Peter J Wilcoxen > Supplementary Exercises

Producer Behavior and Market Structure

Cost minimization, profit maximization and markets.
Monopoly and Investment under Uncertainty
Product development in the software industry.
Cost Minimization
The sort of cost minimization question you might see on an exam. Includes solution.
Inflexible Production
Cost minimization and profit or output maximization for an organization with no flexibility in its production function. Includes solution.
A monopoly simulation game.
Monopoly with Diminishing Returns to Scale
Cost minimization and profit and output maximization; efficiency of competition vs. monopoly.
Profit Maximization in the Long Run
Competition in the car rental market.
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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 08/18/2016