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SA10
Course: ECON 101, Fall 2009School: UNC
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10 Market Chapter Power and Monopoly 1) SA10 \ \\ Price Discrimination and Efficiency\ 1 \\ Explain why price discrimination reduces the economic inefficiency associated with the exercise of monopoly power. Draw simple graphs to show how this occurs. 2) SA10 \ \\ Profit Maximization\ 1 \\ Consider a market in which economic profit is currently possible, but entry and exit are possible in the long run. [I.e., the...
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10
Market Chapter Power and Monopoly
1) SA10 \ \\ Price Discrimination and Efficiency\ 1 \\ Explain why price discrimination reduces the economic inefficiency associated with the exercise of monopoly power. Draw simple graphs to show how this occurs. 2) SA10 \ \\ Profit Maximization\ 1 \\ Consider a market in which economic profit is currently possible, but entry and exit are possible in the long run. [I.e., the current situation is the short run.] Each firm in this market has some power as a price maker. In the space below, draw a demand [D] curve a for firm, and a set of appropriate MR, MC, AVC, and ATC curves. Clearly identify the areas that represent total profit, total cost, total variable cost, and total fixed cost. [Use such letters as a, b, c, d, e, f, g, etc. to identify points in this graph, and then use, ex, abdc to identify these areas.] Solution: Area pcab equal...
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Idaho - CS - 210
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A remark about rigor homework and exams: Non-rigorous proofs can get you partial credit, but you'll get MORE partial credit if you show that you recognize that your proof is non-rigorous. (E.g., if you're asked to prove that the derivative of every f
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Any questions about the homework or the material? The take-home exam (now available on the web) will be due at the start of class next Tuesday (Oct. 28). If you're finding any of the material difficult, now is the time to see me and get help. If you
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I've looked over the homeworks, and it seems like a large part of the problem is that you sometimes don't know what I'm asking you for. Please don't be shy about sending me email if you feel like you may be missing the point of a question (e.g., if i
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For Thursday: read 8.3 Section 8.2: Stirling numbers Fix a non-negative integer p. One basis for the space of polynomials of degree p is the "monomial basis" {n^0, n^1, n^2, ., n^p}; another basis is {(n choose 0), (n choose 1), ., (n choose p)}; an
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Any questions about the homework or the material? TODAY: The strip-tiling theorem Weighted enumeration Domino tilings of the 2-by-n rectangle (again) Use cell-labels L, R, T, B Give example of a tiling of a 2-by-5 with labeled cells Frontiers: LL, LR
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TODAY: Non-commuting variables The sign of a permutation Permanents and determinants Lindstrom's lemma Non-commuting variables Stephen showed you a q-binomial theorem; here's one I like better. Suppose x,y are non-commuting variables satisfying yx=qx
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OFFICE HOURS: Tuesdays and Thursdays, 10:50-11:50 in Van Vleck 813 (10:55-11:55 isn't working for me), plus the caf hours (as announced before; see the web page) Also by appointment. Come to my office and cafe hours. (I'll say this again.) READING Fo
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"species""bodymass""maxdist""type""Didelphis virginianus"2.41455.152"O""Phascogale tapotafa"0.1726.8"C""Trichosurus vulpecula"2.9312.8"C""Sorex araneus"0.0040.869"C""Scapanus townsendii"0.1480.856"O""Ursus americanus"104.452
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UMass Lowell - FACULTY - 584
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