ECO370Y5 Study Guide - Quiz Guide: Risk Neutral, Economic Surplus, Deferred Income
Document Summary
All work should be in pen written on the lined portions of the test booklets. Full marks will only be awarded to fully explained and derived answers. Lectures will include all topics and material covered from lecture 12, Friday, january 12, 2015 to lecture 18, friday, february 27, 2015, subject to the following exclusions: Taylors theorem slides 10 to 17 not on test. Bilateral agency slides 20 to 28 not on test. Multitasking on the test the cost function c(e), will be specified on the test so that you can avoid the chain rule. Teams and specialization on the test the cost function c(e), will be specified on the test so that you can avoid the chain rule. High executive pay read the bertrand and mullainathan carefully as some short answer questions will relate to this. Two firms, a and b, compete as a duopoly on output in a market where their respective outputs xa and xb are perfect substitutes.
