Econ 100A FINAL EXAM SP07

Econ 100A FINAL EXAM SP07 - Econ 100A: Microeconomics,...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 100A: Microeconomics, Spring 2007, Dr. Famulari Final Exam, Version A: 500 Points Name_______________________________________ Student Number__________________ Question # Points Question 1: 40 points Question 2: 45 points Question 3: 60 points Question 4: 75 points Question 5: 25 points Question 6: 40 points Question 7: 60 points Question 8: 35 points Question 9: 15 points Question 10: 50 points Question 11: 55 points Total points: 500 STUDENT CONSENT FOR RELEASE OF STUDENT INFORMATION (Buckley Waiver) I hereby authorize the UCSD Economics Department to return my graded final examination/research paper by placing it in a location accessible to all students in the course. I understand that the return of my examination/research paper as described above may result in disclosure of personally identifiable information, that is not public information as defined in UCSD PPM 160-2, and I hereby consent to the disclosure of such information. Quarter: Spring Course 100A Date 6/14/07 Instructor FAMULARI Student ID# Print Name Signature
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
1. (40 points total) Widgets are produced using exactly three units of L and one unit of K: extra L without additional K are of no use to the firm as is extra K without extra L. A. (10 points) What is the production function for widgets? B. (15 points) Assume the widget manufacturer signs a contract to have 20 K delivered every day for the next month. In the short run, the firm’s K quantity is fixed, but she can adjust the amount of L she uses each day. What is the firm’s demand for L in the short run, L SR (q, K )? C. (15 points) What is the short run total cost function, STC (w, r, q, K ), of making widgets when the w=$6 and r=$3? What are the firm’s variable costs of making widgets? What are the fixed costs? 2.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 10

Econ 100A FINAL EXAM SP07 - Econ 100A: Microeconomics,...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online