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ECON 101 - Principles Of Microeconomics - Wisconsin Study Resources
  • 1 Page ps7
    Ps7

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 7 Due By October 31, 2005 (in class) Public Goods and Externalities: Multiple Choice. 1) An example of a good that is both rival and excludable is a) b) c) d) 2) a) b) c) d) the defense

  • 2 Pages review_final
    Review_final

    School: Wisconsin

    Exam Name_ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Suppose that the probability that a used bike is a lemon (low quality) is p . If a buyer is willing to pay $H for a plum (high-quality) bi

  • 10 Pages http___courses.aplia.com_af_servlet_cmserver_Midterm_2_Version_1.pdf_ctx=rserrano-0001&cms_actio
    Http___courses.aplia.com_af_servlet_cmserver_Midterm_2_Version_1.pdf_ctx=rserrano-0001&cms_actio

    School: Wisconsin

    Course: Principles Of Microeconomics

    Econ101 Exam 2 Version 1 Economics 101 Midterm 2 Use the following graph to answer the next two questions. Professor Serrano-Pardial November 14, 2007 P S Unit Tax = 14 S Pd=28 P*=20 D Q* Q 1. In the market depicted by the graph, an excise tax of

  • 4 Pages Econ 101 Study Guide
    Econ 101 Study Guide

    School: Wisconsin

    Course: Principles Of Microeconomics

    After 2nd Midterm Notes Duality- There are 2 ways to think about the firms problem: 1. Picking the optimal quantity a. Firm determines technology- determines the production function: F(K,L) b. Firm minimizes cost i. Minimize (wL+rK) subject to Q=F(K,

  • 17 Pages final sample 2
    Final Sample 2

    School: Wisconsin

    Course: Principles Of Microeconomics

    Final Exam Version 1; Page 1 Economics 101 Final Exam Professor Hertel 5/17/2007 Student Name: _ID# _ Discussion # _ DO NOT BEGIN WORKING UNTIL YOU ARE TOLD TO DO SO. READ THESE INSTRUCTIONS FIRST. You have 120 minutes to complete the exam, which

  • 3 Pages Midterm 2 Mock Exam Chad
    Midterm 2 Mock Exam Chad

    School: Wisconsin

    Course: Microeconomics

    BLC Microeconomics Mock Midterm 2 Use the following information to answer the next TWO (2) questions. Susan visits the state fair and rides the Ferris wheel several times. The following table shows her marginal and total utility from a given number of rid

  • 1 Page PQUIZ6
    PQUIZ6

    School: Wisconsin

    Course: Microeconomics

    Econ 101: Principles of Microeconomics Korinna K. Hansen NAME: Disc. Section: Practice Quiz 6 (6 points) Marys cake company faces the following cost schedule: Q TFC TVC TC AFC AVC ATC MC 0 50 0 50 - - - - 1 20 2 50 3 50 4 5 50 70 100 30 90 30 190 50 12.5

  • 5 Pages Monday November 14 notes
    Monday November 14 Notes

    School: Wisconsin

    Course: MICROECONOMICS

    Monopoly: an industry that produces a good of service for which no good substitutes exist and in which there is one supplier that is protected from entry by a barrier preventing the entry of new firms. (has market power) -In order to exist a monopolist ne

  • 4 Pages 5- CHapter 3+4
    5- CHapter 3+4

    School: Wisconsin

    Course: Microeconomics

    Circular Flow of Economic Activity Firms and Households Interact in Two Markets o Output markets Goods we go out and get- goods and services Firms supply and households demand o Input markets Factors of production- Labor, land, capital, entrepreneurs

  • 4 Pages Handout#6
    Handout#6

    School: Wisconsin

    Course: Microeconomics

    ECON101 Discussion Section Handout #6 (Budget Line) Budget line represents consumption bundles that can be purchased under the market price with a consumers income. 1. You are asked to construct budget line of Paul. Using the information he provided, draw

