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### REVIEW TOPICS FOR SECOND EXAM

Course: ECON 224, Spring 2012
School: South Carolina
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Word Count: 202

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TOPICS REVIEW FOR SECOND EXAM Chapter 4 Definitions of: Total utility Marginal utility Diminishing marginal utility Law of diminishing marginal utility Price elasticity = % change in quantity demanded / % change in price Elastic demand Inelastic demand Price elasticity vs. total revenue vs. price cuts Determinants of price elasticity Substitute goods Complementary goods Chapter 5 Definitions of: Production...

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TOPICS REVIEW FOR SECOND EXAM Chapter 4 Definitions of: Total utility Marginal utility Diminishing marginal utility Law of diminishing marginal utility Price elasticity = % change in quantity demanded / % change in price Elastic demand Inelastic demand Price elasticity vs. total revenue vs. price cuts Determinants of price elasticity Substitute goods Complementary goods Chapter 5 Definitions of: Production schedule Production function Law of diminishing returns Short run Long run Marginal physical product = Change in total output / Change in input quantity Total cost = variable costs + fixed costs Fixed costs Variable costs Average total cost = Total cost / total output Marginal cost = Change in total cost / change in total output decision: Supply/production short-run long-run Economic costs vs. accounting costs Economic profit vs. accounting profit Chapter 6 Market structure different types of firms in the market Perfect competition Monopolistic competition Duopoly Oligopoly Monopoly Market power Price taker Firm demand versus market demand for perfectly competitive firm Production decision Total revenue Profit Marginal cost How do perfectly competitive firms choose which production level maximizes profit? How does a firm determine its supply curve? What affects the firm's and the market's supply curve? What happens when an industry has economic profits? What are the characteristics of a competitive market? General profit maximizing rule
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South Carolina - ECON - 224
REVIEW TOPICS FOR FIRST EXAMChapter 1 Definitions of: Scarcity Economics Opportunity cost Factors of production Market mechanism/invisible hand Laissez faire Mixed economy Market failure Government failure Macroeconomics Microeconomics 3 basic questions
South Carolina - ECON - 221
Homework Econ 2211. Write down the pay-off matrix for Rock paper scissors where you get a payoff of 1 for winning, -1 for losing and zero for a draw. Is there a pure strategy Nash Equilibrium? Rock Paper Scissors Rock Paper ScissorsRock Rock 0, 0 Paper
South Carolina - ECON - 221
1. What is the present discounted value of a coupon bond that pays \$100 in one year and then a face value of \$500 in two years time if the interest rate is 0.10? PDV = 100/1.1 + 500/(1.1)^2 = 90.91 + 413.22= 504.13 2. Suppose that we live in a world of co
South Carolina - ECON - 221
Homework #6 1. Consider the market for leaf-raking services in Amherst in October. Individuals who rake their lawn (or pay someone else to rake their lawn) create a positive consumption externality by consuming leaf-raking services, because there are then
South Carolina - ECON - 221
Homework 1. Suppose the market for widgets is given below:1.00 0.90 0.80 0.70Supply0.60 0.50 0.40 Demand 0.300.2025005000750010000125001500017500 20000A. If a tax of \$0.30 is imposed per widget, identify: i. The new quantity, price consumers p
South Carolina - ECON - 221
1. The following are the estimated price elasticities of demand for various fruits Fruit Elasticity of Demand Apple -0.16 Banana -0.42 Grapefruit -1.02 Grapes -0.91 Orange -1.14 A. Which fruits would the demand be classified as inelastic? Elastic? B. Supp
South Carolina - ECON - 221
Homework #3 Problem 1 Consumer Surplus Non-optimal Operas. Fred' demand curve for operas is s Qd = 11 p 4Please ignore the fact that the demand curve is continuous and opera' are s discrete, i.e assume that you can attend half an opera, etc. Fred' wife m
