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...Problems: Practice ECO 3101 (last few lectures, not covered on Homework # 6) 1. A local shop sells bottles of perfume. They know some people place a high value on perfume and use it daily in large amounts, while others place a lower value on it, using it only for special occasions. The high-value types have marginal gross consumer surplus (i.e. demand) equal to: MGCSH = 20 2*S where S is the size of the bottle of perfume (in ounces). The low-value types have willingnessto-pay that is reflected...
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Problems: Practice ECO 3101 (last few lectures, not covered on Homework # 6) 1. A local shop sells bottles of perfume. They know some people place a high value on perfume and use it daily in large amounts, while others place a lower value on it, using it only for special occasions. The high-value types have marginal gross consumer surplus (i.e. demand) equal to: MGCSH = 20 2*S where S is the size of the bottle of perfume (in ounces). The low-value types have willingnessto-pay that is reflected by: MGCSL = 12 3*S Suppose that the marginal cost of producing each ounce of perfume is constant at $6. a. Graph the two marginal gross consumer surplus curves along with the marginal cost. b. If the firm could design a perfume bottle size especially for the high-value type, in a way that maximizes its profits, how large would it be? (call this bottle size SH) c. If the firm could design a bottle size for the low-value type, how large would it be? (call this bottle size SL) d. Suppose the firm can recognize the high-value type before she even comes through the door, so it can take the other bottle (size SL) off the shelf and make it unavailable to her. What price would the firm charge for her bottle of size SH in order to maximize profits? e. If the same were true for low-value types, so that the firm would only offer them perfume bottles of size SL, what price would the firm charge? f. If the firm can t tell people apart when they come in the door so both sizes SL and SH are on the shelf, with the prices calculated in and (c) (d) above would the high-value type buy the bottle designed for her? Explain why or why not. Does this work well for the firm and, if not, what could the firm do to avoid this situation? 2. Explain the idea of a Lindahl equilibrium. Then consider these scenarios: a. What would happen in a situation with 2 potential consumers if neither of them was ever willing to pay for more than 45% of the public good no matter what the level of provision? b. What would happen in a situation where one person had a willingness-to-pay of over 100% of the cost of the good at some level of provision? 1 3. A manufacturer sells large barrels of oatmeal to retailers at the market price of $28 per barrel. The total production costs of the manufacturer are: TC = 3Q2 2Q + 10 a) What is the manufacturer s profit-maximizing choice of quantity to produce? b) Suppose people living near the oatmeal manufacturer find the constant smell of oatmeal to be very unpleasant, and it is stronger for every barrel of oatmeal that is produced. If this generates of social cost of $6 per barrel, along with the usual production costs, what is the socially optimal choice of quantity? c) Graph the marginal cost, marginal social cost, and marginal revenue and mark the profitmaximizing and socially-optimal points. d) What if instead people really liked the smell of oatmeal because it reminded them of their grandma s house. If there is a social benefit of $6 per barrel instead of a cost, what is the socially optimal choice of quantity? 2
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UF >> ECO >> 7424 (Spring, 2008)
Take-Home Problem for Final Exam ECO 7424 Prof. Sarah Hamersma Due Tuesday, April 25 (in class) This problem uses the data nls81_87 from Wooldridges website. Part (e) requires a modified version of the same data which I will e-mail to you. Please let...
UF >> ECO >> 7424 (Spring, 2008)
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UF >> ECO >> 7424 (Spring, 2008)
ANSWER KEY for ECO 7424 MIDTERM, Spring 2006 (take home portion) a. (6 points) The regression (below) is worth 3 points (or 2 if you did not use robust). . regress final attend ACT hwrte frosh, robust Linear regression Number of obs F( 4, 675) Prob >...
UF >> ECO >> 7424 (Spring, 2008)
Homework # 1 ECO 7424 Prof. Sarah Hamersma Due Thursday, January 19 (in class) 1. This problem gives you a chance to calculate regression estimates by hand, using a very small-scale data set. You have gathered information from three people about thei...
UF >> ECO >> 7427 (Fall, 2008)
Economics 7427: Econometric Methods II University of Florida Department of Economics Spring 2007 Professor Sarah Hamersma 304 Matherly Hall 846-1988 sarah.hamersma@cba.ufl.edu Class Time: Tuesdays and Thursdays, 11:45-1:40 (periods 5-6) Classroom: MA...
