Basic Microeconomics

Technological Institute Of The Philippines

Hier vind je de beste samenvattingen om te slagen voor Basic Microeconomics. Er zijn o.a. samenvattingen, aantekeningen en oefenvragen beschikbaar.

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Case uitwerking

Strategies under Cournot Oligopoly Model
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2

augustus 2021

2020/2021

A+
Below is an example of the quantity of output produced by two competing firms under a Cournot Oligopoly models. Answer the questions below. 1. In the game depicted above, what is the equilibrium strategies that player A and B must produce? 2. If the two players decide to collude, at what quantity both firms should produce?
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Case uitwerking

Demand Schedule of Hypothetical Demand and Supply Schedule of Rice in Million Metric Tons Per Year
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2

augustus 2021

2020/2021

A+
Base on the above data, answer the following questions. a. Identify the equilibrium price and equilibrium quantity. b. Compute the shortage and surplus and justify why your answer in letter (a) above is correct. c. Graph the demand and supply of rice using excel. d.What is the elasticity of demand if the Price is 100? Interpret the result. Identify the degree of responsiveness. e.What is the elasticity of supply if the price is 120? Identify the degree of responsiveness.
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Overig

Consumer, Producer and Economic Surplus
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2

augustus 2021

2020/2021
Determine the following: Show your solution. 1. What is the consumer surplus? 2. What is the producer surplus? 3. What is the economic surplus?
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Samenvatting

Comparison between Attributes of Market Structures
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1

augustus 2021

2020/2021
Compare and contrast the monopoly market structure with a purely competitive market structure.
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