South Carolina - ECON - 221
Problem Set #21.Consider the market for laptop computers. In each of the following situations, determine whether there is a change in supply, or a change in demand, and in which direction. Indicate also what happens to the equilibrium quantity and price
South Carolina - PYSC - 420
Psyc420 Midterm Study Guide Multiple Choice Answers Rooting would be considered a(n) _ reflex, while eye blinks and sneezing would be considered _ reflexes. a. approach; avoidance b. avoidance; approach c. vestigial; approach d. avoidance; vestigial Answe
South Carolina - PYSC - 420
Developmental Psychology Psyc420: Spring 2012 MIDTERM EXAM STUDY GUIDE Sample Multiple Choice Questions 1. Rooting would be considered a(n) _ reflex, while eye blinks and sneezing would be considered _ reflexes. a. approach; avoidance b. avoidance; approa
South Carolina - MATH - 115
Final Exam Checklist Math 115-007 Fall 2009 Sections that will be covered on the Final Exam: 1. Test 1 Material (Chapters 0/P 1) a. Sections P.1 P.3, P.5 P.7 i. Ignore the section on Scientific Notation ii. Do not need to rationalize denominators b. Secti
South Carolina - MATH - 115
Practice Quiz (10.1-10.3) Name: _ Math 115-007 December 3, 2009 Find the vertex, focus, and directrix of the following parabolas. 1. y = x 2 + 6x y = x 2 + 6 x + (3) 2 - 3 2 y = ( x + 3) 2 - 9 1 ) 4 1 Directrix: y = 9 4 Focus: (3, 9 + 2. y = -3( x - 2) 2
South Carolina - MATH - 115
Practice Quiz (10.1-10.3) Name: _ Math 115-007 December 3, 2009 Find the vertex, focus, and directrix of the following parabolas. 1. y = x 2 + 6x2.y = -3( x - 2) 2 + 3Find the Center and two Focus points of each ellipse below. 3. ( x + 1) 2 ( y + 1) 2
South Carolina - MATH - 115
Test 4 Math 115-007 November 19, 2009 1. (18 points) Given sin() =Name: _1 (with in Quadrant I), find the following using the 4 appropriate double-angle or half-angle formula: cos( ) = 15 4 cos( 2 ) = 7 8 15 1 sin( 2 ) = 2 4 4 sin(15 1- )= 4 2 2 15 4
South Carolina - MATH - 115
Test 4 Math 115-007 November 19, 2009 1. (18 points) Given sin() =Name: _1 (with in Quadrant I), find the following using the 4 appropriate double-angle or half-angle formula: cos( ) = cos( 2 ) =sin( 2 ) =sin( )= 2cos( )= 2tan( )= 22. (3 points
South Carolina - MATH - 115
Practice Quiz (8.1-8.3) Name: _ Math 115-007 November 17, 2009 Solve each system of equations and determine whether the system is independent, dependent, or inconsistent. 1. 2 x - y = 10 x + 3 y = -9 6 x - 3 y = 30 x + 3 y = -9 7 x = 21 x=3 6 - y = 10 y =
South Carolina - MATH - 115
Practice Quiz (8.1-8.3) Name: _ Math 115-007 November 17, 2009 Solve each system of equations and determine whether the system is independent, dependent, or inconsistent. 1. 2 x - y = 10 x + 3 y = -92.5 x + 2 y = 10 15 x + 6 y = 253.2 x - y = 10 4 x -
South Carolina - MATH - 115
Quiz 7 Math 115-007 November 12, 2009 (10 points each) Solve the following triangles. 1. a = 2.7 b = _ c = _ = 16 = 77 = _Name: _2. a = _ b=4 c=7 = 61 = _ = _3. a = 16 b = 13 c = 14 = _ = _ = _
South Carolina - MATH - 115
Quiz 7 Math 115-007 November 5, 2009 1. (12 points) Given cos() =Name: _1 (with in Quadrant I), find the following using the 3 appropriate double-angle or half-angle formula: 8 sin( ) = 3 sin( 1 1- )= 3 2 2 1-2 1 8 cos( 2 ) = - 3 3 1 1+ cos( ) = 3 2 2
South Carolina - MATH - 115
Quiz 7 Math 115-007 November 5, 2009 1. (12 points) Given cos() =Name: _1 (with in Quadrant I), find the following using the 3 appropriate double-angle or half-angle formula: sin( ) = cos( 2 ) =sin( )= 2 )= 2cos( )= 2tan(sin( 2 ) =2. (2 points ea
South Carolina - MATH - 115
Test 3 Math 115-007 October 29, 2009 1. (6 points each) Solve each equation for x. a. log( x) + log(5) = log(2 x + 10) log(5 x) = log(2 x + 10) 5 x = 2 x + 10 3 x = 10 10 x= 3 b. 2 x + 2 = 8 - x +1 2 x + 2 = (2 3 ) - x +1 2 x + 2 = 2 -3 x + 3 x + 2 = -3 x
South Carolina - MATH - 115
