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  • Mit14 01scf11 Final

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    Saad Malik
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    MIT Course ware, principle of microeconomics, practise , practice question, solution, Free resource material, first term, intermediate microeconomics

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    MIT Course ware, principle of microeconomics, practise , practice question, solution, Free resource material, first term, intermediate microeconomics

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views23 pages

    Mit14 01scf11 Final

    Uploaded by

    Saad Malik
    MIT Course ware, principle of microeconomics, practise , practice question, solution, Free resource material, first term, intermediate microeconomics

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 23

    Final Exam

    $1000 40%

    35%
    $200
    2





    $200
    $100

    U = u(y) =

    log(y 60)
    y < 160

    y 160

    80 y





    12
    1
    2

    q = f (K, L) = 4K + 2L

    r = 4
    w = 4



    q p = 7 q


    t = 0, 1, 2 t = 1

    1

    U1 (N1 , C1 ) = N12

    C
    12


    C1 + w1 N1 = 24w1

    w1 = 10
    t = 2
    1

    U2 (N2 , C2 ) = N23

    C
    23


    C2 + w2 N2 = 24w2

    w2 = 20
    t = 1, 2

    t = 1


    t = 0
    1/(1.1) 1/(1.1)2

    t = 0
    t = 1 w1 = 20
    t = 2 w2 = 30



    QU S = 120 2pU S
    QEU = 60 pEU
    M C = 10

    pU S pEU

    MIT OpenCourseWare
    http://ocw.mit.edu

    14.01SC Principles of Microeconomics

    Fall 2011

    For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms.

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