Louisiana State University
ECON 4720 Intermediate Microeconomic Theory
Fall 2010
Midterm #1
Dr Brown
PLEASE COMPLETE THE FOLLOWING INFORMATION:
NAME (PRINT): _
1
Multiple Choice (48 points):
Q25 (6 points):
Q26 (10 points):
Q27 (11 points):
Q28 (5 points)
Econ 4720
Homework #1
Due Date: Start of class September 11, 2014
1. Algebra Problems: for each set of equations, solve for x and y.
a. 2 + 3 = 1, + 5 = 3
b. 3/4 + /3 = 1/2, /2 5/6 = 7/2
c. 2 + = 2, 6 + 3 + 3 = 9 (h
Informal Fallacies
22:39
Fallacyerror in reasoning.
Arguments always fail, logically speaking in two main ways:
1. If one or more of the premises is false (unsound, uncogent) then the
premises cannot support the truth of the conclusion
2. if the premises-
CHAPTER4
INDIVIDUAL AND MARKET DEMAND
EXERCISES
1.Anindividualsetsasideacertainamountofhisincomepermonthtospendonhistwo
hobbies, collectingwineand collecting books. Given the information below, illustrate
boththepriceconsumptioncurveassociatedwithchange
Econ 4720
Homework #4
Due: December 2nd, 2015
Chapter 18
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1. A firm's production function is ! , ! = !/! ! (! =
! =
!/!
!
!/!
!
!/!
!
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!
and
). Suppose ! is fixed at 64.
a. Draw the graph of the production function with ! on the hori
Homework #1
Econ 4720
Due: September 14, 2015
Chapter 2
1. Liz has a monthly income of $200. She only buys two things: rice and beans. Suppose
rice cost $4 per pound and beans $2 per pound.
a. What is Liz's opportunity cost for one more pound of rice?
b.
Homework #3
Econ 4720
Due: Wed Oct. 28th, 2015
Chapter 8
1. Charles consumes burgers and steaks. His utility function is ! , ! = ! ! .
The price of burgers is $1, the price of steak is $2, and his income is
Homework #3
Econ 4720
Due: Wed Oct. 28th, 2015
Chapter 8
1. Charles consumes burgers and steaks. His utility function is ! , ! = ! ! .
The price of burgers is $1, the price of steak is $2, and his income is
Homework #2
Econ 4720
Due September 28 at the start of class.
Chapter 5
1. Consider Bob who only consumes donuts and coffee in fixed proportions. Bob
consumes 2 donuts with each cup of coffee.
a. Write down a
Econ 4720
Fall 2015
Quiz #3
1. Jim only consumes beefy double cheese burritos (b) and tacos (t). Jim is always
indifferent between three beefy double cheese burritos and two tacos.
a. Write down Jim's utility function.
, = 2 + 3
b. Write down Jim's deman
Logan Cooper
ECON 4720
Why Are Bad Girls at the Bar, and the Good Ones at Church?:
An Economic Analysis of Human Capital
A phenomena that plagues the young males of my generation is that attractive
young women are hard to find at places conducive to socia
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Louisiana State University
ECON 4720 Intermediate Microeconomic Theory
Spring 2011
Midterm #2
Dr Brown
PLEASE COMPLETE THE FOLLOWING INFORMATION:
NAME (PRINT): _
1
Multiple Choice (42 points):
Q22 (10 points):
Q23 (12 points):
Q24 (5 points):
Q25 (8 point
Homework #3
Econ 4720
Due: Monday October 10th, 2016
Chapter 8
1. Charles consumes burgers and steaks. His utility function is ! , ! = ! ! .
The price of burgers is $1, the price of steak is $2, and his income is $40 a
day. The price of steaks
LSU
Department of Economics
Study question
1)
a) What is a fixed factor of production? What is a variable factor? Explain and give examples.
Fixed factor: a fixed factor of production is one that doesnt vary depending on output. An
example would be rent,
Homework #6 - Solutions
Econ 4720
Due: Nov 30, 2016
Chapter 24
1. If a profit-maximizing monopolist sells at a price of 10 and marginal cost of 5,
a. the own price elasticity of demand must equal?
= -2
b. marginal revenue must equal?
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octets to each game. What ts the
l. lamhertRogers Company is a manufacturer of petrochemical products. The firm'a research efforts have
resulted in the development of a new auto fuel inpectot cleaner that is Considerath more effective than other
products on the market. Another firm. (5..
EXAM l
Miemeconomic Theory
Fall 2013
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or
answers the question. Each question is worth 3 points (total 60 pts)
1. Which of the following is a normative statement?
A) The taxes
EXAM 3
ECON 4720
Mlcroceonomlc Theory
Fall 20l3
MULTIPLE CHOICE: Choose the one alternative that best completes or answers the qlution.
Each Question is worth 3 points (total 75 points).
1o 20 30 40 50 so 70 so 90 0(Wid9els)
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LSU
Department of Economics
Prof. Mocan
Econ 4720, Spring 2015
Answers to HW 1
1) Suppose the market demand curve for pizza can be expressed as QD = 100 - 2P + 3Pb, where
QD is the quantity of pizza demanded, P is the price of a pizza, and Pb is the price
LSU
Department of Economics
Prof. Mocan
Econ 4720, Spring 2015
HW 1
1) Suppose the market demand curve for pizza can be expressed as QD = 100 - 2P + 3Pb, where QD is the
quantity of pizza demanded, P is the price of a pizza, and Pb is the price of a burri
Homework #4
Econ 4720
Due: Monday October 24th, 2016
Chapter 14 and 15
1. There are two consumers in the market. A high demand consumer and low
demand consumer. The high demand consumer has the following inverse
demand function: = 20 5. The low d
Econ 4720
Homework #2
Due September 29th, 2014
1. For the following sets of goods draw two sets of indifference curves, U1 and U2 where U2 > U1
Please draw the good listed first on the horizontal axis.
a. Hot d
Econ 4720 - HW #4
Due Oct 23rd , 2014
1.
Consider Bob who consumes only apples, A, and bananas, B. Bobs
preferences are described by the following utility function: , =
min 2, 3
a. Derive Bobs demand function fo
Econ 4720
Homework #3
Due Oct 14, 2014
1. Mary consumes two goods, Diet Coke (X) and Cheeseburgers (Y). Marys Utility
function is represented by 3XY2 . Her marginal utility function for x is 3Y2. Her
margi
ECON 4720
Intermediate Microeconomic Theory
Syllabus Fall 2014
Professor: Briggs Depew
Office: 2312 Business Education Complex
E-mail: [email protected]
Office Hours: Friday 1:00 3:00, or by appointment
Class Time: T & Th 12:00 1:20, 1920 Business Education
Homework #6
Econ 4720
Due: Nov 30, 2016
Chapter 24
1. If a profit-maximizing monopolist sells at a price of 10 and marginal cost of 5,
a. the own price elasticity of demand must equal?
b. marginal revenue must equal?
2. For each of the fo