UF >> ECP >> 3203 (Fall, 2008)
ECP 3203: Labor Economics University of Florida Department of Economics Fall 2008 Professor Sarah Hamersma 304 Matherly Hall 846-1988 sarah.hamersma@cba.ufl.edu http:/bear.cba.ufl.edu/hamersma/Teaching/ECP3203/ Class Time: Tuesdays and Thursdays, pe...
UF >> ECP >> 3203 (Fall, 2008)
Name _ Section _ Economics 3203 Fall 2005 Final Exam ANSWER KEY Professor Sarah Hamersma Instructions: You have 120 minutes to complete this exam, which is worth 140 points (35% of your grade). The first questions are multiple choice - please choo...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 7: Human Capital, Signaling, & Migration ANSWER KEY 1. Depending on how you read the question, you may have assumed that in the first period the person was compensated based on their education choice, or that t...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 5: Labor Supply (2) ANSWER KEY 1. a. The worker currently has a monthly net income of Y = $9*160 - $4*160 = $5*160 = $800 Therefore, the largest monthly payment that could be given would be $800 any higher off...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 2: Labor Demand (1) Due Tuesday, September 16 (in class) 1. Consider the market for labor in the retail service industry. Lets think about how this market works and how it is affected by government payroll tax...
UF >> ECP >> 3203 (Fall, 2008)
Grades for ECP 3203, 9:35 a.m. Section 9:35 a.m. class GRADE code C+ A A A C+ C+ A A C+ B+ A A C+ B A B B B B D B B+ B A B A A B A B+ A B A A A B A B B A 2 3 10 10 2 2 3 3 3 4 4 5 5 6 6 6 7 7 7 8 8 8 9 9 9 9 A A A A J J J K K K Q Q Q Q Final Proj....
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 4: Labor Supply (1) ANSWER KEY 1. a. C 1600 (160*10) 1344 (168*8) U2 U1 H2 128 160 168 H b. Katie would accept the offer. Note that she could still make the same amount of money if she continued to work 40-hr...
UF >> ECP >> 3203 (Fall, 2008)
ECP 3203 Fall 2008 Problem Set # 1 Due Thursday September 4 (in class) 1. Suppose that the supply curve for bus drivers is LS = 15,000 + 75W and the demand curve for bus drivers is LD = 140,000 50W, where L = number of bus drivers and W = the weekl...
UF >> ECP >> 3203 (Fall, 2008)
Grades for ECP 3203, 11:45 a.m. Section Final 11:45 Final Exam out Final Proj. Proj class Course Adj GRADE code HW % Midterm Prep Paper Resp. Proj. % of 140 GRADE Exam % % 74 12.5 47 12.5 91 B 10 93.33 96 65 79.25 B 76 12.5 48 12.5 97.333 120 85.71...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 6: Human Capital ANSWER KEY 1. (part 1)There is no single right answer here an argument can be made for (a) or (c). Note, though, that correct answers must address the idea of efficiency. The lottery scheme wo...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 4: Labor Supply (1) Due Tuesday, October 7 (in class) 1. Katie earns $10/hour before taxes. Income taxes are proportional to gross income, and the tax rate is 20%, so take-home pay is $8 per hour. Suppose that...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 6: Human Capital Due Thursday, Oct 30 (in class) 1. At a certain university the number of students wishing to attend substantially exceeds the available number of places. The most important criteria used to al...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 3: Labor Demand (2) ANSWER KEY 1. a. We can set MC = MR or MRPL = MEL in order to maximize profits. Both will give the same result. The second one requires more math but gets to the employment level directly. F...
UF >> ECP >> 3203 (Fall, 2008)
Project Evaluation Form Name:_ Topic:_ Poor Reflects solid understanding of and interaction with the text Successfully addresses the issues denoted in the assignment Summarizes the topic well Introduction successfully opens paper and conclusion su...
UF >> ECP >> 3203 (Fall, 2008)
ECP 3203 Fall 2008 ANSWER KEY to Problem Set # 1 1. a) Weekly Wage * Remember: solve for W first, then plot supply and demand $2800 Supply Demand -$200 15,000 140,000 Employment of Bus drivers b) Set LS = LD and solve for W*. Then plug in W* to eit...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 7: Human Capital, Signaling, & Migration Due Thursday, Nov. 6 (in class) 1. Suppose an employer is trying to set up a wage schedule. In order to avoid overpaying anyone, the firm reasons that it could have an e...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 8: Pay Gender & Race ANSWER KEY 1. The company that pays its drivers by the number of cases delivered is likely to have higher rates of traffic accidents and back injuries among its drivers, be...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 3: Labor Demand (2) Due Thursday, Sept. 25 (in class) 1. Willy Wonkas chocolate factory is the only producer of the everlasting gobstopper, a type of candy that you can continue to eat forever and will never lo...
