SAMPLE EXAM #1 - University of California Davis Department...

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University of California, Davis Department of Agricultural and Resource Economics ARE 100B Winter 2009 Dr. Larson Name: Exam 1 --January 27, 2009 The exam is worth 100 points; values of individual problems are listed in parentheses. Read each question carefully, be as complete as you can, and put down as much of your thought process as possible for each question. But answer the question asked-- don't put down things that aren't asked for. You should draw graphs where appropriate (and where asked!) to guide your analysis and help show your reasoning. Good luck!
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ARE 100B Exam 1 1 1. (20 points) Two-Part Tariffs. (5 pts) (a) Explain briefly what a two-part tariff is, and give an example of a firm or organization that uses this pricing strategy. Be sure to state which part of the firm's pricing corresponds to each part of the two-part tariff. (5 pts) (b) Using a graph to illustrate, explain what the best two-part tariff is when there is only one consumer in the market.
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ARE 100B Exam 1 2 1. (cont.) (5 pts) (c) Could the firm do better (i.e., extract more consumer's surplus) by using first-degree price
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This note was uploaded on 10/06/2010 for the course ARE 100B 100B taught by Professor Larson during the Spring '10 term at UC Davis.

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SAMPLE EXAM #1 - University of California Davis Department...

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