  • 4 Pages Midterm 2 Mock Exam Hillary
    Midterm 2 Mock Exam Hillary

    School: Wisconsin

    Course: Microeconomics

    M ock exam for M idterm 2 Econ 101 1. Suppose a firm has a constant Marginal Cost. If the firm produces 3 units of output, the Total Cost will = $300. s Fixed Cost. A) $0 B) $20 C) $100 D) $240 E) Impossible to say 2 apple. apples (A) and bananas (B) is A

  • 1 Page Midterm2 2007
    Midterm2 2007

    School: Wisconsin

    Course: Microeconomics

    Econ101 Exam 2 Version 1 Economics 101 Midterm 2 Professor Serrano-Pardial November 14, 2007 Use the following graph to answer the next two questions. P S Unit Tax = 14 S Pd=28 P*=20 D Q* Q 1. In the market depicted by the graph, an excise tax of $14 has

  • 10 Pages Midterm2 2007 Answer Key
    Midterm2 2007 Answer Key

    School: Wisconsin

    Course: Microeconomics

    Econ101 Exam 2 Version 1 Economics 101 Midterm 2 Professor Serrano-Pardial November 14, 2007 Student Name: _ ID#: _ Discussion #: _ DO NOT BEGIN WORKING UNTIL YOU ARE TOLD TO DO SO. READ THESE INSTRUCTIONS FIRST! The exam consists of 33 multiple-choice qu

  • 1 Page Midterm2 2008
    Midterm2 2008

    School: Wisconsin

    Course: Microeconomics

    2 P 300 , and the domestic supply is QS P . Q1. The domestic demand for bananas is Q D If the world price is $30 and the government imposes a tariff of $50, what would be the import quota equivalent to the $50 tariff? a) 50 b) 20 c) 60 d) 80 e) 100 Q2. Th

  • 1 Page Midterm2 2008 Answer Key
    Midterm2 2008 Answer Key

    School: Wisconsin

    Course: Microeconomics

    2 P 300 , and the domestic supply is QS P . Q1. The domestic demand for bananas is Q D If the world price is $30 and the government imposes a tariff of $50, what would be the import quota equivalent to the $50 tariff? a) 50 b) 20 c) 60 d) 80 e) 100 Q2. Th

  • 3 Pages midterm2 2010
    Midterm2 2010

    School: Wisconsin

    Course: Microeconomics

    Version # Economics 101 Professor Serrano-Padial nd 2 Midterm, Version#1 Apr. 13, 2010 DO NOT START WORKING UNTIL YOU ARE TOLD SO READ THESE INSTRUCTIONS FIRST Name_ ID _ Section# _ You have 70 minutes to complete the exam, which consists of 33 multiple-c

  • 1 Page Midterm2 2010 Answer Key
    Midterm2 2010 Answer Key

    School: Wisconsin

    Course: Microeconomics

    Version #1 Economics 101 Professor Serrano-Padial nd 2 Midterm, Version#1 Apr. 13, 2010 DO NOT START WORKING UNTIL YOU ARE TOLD SO READ THESE INSTRUCTIONS FIRST Name_ ID _ Section# _ You have 70 minutes to complete the exam, which consists of 33 multiple-

  • 3 Pages Mock Final Chad
    Mock Final Chad

    School: Wisconsin

    Course: Microeconomics

    BLC Microeconomics Final Exam Review Use the following information to answer the next three questions. Countries A and B only produce 2 goods, sweatshirts and jackets. The following table shows how many units can be produced in each country per week at tw

  • 6 Pages Handout#6(sol)
    Handout#6(sol)

    School: Wisconsin

    Course: Microeconomics

    (Econ 101 Discussion Section) Suggested Solution to Handout #6 1. You are asked to construct budget line of Paul. Using the information he provided, draw his budget line on separate graphs. Be sure to label each axis first to avoid unintended confusions.