Test 3 Math 115-007 October 29, 2009 1. (6 points each) Solve each equation for x. a. log( x) + log(5) = log(2 x + 10)Name: _b. 2 x + 2 = 8 - x +12. (6 points each) Evaluate the following angles at all six trigonometric functions 3 a. 2 3 3 sin( ) = se
South Carolina - MATH - 115
Quiz 6 Name: _ Math 115-007 October 22, 2009 1. (6 points each) Evaluate the following angles at all six trigonometric functions 3 a. 4 3 2 3 sin( ) = sec( ) = - 2 4 4 2 3 3 2 csc( ) = 2 cos( ) = - 4 4 2 3 3 cot( ) = -1 tan( ) = -1 4 4 11 b. 6 11 1 11 2 s
South Carolina - MATH - 115
Quiz 6 Name: _ Math 111-007 October 22, 2009 1. (6 points each) Evaluate the following angles at all six trigonometric functions 3 a. 4b.11 62. (6 points each) For the following functions, find the amplitude, period, phase shift, frequency, vertical tr
South Carolina - MATH - 115
Quiz 5 Math 115-007 October 15, 2008Name: _1. (5 points) Let 2 x = 19 . Rewrite this equation using log 2 notation (use the definition of logarithm). log 2 19 = x 2. (5 points each) Solve for x: 1 -x + 2 = a. 2 16 2 - x + 2 = 2 -4 - x + 2 = -4 x=6 b. lo
South Carolina - MATH - 115
Quiz 5 Math 111-007 October 15, 2008Name: _1. (5 points) Let 2 x = 19 . Rewrite this equation using log 2 notation (use the definition of logarithm).2. (5 points each) Solve for x: 1 -x + 2 = a. 2 16b. log( x + 4) + log( x - 4) = log( x 2 + 4 x + 4)3
South Carolina - MATH - 115
Test 2 Name: _ Math 115 001 September 11, 2008 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. 1. (Matching, 1 p
South Carolina - MATH - 115
Test 2 Name: _ Math 115 001 September 11, 2008 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. 1. (Matching, 1 p
South Carolina - MATH - 115
Quiz 4 Name: _ Math 115 007 September 24, 2008 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. 1. (Matching, 5 p
South Carolina - MATH - 115
Quiz 4 Name: _ Math 115 007 September 24, 2008 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. 1. (Matching, 5 p
South Carolina - MATH - 115
Quiz 3 Name: _ Math 115 007 September 17, 2009 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. 1. (2 points each
South Carolina - MATH - 115
Quiz 3 Name: _ Math 115 007 September 17, 2009 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. 1. (2 points each
South Carolina - MATH - 115
Test 1 Name: _ Math 115 007 September 10, 2009 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. No calculators or
South Carolina - MATH - 115
Test 1 Name: _ Math 115 007 September 10, 2009 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. No calculators or
South Carolina - MATH - 115
Quiz 2 Name: _ Math 115 007 September 3, 2009 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. No calculators or
South Carolina - MATH - 115
Quiz 2 Name: _ Math 115 007 September 3, 2009 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. No calculators or
South Carolina - MATH - 115
Quiz 1 Name: _ Math 115 007 August 27, 2009 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. No calculators or ou
South Carolina - MATH - 115
Quiz 1 Name: _ Math 115 007 August 27, 2009 Clearly mark all answers where appropriate. Show all work. Partial credit may be given for work shown, but full credit may not be given for correct answers with incomplete or incorrect work. No calculators or ou
South Carolina - CHEM - 333
Name:Practice Exam 3 Chemistry 333 (Fall 2010)The exam will cover the second half of Chapter 7, Chapters 8, 10, and 11.1)Fill in the blanks. Where appropriate show stereochemistry. (Note: some transformations may involve more than one reaction).Br Br
South Carolina - CHEM - 333
Name:Practice Exam 1 Chemistry 333 Fall 2010These are questions taken from previous exams. The questions on the actual exam will be very similar. Questions may also be taken from the homework. This exam is about 1.5 times as long as the one you will hav
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
In Chapter 1 Questions (1.5-1.11) (1.5) Write a (valid) Lewis structure for each of the following: (a) HF (b) F2 (c) CH3F (d) HNO2 (e) H2SO3 (f) BH4 (g) H3PO4 (h) H2CO3H F b) F F c) H H C H F d) O H O N O O g) H O C O Ha)e)O H O S O Hf)H H B H HO f
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333
South Carolina - CHEM - 333