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Microeconomic Theory

12th Edition

NICHOLSON

Publisher: Cengage

ISBN: 9781337517942

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Problem 2.1P:

Suppose f(x,y)=4x2+3y2 . a. Calculate the partial derivatives of f. b. Suppose f(x,y)=16 . Use the...

Problem 2.2P:

Suppose a firm’s total revenues depend on the amount produced(q) according to the function R=70qq2 ....

Problem 2.3P:

Suppose that f(x,y)=xy . Find the maximum value for f if xand y are constrained to sum to 1. Solve...

Problem 2.4P:

The dual problem to the one described in Problem 2.3 isminimize x+y subject to xy=0.25 . Solve this...

Problem 2.5P:

The height of a ball that is thrown straight up with a certainforce is a function of the time (t)...

Problem 2.6P:

A simple way to model the construction of an oil tanker is to start with a large rectangular sheet...

Problem 2.7P:

Consider the following constrained maximization problem: maximizey=x1+5lnx2subjecttokx1x2=0, where k...

Problem 2.8P:

Suppose that a firm has a marginal cost function given by MC(q)=q+1 . a. What is this firm’s total...

Problem 2.9P:

Concave and quasi-concavefunctions Show that if f(x1,x2) is a concave function, then it is also...

Problem 2.10P:

The CobbDouglas function One of the most important functions we will encounter in thisbook is the...

Problem 2.11P:

The power function Another function we will encounter often in this book is thepower function: y=x...

Problem 2.12P:

Proof of the envelope theorem inconstrained optimization problemsBecause we use the envelope theorem...

Problem 2.13P:

Taylor approximations Taylor’s theorem shows that any function can be approximatedin the vicinity of...

Problem 2.14P:

More on expected value Because the expected value concept plays an important role inmany economic...

Chapter 2 - Mathematics For MicroeconomicsChapter 3 - Preferences And UtilityChapter 4 - Utility Maximization And ChoiceChapter 5 - Income And Substitution EffectsChapter 6 - Demand Relationships Among GoodsChapter 7 - UncertaintyChapter 9 - Production FunctionsChapter 10 - Cost FunctionsChapter 12 - The Partial Equilibrium Competitive ModelChapter 13 - General Equilibrium And Welfare

We offer sample solutions for Microeconomic Theory homework problems. See examples below:

Suppose f(x,y)=4x2+3y2 . a. Calculate the partial derivatives of f. b. Suppose f(x,y)=16 . Use the...Graph a typical indifference curve for the following utilityfunctions, and determine whether they...Each day Paul, who is in third grade, eats lunch at school. Helikes only Twinkies (t) and soda (s),...Thirsty Ed drinks only pure spring water, but he can purchaseit in two different-sized containers:...Heidi receives utility from two goods, goat’s milk (m) andstrudel (s), according to the utility...Power Goat Lawn Company uses two sizes of mowers to cutlawns. The smaller mowers have a 22-inch...Suppose there are 100 identical firms in a perfectly competitive industry. Each firm has a short-run...Suppose the production possibility frontier for guns (x) and butter (y) is given by x2+2y2=900 a....A monopolist can produce at constant average and marginal costs of AC=MC=5. The firm faces a market...

Corresponding editions of this textbook are also available below:

Microeconomic Theory: Basic Principles and Extensions (with Economic Applications, Infotrac Printed Access Card) - 11th Edition

11 Edition

ISBN: 9781111525538

Microeconomics Theory

11 Edition

ISBN: 9781111222901

Bundle: Microeconomic Theory, Loose-leaf Version, 12th + Mindtap Economics, 1 Term (6 Months) Printed Access Card

12 Edition

ISBN: 9781337127363

Microeconomic Theory: Basic Principles and Extensions (MindTap Course List)

12 Edition

ISBN: 9781305505797

Mindtap Economics, 1 Term (6 Months) Printed Access Card For Nicholson/snyder's Microeconomic Theory: Basic Principles And Extensions

12 Edition

ISBN: 9781305629035

EBK MICOECONOMIC THEORY:BASIC PRIN.+EX.

12 Edition

ISBN: 9781305886933

MICROECONOMICS

12 Edition

ISBN: 9780357021972

Microeconomic Theory, Loose-leaf Version

12 Edition

ISBN: 9781305629004

Bundle: Microeconomic Theory: Basic Principles and Extensions, 12th + MindTap Economics, 1 term (6 months) Printed Access Card

12 Edition

ISBN: 9781337198202

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