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CRUNCH MICROECONOMICS

Mock Exams
CONSUMER THEORY ↓

Utiliy funcitons

Utlity Function img \( u(x,y) \) \( = min ( x, 2y ) \)


Consumer Equilibrium

\( MRS(x,y) \) \( = \frac{p_x}{p_y} \)

MARKET COMPETITION ↓

Monopoly

Monopoly img \( MR \) \(=MC \)


Perfect competition \( P \) \(=MC \)


Bertrand Competition \( p_1 \) \(=2p_2-5 \)


Cournot Competition \( q_1 \) \(=2q_2-5 \)

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