# Register now to access 7 million high quality study materials (What's Course Hero?) Course Hero is the premier provider of high quality online educational resources. With millions of study documents, online tutors, digital flashcards and free courseware, Course Hero is helping students learn more efficiently and effectively. Whether you're interested in exploring new subjects or mastering key topics for your next exam, Course Hero has the tools you need to achieve your goals.

2 Pages

### ghw3_2008

Course: ECO 105, Fall 2009
School: illinoisstate.edu
Rating:

Word Count: 187

#### Document Preview

105 Due ECO 31 October 2008 Name: Graphical Homework 3 UID: 1. On the graph below, draw a production function Y/L = A0.F(K/L, H/L) with respect to K (K/L is on the x axis, while A0, H, and L are constant). Assume that diminishing marginal productivity is in effect. Pick a starting point and label the input and outputs k1 and y1. (3) On the same diagram, show the effects of an increase in K. Show the movement...

Register Now

#### Unformatted Document Excerpt

Coursehero

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
105 Due ECO 31 October 2008 Name: Graphical Homework 3 UID: 1. On the graph below, draw a production function Y/L = A0.F(K/L, H/L) with respect to K (K/L is on the x axis, while A0, H, and L are constant). Assume that diminishing marginal productivity is in effect. Pick a starting point and label the input and outputs k1 and y1. (3) On the same diagram, show the effects of an increase in K. Show the movement using an arrow and label the new point k2, y2. (2) Now suppose there is an improvement in technology. Using different-colored draw ink, the effects of this on the same graph below and show the movement with an arrow. (2) 2. 3. 4. Using the axes below, draw a graph of the loanable funds market. Show an initial equilibrium (all or nothing questionmake sure the axes are labeled, the curves are labeled, and the initial equilibrium values are ind...

Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

illinoisstate.edu - ECO - 105
ECO 105 Graphical HW 1Name10 pointsDue 5 September 2008 Skaggs 1. Using the graph to the right, construct a Production Possibilities Frontier (PPF) for a firm that can produce a combination of milk and cookies. Assume that, if the firm produced only co
illinoisstate.edu - ECO - 241
An Algebraic IS-LM ModelThe IS-LM model can be solved algebraically with little effort. (Sure, sure.) Playing with the algebraic model is a great way to familiarize yourself with the features of the model. So here goes: IS Curve C = 100 + 0.6(Y-T0) I = 5
illinoisstate.edu - ECO - 241
The Solow Model of Economic Growth1. Suppose the economy is characterized by a production function of the form Y = F(K, L) = K0.3L0.7. a. b. c. d. 2. What is the per-worker production function? Find the equation for the steady-state level of k assuming t
illinoisstate.edu - ECO - 241
Unemployment (Natural Rate)1. The residents of a certain dormitory have collected the following data: People who live in the dorm can be classified as either involved in a relationship or uninvolved. Among involved people, 10 percent experience a breakup
illinoisstate.edu - ECO - 241
Unemployment (Natural Rate)1. The residents of a certain dormitory have collected the following data: People who live in the dorm can be classified as either involved in a relationship or uninvolved. Among involved people, 10 percent experience a breakup
illinoisstate.edu - ECO - 241
Open-Economy Model1. Use the model of a small open economy to predict what would happen to the trade balance, the real exchange rate, and the nominal exchange rate in response to each of the following events. a. A fall in consumer confidence about the fu
illinoisstate.edu - ECO - 241
Open-Economy Model1. Use the model of a small open economy to predict what would happen to the trade balance, the real exchange rate, and the nominal exchange rate in response to each of the following events. a. b. c. 2. A fall in consumer confidence abo
illinoisstate.edu - ECO - 241
According to the neoclassical theory of distribution, the real wage earned by any worker equals that worker's marginal productivity. Let's use this insight to examine the incomes of two groups of workers: farmers and barbers. a. Over the past century, the
illinoisstate.edu - ECO - 241
According to the neoclassical theory of distribution, the real wage earned by any worker equals that worker's marginal productivity. Let's use this insight to examine the incomes of two groups of workers: farmers and barbers. a. Over the past century, the
illinoisstate.edu - ECO - 241
Aggregate Demand, Taxes, and Saving Assume that the consumption function is C = a + b(Y-T), the investment function is I = I(r), G is exogenous, and T is exogenous. The government raises taxes by \$100 billion. If the marginal propensity to consume (b) is
illinoisstate.edu - ECO - 241
Messing Around with the Cobb-Douglas Production FunctionSuppose the Y = A.K0.3L0.7. 1. Derive the equation for the marginal product of capital (MPK). MPK = dY/dK = 0.3AK-0.7L0.7 2. Derive the equation for the marginal product of labor (MPL). MPL = dY/dL
illinoisstate.edu - ECO - 241
Aggregate DemandAssume that the consumption function is C = a + b(Y-T), the investment function is I = I(r), G is exogenous, and T is exogenous. The government raises taxes by \$100 billion. If the marginal propensity to consume (b) is 0.6, what happens t
illinoisstate.edu - ECO - 241
Messing Around with the Cobb-Douglas Production FunctionSuppose the Y = A.K0.3L0.7. 1. Derive the equation for the marginal product of capital (MPK). 2. Derive the equation for the marginal product of labor (MPL). 3. Suppose A = 3, K = 10, L = 20. Solve
illinoisstate.edu - ECO - 241
Gross Domestic Product1. The following table contains U.S. GDP data for 2001. Sadly, the table is incomplete. Use your knowledge national income accounting to fill in the missing numbers. When you're done, check your numbers by referring to the Economic
illinoisstate.edu - ECO - 241
Gross Domestic Product1. The following table contains U.S. GDP data for 2001. Sadly, the table is incomplete. Use your knowledge national income accounting to fill in the missing numbers. When you're done, check your numbers by referring to the Economic
illinoisstate.edu - ECO - 241
ECO 241 Homework Set 6Due: Friday, 6 May 1. 2. 25 pointsExplain briefly why automatic stabilizers work well as counter-cyclical fiscal policy tools, while discretionary fiscal policy actions work badly. [5 points] Under Alan Greenspan's leadership, the
illinoisstate.edu - ECO - 241
ECO 241Homework Set 3Due: Monday, 7 March 25 pointsUsing the Solow growth model without technological progress, answer the following two questions. 1. For s = 0.2, = 0.04, and n = 0.01, solve for the steady-state values of k and y. Assume that f(k) = k
illinoisstate.edu - ECO - 241
ECO 241 Homework Set 5Due: Friday, 22 April 1. 25 pointsA problem well known to macroeconomists is &quot;observational equivalence.&quot; This impressive phrase refers to the fact that macroeconomic models that differ in important ways often produce the same pred
illinoisstate.edu - ECO - 241
ECO 241Homework Set 2Due: Friday, 18 February 1. Consider an economy described by the following equations: Y = C + I + G + NX Y = 5000 G = 1000 T = 1000 I = 1000 50r NX = 500 500 C = 250 + 0.75(Y T) r = r* = 5 25 Pointsa. In this economy, solve for nat
