Intermediate Microeconomics – I [ECON 007]

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Reading List of Intermediate Micro Economics – I

The Intermediate Micro Economics – I (ECON – 007) Course for BA (Hons) Economics Semester III, UGCF 2024, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 60 Hours.

Course Fee : Rs. 7,000

Access of Video Lectures is provided on any one of the following devices:

Windows Computer or Laptop, or

Android Phone or Tablet, or

Apple Macbook,

till end of Semester III Exams.

Demo Quiz

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Consumer Equilibrium Test #1

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1 / 11

In a two good world there is an individual with income m = 3 and utility function is given by u = = x0.5y0.5 . The price of good x is Re. 1 per unit and the price of good y is also Re. 1 per unit.

If the individual can consume any non negative amount of good x and y, then the optimum consumption bundle is

2 / 11

In a two good world there is an individual with income m = 3 and utility function is given by u = x0.5y0.5. The price of good x is Re. 1 per unit and the price of good y is also Re. 1 per unit.

If the individual can consume either zero unit of good x or at most one unit of x and any non-negative amount of good y, then the optimum consumption bundle is

3 / 11

In a two good world there is an individual with income m = 3 and utility function is given by u = x0.5y0.5. The price of good x is Re. 1 per unit and the price of good y is also Re. 1 per unit.

If both goods x and y can be consumed in integer amounts (i.e., zero unit, one unit, two units etc.) then the optimum consumption bundle is

4 / 11

Suppose a consumers preferences over commodities 1 and 2 can be represented by the utility function U(x1, x2 ) = min⁡{ x1, x2 } + max{ x1, x2 }, where  x1, x2  ≥0. The prices of the two commodities are 1 and 2 respectively and the consumers income is 150. Which of the following is true?

5 / 11

There are three commodities - the first commodity has a negative price -1 per unit, the second commodity is priced at +1 per unit and third is priced at +2 per unit. Income of the person is 100 per day. Then which one of the following is not true?

6 / 11

Satish is very conscious about the food he eats. He only eats rotis and dal; a cup of dal costs Rs. 2 while each roti costs Re. 1 and Satish decides to spend Rs. 13 per day on food. Also he decides to consume exactly 5500 calories a day; he has been told that each roti has 1000 calories while each cup of dal has 500 calories. He spends his entire money allotted on foods. Then

7 / 11

Let the following utility function represent the preference relation of an individual

U(x, y) = x0.5 + y
Let Px, Py and M denote the prices of good x, y and money income respectively. Px, Py, M > 0

Optimal consumption bundle of the consumer includes

8 / 11

Let the following utility function represent the preference relation of an individual

U(x, y) = x0.5 + y
Let Px, Py and M denote the prices of good x, y and money income respectively. Px, Py, M > 0

Given prices, as M increases optimal consumption of x

9 / 11

Let the following utility function represent the preference relation of an individual

U(x, y) = x0.5 + y
Let Px, Py and M denote the prices of good x, y and money income respectively. Px, Py, M > 0

Let Py = 2, Px = 1/4m, optimal consumption bundle includes

10 / 11

Let the following utility function represent the preference relation of an individual

U(x, y) = x0.5 + y
Let Px, Py and M denote the prices of good x, y and money income respectively. Px, Py, M > 0

If Px = Py in the optimal consumption bundle

11 / 11

Consider the function U defined on R2 , where U(x, y) = √(3x + y). which of the following statements is true?

The average score is 28%

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Economics (H) Semester III [ UGCF 2024 ]

Video Lectures, PDF Notes, Mock Tests & Live Doubt Sessions are offered for the following Subjects for BA (Hons) Economics Semester III, Delhi University