  • 3 Pages Handout #7
    Handout #7

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Handout #7 Introduction of Substitution and Income Effect Every price change can be decomposed into an income effect and a substitution effect; the price effect is the sum of substitution and income effects. The substitution effect is a price cha

  • 8 Pages Handout 7 with solution
    Handout 7 With Solution

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Handout #7 Introduction of Substitution and Income Effect Every price change can be decomposed into an income effect and a substitution effect; the price effect is the sum of substitution and income effects. The substitution effect is a price cha

  • 2 Pages October 12 Notes
    October 12 Notes

    School: Wisconsin

    Course: MICROECONOMICS

    Most indifference curves are convex toward the origin (bowed IN)- Why? -When an individual has lots of the y good, but not very much of the x good, they are willing to give up lots of the y good to obtain a little of the x good i.e. the MRS is high the in

  • 6 Pages Notes
    Notes

    School: Wisconsin

    Course: MICROECONOMICS

    AfricanStorytelling Friday,October21,2011 1. THINGSFALLAPART OkonkwoconfuseshisviewofanidealsocietywithtrueIbosociety Suppressespartsofhimselfwhichheseesasfeminine Cantfacerealityofhischangingculturewhenhereturns Earlyon,thoughtheinfluencedhisculturebutdi

  • 1 Page LG6
    LG6

    School: Wisconsin

    Course: Microeconomics

    University of Wisconsin Department of Economics Economics 101: Principles of Microeconomics Korinna K. Hansen Learning Guide 6 Due Date: Week of Monday, October 25, 2010 Reading Assignment: Case & Fair Chapter 8 (not the appendix) & relevant lecture mater

  • 4 Pages handout 5
    Handout 5

    School: Wisconsin

    Course: Microeconomics

    Econ 101Discussion Section, handout #5 International Trade Problem 1 Consider the book market. Domestic demand for books in a small country is given by the equation P= -3Qd+ 100. Domestic supply is given by the equation P=Qs. The world price of books is $

  • 2 Pages Helpful links Fall 2010
    Helpful Links Fall 2010

    School: Wisconsin

    Course: Microeconomics

    Helpful Web Sites Fall Group Advising Undergraduate Academic Services (UAS) Provides information concerning academic advising, Wisconsin School of Business policies and School of Business opportunities through group advising sessions, drop-in advising app

  • 4 Pages Handout2
    Handout2

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Discussion SectionHandout #2 PPF, Opportunity Cost, Absolute Advantage and Comparative Advantage Problem 1 Now Steven has to decide what to do in the following hour. Three choices are available, attending the discussion section for Econ 101, watc

  • 10 Pages handout4
    Handout4

    School: Wisconsin

    Course: Microeconomics

    Economics 101: Introductory Microeconomics Fall 2010 Handout #4 Price Control A price ceiling is a maximum legal price which sellers can charge for a product. A price floor is a minimum legal price which buyers must pay for a product. Note that price cont

  • 10 Pages handout3_econ101fall2010
    Handout3_econ101fall2010

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Discussion SectionHandout #3 ANSWERS Problem 1 Supply and Demand, Basics The following table describes the demand schedule for butter: Price ($) .2 5 .4 5/2 .6 5/3 .8 5/4 1 a. Quantity (pounds) 1 Plot the demand curve for butter. b. Bread and but

  • 8 Pages Handout 1
    Handout 1

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Discussion SectionHandout #1 Math Review Problem 1 Line A and Line B are both straight lines. The points (0, 10) and (10, 20) lie on Line a. The points (5, 20) and (15, 5) lie on Line B. b. Draw Line A and Line B on a graph. c. Find the slope for

  • 13 Pages mt1spring2009v1
    Mt1spring2009v1

    School: Wisconsin

    Course: Microeconomics

    Version #1 Econ 101-Spring 2009 Midterm exam 1 Version #1 Student Name: _ ID# _ Discussion # _ You have 75 minutes to answer the exam. The exam contains 12 binary choice questions worth 2 points each and 25 multiple choice questions worth 3 points each. Y

  • 12 Pages misterm2summer2010
    Misterm2summer2010

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Summer 2010 Exam 2 Professor Kelly Name: _ Section Day and Time: _ There are 2 short answer questions and 20 multiple choice questions. Question 1 20 points Your Score: _ Question 2 20 points Your Score: _ Multiple Choice 60 points Your Score: To

  • 7 Pages answerstosummer2010perfectcompetitionquestions
    Answerstosummer2010perfectcompetitionquestions

