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Unformatted text preview: EEPlOI/ECON125: GS1 Comments on Problem Set I Median: 87.5, Mean: 83.2 General: (1) Staples were a great invention and should be used whenever possible. (2) Most problem sets were very neat and easy to grade: Thank you! (3) We know that there are old assignments on the website with similar problems to those asked. However, blatant copying of previous answer keys word-for-word constitutes plagiarism and a grade of zero on a problem set. Be very careful in future problem sets. Question #1 In general, most of the answers to this question were very thorough and demonstrate a good understanding of the material. The students who did have trouble with this section should carefully review their answers and the answer key- this type of analysis will most likely make a strong appearance on the midterm. Three general comments: Many individuals did not completely label their graphs with areas showing consumer surplus, producer surplus, government revenueloutlay, TEC, and DWL The question specifically requested that problems be solved both algebraically and graphically. revenueloutlay, TEC, and DWL The question specifically requested that problems be solved both algebraically and graphically....
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This note was uploaded on 08/01/2008 for the course ECON 101 taught by Professor Wood during the Spring '07 term at University of California, Berkeley.
- Spring '07