an
explicit and reasonable assumption, and proceed. Be sure t
1
2
3
4
5
6
7
8
9
10
Number of people Number of people
with the value
with the cost
0
6
0
0
2
0
3
4
0
4
1
0
3
2
0
1
4
0
4
0
Executed prices, Executed prices,
period 1
period 2
7
6
6.1
5
6
6
6
5
5.9
6