課程名稱︰個體經濟學一 課程性質︰必修 課程教師︰古慧雯 開課學院：社會科學院 開課系所︰經濟系 考試日期（年月日）︰103/1/13 考試時限（分鐘）：110分鐘 試題 : 個體經濟學期中考 (2014.1) 古慧雯 總分31分。答題皆須附說明，未做解釋的答案概不計分。 1. The domestic supply (S) and demand (D) functions for cars are shown in the following figure, where p_0 denotes the international price of an auto, and Taiwan could import any number of cars at P_0. http://ppt.cc/Um9Z (a) (2 points) Please replicate the figure on your answer sheet and show consumers- surplus and producers' surplus at equilibrium. (b) (6 points) Suppose a tariff of t is imposed on each imported car so that the sale price of a foreign car in Taiwan becomes p_0 + t which magnitude is shown in the figure. In a new figure: please show the total tariff collected, and the deadweight loss. And explain why such deadweight loss results. 2. Good Y is provided by a competitive industry There are 91 people who could produce Y and among them, 10 people have the type-1 total cost function: TC_1(q) = 100 + q^2, where q denotes the quantity a manufacture produces in one year. Another 900 people have the type-2 total cost function: TC_2(q) = 144 + q^2. Let p denote the market price. The yearly market demand is: Q = 100 - p (a) (4 points) What is the long-run equilibrium price? And how many manufacturers will stay in this industry in the, long run? (b) Suppose that the demand for Y increases and becomes: Q = 300 - p. i. (2 points) If the market is in the long-run equilibrium before the demand increases, what is the short-run market equilibrium price for Y after the demand increases? ii. (2 points) How many manufacturers will provide Y in the long-run equilibrium? 3. A's production possibility curve is: x^2 + y^2 = 288, and B's production possibility curve is: x + y = 12. They have the same utility function: u = xy^2. (a) (2 points) If B has no chance to trade and could consume only his own produced goods, how many units of y will B produce? (b) We now turn to consider the possibility of trading between A and B. Let p denote the relative of x. So if p = 1, one could sell 1 unit of T in exchange for 1 unit of y. i. (4 points) If p = 1, what is A's optimal decision? How many units of x will A produce? And how many units of x will A consume? ii. (2 points) Is it possible that p = 1 in equilibrium? If so, how many units of y does B produce in this equilibrium? 4. (3 points) Consider Spence's model. There are 3 types of job applicants whose contributions to a firm and costs to obtain a diploma are as follows: │ A B C ─────────────┼────── contribution to a firm │$70 60 50 cost to obtain a diploma│ 0 8 20 Each type has the same number of people. Please find all equilibrium. (Specify an employer's offer. and for each type of job applicants, specify their decisions about whether to obtain a diploma.) 5. (3 points) There are 4 typos of used cars in the market: A, B, C and D. The proportion of each type is: 10% (A), 40% (B). 40% (C) and 10% (D). The value of each type to its current owner is lower than the value to its potential buyer: │ A B C D ──────────┼──────── value to the seller│ $0 10 20 30 value to the buyer │ 0 20 30 50 While the seller knows the type of his car, the buyer cannot tell the type of a car and is willing to pay for its expected value to her. Because there are many more buyers than sellers, when a deal is made, the interested buyers will bid up the price to their willingness to pay. Please find the equilibrium price of the used car. 6. (1 point) Give one new example of a foreign company which promotes sharing economy. (No point for Airbnb and Kickstarter) Exam201401.ctx --

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