ECON 107 • Midterm II + Final • Principles of Microeconomics

Externalities I (Externalities in Production)

Externalities II (Externalities in Consumption)

Solutions for Externalities I (Public Solutions)

Solutions for Externalities I (Private Solutions and Coase Theorem)

Public Goods and Common Resources

Question 1 - Externalities

Question 2 - Externalities

Question 3 - Externalities

Question 4 - Externalities

Utility

Budget Constraint Part I

Budget Constraint Part II

Utility Maximization

Consumer Preferences and Indifference Curves

Change in Price or Income (Substitution and Income Effects)

Question 1 - Budget Constraint

Question 2 - Budget Constraint

Question 3 - Utility Maximization

Production Process

Short-Run Costs

Short-run Costs Example

Long-run Costs

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14

Profit Maximization

Perfect Competition

Profit and Loss in Perfect Competition

"Shut down" & "Exit" Decisions

Perfect Competition Example

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question 13

Question 14

Question 15

Question 16

Question 17

Question 18

Question - Diminishing Marginal Returns

Question - Diminishing Marginal Returns 2

Question - Diminishing Marginal Returns 3

Question - Marginal Product

Question - Short-run Costs 1

Question - Short-run Costs 2

Question - Short-run Costs 3

Question - Short-run Costs 4

Question - Short-run Costs 5

Question - Return to Scale

Question - Economies and Diseconomies of Scale

Question - Perfect Competition 1

Question - Perfect Competition 2

Question - Perfect Competition 3

Question - Perfect Competition 4

Question - Production Decision in Perfect Competition

Question - Product Decision in Perfect Competition 2

Question - Product Decision in Perfect Competition 3

Question - Product Decision in Perfect Competition 4

Question - Profit Maximization in Perfect Competition

Question - Shut Down Point and Short-run Supply Curve in Perfect Competition

Question - Pareto Optimality

Core Concepts of Monopoly

Profit and Loss in Monopoly Market

Social Cost of Monopoly and Price Discrimination

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Monopolistic Competition and Oligopoly

Game Theory Concepts and Solutions

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Question 8

Question 9

Question 10

Question 11

Question 12

Question - Monopoly

Question - Monopoly 2

Question - Monopoly 3

Question -Monopoly 4

Question - Monopoly 5

Question - Monopoly vs Perfect Competition 1

Question - Monopoly vs Perfect Competition 2

Question - Social Cost of Monopoly

Question - Regulation of Monopoly