tailieunhanh - Tài liệu trung cấp môn Kinh tế vi mô bằng tiếng Anh - Phần 40

Tài liệu tham khảo Tài liệu trung cấp môn Kinh tế vi mô bằng tiếng Anh gồm 41 phần giúp sinh viên khoa kinh tế học tốt môn Kinh tế vi mô. Tài liệu này là phần 40 giới thiệu về " Câu trả lời - Answers " | 1 The Market . It would be constant at 500 for 25 apartments and then drop to 200. . In the first case 5 10 and in the second case 200. In the third case the equilibrium price would be any price between 200 and 500. . Because if we want to rent one more apartment we have to offer a lower price. The number of people who have reservation prices greater than p must always increase as p decreases. . The price of apartments in the inner ring would go up since demand for apartments would not change but supply would decrease. . The price of apartments in the inner ring would rise. . A tax would undoubtedly reduce the number of apartments supplied in the long run. . He would set a price of 25 and rent 50 apartments. In the second case he would rent all 40 apartments at the maximum price the market would bear. This would be given by the solution to D p 100 2p 40. which is -30 . Everyone who had a reservation price higher than the equilibrium price in the competitive market so that the fmal outcome would be Pareto efficient. Of course in the long run there would probably be fewer new apartments built which would lead to another kind of inefficiency. 2 Budget Constraint . The new budget line is given by 2pi c C tippi 2 Im. . The vertical intercept fog axis decreases and the horizontal intercept Cj axis stays the saine-. Thiih the budget line becomes flatter. MJ ANSWERS . Flatter. The slope is 2g . A good whose price has been set to 1 all other goods prices are measured relative to the numeraire good s price. . A tav of 8 cents a gallon . pi I . i- p 2 m it. . Yi S. since all of the bundles the consumer could afford before are affordable at the new prices and income. 3 Preferences . No. It might be that the consumer was indifferent between the two bundles. All we are justified in concluding is that . i u. 2 h i i a - . Yes to both. . It is transitive but it is not complete- two people might be the same height. It is .

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