bài tâp về kinh tế vi mô

... 100 and determine the real price of butter in 1990 dollars. To convert the CPI into 1990=100, divide the CPI for each year by the CPI for 1990. Use the formula from part (a) and the new CPI numbers ... that results in a great opportunity for arbitrage, such as the market for blue jeans in the old Soviet Union.

Ngày tải lên: 23/12/2013, 14:15

... drastically affect demand because people must have this good. Many people, on the other hand, may view instant coffee, as a convenient, though imperfect, substitute for roasted coffee. For example, ... 5P G , and Supply: Q S = 14 + 2P G + (0.25)(16) = 18 + 2P G . Equating supply and demand and solving for the equilibrium price, 18 + 2P G = 60 - 5P G , or P G = $6. The price of natu...

Ngày tải lên: 23/12/2013, 14:15

... Chapter 3: Consumer Behavior 3. If Jane is currently willing to trade 4 movie tickets for 1 basketball ticket then she must like basketball better than movies. True or false? Explain. ... always willing to trade 4 movie tickets for 1 basketball ticket then yes she likes basketball better because she will always gain the same satisfaction from 4 movie tickets as she does from ... s...

Ngày tải lên: 23/12/2013, 14:15

... will fall when price is increased. Chapter 4: Individual and Market Demand 41 CHAPTER 4 INDIVIDUAL AND MARKET DEMAND EXERCISES 1. An individual sets aside a certain amount of his income ... quantities and prices of the products to determine total sales revenue. 10. By observing an individual’s behavior in the situations outlined below, determine the relevant income elasticities ....

Ngày tải lên: 23/12/2013, 14:15

... out with the same accumulation of savings at some future date. Chapter 5: Uncertainty and Consumer Behavior 77 If drivers are risk neutral, their behavior is only influenced by the expected ... insurance would be based on each driver’s probability of receiving a parking ticket and on the opportunity cost of providing service. (Note: full insurance leads to moral hazard problems, to ......

Ngày tải lên: 23/12/2013, 14:15

... increasing, constant, or decreasing returns to scale? What happens to the marginal product of each individual factor as that factor is increased, and the other factor is held constant? a. q = 3L + ... and q 2 = 37.372L 0.4 . To determine the production function with the highest marginal productivity of labor, consider the following table: L q Firm 1 MP L Firm 1 q Firm 2 MP L...

Ngày tải lên: 23/12/2013, 14:15

... $50,000 per year to start his own computer software business in a building that he owns and was previously renting out for $24,000 per year. In his first year of business he has the following expenses: ... marginal cost has a U shape and that its minimum is positive, using the same procedure, i.e., solving for Q at minimum marginal cost − , and substituting into the expression for marg...

Ngày tải lên: 23/12/2013, 14:15

... PS=0.5*(115-15)*25=1250. 12. A number of stores offer film developing as a service to their customers. Suppose that each store that offers this service has a cost function C(q) = 50 + 0.5q + 0.08q 2 and a marginal ... maximize profit because this is the point closest to where price equals marginal cost without having marginal cost exceed price. At a price of $50, the firm should produc...

Ngày tải lên: 23/12/2013, 14:15

... the tariff. To analyze the influence of a tariff on the domestic hula bean market, start by solving for domestic equilibrium price and quantity. First, equate supply and demand to determine ... equilibrium wage rate be? Let w denote the wage received by the employee. Then the employer receiving the $1 subsidy per worker hour only pays w-1 for each worker hour. As shown in Figure 9.1.b,...

Ngày tải lên: 23/12/2013, 14:15

... in solving the regulator’s problem is to determine the market demand for electricity in Lake Wobegon. The quantity demanded in the market is the sum of the quantity demanded by each individual ... and should consider the entire demand curve when choosing prices for its products. As their advisor, you should focus on the determination of the elasticity of demand for each product. There .....

Ngày tải lên: 23/12/2013, 14:15