illinoisstate.edu - ECO - 241
ECO 241Homework Set 1Due: Monday, 7 February 25 points1. Consider the following simple microeconomic model: Qd = D(p, y, t), where p is the product's price, y is consumer income, and t represents consumer preferences (&quot;tastes&quot;) Qs = S(p, pm, w), where
illinoisstate.edu - ECO - 241
ECO 241 Homework Set 4Due: Wednesday, 30 March 25 points1. Using the Keynesian-cross model, assume that C = 200 + 0.75(Y T), planned I = 100, G = 100, and T = 100. a. What is the equilibrium level of income? [2] b. Suppose G increases to 120. What is th
illinoisstate.edu - ECO - 215
ECO 2151.Due: Thursday, 3 JuneHomework Set 325 PointsHow and why is the fundamental value of a country's exchange rate affected by a. an increase in the country's price level, compared to other nations' price levels. b. an increase in the country's l
illinoisstate.edu - ECO - 215
ECO 215Due: Wedneday, 26 May 1.Homework Set 225 PointsWhat is the main reason that large-scale borrowers frequently borrow in direct markets while small-scale borrowers almost never do? [3 points] What is the difference between asymmetric information
illinoisstate.edu - ECO - 215
ECO 2151.Due: Wednesday, 9 JuneHomework Set 425 PointsCongress dramatically altered the structure of the Federal Reserve System in the wake of the Great Depression. Without going into too much detail, (a) describe the original structure of the Federa
illinoisstate.edu - ECO - 215
ECO 2151.Due: Thursday, 20 MayHomework Set 125 PointsDefine the following terms, or explain the function of the indicated agency, as appropriate. [4 points] a. Federal funds b. Primary markets c. Federal National Mortgage Association (&quot;Fannie Mae&quot;) d
illinoisstate.edu - ECO - 372
ECO 372: History of Economic ThoughtSpring 2009 Prof. Neil T. Skaggs ntskaggs@ilstu.edu STV 434 438-7204Course OverviewRelatively sophisticated economies economies exhibiting specialization, exchange over long distances, the use of money, and the devel
MIT - DBF - 30948
Consider the market for health insurance. Suppose that the market is comprised of 4 groups of people of differing risk categories. There are a large and equal number of people in each group, but insurers cannot tell which group a person belongs to (i.e. t
Oregon State - CH - 411
1 Inorganic Chemistry 411/511 Midterm Exam # 1 - solutions 60 minutes Partial credit is given, please show all your work. A periodic table is on the last page if needed. 1. For the following: [8 pts each] (i) give a Lewis structure, (ii) draw the molecule
E. Kentucky - EECS - 220
Errata for Engineering Electromagnetics by Kenneth R. Demarest Page Line 21 21 21 22 31 33 34 35 36 37 42 45 45 49 50 50 50 54 56 57 58 79 79 88 95 102 107 119 120 129 132 132 147 (2.34c) 7th line of Ex. 2-1 Last 9th below Fig. 2-15 8th line of Ex.2-4 11t
Georgia Tech - GROUPS - 2030
AA P P E N D I XAssemblers, Linkers, and the SPIM SimulatorJames R. Larus Computer Sciences Department University of WisconsinMadisonFear of serious injury cannot alone justify suppression of free speech and assembly.Louis Brandeis Whitney v. Califor
Lake County - MCB - 315
Kenney GymDCLSpringfield Avenue MatthewsNHB Grainger LibraryWrightGreen street West side of the building (Kenney gym side), 3rd floor Take stairwell up to 3, turn right as you exit and enter through double doors. The lab room is the first set of do
Ill. Chicago - STAT - 481
Stat401: Introduction to ProbabilityHandout-03, September 11, 2006Learn R in 15 Minutes0. Download R for free via http:/cran.r-project.org/ and install it. 1. Start R under Windows:2. Use R as a calculator. Type your commands after the command line pr
Lake County - MCB - 315
They can catch fire http:/www.inklingmagazine.com/articles/science They can hide vermin They are microbial cesspoolsGerman zoologist and comparative anatomist&gt; Wrote the best account of the growth of comparative microscopical anatomy in the two decades
Texas A&M - WEB - 462
ARM Instruction Set Quick Reference CardKey to Tables cfw_cond &lt;Operand2&gt; &lt;fields&gt; &lt;PSR&gt; cfw_S C*, V* Q x,y &lt;immed_8r&gt; &lt;immed_8*4&gt; Operation Move Refer to Table Condition Field cfw_cond. Omit for unconditional execution. Refer to Table Flexible Operand 2
Swarthmore - CS - 97
Review of probabilityNuno Vasconcelos UCSDProbability probability is the language to deal with processes that are non-deterministic examples: if I flip a coin 100 times, how many can I expect to see heads? what is the weather going to be like tomorro
Swarthmore - CS - 97
Review of linear algebraNuno Vasconcelos UCSDVector spaces Definition: a vector space is a set H where addition and scalar multiplication are defined and satisfy: 1) x+(x+x) = (x+x)+x 2) x+x = x+x H 3) 0 H, 0 + x = x 4) x H, -x + x = 0 5) x H 6) 1x =
Santa Monica - CS - 41
Vi Quick Referencehttp:/www.sfu.ca/~yzhang/linuxMOVEMENTBy Character(lines - ends at &lt;CR&gt;; sentence - ends at puncuation-space; section - ends at &lt;EOF&gt;)k h jBy Line nG 0, \$ ^ or _ +, By Screen ^F, ^B ^D, ^U ^E, ^Y L z z. zto line n first, last posit
VCU - WEEK - 609
Tarynn M. Witten, Ph. D., MSW, FGSADigitally signed by Tarynn M. Witten, Ph.D., MSW, FGSA DN: CN = Tarynn M. Witten, Ph.D., MSW, FGSA, C = US, O = CSBC, VCU, Life Sciences Bldg, OU = Director, Research &amp; Development Reason: I am the author of this docume
UMBC - BIOL - 397
Rutgers - ECE - 428