UF >> ECP >> 3203 (Fall, 2008)
Economics 3203 Fall 2008 Problem Set # 9: Gender Unemployment Does not need to be turned in use as preparation for Final Exam 1. Last year there were 20,000 people in the labor force in Scandahoovia, and 16,000 of them had jobs. Due to a po...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Designing A Dosing Regimen Answers provided by Jeffrey Stark Mr. JM is to be started on aminophylline for the treatment of asthma. He is a non-smoker and weighs 60 kg. Design an oral dosing regimen for this patient such that the theophylline...
UF >> PHA >> 5127 (Fall, 2008)
Name: _ UFID#: _ PHA 5127 First Exam Fall 2003 On my honor, I have neither given nor received unauthorized aid in doing this assignment. KEY Name Question/Points 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. _/14 pts _/6 pts _/15 pts _/12 pts _/20 pts _/10pts _/1...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Answers Homework 4 Jeff Stark 1. What is the maximum extraction ratio for renal filtration if neither reabsorption nor active secretion take place? Explain. The drug enters the kidney at the rate of renal blood flow (RBF), 1200 ml/min. The r...
UF >> PHA >> 5127 (Fall, 2008)
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UF >> PHA >> 5127 (Fall, 2008)
PHA5127 Fall 2005 Homework #5 Answer Key (10 points) Please show all your calculations and make sure your numerical answers have units. 1. Benjamin is given an i.v. bolus injection of Drug A. Below are the properties of the drug: Volume of distribut...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Homework #5 Fall 2004 Question 1: B.S. a 54 year old male patient is admitted to the hospital. He weighs 75 kg and is 55 high. He is going to receive a new investigational drug orally. We know from a previous study, that the absorption of th...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Homework #1 (Total: 10 points) #1) Calculate AUC0 from the given concentration-time profile. (3 points) Time (h) Plasma concentration (mg/L) 1 94.8 4 80.1 6 70.3 8 59.9 12 40.1 We first need to determine whether the drug is eliminated in a...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Basic Principles of Dose Optimization I 2 Credits Website: http:/www.cop.ufl.edu/safezone/pat/pha5127/index.htm Fall 2008 Instructor: Dr. Guenther Hochhaus P3-33 273-7861 Facilitators: Gainesville April Barbour 273-7855 barboua@ufl.edu Jia...
UF >> PHA >> 5127 (Fall, 2008)
Case Study # 2 (Fall 2008) Q1) A 80 kg male patient was given a single i.v. dose of 45 mg cocaine which is known to have a half-life of 0.693 hr and a volume distribution of 2 L/kg. (1) What is the clearance of cocaine? Is it solely metabolized by li...
UF >> PHA >> 5127 (Fall, 2008)
Homework 3 PHA 5127 Fall 2001 A patient is to be started on two medications (A and B) administered by IV bolus injections on a monthly basis. Blood samples were taken 1 and 4 hours following the first injections in order to determine whether concent...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Problem Set \"Drug Absorption\" (problems_absorption.pdf) 1. From the figure shown below it follows that riboflavin absorption is dose dependent. Which of the following absorption mechanisms are responsible? shows saturation Relative bioavai...
UF >> PHA >> 5127 (Fall, 2008)
Problem Set #2 1) List 5 factors that can influence the dissolution rate of a solid drug particle. 2) Compare transmembrane-limited absorption and dissolution rate-limited absorption. 3) Estimate Vd for a drug when the volume of plasma and tissue ar...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Fall 2007 Case Study #1 #1) Patient H.G. was given 1000mg drug X as an i.v. bolus. Determined plasma concentration-time profiles are listed in the table below. time (h) 0 1.5 4 7 10 15 Plasma concentration (mg/L) 50 32 15 6 2.5 0.5 a) Deter...
UF >> PHA >> 5127 (Fall, 2008)
Homework 2 Answers PHA 5127 Fall 2005 Two failing pharmacy students were given 200mg IV bolus of the drug Studiehelp. The C0 for patient A was 2.5mg/L and for patient B was 1.5mg/L. The clearance for both patients is 5L/h. The drug is 60% bound to pl...
