# All Educational Materials for Rudi Bachmann

## Popular Study Guides

U OF MECON 401AllFall

## ECON 401 Exam 1

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U OF MECON 401Rudi BachmannWinter

## ECON 401 Study Guide - Final Guide: Bertrand Competition, Nash Equilibrium, Best Response

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Monopolist chooses a quantity and can sell at price determined by inverse demand: pd(q) Monopolist maximizes profits: max p(q) * q c(q) P(q) + p"(q)q =
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Frequently-seen exam questions from 2014 - 2018.
U OF MECON 401AllFall

## ECON 401 Exam 1

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U OF MECON 102AllWinter

## ECON 102 Final Exam Winter 2010

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U OF MECON 101AllFall

## ECON 101 Midterm

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U OF MECON 431AllFall

## ECON 431 Final Exam

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U OF MECON 441AllFall

## ECON 441 Midterm

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U OF MECON 431AllFall

## ECON 431 Midterm

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U OF MECON 441AllFall

## ECON 441 University of Michigan Exam 1a Spring 02

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Times: thursday 2018-03-01 at 19:00 to 20:50 (7 to 8:50pm) Crowdmark: (12 total marks) true or false. a. Mips treats all interrupts and exceptions as e
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U OF MECON 441AllFall

## ECON 441 University of Michigan Exam 1 Spring 03

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Section : circle one (brecht 8:30) (brecht 1:00) Start time: 7:00 pm end time: 9:00 pm. For the program shown below, assume that all function, library
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U OF MECON 441AllFall

## ECON 441 University of Michigan Exam 1 Spring 02

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U OF MECON 102AllWinter

## ECON 102 Midterm 1 Winter 2005

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Do not open this exam booklet until instructed to do so! Please take a moment to complete the identification information on the scantron. Indicate your
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## Popular Class Notes

U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 11: Normal Good, Deadweight Loss

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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 12: Substitute Good, Economic Equilibrium, Utility

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Lecture 12: complements, substitutes, and equilibrium in two. Market demand: d1 = y/(p1+p2) and d2 = y/(p1+p2) Market supply: s1(p1) = p1 and s2(p2) =
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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 2: Rationality, Revealed Preference, Utility

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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 23: Nash Equilibrium, Vickrey Auction

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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 20: Subgame Perfect Equilibrium, Subgame, Bertrand Competition

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D(p) = 12 - p; c1(q1) = 2q1; c2(q2) = 2q2; The only bertrand (nash) equilibrium: p1 = p2 = 2: (profit = 0 each. ) P = p1 = p2 = 7: (profit = 12. 5 each
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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture 10: Lecture 10

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Every student is either a seller or a buyer of one apple. Each seller has some cost of producing one apple: , possibly different for each seller. Profi
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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 19: Takers, Inverse Demand Function, Joule

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Oligopoly: a market with few firms. (duopoly is a special case of oligopoly. ) Perfect competition: a market with many firms. (firms are price takers.
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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 24: Clayton Antitrust Act, Marginal Cost, Vickrey Auction

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The monopolist will produce where demand is price elastic: epsilon < -1. If the monopolist knows individuals" willingness to pay: Sell to the customer
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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 5: Normal Good, Inferior Good, Utility

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The effects of income and price changes on. Maximizing utility algebraically (i. e. without specific numbers for p1; p2; y ), we get the demand functio
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U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 14: Diminishing Returns, Marginal Product, Production Function

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So far we have only discussed exchange economies. Each consumer sells a fixed amount of labor: la,lb. A rice producing firm r with production function
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## Popular Textbook Notes

U OF MECON 401Rudi BachmannSpring

## ECON 401 Chapter Notes - Chapter 2: Budget Constraint, Substitute Good, Opportunity Cost

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U OF MECON 401Rudi BachmannSpring

## ECON 401 Chapter Notes - Chapter 4: Indifference Curve, Utility, Cardinal Utility

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U OF MECON 401Rudi BachmannSpring

## ECON 401 Chapter Notes - Chapter 3: Chocolate Syrup, Indifference Curve, Substitute Good

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U OF MECON 401Rudi BachmannSpring

## ECON 401 Chapter Notes - Chapter 5: Budget Constraint, Indifference Curve, Tangent

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Chapter 5: choice: combining budget set and the theory of preferences in order to examine the optimal choice of consumers, consumer choose the most pre
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U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 4: Utility, Ordinal Utility, Level Set

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Utility: an indicator of a person"s overall well-being. Consumer preferences: utility is seen only as a way to describe preferences. Utility function:
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U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 1-2: Rent Regulation, Comparative Statics, Indifference Curve

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Exogenous variable: the price of this good is taken as determined by factors not discussed in this particular model. Endogenous variable: the price of
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U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 9: Ordinary Income, Revealed Preference, Normal Good

