Basic Microeconomics.

Topics Included can be :

Module 1: Introduction to Microeconomics Definition, Principles, and Division of Economics Positive vs. Normative Economics Fundamental economic problems Thinking like an economist Production Possibility Frontier Type of Economic Systems Module 2: Markets and Welfare The market forces of supply and demand Elasticity and its applications Market Equilibrium > Supply, Demand, and Government Policies Government Intervention in the Market and Welfare effects. Consumers, Producers, and the Efficiency of Markets Module 3: Consumer and Firms' Behavior The theory of Consumer Choice Indifference curves and budget line Total and Marginal Utility Utility Maximization The theory of Production Cost of Production Various Measures of Costs Costs in the short-run and long-run12:26 PM | 2.2KB/s all all @ 12% docs.google.com/fo AD 10 . .. Given the following market * 2 points supply and demand curves, how much is the area of the total benefit that both consumers and producers receive from the trade? (Note: Your answer must be round off in whole number). 45 ah 35 30 25 + 15 2 37 40 50 60 70 80 90 10 10 120 150 Your answer Given the following market * 2 points supply and demand curves, how much is the consumer surplus? (Note: Your answer must be12:26 PM | 60.2KB/s X D Q 20 37 40 50 60 70 80 90 DO JID 120 150 Your answer Given the following market * 2 points supply and demand curves, how much is the consumer surplus? (Note: Your answer must be round off in whole number). 45 4D 35 25+ 15- In 20 37 40 50 60 70 80 90 DO J10 120 150 -55 Given the following market * 2 points supply and demand curves, how ! much is the producer surplus? (Note: Your answer must be12:26 PM | 0.1KB/s 20 37 40 50 60 70 80 90 DO J10 120 150 -55 Given the following market * 2 points supply and demand curves, how much is the producer surplus? (Note: Your answer must be round off in whole number). 45 ah 35 - 15 20 37 40 50 60 70 80 90 DO JID 120 150 Your answer Page 6 of 8 Back Next Clear form Never submit passwords through Google Forms.12:26 PM | 97.7KB/s X all all @ 12% docs.google.com/fo AD 10 . .. Given the following utility * 2 points schedule, how much is the quantity of the saturation point? Quantity Total Utility 0 0 10 50 20 60 30 63 40 65 50 64 O 20 O 30 40 O 50 10 Oo12:26 PM | 0.6KBI'S EL The following shows the * 2 points schedule of your marginal utility (MU) for Good A and B. The price of good A is $1, while $2 for Good B. Suppose that the budget of the consumer is $14, how much is the total utility that the consumer may get considering the combinations of both goods that maximizes his utility? (The answer should be in whole number) Your answer Given the following utility * 2 points n schedule, how much is the marginal utility oiven that the I 4 12:26 PM | 0.1KBI'5 EL L1,.\" I L '-' ]l_-.. .- Your answer Given the following utility * 2 points schedule, how much is the marginal utility given that the quantity increases from 10 to 20? (Note: Your answer must be round off in whole number). Quantity Total Utility 10 20 30 40 50 Your answer A consumer tends to buy more * 2 points of a product as its price fails because the purchasing power n of the consumer is increased and the consumer tends to buy I Q