Krister Ahlersten Essentials of Microeconomics: Exercises Download free books at Download free eBooks at bookboon.com 2 Krister Ahlersten Microeconomics Exercises Download free eBooks at bookboon.com 3 Microeconomics – Exercises 1 st edition © 2008 Krister Ahlersten & bookboon.com ISBN 978-87-7681-412-0 Download free eBooks at bookboon.com Click on the ad to read more Microeconomics – Exercises 4 Contents Contents 1 Consumer heory 10 1.1 Preferences 10 1.2 e Budget Line 11 1.3 Utility Maximization 12 2 Demand 13 2.1 Price Changes 13 2.2 Income Changes 13 2.3 Elasticities 14 3 Production 15 3.1 Denitions 15 3.2 e Production Function 16 4 Costs 17 4.1 Costs in the Short Run 17 4.2 Costs in the Long Run 18 www.sylvania.com We do not reinvent the wheel we reinvent light. Fascinating lighting offers an infinite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges. An environment in which your expertise is in high demand. Enjoy the supportive working atmosphere within our global group and benefit from international career paths. Implement sustainable ideas in close cooperation with other specialists and contribute to influencing our future. Come and join us in reinventing light every day. Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Microeconomics – Exercises 5 Contents 5 Perfect Competition 19 5.1 Denitions and Assumptions 19 5.2 e Firm’s Short-Run Prot Maximization 20 5.3 e Firm’s Long-Run Prot Maximization 21 6 Monopoly 22 6.2 Monopoly Prot Maximization and Eciency Problems 22 6.3 Price Discrimination 23 7 Game heory 24 7.1 Basic Concepts 24 7.2 Games on Normal Form 24 7.3 Games on Extensive Form 25 8 Oligopoly 26 8.2 e Cournot Model 27 8.3 e Bertrand Model 27 9 Monopolistic Competition 28 360° thinking . © Deloitte & Touche LLP and affiliated entities. Discover the truth at www.deloitte.ca/careers