Essentials of Microeconomics Exercises

Krister Ahlersten
Essentials of Microeconomics:
Exercises
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Krister Ahlersten
Microeconomics Exercises
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3

Microeconomics – Exercises
1
st
edition
© 2008 Krister Ahlersten &
bookboon.com
ISBN 978-87-7681-412-0
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Microeconomics – Exercises
4
Contents
Contents
1 Consumer heory 10
1.1 Preferences 10
1.2 e Budget Line 11
1.3 Utility Maximization 12
2 Demand 13
2.1 Price Changes 13

2.2 Income Changes 13
2.3 Elasticities 14
3 Production 15
3.1 Denitions 15
3.2 e Production Function 16
4 Costs 17
4.1 Costs in the Short Run 17
4.2 Costs in the Long Run 18
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Microeconomics – Exercises
5
Contents
5 Perfect Competition 19
5.1 Denitions and Assumptions 19

5.2 e Firm’s Short-Run Prot Maximization 20
5.3 e Firm’s Long-Run Prot Maximization 21
6 Monopoly 22
6.2 Monopoly Prot Maximization and Eciency Problems 22
6.3 Price Discrimination 23
7 Game heory 24
7.1 Basic Concepts 24
7.2 Games on Normal Form 24
7.3 Games on Extensive Form 25
8 Oligopoly 26
8.2 e Cournot Model 27
8.3 e Bertrand Model 27
9 Monopolistic Competition 28
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