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Q1:TRENT UNIVERSITY DEPARTMENT OF ECONOMICS ECON-4000 TOPICS IN ADVANCED MICROECONOMIC THEORY ASSIGNMENT 1 DUE: FEBRUARY 12...See Answer
Q2:Vlad lives in Siberia. It gets really cold there. He has $1,000 in monthly income. He pays $500 of his income in rent fo...See Answer
Q3:Question 1 (50 pts) Consider a rational addiction model with flow utility u(e₂, h. y) where e is consumption of the addi...See Answer
Q4: What was the main objective and motivation behind Gordon 1954? What was the author trying to prove/ disprove/ show and ...See Answer
Q5:Question 2: Networks and Platforms There is a mass M = 1 of consumers uniformly distributed along a straight (Hotelling)...See Answer
Q6:Question 1: Auctions a. Using the second-price, sealed-bid auction model described in Lecture 1, but assuming buyers' va...See Answer
Q7:Exercise 2- Attitudes towards risk and fair betsThe following graph represents Mike's marginal utility of income (not th...See Answer
Q8:1. (14 total points) Suppose a consumer has a utility functiongiven by U(X,Y)= MIN(X, 3Y). The consumer has $60 to spend...See Answer

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