{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

EC_251H_Assignment_No._5_S08_rev

EC_251H_Assignment_No._5_S08_rev - Spring 2008 Economics...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Spring 2008 Economics 251H R. Fisher ASSIGNMENT NO. 5 DUE: March 20 There are 8 assignments, each due at the start of class according to the schedule. Each assignment is worth 5 points and will be graded on a credit-no credit basis. The maximum number of total possible points is 35, so effectively you may miss one assignment without losing points. To receive credit, the assignment must be turned in on time and you must have made a sincere effort . Correctness of answer is irrelevant for evaluation. Regardless of the type of problem, it is never sufficient merely to state the answer ("12" or "B"). Making a sincere effort means showing how you came to an answer and explaining it. Show your work! A * after the problem number indicates that this was a midterm or final examination question in this class in a recent year. 1. Suppose that the gasoline market is competitive and is initially in equilibrium at a price of $1.00 per gallon and a market quantity of 120 billion gallons per year.
Image of page 1

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

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern