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6E:104 Microeconomic Theory
Fall, 2014
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Problem Set 2
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6E:104 Microeconomic Theory
Spring, 2014
Score:_
Problem Set 1
2014
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and you may consult the course teaching staff for assistance, but the answers you
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Jodie Upchurch
Micro Theory Notes
Monopoly Markets Chapter 11
1.
Monopoly Market consists of a single seller facing many buyers, one assumption is that
there are barriers to entry.
The monopolists objective is to maximize profits.
Monopolist sets output s
Jodie Upchurch
Micro Theory Lecture 1 Notes
Chapter 1 What is Economics?
1. Economics- Behavioral Science that studies the decisions of individuals, and groups as they
strive to maximize their wants while working with limited resources.
a. Two types of ec
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6E:104 Microeconomic Theory
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Problem Set 4
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Solutions
6E:104 Microeconomic Theory
Problem Set 5
Due time: May 6th
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Jodie Upchurch
Mircro Theory Lecture Notes
Chapter 3- Modeling preferences
1. Definitions
Basket- a particular combination of goods and individual might choose also called a bundle
Commodity space- set of all possible baskets; we take c-space to be 2-di
Jodie Upchurch
Micro Theory Lecture notes
Chapter 2 Supply & Demand
1. Demand and Supply model specifies the relationship between price and quantity as observed in
the marketplace for goods and services. It is the most important, common, and useful model
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6E:104 Microeconomic Theory
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Problem Set 3
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answers you subm