    School: Wisconsin

    Course: Microeconomics

    Perfect Competition Questions Question 1 Suppose there is a perfectly competitive industry where all the firms are identical with identical cost curves. Furthermore, suppose that a representative firms total cost is given by the equation TC = 100 + q2 + q

  • 4 Pages summer2010perfectcompetitionquestions
    Summer2010perfectcompetitionquestions

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Summer 2010 Practice Questions on Perfect Competition Question 1 Suppose there is a perfectly competitive industry where all the firms are identical with identical cost curves. Furthermore, suppose that a representative firms total cost is g

  • 5 Pages Econ 101 Handout #9
    Econ 101 Handout #9

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Handout #9 Fixed inputan input whose quantity is fixed for a period of time and cannot be varied, for instance, land. Variable inputan input whose quantity the firm can vary at any time. For instance, labor. In the LONG RUNthat is, given that a l

  • 7 Pages Mock Final Hillary
    Mock Final Hillary

    School: Wisconsin

    Course: Microeconomics

    Econ101withProfessorsSerrano&Gandhi:May5,2011 BLCFinalExamReview NEWSTUFF Figure1:PerfectlyCompetitiveFirm 1.InFigure1,ifthemarketpriceisP3thentheproducerwill a)ProducequantityQ1intheshortrunandexitinthelongrun b)ProducequantityQ2intheshortrunandexitinthe

  • 1 Page Midterm Instructions
    Midterm Instructions

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Fall 2010 10/05/10 First Midterm Name _ TA Name _ Discussion Section #_ Student ID # _ Version 1 DO NOT BEGIN WORKING UNTIL THE INSTRUC TOR TELLS YOU TO DO SO READ THESE INSTRUCTIONS FIRST. You have 75 minutes to complete the exam. The exam

  • 6 Pages homework4fall2010
    Homework4fall2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Fall 2010 Homework #4 Due: 11/04/2010 in lecture Directions: The homework will be collected in a box before the lecture. Please place your name, TA name and section number on top of the homework (legibly). Make sure you write your name as it

  • 11 Pages firstmidtermfall2010afternoonlecture
    Firstmidtermfall2010afternoonlecture

    School: Wisconsin

    Course: Microeconomics

    Economics 101 _ Fall 2010 _ 10/5/10 #_ First Midterm _ Name TA Name Discussion Section Student ID # Version 1 DO NOT BEGIN WORKING UNTIL THE INSTRUCTOR TELLS YOU TO DO SO READ THESE INSTRUCTIONS FIRST. You have 75 minutes to complete the exam. The exam co

  • 3 Pages midterm2_review_questions
    Midterm2_review_questions

    School: Wisconsin

    Course: Microeconomics

    Econ 101 - Review Questions for Midterm 2 Professor Korinna K. Hansen 1) In a world of two goods X and Y with prices PX and PY, an increase in both prices PX and PY will cause an _ in consumers budget line. a) inward shift b) outward shift c) ambiguous (i

  • 12 Pages EconExam2Review
    EconExam2Review

    School: Wisconsin

    Course: Microeconomics

    ECONEXAM2REVIEW:Chapters912 Chapter9MakingDecisions ExplicitCosts Coststhatinvolveadirectpaymentofcash Costspaidout Example:ingredientsforabakery,rentonabuildingetc ImplicitCosts Coststhatinvolvenooutlayofmoneybutrepresenttheinflowsofcashthatare forgone F

  • 3 Pages Review Sheet ECON 1
    Review Sheet ECON 1

    School: Wisconsin

    Course: Microeconomics

    Review Sheet for the Second Midterm of Economics 101 Jing Tao The following is a list of topics that you should cover for the second midterm. This list should serve as a checklist for you to see whether you have studied everything you need to. In order to

  • 3 Pages Kelly HW 1 - Math Review, Opp Cost, and Trade
    Kelly HW 1 - Math Review, Opp Cost, And Trade

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Fall 2010 Homework #1 Due 9/21/2010 at the beginning of lecture Directions: The homework will be collected in a box before the lecture. Place your name, TA name and section number on top of the homework (legibly). Late homework will not be a

