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📘 microeconomics

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Marginal Utility
1. **State the problem:** Donna consumes tulips and pizzas. Prices are 5 per tulip and 10 per pizza. Currently, she consumes 18 tulips and 9 pizzas. We need to calculate the margin
Brie Demand
1. The problem asks for the prices and quantities of brie at points A and B on Hayden's demand curve. 2. From the bread and brie combinations graph, point A corresponds to brie qua
Consumer Equilibrium
1. **Problem statement:** Given the utility function $$UT = 2X^{3/2}Y^{1/2}$$ with prices $$P_X = 9$$, $$P_Y = 3$$ and nominal income $$R = 480$$, find the consumer's equilibrium q
Demand Supply Subsidy
1. **Stating the problem:** Given the demand function $P=36-4Q$ and the supply function $P=18+2Q$, we need to find: (a) Equilibrium price and quantity before subsidy.
Demand Supply Tax
1. Problem: We have demand: $P=30-2Q$ and supply: $P=6+Q$. We want to find equilibrium price and quantity before and after tax, new supply function, tax burden division, and graph.
Fungsi Demand Supply
1. Masalah: Diberikan dua fungsi kuantitas $Q$ berupa (a) $Q = 50 - 5P$ dan (b) $Q = 22 + 2P$. Tentukan mana fungsi demand dan supply, lalu temukan market equilibrium. 2. Identifi
Microecon Equilibrium
1. **Problem Statement:** Calculate the equilibrium prices and quantities for a two commodity market model. 2. **Step 1: Define demand and supply functions for each commodity.**
Returns Scale Isoquants
1. **Problem statement:** We analyze the returns to scale from the given table of output (Q) outputs for different combinations of labour (L) and capital (K). 2. **Returns to scale
Island Escape Curves
1. **Problem Statement:** Analyze the effects on demand and supply curves for the "Island Escape" tour package under different scenarios including price changes, endorsements, and
Cobb Douglas Profit
1. **Problem:** Given the Cobb-Douglas production function $$Q = L^\alpha K^\beta$$ with $$\alpha = \beta$$ and total cost $$TC = wL + rK$$, write the profit function. 2. **Step 1:
Cobb Douglas Profit
1. **Stating the problem:** We have a Cobb-Douglas production function $$Q = L^\alpha K^\beta$$ with $$\alpha = \beta$$, and a total cost function $$TC = wL + rK$$. We want to:
Indifference Curve
1. Stating the problem: We need to graph a typical indifference curve for a utility function. An indifference curve shows combinations of goods that provide the same utility level.
Indifference Curves
1. Problem: Investigate the convexity of indifference curves and the behavior of the Marginal Rate of Substitution (MRS) for each utility function. A typical indifference curve is
Utility Function
1. **State the problem:** Given the utility function $$u(x_1, x_2) = 2x_2$$, interpret and analyze it. 2. **Interpretation:** The utility function depends only on the variable $$x_