Intermediate Economics 100B
Amjad Toukan
Summer Session II 2015
PROBLEM SET 1
Due (at the start of lecture) on August 11th, 2015
(1) Suppose that two identical firms produce widgets and that they are the only firms
in the market. Their costs are given by

Intermediate Economics 100B
Amjad Toukan
Summer Session II 2014
PROBLEM SET 1
Due (at the start of lecture) on August 14th, 2014
(4)
Given: # of Firms : 2
C1(Q1) = 60.Q1
C2(Q2) = 60.Q2
Demand Curve: P = 300 Q where Q = Q1 + Q2
(a) Find the Cournot-Nash Eq

Economics 100B
Midterm Examination
Instructor: Amjad Toukan
Student Name:_Student ID#:_
You have 1 hour for this examination. It is a closed note/book exam. You may use a nonprogrammable calculator only. Explain all of your answers and show all of your wo

Intermediate Economics 100B
Amjad Toukan
Summer Session II 2015
PROBLEM SET 2
Due on Tuesday, August 25th, 2015
1) Cournot Model with Asymmetric Information
- Suppose the inverse demand function is P(Q) = 30 0.2 (Qjoe + Qsarah)
- Joe has a constant margin

Intermediate Economics 100B
Amjad Toukan
Summer Session II 2014
PROBLEM SET 2
Due on Thursday, August 28th, 2014
Question (1a) and (1b) Cournot-Nash Equilibrium with Asymmetric Information
First, solve for Sarahs Reaction Curve (for some cost C2)
= P(Q)

FINAL EXAM
The final exam will be held on Thursday, March 17th (4 6 pm) in EH1200. It is
partially cumulative and will include the following topics:
1. Monopolistic Competition (Ch. 12.1),
2. Markets for Factor Inputs (Ch. 14.1 and 14.2 (except Demand for