TIP32 Series(TIP32/32A/32B/32C)TIP32 Series(TIP32/32A/32B/32C)Medium Power Linear Switching Applications Complement to TIP31/31A/31B/31C1TO-220 2.Collector 3.Emitter1.BasePNP Epitaxial Silicon TransistorAbsolute Maximum Ratings TC=25C unless other
Washington University in St. Louis - ECON - 101
Copyright (C) 2001 David K. Levine This document is an open textbook; you can redistribute it and/or modify it under the terms of version 1 of the open text license amendment to version 2 of the GNU General Public License. The open text license amendment
Texas A&M University, Corpus Christi - FACULTY - 4310
chapter:19&gt;The Economics of the Welfare StateI N S U R I N G C H I L D R E N S H E A LT HSENATORTED KENNEDY OF MASSACHUSETTS, Awanted to expand the program and Republicans who didnt. But its revealing that the program was originally created throug
Washington University in St. Louis - ECON - 101
Final Exam: Economics 101You have three hours. Do all 5 questions; each has equal weight. Please be sure to number each problem by number and part, especially if you choose to do them out of order. Good luck.December 17, 1997 David K. Levine1. Normal F
Washington University in St. Louis - ECON - 101
Copyright (C) 2001 David K. Levine This document is an open textbook; you can redistribute it and/or modify it under the terms of version 1 of the open text license amendment to version 2 of the GNU General Public License. The open text license amendment
N. Michigan - CS - 442
SSL, RM I and PCAP1) Using public key encryption, how do you send a secret message to your friend Callisto? a) Encrypt using your public key b) Encrypt using your private key c) Encrypt using her public key d) Encrypt using her private key 2) Using publi
N. Michigan - CS - 426
1) How does your fs determine which blocks are free?2) How does your fs determine what is in a directory?3) How does your fs find the root directory?4) How does your fs determine if a directory entry is a subdirectory or a file?5) How does your fs fin
N. Michigan - CS - 101
This PDF version of Free Culture is licensed under a Creative Commons license. This license permits non-commercial use of this work, so long as attribution is given. For more information about the license, click the icon above, or visit &lt;http:/creativecom
N. Michigan - CS - 228
HTTP 1) Firefox has a setting browser. cache. check_doc_frequency entitled &quot;Document is cache is compared to document on network&quot;. The choices are &quot;Every time&quot;, &quot;Once per session&quot;, and &quot;Never&quot;. For instance, if &quot;every time&quot; is set then the cached document
Washington - CS - 160
Interactive PrototypeApril 11, 2001May 14, 2009 CS160: Interactive Prototype Presentation1ORWELL: Roadmap What is ORWELL? Representative Tasks Implemented Interface Overall UI Idea Changes from Lo-Fi Prototype SummaryMay 14, 2009 CS160: Interacti
Washington - CS - 260
Pyvr6yyvXqss 8T!%9vpvs9rsvvv 8hDshv9rv WDT6B@ 7vtDrDshvWvhyvhv9rsvvv9rsvvv Tpvrvsvpvhyvhv Dshvvhyvhv 9hhihrvhyvhv Tpvrvsvpvhyvhv QuvphyqhhuvphyprrDshvvhyvhv6ihprrrhv9hhihrvhyvhvHhvtqhhvqhhihr thuvphyqvyhPyvrHvhv 9rsvvv 8hDshv9rv WDT6B
Washington - CS - 260
Speech InterfacesDrew RoselliUser Interfaces Spring 1998Motivation: Mechanical Smaller devices =&gt; difficult I/O Speed, &gt; 90 wpm (?) Virtually unlimited set of commands Freedom for other body partsMotivation: User Natural Easy to remember Evolutionar
Washington - CS - 260
qrSpeech Interfaces9rSryyvMotivation: Mechanical Smaller devices =&gt; difficult I/O Speed, &gt; 90 wpm (?) Virtually unlimited set of commands Freedom for other body partsVrDrshprTvt ('Motivation: User Natural Easy to remember Evolutionarily selected fo
Washington - CS - 160
Interactive Prototype PresentationsOutlinez z z z z Presentation order Project management Lab Midterm PresentationsProf. James Landay CS 160, Fall 2000 October 25, 200010/25/2000 110/25/20002Presentation Orderz z z z z z z People Finder E-Finder C
Washington - CS - 260
In the beginning there was LOGO. A dialect of Lisp, developed in 1960 by Daniel Bobrow, Wallace Feurzeig and Seymour Papert. Interactive and interpreted: bugs made obvious Take the best ideas in contemporary language design and child-engineer them. Progr
Washington - CS - 260
FvqTv)@qVrQthvts DurirtvvturrhGPBP Tvyhv A dialect of Lisp, developed in 1960 by Daniel Bobrow, Wallace Feurzeig and Seymour Papert. Interactive and interpreted: bugs made obvious Take the best ideas in contemporary language design and child-engineer the
Washington - CS - 260
Page: 1Slide No. 1Page: 2Slide No. 1Page: 3Slide No. 1Page: 4Slide No. 1
Washington - CS - 260
Page: 1Slide No. 1
Washington - CS - 260
Ubiquitous ComputingTrevor Pering cs260 lecture presentation, April 15th, 1998What is Ubiquitous Computing? Concept introduced in 1988 by Mark Weiser at Xerox PARC. Childhood metaphor: invisible foundation that is quickly forgotten.University of Calif
Washington - CS - 260
Page: 1Slide No. 1Slide No. 1Page: 2Slide No. 1
Washington - CS - 260
Communicating Graphical Information To Blind Users Using Music: The Rule Of ContextBy James L. Alty, Dimitrios I. Rigas Discussion led by Hesham KamelPaper Overview The ubiquitous graphical user Interface (GUIs) AUDIOGRAPH, the musical system Demo of t
Washington - CS - 260
Paper OverviewCommunicating Graphical Information To Blind Users Using Music: The Rule Of ContextBy James L. Alty, Dimitrios I. Rigas Discussion led by Hesham Kamel The ubiquitous graphical user Interface (GUIs) AUDIOGRAPH, the musical system Demo of t