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 po
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
Louisiana State University
Spring 2013
Economics 4720
Professor David Brown
FAKE
Problem Set #1
Answer Key
1. An individual sets aside a certain amount of his income per month to spend on his two
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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
CHAPTER4
INDIVIDUAL AND MARKET DEMAND
EXERCISES
1.Anindividualsetsasideacertainamountofhisincomepermonthtospendonhistwo
hobbies, collectingwineand collecting books. Given the information below, illus
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 doe
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 t
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
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,
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,
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 don
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
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
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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
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
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 d
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
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
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:
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 mar
Quiz#5
Econ4720
Oct16,2014
1. Whenthepriceofcommoditychanges,thechangeinthequantityofthecommoditycan
bedecomposedintoa
a. productioneffectandpriceeffect
b. productioneffectandincomeeffect
c. productio
ECON 4720 Intermediate Microeconomic Theory Problem Set for Ch.
1,2,3 & 4
1) Yagamichi Plastics makes 80 fiberglass truck hoods per day for large
truck manufacturers. Each hood sells for $500.00. Yaga
ECON 4720 Intermediate Micro Theory Review Questions Exam 2
1) H.I. Growers, LLC produces medicinal marijuana. The firm's production
function is given as:
Q = 5LK,
where Q = pounds of marijuana, L = l
Practice Problems: Ch 19-23
ECON 4720
1. If pM P1 > w1 , then should the firm increase or decrease the amount of factor 1 in order
to increase profits?
2. Suppose a firm uses two good in the productio
Practice Problems: Ch 6-8
ECON 4720
1. Consider Ann, Bob, and Cathy who receives utility from units of food, x1 , and units of
1/2 1/2
entertainment, x2 . Anns utility function is x1 x2 , Bobs utility
Problem Problems - Final
ECON 4720
Monopoly
1. There is only one firm in the market with a cost function of c(Q) = 40 + 10Q + Q2 . The
market demand curve for is p(QD ) = 250 5QD .
(a) Solve for the m