ECON Advanced microeconomic theory I Midterm exam Intermediate Microeconomic Theory Winter
ESSB. PSPB. LanguageH. In the static Bertrand duopoly model with homogeneous product the firms name prices simultaneously. Marginal costs are constant at Consider the infinitely repeated game based on this stage game.
Show that the firms can use trigger strategies that switch forever to the stage game Nash equilibrium after any deviation to sustain the monopoly price level in a subgame-perfect Nash equilibrium. The inverse market demand function for a duopoly is given by: How does this equilibrium differ from the case where the firms act as a joint monopolist?
What is the magnitude of the inducement to cheat on the collusive agreement? Assuming that qL effectively deters entry, what profit would a monopolist earn by using qL? Consider the Dixit capacity investment model when the inverse market demand function is given by: Briefly outline some mechanisms to resolve this paradox.
State and discuss the Sen impossibility theorem of a Paretian liberal. Suppose that the constant marginal cost for all firms is 10 and there are no fixed costs.
What is the Cournot-Nash equilibrium? What profit will each firm earn? How many firms will enter the market?Econ Past Exam Essay Words | 8 Pages. THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ECONOMICS SESSION 1, ECONllOl MICROECONOMICS I FINAL EXAMINATION TIME ALLOWED - 2HOURS THIS PAPER IS WORTH 60% OF THE TOTAL SUBJECT MARK This examination paper consists of two parts - Part A and Part B Part A consists of 20 multiple choice .
Exam Overview. The AP Microeconomics Exam measures students' knowledge of microeconomics principles and their ability to reason within the discipline.
Encourage your students to visit the AP Microeconomics student page for exam information and exam practice. Free microeconomics papers, essays, and research papers.
Principals of Microeconomics - In the modern economic system presented in the world today, microeconomics, and the study of such, is a vital part of the budding economic scholar.
Dec 11, · Questions are worth different marks. The following items are authorised in the examinationi room: A print dictionary that translates English into a foreign language A scientific calculator This exam paper cannot be removed frorn the examination room.
A copy of this exam paper will be held in the Baillieu Library.5/5(1). Dec 11, · Questions are worth different marks. The following items are authorised in the examinationi room: A print dictionary that translates English into a foreign language A scientific calculator This exam paper cannot be removed frorn the examination room.
A copy of this exam paper will be held in the Baillieu Library. Econ Midterm 1 solutions 1. Practice Exam: Midterm 1 2. Practice Exam: Last Year's Midterm 1 3. Practice Exam: Last Year's Midterm 1 (Answers) Practice_MT2_econ_withanswers 4.