Economics 601
Microeconomic Analysis I
Harvey Lapan
Fall 2012
Problem Set No. 2
Due by: Thursday, August 30 (4:00 pm)
is a rational preference relation, prove that x3
2.1 If
x3
x2 , x2
x1 x3
x1 . If x3
x2 and
x1 , what can you infer about x2 as compared t
Economics 601
Microeconomic Analysis I
Harvey Lapan
Fall 2011
Problem Set No. 6 cfw_2 weeks worth of questions!
Due by: Friday, October 12, 2011
Do questions 7 and 8 from Problem Set 5.
1. Consider a two good world, where preferences are strictly quasi-co
Economics 601 Harvey Lapan
Microeconomic Analysis I
Fall 2012
Problem Set No. 3
Due by: September 10 (hand in at beginning discussion section)
1
1
3.1 Consider the greatest integer function f x : R R , which is denoted x . This function assigns
the larges
Economics 601
Microeconomic Analysis I
Harvey Lapan
Fall 2012
Problem Set No. 1
1.1. Graph the sets A, B, C
Due by: Friday, August 25
D , C
D below and decide whether or not they are convex.
x, y : x 0, y 0,
B x, y : x 0, y 0,
x 2 y Max x 4 ,0 w ;
C x, y
Economics 601
Microeconomic Analysis I
Harvey Lapan
Fall 2012
Problem Set No. 4
Due by: Monday, September 17, 2012
4.1 Expenditure Functions and Hicksian Demands: Find the expenditure functions and Hicksian
demands for the following preferences:
2
a) U x1
Economics 601
Microeconomic Analysis I
Harvey Lapan
Fall 2012
Problem Set No. 7
Due by: Friday, October 19
Do Problem #7 from Problem Set #6
L
1. Consider the production set Y R3 such that: y3 ( y1 y2 )
14
+ ( y1 y2 )
34
;
y1 0, y2 0 . Let
x1 = y1 , x2 =
Economics 601
Microeconomic Analysis I
Harvey Lapan
Fall 2012
Problem Set No. 5
Due by: Wednesday, September 26, 2012
1. Do Problems #4.5 (Slutzky compensation) from Problem Set 4.
2. Stone-Geary utility function
Assume that, for the 2-good case, the util
Economics 601 Harvey Lapan
Microeconomic Analysis I
Problem Set No. 11 Due by: Thursday, December 6, 2012
cfw_you do not have to answer all questions; these are for practice and information
Fall 2012
Finish questions from previous problem sets.
1.
[Monopo
Economics 601
Microeconomic Analysis I
Harvey Lapan
Fall 2012
Problem Set No. 9 Due by: Thursday, November 1
1. Do Question 6, Problem Set 8.
2. (Generalization of Problem 6, Problem Set 8): There are J firms; each firm produces the same good
(q) using th
Economics 601
Microeconomic Analysis I
Harvey Lapan
Fall 2012
Problem Set No. 10 Due by: Thursday, November 15
Finish problems from previous problem set
1. (Deadweight Loss and Second Best) Consider a simple general equilibrium model with three goods.
Goo
Economics 601 Harvey Lapan
Microeconomic Analysis I
Fall 2012
Problem Set No. 8 Due by: Thursday, October 25
Do Problems 6-8 from Problem Set 7, and parts of any other problem not finished.
2
2
2
1. Let q f z1, z2 z1 z2
; 0
(a) Is this function concave?;