IERSr 76 y ters, 3 alee’ ) was < 8 6 Stockholm University Identification number Department of Economics Instructions: Write your identification number on each answer sheet. All answers should be submitted within this folder. Course name: _\nkermediahe. Micraeconomies Date:_24/2-20'A Exam result Total points | |i Grade &SESS" NATIONALEKONOMISKA INSTITUTIONEN. ID-nr /1D no. 8} U2 SVARSARK / ANSWER SHEET Fraga / Question: Kurs / Course: _|* remediate Microeconamits Datum /Date: 2 “1y = 20 \A Ve A) max Ub KESXK\x, SE Qui ePaxe = 25 Khe (Ki, R= Bx xe FACE HPER HM) tbe ax.- RP =O.) v bee Bxir RETO Gow Le pig Page ed (oo) sre ‘ Rearrange and OY: Ky. ef L 2 Gyy Ex =r => X2= Gu) whe feartorged amid ace 7 Masshallian mand gos \ pare y em + apyem == sR OY iat aoe lat Shaki sen (Ao) (Vv) indo fv)! | a " (4 {0 Ka aes AY Dy) ee HzO ves gord-Lis-anorwal gor. / Bothy geeds arc varmal gods since if income goes JP, dsmand sdeS up) aad if ineame gows savin, Anwend yoek dawn, Gis 1S the itigh_af x feel IQood, and'since ve holds in gut caseswe hove vatwal aneds! tye ys : normal good. L~ ses 77 @ ged Lis & armal goo. @) Sf{ AR BUR pe ee Eph ate ) eob eee hi Bs oxi He op RS is) 2) 1 | | UV : | The price elasticndy measures ene relative change A | iw quantity an telabidme Yo a relakive charee in = pice. In owt care. witle Lele \) ik means that TE price inccease with ( Slo, quantity will Teccdse with \lo rpyent ew z ’) Ue Bx pF 4s ace ce iS molt RID Te OA beans ferivation funefio! We we ZS pig, & would nok Ss Bi Be A positiie, monelor at Re Frese oth) 2) Frodo Views x and x, as subshilubes. His UEIY Conder UGarale Shia indleates Saad one K, gives kre same UMlity ag three Ko. Comparing These. < ssen wis peices? P= &, PF yields: \y% gests S Bx, casty S256 | Ths) Shows that Frodo onty wilh ory ky" goods . Since VMAS Ft Cheaper” than Brg K, -qedde, ys in berms of cost per uty iby Bogie UY eats sx 2 and yields Subile.B aelel a 6 and Yields Subwl5: Wynd BRA stats (9 As a cesult, Frade gpends nokling. of his bieteecagad [hh ce eee eeroe / FH pes, 2 | ew ~‘Saseigke®_ NATIONALEKONOMISKA INSTITUTIONEN ID-nr / 1D no. 8léjz| SVARSARK / ANSWER SHEET Frga / Question: _2. Kurs /Course:_\wlerwadiale Miestecenomics Datum /Date:_Z4/ 02.20 12 2. peroo Pet 200 oe fe 5 Cs FOSTE A EAA = SE BK * won fe 2005-108 weet if I i | ae, 200-204 FO es hy " 1 we x + Pr iS by ie Lia coh b) max tie 2006 = SH 74 oe eo => leez0 | 2M 2 290- [be | The protik veel ok Es EWS case! I | pet ty ee 5 aie t00 DH oot i 2 2000-1660 ~ = Bet tZ=10 36 iree200 20-5920 -24= = 4990 - 2000 — Z4H=\VtE I APR xt warts OMe = Looe Aone LOO HIL= = BOVe S\ Ss) psSmrecge’ riteevont 2503+ 2008-108 MPH SEB R 4) won TT = 54k 2M 2200-20g=0 =? {s* os ies ean) AEs 200-WF 70 > (f= to| € ir } Gamba ant pret e) lye 2oo-10F 200!20-10/10" Pe 200g + 4000 - 1060 -Ib F438 - 2800 TI = Good = BodG+4$-B2= SOIL i \ Total prohtS are now Zolb, nv cemper'seh vo the previonS level gf Sal2.The profits have way inertased when Gandalf picks Lhe \eele of spfancd K since Khe externality 1h Wis case ore been internalized. the Tevel of exlerrality hasbeen reduced fram K=B to K'= 2, this is agan Ave to the extervalily hagbeeh internalized ij bbe prohik makimizing problems Hence, trie case of Geandal® picking levels 1S more efficient than bhe Case when he did nol tes is Feve 5 Smee we Row Kove Wightr Lokal prafits than belort, M8 Cpo0't {D-nr /10 no. ‘vet NATIONALEKONOMISKA INSTITUTIONEN f 3 ] Gye SVARSARK / ANSWER SHEET Fraga / Question: “S Kurs /Course: [nbecmediate MictaecensmicS patum/Date: 24/2 2012 3. PW)=22-2y Thig io A case of | ae f wenepaly sires. we bau eM Ay oo anly Bl seteriok a gad. a= aa ed he Lisk wilt Rk marin 20, GEA Chena etn Pay-ty AREAL aged . eae me= Plasle 22-24,5> 22-4] ley aes ¥ Fe aye [Peet Sb ~ oe The quem tity (A on “oh Vie waibek willl in th Iv 4, et Libres TOC been witle Re peice of \%. £) Simulboneau s quently l Cournot | mer “eter 2ypeye\= eet ys iP The Renelg ate oo shy Htepsy SF Sante Hae Fe | max Te ae 2yF- aye Hyp 4 $4 C1) MS ( = 5 we SOSA Se BOr\ealB @) Belore Hee Pranelig Pawn ener ste waste, Samide beer moles lprofits of 50,6. After FPP enbrs FR marked Sy mates erets of The reason foc the deertated. peatits, eClar EPP ewiered tt warteh, is that Sbi he longer iS bre. Sale grducer iw the marl Lite Sb coset ack asa monopalitt any Langer, CompeHiion | ends | to lower prices and higher quaiwtitics on mattets J and as wort aud more Companies ewkers a meaflety The peaklts im tha machet Will Arerense and go to 4.‘SRS NATIONALEKONOMISKA INSTITUTIONEN 1D-nr / ID no. 3b2| SVARSARK / ANSWER SHEET Fraga / Question: “| urs /Course:_Iwlermediale Mico ecanericd — patum/pate: 24 / 2 2012 Uy aylek all inpots inarease. wir welt Es. i Vg Pt ll gM atl ei tle (Zp | jetty AQ b4) any dhighy! es ae Be ee | / f reece, DEEL (GL) since ¢ Met Ge “| decreasin sekuens to seale Peps | ae ign thes (on apboral Level oh bast Ge