  • 6 Pages syllabusfall2010
    Syllabusfall2010

    School: Wisconsin

    Course: Microeconomics

    ECONOMICS 101 INTRODUCTORY MICROECONOMICS FALL 2010 Instructor: Elizabeth Sawyer Kelly Office: 7416 Social Science Office Phone: 608-262-8829 Office Hours: Before class and after class, and by appointment E-mail: eskelly@wisc.edu Webpage: www.ssc.wisc.edu

  • 1 Page New Microsoft Word æ��æ¡£
    New Microsoft Word �档

    School: Wisconsin

    2012 2012 DJ

  • 8 Pages List1-2
    List1-2

    School: Wisconsin

    Abandon vt./n.(abandoned, abandonment) Abbreviate vt.(abbreviation, abbreviated) Abnormal a. Abolition n.(abolitionist) Abort n. Abound vi.(abundance) Abrasion n.(abrasive) Abreast ad. Abrupt a. Absence n. Absolutely ad. Absorb vt.(absorbent, absorbed) Ab

  • 8 Pages List3-4
    List3-4

    School: Wisconsin

    Assume vt.(assumption, presume, consume, resume) Assure vt.(ensure, insure, secure) Asteroid n. Astronomy n.(astronomical, astronomer) Asymmetrical a.(symmetrical) Athlete n.(athletic, nonathletic) Atmosphere n.(atmospheric) Atomic a. Attach vt.(attached,

  • 8 Pages List5-6
    List5-6

    School: Wisconsin

    Cascara n. Cassette n. Cast n./vt. Catalog n. Catalyst n. Catastrophe n.(apostrophe) Category n.(categorize) Caterpillar n. Cautious a.(precaution) Cavity n.(cranial cavity) Cease v./n. Celebrate vt. Celebrated a.(celebrity) Celestial a. Cell n. Census n.

  • 8 Pages List7-8
    List7-8

    School: Wisconsin

    Confine vt. Confirm vt. Conflict n./vi. Conform vi. Confront vt. Congenial a. Congestion n. Congress n. Conscious a. Consciously ad. Consent vi./n. Consequence n. Consequently ad. Conservation n. Conserve vt. Considerable a. Considerate a. Consistent a. C

  • 9 Pages List9-10
    List9-10

    School: Wisconsin

    Delicious a. Delight n./v. Deliver v. Delta n. Demanding a. Democrat n. Democratic a. Demolish vt. Demonstrate vt. Denote vt. Dense a. Dentist n. Deny vt. Depart vi. Depend vi. Depict vt. Deplete vt. Deposit vt./n. Depression n. Deprive vt. Derive vi. Des

  • 8 Pages List11-12
    List11-12

    School: Wisconsin

    Elusive a. Embarrass v. Embellish vt. Emblem n. Embody vt. Embrace vt. Embryo n. Emerald n. Emerge vi. Eminent a. Emission n. Emit vt. Emotion n. Emotional a. Emphasize vt. Enactment n. Encase vt. Enclose vt. Encompass vt. Encounter n./vt. Encourage vt. E

  • 9 Pages List13-14
    List13-14

    School: Wisconsin

    Fidelity n. File n./vt. Filter n./vt. Fin n. Finance vt./n. Finch n. Firm n./a. Fitness n. Flag n. Flagellum n. Flake n./vt. Flame n. Flap n./v. Flask n. Flat a./n. Flavoring n. Flexible a. Flint n. Float v. Flock n./vi. Flora n. Flourish vi. Fluctuate vi

  • 9 Pages HW3 with solutions
    HW3 With Solutions

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Fall 2010 Homework #3 Due 10/26/10 Directions: The homework will be collected in a box before the lecture. Please place your name, TA name and section number on top of the homework (legibly). Make sure you write your name as it appears on yo

  • 6 Pages homework3summer2010
    Homework3summer2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Summer 2010 Homework #3 Due Thursday, June 24, 2010 This homework is due at the beginning of the class lecture. Make sure that your homework includes your name, section number, and is stapled. There will be no stapler at the class lecture. S

