Exam 2: A Theory of Preferences
Exam 1: Microeconomics: a Working Methodology98 Questions
Exam 2: A Theory of Preferences103 Questions
Exam 3: Demand Theory93 Questions
Exam 4: More Demand Theory94 Questions
Exam 5: Intertemporal Decision Making and Capital Values94 Questions
Exam 6: Production Cost: One Variable Input94 Questions
Exam 7: Production Cost: Many Variable Inputs96 Questions
Exam 8: The Theory of Perfect Competition102 Questions
Exam 9: Applications of the Competitive Model96 Questions
Exam 10: Monopoly99 Questions
Exam 11: Input Markets and the Allocation of Resources98 Questions
Exam 12: Labour Market Applications80 Questions
Exam 13: Competitive General Equilibrium95 Questions
Exam 14: Price Discrimination Monopoly Practices94 Questions
Exam 15: Introduction to Game Theory83 Questions
Exam 16: Game Theory and Oligopoly90 Questions
Exam 17: Choice Making Under Uncertainty86 Questions
Exam 18: Assymmetric Information, the Rules of the Game, and Externalities98 Questions
Exam 19: The Theory of the Firm96 Questions
Exam 20: Assymetric Information and Market Behaviour101 Questions
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Sheila has preferences represented by the utility function U (x, y)= 8x + 4y. She consumes 12 units of good x and 3 units of good y. If her consumption of good x is lowered to 10, how many units of y must she have in order to be exactly as well off as before?
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Given the utility function U(x1,x2)= min(x1,x2), the marginal rate of substitution when x1 equals
X2 is:
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