UF >> PHA >> 5127 (Fall, 2008)
Homework # 3 (Fall 2008) PHA 5127 Answers Q1) Drug A is administered as a 125 mg IV bolus dose. 2 hours after administration the concentration in plasma is 2 mg/L and 10 hours after administration the concentration in plasma is 0.5 mg/L. This lipop...
UF >> PHA >> 5127 (Fall, 2008)
Case Study VI Questions PHA 5127 Fall 2006 Question 1. A patient is given a 250 mg immediate-release theophylline tablet (Tablet A). A week later, the same patient is given a 250 mg sustained-release theophylline tablet (Tablet B). The tablets follo...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 (Fall, 2008) Homework #1 (10 points) Please show your calculations and make sure your numerical answers have units! Q1. 1000 mg of drug A was administered to a patient as a single i.v. bolus dose. The following plasma concentrations were ob...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5124 Homework 3 solution 1. The renal clearances, the fractions unbound in plasma and the molecular weights of four drugs in a 70 kg subject are as follows: Clren (mL/min) fu MW X 20 0.5 500 Y 0.10 0.5 200 Z 20 0.1 800 Example 50 0.9 100 Check (w...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Case Study 1 Fall 2002 Question 1. A 10 yr old, 25 kg patient suffering from Status Asthmatics was given an iv bolus of aminophylline (800 mg). When theophylline plamsa concentrations were measured at 0.5 and 5 hours after injection, drug le...
UF >> PHA >> 5127 (Fall, 2008)
...
UF >> PHA >> 5127 (Fall, 2008)
Name: _ UFID#: _ PHA 5127 Final Exam Fall 2004 On my honor, I have neither given nor received unauthorized aid in doing this assignment. KEY Name Please transfer the answers onto the bubble sheet. The question number refers to the number on the bubb...
UF >> PHA >> 5127 (Fall, 2008)
Homework # 5 (PHA 5127) Fall 2007 SET I: (4 points) Drug-X is mainly eliminated by liver and kidney. Renal elimination is only by glomerula filtration. C. M was given 70mg of this drug via IV bolus. Two plasma concentrations at 4 hours and 8 hours af...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Homework #2 Fall 2004 Question No. 1 A male patient, about 21 years old was admitted to the hospital due to acute intoxication. He was given a 400 mg i.v. bolus injection of a liver protecting drug XY. After therapeutic drug monitoring the p...
UF >> PHA >> 5127 (Fall, 2008)
12232068.xls INPUT Ko [mg/h] tau [h] T [h] Ke [1/h] Vd [L] 400 400 6 12 1 0.2 19.6 1 0.2 20 30 25 20 15 10 5 0 OUTPUT Peak ss Troughss C ss F t1/2 CL tot. 26.5 9.7 17.0 3 3.5 3.9 0 6 12 18 24 Page 1 12232068.xls Page 2 12232068.xls Page ...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Homework 4 solution 1. Drug X follows a one-compartment model after an IV bolus administration. The half-life of drug X is 0.693 hour, the volume distribution is 150 L and fu is 0.5. There are multiple routes for the elimination of drug X. W...
UF >> PHA >> 5127 (Fall, 2008)
Case study 1. (PHA5127) Fall 2003 Question 1. A 80 year old, 70-Kg patient with pneumonia, was being treated by an iv. bolus of gentamicin ( 0.5 mg / kg ). Serum samples were taken at 0.5 and 6 hours post injection, and the lab reported drug concentr...
UF >> PHA >> 5127 (Fall, 2008)
Homework 1 (PHA5127) 1. The elimination rate constant of a drug is 0.75 hr-1. A. Calculate its half-life. B. Calculate the plasma concentration after 4 hours knowing that the drug was given as an i.v. bolus injection, and 30 min after drug administra...
UF >> PHA >> 5127 (Fall, 2008)
Useful Pharmacokinetic Equations Symbols D = dose = dosing interval CL = clearance Vd = volume of distribution ke = elimination rate constant ka = absorption rate constant F = fraction absorbed (bioavailability) K0 = infusion rate T = duration of in...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 - Fall 2004 Homework #1 1. A patient was given a 200 mg i.v. bolus of a drug. The following data was obtained. Time (hr) Conc. (mg/L) 1 100 2 50 4 20 6 8 8 3 12 0.5 a. b. c. d. e. Determine if the drug is eliminated by a zero-order or firs...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 First Exam Fall 1998 Answers by Jeff Stark 1. The volume of distribution of a lipophilic drug X is 1,000 L. Mark whether the following statements are True or False (5 pts) T T T T T F F F F F plasma protein binding is more pronounced tha...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Fall 2003 Case Study # 2 - Answers 1. a) A patient is to be started on two medications (A and B) administered by IV bolus injections. Blood samples were taken at 1 and 4 hours following the first injections of drug A or B alone in order to ...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Case study #4 1.) Sarah C. is a 55-year-old woman on aminoglycoside therapy. She is 56 tall and weighs 60 kg. Her serum creatinine level is 0.75 mg/dl. What is her creatinine clearance? What is the patients ke and half-life? Calculate the i....