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Endowment: how much of the two goods the consumer has before entering the market. Gross demands: the amount of the good that the consumer actually ends
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U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 14: List Of Numeral Systems, Utility, Price Ceiling

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Suppose that we have a quasilinear utility function that takes the form and that the x-good in only available in integer amounts where p is the price o
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U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 10: Indifference Curve, Slutsky Equation, Opportunity Cost

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Intertemporal choice: choices of consumption over time. There are two possible choices for the consumer to make. , which means that he just consumers h
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U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 6: Comparative Statics, Normal Good, Indifference Curve

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Demand function: give the optimal amounts of each of the goods as a function of the price and income faced by the consumer x1 = x1 x2 = x2 (p , (p , Co
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## Most Popular

U OF MECON 401Rudi BachmannWinter

## ECON 401 Study Guide - Final Guide: Bertrand Competition, Nash Equilibrium, Best Response

OC3453136 Page
25
Monopolist chooses a quantity and can sell at price determined by inverse demand: pd(q) Monopolist maximizes profits: max p(q) * q c(q) P(q) + p"(q)q =
View Document
U OF MECON 401Rudi BachmannSpring

## ECON 401 Chapter Notes - Chapter 2: Budget Constraint, Substitute Good, Opportunity Cost

OC12603543 Page
0
View Document
U OF MECON 401Rudi BachmannSpring

## ECON 401 Chapter Notes - Chapter 4: Indifference Curve, Utility, Cardinal Utility

OC12603543 Page
0
View Document
U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 11: Normal Good, Deadweight Loss

OC3453133 Page
10
View Document
U OF MECON 401Rudi BachmannSpring

## ECON 401 Chapter Notes - Chapter 3: Chocolate Syrup, Indifference Curve, Substitute Good

OC12603543 Page
0
View Document
U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 12: Substitute Good, Economic Equilibrium, Utility

OC3453133 Page
6
Lecture 12: complements, substitutes, and equilibrium in two. Market demand: d1 = y/(p1+p2) and d2 = y/(p1+p2) Market supply: s1(p1) = p1 and s2(p2) =
View Document
U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 2: Rationality, Revealed Preference, Utility

OC3453134 Page
15
View Document
U OF MECON 401Rudi BachmannSpring

## ECON 401 Chapter Notes - Chapter 5: Budget Constraint, Indifference Curve, Tangent

OC12603545 Page
0
Chapter 5: choice: combining budget set and the theory of preferences in order to examine the optimal choice of consumers, consumer choose the most pre
View Document
U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 23: Nash Equilibrium, Vickrey Auction

OC3453134 Page
11
View Document
U OF MECON 401Rudi BachmannWinter

## ECON 401 Lecture Notes - Lecture 20: Subgame Perfect Equilibrium, Subgame, Bertrand Competition

OC3453134 Page
7
D(p) = 12 - p; c1(q1) = 2q1; c2(q2) = 2q2; The only bertrand (nash) equilibrium: p1 = p2 = 2: (profit = 0 each. ) P = p1 = p2 = 7: (profit = 12. 5 each
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## Most Recent

U OF MECON 401AllFall

## ECON 401 Exam 1

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0
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U OF MECON 401D. MillerSpring

## ECON 401 Lecture Notes - Lecture 6: Indifference Curve, Normal Good, Giffen Good

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0
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U OF MECON 401D. MillerSpring

## ECON 401 Lecture 4: Choice and Optimization

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U OF MECON 401D. MillerSpring

## ECON 401 Lecture 2: Indifference Curves and Utility

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U OF MECON 401D. MillerSpring

## ECON 401 Lecture 1: Introduction

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U OF MECON 401D. MillerSpring

## ECON 401 Lecture 3: Utility Functions and Budget Constraint

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0
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U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 14: List Of Numeral Systems, Utility, Price Ceiling

OC25271837 Page
0
Suppose that we have a quasilinear utility function that takes the form and that the x-good in only available in integer amounts where p is the price o
View Document
U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 9: Ordinary Income, Revealed Preference, Normal Good

OC25271836 Page
0
Endowment: how much of the two goods the consumer has before entering the market. Gross demands: the amount of the good that the consumer actually ends
View Document
U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 10: Indifference Curve, Slutsky Equation, Opportunity Cost

OC25271835 Page
0
Intertemporal choice: choices of consumption over time. There are two possible choices for the consumer to make. , which means that he just consumers h
View Document
U OF MECON 401ProulxWinter

## ECON 401 Chapter Notes - Chapter 7: Indifference Curve, Weighted Arithmetic Mean, Revealed Preference

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In chapter 6 we saw how we can use information about the consumer"s preferences and budget constraints to determine his or her demand. In this chapter
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