  • 14 Pages secondmidtermversion1fall2009withanswers
    Secondmidtermversion1fall2009withanswers

    School: Wisconsin

    Course: Microeconomics

    Economics 101 11/18/2009 Second Midterm Student Name : Section # : TA Name : Version 1 DO NOT BEGIN WORKING UNTIL THE INSTRUCTOR TELLS YOU TO DO SO. READ THESE INSTRUCTIONS FIRST. You have 75 minutes to complete the exam. The exam consists of 13 binary ch

  • 12 Pages midterm2fall2008morningAK
    Midterm2fall2008morningAK

    School: Wisconsin

    Course: Microeconomics

    Economics 101 11/18/2008 Second Midterm Student Name : Section # : TA Name : Version # X DO NOT BEGIN WORKING UNTIL THE INSTRUCTOR TELLS YOU TO DO SO. READ THESE INSTRUCTIONS FIRST. You have 75 minutes to complete the exam. The exam consists of 12 binary

  • 11 Pages answerstomidterm2summer2010
    Answerstomidterm2summer2010

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Summer 2010 Exam 2 Professor Kelly Name: _ Section Day and Time: _ There are 2 short answer questions and 20 multiple choice questions. Question 1 20 points Your Score: _ Question 2 20 points Your Score: _ Multiple Choice 60 points Your Score: To

  • 9 Pages firstmidtermsummer2010
    Firstmidtermsummer2010

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Summer 2010 Exam 1 Professor Kelly Name: _ Section Day and Time: _ There are 5 questions. Question 1 20 points Your Score: _ Question 2 20 points Your Score: _ Question 3 20 points Your Score: _ Question 4 15 points Your Score: _ Question 5 25 po

  • 9 Pages answerstofirstmidtermsummer2010
    Answerstofirstmidtermsummer2010

    School: Wisconsin

    Course: Microeconomics

    Econ 101 Summer 2010 Exam 1 Professor Kelly Name: _ Section Day and Time: _ There are 5 questions. Question 1 20 points Your Score: _ Question 2 20 points Your Score: _ Question 3 20 points Your Score: _ Question 4 15 points Your Score: _ Question 5 25 po

  • 11 Pages econ-firstmidtermfall2010
    Econ-firstmidtermfall2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Fall 2010 10/05/10 First Midterm Name _ TA Name _ Discussion Section #_ Student ID # _ Version 1 DO NOT BEGIN WORKING UNTIL THE INSTRUC TOR TELLS YOU TO DO SO READ THESE INSTRUCTIONS FIRST. You have 75 minutes to complete the exam. The exam

  • 70 Pages 2- Solutions to Book Problems
    2- Solutions To Book Problems

    School: Wisconsin

    Course: Microeconomics

  • 4 Pages homework3fall2010
    Homework3fall2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Fall 2010 Homework #3 Due 10/26/10 Directions: The homework will be collected in a box before the lecture. Please place your name, TA name and section number on top of the homework (legibly). Make sure you write your name as it appears on yo

  • 13 Pages answerstohomework2fall2010
    Answerstohomework2fall2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Fall 2010 Answers to Homework #2 Due 09/30/2010 in lecture Directions: The homework will be collected in a box before the lecture. Please place your name, TA name and section number on top of the homework (legibly). Make sure you write your

  • 4 Pages homework2fall2010
    Homework2fall2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Fall 2010 Homework #2 Due 09/30/2010 in lecture Directions: The homework will be collected in a box before the lecture. Please place your name, TA name and section number on top of the homework (legibly). Make sure you write your name as it

  • 11 Pages answerstohomework4fall2009
    Answerstohomework4fall2009

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Answers to Homework #4 Fall 2009 Due 11/11/2009 before lecture Directions: The homework will be collected in a box before the lecture. Place your name, TA name and section number on top of the homework (legibly). Late homework will not be a

  • 5 Pages homework4fall2009
    Homework4fall2009

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Homework #4 Fall 2009 Due 11/11/2009 before lecture Directions: The homework will be collected in a box before the lecture. Place your name, TA name and section number on top of the homework (legibly). Late homework will not be accepted. It