UF >> PHA >> 5127 (Fall, 2008)
Homework 2 PHA 5127 Fall 2007 (Total 10 Points) 1. Mark whether the following statements are True or False. (0.5 points each) TF TF TF TF TF TF a. Apparent volume of distribution (Vd) will never excess the total body volume. b. At equilibrium, the...
UF >> PHA >> 5127 (Fall, 2008)
Homework # 6 (PHA 5127) Fall 2007 SET I: (4 points) J.M receives IV bolus antibiotic-143 at a dose of 300 mg every 8 hr (TID). At steady state, peak concentration is 30g/ml; and it dropped to 9g/ml within 4hr, (assuming this antibiotic-143 follows a ...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Homework 4 key Fall 2005 1.) A new antihypertensive drug was administered to a patient intravenously by a bolus injection and plasma samples were collected over time. The dose given was 3 mg. The pharmacokinetics of the drug are linear and ...
UF >> PHA >> 5127 (Fall, 2008)
Homework 2 PHA 5127 Fall 2000 A 100 mg dose of a drug was administered to two patients by IV bolus injection. For patients A and B, the initial concentrations were 1.25mg/L and 2.5mg/L, respectively. Two hours after injection, the plasma concentrati...
UF >> PHA >> 5127 (Fall, 2008)
Case Study 3 PHA 5127 Fall 2006 1: Predict the changes in Cl given the following scenarios: h Parameter fraction of unbound drug intrinsic clearance hepatic blood flow Direction of change Increases Decreases Increases effect on Clh for a low Ext...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Basic Principles of Dose Optimization I Lecture Schedule Fall 2008 Monday; Tuesday Thursday; Friday 8:30am - 9:20am Copies of the PowerPoint Presentations available Homework will be handed out on the day of the Case Study and due the day of...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5128 Fall 2004 HW 4 1. The disposition kinetics of a drug after IV bolus injection is described by a onecompartment model. Assume the half life following therapeutic doses in humans is 4hr, therefore: a. What is its elimination rate constant? ke=...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Fall 2003 Case Study # 2 1. a) A patient is to be started on two medications (A and B) administered by IV bolus injections. Blood samples were taken at 1 and 4 hours following the first injections of drug A or B alone in order to determine ...
UF >> PHA >> 5127 (Fall, 2008)
Homework 2 PHA 5127 Fall 2005 Two failing pharmacy students were given 200mg IV bolus of the drug Studiehelp. The C0 for patient A was 2.5mg/L and for patient B was 1.5mg/L. The clearance for both patients is 5L/h. The drug is 60% bound to plasma pro...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Homework #5 Fall 2004 Question 1: B.S. a 54 year old male patient is admitted to the hospital. He weighs 75 kg and is 55 high. He is going to receive a new investigational drug orally. We know from a previous study, that the absorption of th...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Answers Case Study 5 Fall 2006 1. Given the following data collected after 300 mg dose and 750mg dose i.v. bolus (Table 1) with their corresponding semi-log plots and concentration vs. time equations (figure 1): Time (hr) 2 13 24 Dose (300mg...
UF >> PHA >> 5127 (Fall, 2008)
Case Study 5 Answers PHA 5127 Fall 2005 A. M. is a 60 year old, 70 kg female patient admitted to the emergency room with severe pneumonia. As treatment, her doctor orders that she be administered 200mg of bacqilmycin by I.V. bolus every 8 hours for o...
UF >> PHA >> 5127 (Fall, 2008)
PHA 5127 Homework 5 solution 1. The elimination half-life of drug X is 1.386 hours with an apparent volume of distribution of 10 L. The usual therapeutic range for this drug is between 10 and 20 mg/L. Calculate a dosing regimen (multiple IV bolus do...
UF >> PHA >> 5127 (Fall, 2008)
Case Study Vancomycin PHA 4120 The antibiotic Vancomycin is eliminated almost entirely by glomerular filtration. For a patient with normal renal function, the half-life is about 6 hours. The volume of distribution is 0.9 L/kg. For systemic infections...
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