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ECC1000 - Principles of microeconomics - S1 2025

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Calculate Tyrion’s total economic cost of taking the position as Hand of the Queen. Enter a whole number, with no special characters like dollar signs, and no letters.

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What is the opportunity cost of Tyrion accepting the position as Hand of the Queen? Enter a whole number, with no special characters like dollar signs, and no letters.

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Calculate the economic rent Tyrion earns in the position as Hand of the Queen. Enter a whole number, with no special characters like dollar signs, and no letters.

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Shall Tyrion accept the position as Hand of the Queen?

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Of the following economic institutions which two play an important role in capitalism as an economic system?

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You have two choices for how you are going to spend Saturday evening. You can go to the pub with your friends, which will cost you £30 for the evening. The pleasure you anticipate from this experience is worth £50 to you. Or you can go to the theatre. The ticket will cost you £50, but you value the experience at £60. Based on this information, read the following statements and select the correct one.

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Read the following statements about economic rents and select the correct two.

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Read the following statements about natural experiments and select the correct answer.

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The following table gives different technologies that produce 100 metres of cloth. Based on this information, and assuming you only care about minimising costs, read the following statements and select the correct one.

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Consider a world of just two individuals, Greta and Carlos, who each need both of two goods, apples and wheat, to survive. They differ in how productive they are in growing apples and wheat. Based on this information, read the following statements and select the correct one.

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