  • 11 Pages answerstohomework3summer2010
    Answerstohomework3summer2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Summer 2010 Answers to Homework #3 Due Thursday, June 24, 2010 This homework is due at the beginning of the class lecture. Make sure that your homework includes your name, section number, and is stapled. There will be no stapler at the class

  • 14 Pages answerstohomework4summer2010
    Answerstohomework4summer2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Summer 2010 Answers to Homework #4 Due Thursday, July 1, 2010 This homework is due at the beginning of the class lecture. Make sure that your homework includes your name, section number, and is stapled. There will be no stapler at the class

  • 6 Pages homework4summer2010
    Homework4summer2010

    School: Wisconsin

    Course: Microeconomics

    Economics 101 Summer 2010 Homework #4 Due Thursday, July 1, 2010 This homework is due at the beginning of the class lecture. Make sure that your homework includes your name, section number, and is stapled. There will be no stapler at the class lecture. Su

  • 8 Pages List15-16
    List15-16

    School: Wisconsin

    Hardware n. Hardy a. Harmony n. Harness n./vt. Harsh a. Haste n. Hatch v. Haul v. Haunt vt./n. Haven n. Hawk n. Hay n. Hazard n. Heading n. Healing a. Heed n. Hemisphere n. Henceforth ad. Herald n./vt. Herb n. Herd n. Heritage n. Hibernation n. Hide v./n.

  • 1 Page Learning Guide 3
    Learning Guide 3

    School: Wisconsin

    Course: MICROECONOMICS

  • 3 Pages ps2an
    Ps2an

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 2 Answer Key Gains from Trade and the Production Possibilities Frontier 1. Wheat Australia Wheat a) 600 New Zealand 200 600 Cotton 200 Cotton b) New Zealand has a comparative advantage

  • 2 Pages ps3
    Ps3

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 3 Due by September 26, 2005 (in class) Consumer Choice 1. The Budget Constraint. Suppose Lewis lives in a world with only two goods, beer and cheese. Lewis income each month is $500. Be

  • 4 Pages ps3an
    Ps3an

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 3: Answer Key 1. Recall that Lewis income each month is $500. Beer costs $2 a bottle, and cheese costs $5 per pound. a) If Lewis spent all of his income each month on beer, he could con

  • 2 Pages ps4
    Ps4

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang NOT TO BE TURNED IN Problem Set 4 Finish before the October 3rd Midterm. This problem set has been provided to help you prepare for Midterm 1. Answers are already posted. This problem set will be n

  • 5 Pages ps4an
    Ps4an

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 4 Answer Key 1. Recall that annual demand for widgets is given by the equation QD=40-4P while the supply curve is given by QS=2P-2. a) Quantity demanded will be 0 when Price = $10. To s

  • 1 Page ps5
    Ps5

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 5 Due By October 10, 2005 (in class) Elasticity of Demand and Marginal Revenue 1) a. Consider the demand curve for widgets, QD=100 5P. Find the price and quantity at which the price ela

  • 3 Pages ps5ans
    Ps5ans

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 5 - Answer Key 1) Recall the demand curve for widgets, QD=100 5P. a. There are two ways to find the price and quantity at which the price elasticity of demand is equal to -1 (unit elast

  • 2 Pages ps6
    Ps6

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 6 Due By October 24, 2005 (in class) The Impact of a Price Ceiling 1) Demand for leaf blowers in Madison is given by the equation QD=90-P, while supply is given by QS=2P. a. b. c. What

  • 4 Pages ps6an
    Ps6an

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 6 ANSWER KEY The Impact of a Price Ceiling 1) Recall that the demand for leaf blowers in Madison is given by the equation Q =90-P, while supply is given by Q =2P. D S a. In equilibrium

  • 3 Pages ps7ans
    Ps7ans

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 7 ANSWER KEY Public Goods and Externalities: 1) An example of a good that is both rival and excludable is (b), a pair of pants. Excludable means that access can be denied (i.e. a theme

