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Intermediate Microeconomic Theory
Fall 2015
Homework #1 - Part A
The homework exercises are increasingly di cult. You should start as soon as
possible so as to not fall behind. Contact me or a Daniel at the tutoring center
for help.
Math Review:
Exercise
Intermediate Microeconomic Theory
Fall 2015
Homework #1 - Part B
Choice:
Exercise 7:
For this exercise replace A with the last digit and B with the second-to-last
digit of your ASU ID#.
Assume preferences can be represented by the following utility functi
Exam 1 Solutions - ECN 312
Professor Madhav Chandrasekher
:JIIECUOIIS: Please write your name and student identification number on the scantron
orm. Only choose one answer for each question and clearly bubble your answer on the
lscaliztron form. There are
Exam 3 Solutions ECN 312
Professor Madhav Chandrasekher
Directions: Please write your name and student identication number on the scantron
form. There are a total of 40 points with each question worth 2 points. Good luck.
1. A strategy in a game is said t
Exam 2 Solutions - ECN 31?.
Professor Madhav Chandrasekher
Directions: Please write your name and student identification number on the scantron
form. There are a total of 40 points with each question worth 2 points. Good luck
1. Determine which of the fol
Midterm Review
Intermediate Micro Theory
ECN 312
1
Disclaimer
This is not a 100% COMPREHENSIVE overview.
Production
Production Function:
y = f(L)
y = f(L,K)
Usually 2 Inputs. Usually L and K.
Cobb Douglas
Perfect Complements
Perfect Substitutes
Qua
Stock picking
o If market is not efficient, it could be profitable to spend time, energy and
expertize researching stocks and earning capital gains
o Consider opportunity cost
Agency Theory
o Problems and solutions
o Adverse selection
Borrower knows mor
Intermediate Microeconomic Theory
Fall 2015
Homework #1 - Part B
Choice:
Exercise 7:
For this exercise replace A with the last digit and B with the second-to-last
digit of your ASU ID#.
Assume preferences can be represented by the following utility functi
Intermediate Microeconomic Theory
Fall 2016
Homework #1 - Part B
Choice:
Exercise 7:
For this exercise replace A with the last digit and B with the second-to-last
digit of your ASU ID#.
Assume preferences can be represented by the following utility functi
Consumer Theory Overview
Intermediate Micro Theory
ECN 312
Exam Rules.
Open book, open note
Calculators permitted
Laptops, cell phones, and ALL other devices
prohibited
No sharing of answers, ideas, notes, pencils,
pens, erasers, rulers, calculators,
ECN 312
Professor Kelly Bishop
W. P. Carey School
Arizona State University
Midterm Exam #2 SAMPLE SOLUTIONS
Intermediate Microeconomic Theory
INSTRUCTIONS:
(1)
This exam consists of 4 questions worth a total of 120 points. Point allocations are indicated
Problem Set 1 SOLUTIONS
ECN 312 - Intermediate Microeconomic Theory
Spring 2017
1. Consider the market for apartments in Tempe.
There is only one local apartment owner, Lord Land, who supplies apartments on a
monthly basis. The number of apartments suppli
Problem Set 4 - due 2/28/14
ECN 312 - Intermediate Microeconomic Theory
Please make sure that your problem set is legible and stapled. Please write your name
and section number on your problem set. On your graphs, please label axes, curves,
intercepts, an
Problem Set 3
ECN 312 - Intermediate Microeconomic Theory
Spring 2017
Please make sure that your problem set is legible and stapled. Please write your name
and section number on your problem set. On your graphs, please label axes, curves,
intercepts, and
Problem Set 2 - SOLUTIONS
ECN 312 - Intermediate Microeconomic Theory
Spring 2017
Please make sure that your problem set is legible and stapled. Please write your name
and section number on your problem set. On your graphs, please label axes, curves,
inte
Chris Lacayo, Section: 10879
March 25, 2016
Problem Set 6
ECN 312 - Intermediate
Microeconomic Theory
1. (20) Suppose that you sell shamrock t-shirts for St. Patricks Day. The market
for these t-shirts is perfectly competitive. Your short-run cost functio
Chris Lacayo
SID: 1204879971 ECN312-10879-21533
Problem Set 8
ECN 312 - Intermediate
Microeconomic Theory
1. (35) Consider an industry with two firms producing an identical product. Each firm
has a marginal cost of 10 and a fixed cost of 20. Market (inver
Chris Lacayo
SID: 1204879971 ECN312-10879-21533
Problem Set 7
ECN 312 - Intermediate
Microeconomic Theory
1. Firms Acme and Best operate in a market with demand given by: P
(Q) = 80 Q. Each firm has costs given by: C(Q) = 10Q.
has three possible output le
Chris Lacayo
ID#: 1204879971
4/27/2016
Problem Set 9
ECN 312 - Intermediate Microeconomic Theory
1. (50) Suppose that you are a monopolist selling widgets. You face costs
of C(Q) = 10 + 2Q2. Suppose you face the following market demand:
P = 1500 *Q
(a) (5
Chris Lacayo, ID# 10879
Feb/25/2016
Problem Set 4
ECN 312 - Intermediate Microeconomic Theory
Please make sure that your problem set is legible and stapled. Please write
your name and section number on your problem set. On your graphs, please
label axes,
Chris Lacayo, SID: 1204879971
Section: 10879 Session C
March 14, 2016
Problem Set 5
ECN 312 - Intermediate Microeconomic Theory
Spring 2014
1. Consider the production of electric power. An electric power utilitys production
process is characterized by the
Chris Lacayo, ID# 10879
Feb/25/2016
Problem Set 4
ECN 312 - Intermediate Microeconomic Theory
Please make sure that your problem set is legible and stapled. Please write
your name and section number on your problem set. On your graphs, please
label axes,
ECN 312
Professor Kelly Bishop
W. P. Carey School
Arizona State University
Midterm Exam #1
Intermediate Microeconomic Theory
SAMPLE EXAM
INSTRUCTIONS:
(1)
This exam consists of 3 questions and is worth a total of 130 points. Point allocations are
indicate
Intermediate Macroeconomics
ECN 312 Summer 2015
Lecture 2: Math Review
Functions
A function is a rule that describes a relationship between numbers.
Ex. = 2 or = 2 or = () or = (1 , 2 )
The variable x is often called the independent variable.
The set o
ECN 312
Professor Kelly Bishop
W. P. Carey School
Arizona State University
Midterm Exam #2 - SAMPLE
Intermediate Microeconomic Theory
INSTRUCTIONS:
(1)
This exam consists of 4 questions worth a total of 120 points. Point allocations are indicated
next to
ECN 312
Professor Kelly Bishop
W. P. Carey School
Arizona State University
Midterm Exam #1 - SOLUTIONS
Intermediate Microeconomic Theory
SAMPLE EXAM
INSTRUCTIONS:
(1)
This exam consists of 3 questions and is worth a total of 130 points. Point allocations
ECN 312
Professor Kelly Bishop
W. P. Carey School
Arizona State University
Midterm Exam #1
Intermediate Microeconomic Theory
INSTRUCTIONS:
(1)
This exam consists of 3 questions and is worth a total of 115 points. Point allocations are indicated
next to ea