  • 1 Page ps8
    Ps8

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 8 Due By November 14, 2005 (in class) Perfect Competition (Chapter 14) 1) A local microbrewery has total costs of production given by the equation TC=50+10Q+5Q2. This implies that the f

  • 3 Pages ps8ans
    Ps8ans

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 8 ANSWER KEY Perfect Competition (Chapter 14) 1) A local microbrewery has total costs of production given by the equation TC=50+10Q+5Q2. This implies that the firm's marginal cost is gi

  • 1 Page ps9
    Ps9

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 9 Due By Nov 21, 2005 Perfect Competition (Chapter 14): Short Run and Long Run 1) It may help to use Chapter 14 from the text to aid in answering the following questions. a. Show a pair

  • 6 Pages ps9ans
    Ps9ans

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 9 ANSWER KEY Perfect Competition (Chapter 14): Short Run and Long Run 1) Begin by looking at the long run equilibrium (LRE). Notice that it must be true in LRE that profit = 0. This mea

  • 3 Pages ps10
    Ps10

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 10 (due Dec. 5 in class) Price Discrimination (cont'd) 1. Suppose an airline flies the route of Boston to Hawaii at no cost and the airline faces two types of passengers: business and l

  • 2 Pages ps2
    Ps2

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 2 Due by September 19, 2005 (in class) Gains from Trade and the Production Possibilities Frontier 1. Suppose Australia and New Zealand each have 100 acres of land available for farming

  • 5 Pages ps1an
    Ps1an

    School: Wisconsin

    Course: Microeconomics

    UNIVERSITY OF WISCONSIN Economics 101 Fall 2005 Wei Zhang Problem Set 1 Answer Key 1. a) y =10-2x is represented by the solid line above. b) The slope of y =10-2x is the coefficient on x: -2. The vertical intercept is 10. If x were on the vertical axis th

  • 1 Page Learning Guide 1
    Learning Guide 1

    School: Wisconsin

    Course: MICROECONOMICS

  • 1 Page Practice Quiz 3
    Practice Quiz 3

    School: Wisconsin

    Course: MICROECONOMICS

  • 1 Page Practice Quiz 2
    Practice Quiz 2

    School: Wisconsin

    Course: MICROECONOMICS

  • 1 Page Practice Quiz 1
    Practice Quiz 1

    School: Wisconsin

    Course: MICROECONOMICS

  • 1 Page Quiz 9
    Quiz 9

    School: Wisconsin

    Course: MICROECONOMICS

  • 1 Page Quiz 4
    Quiz 4

    School: Wisconsin

    Course: MICROECONOMICS

  • 1 Page Quiz 3
    Quiz 3

    School: Wisconsin

    Course: MICROECONOMICS

  • 1 Page Quiz 2
    Quiz 2

    School: Wisconsin

    Course: MICROECONOMICS

  • 1 Page Practice Quiz 4
    Practice Quiz 4

    School: Wisconsin

    Course: MICROECONOMICS

  • 8 Pages 1_U.S. Antitrust
    1_U.S. Antitrust

    School: Wisconsin

    Course: Microeconomics

    Amalgamated America - Trust in Markets: Antitrust Enforcers Drop the Ideology, Focus on Economics - From Sherman to Pitofsky, Attitudes About Bigness Have Come a Long Way - The View From 30,000 Feet By Roger Lowenstein. Wall Street Journal (Eastern Editio

  • 3 Pages 2_European Antitrust
    2_European Antitrust

    School: Wisconsin

    Course: Microeconomics

    Trustbusting's Top Cop:The EU's Mario Monti is picking up the mantle now that Washington favors antitrust minimalism Mike France in New York, with William Echikson in Brussels and Dan Carney in Washington. Business Week New York:April 30, 2001. Iss. 3730,

  • 7 Pages discrimonop
    Discrimonop

    School: Wisconsin

    Course: Microeconomics

    Monopoly Price Discrimination 1st degree (perfect price discrimination): charge each consumer the WTP 2nd degree: use self-selecting devices (personal arbitrage and screening) 3rd degree: use signals (e.g. age, occupation, location ) of consumers preferen

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