Econ100C-Fall2008-Final

Econ100C-Fall2008-Final - Name_ (Please print neatly.)...

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Name______________________________________ (Please print neatly.) Economics 100C: Microeconomics C Final Exam December 8, 2008 Herb Newhouse Your exam has 8 questions. Including this cover page the exam has 10 pages. You can use a 5” by 8” index card with handwritten notes on both sides, pens and pencils, a calculator and a straight edge. All other material should be off your desk. Answer all parts of all questions. Clearly show your work. Full credit might not be given for a correct answer with incomplete work. Buckley Waiver I hereby authorize the UCSD Economics Department to return my graded Final examination by placing it in a location accessible to all students in the course. I understand that the return of my examination 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. Print Name:_________________________________________________________ Signature:__________________________________________________________
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1. (6 pts) If a firm is a first-degree (perfect) price-discriminating monopolist in a market will its marginal revenue be equal to, less than or greater than the price it charges? Give a brief, intuitive explanation.
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2. (12 pts) A monopolist has the long run cost function of ( ) 10 CQ A Q =+ where A > 0 is a quasi-fixed cost. (The monopolist must pay A only if Q > 0.) Inverse market demand is equal to ( ) 100 2 D PQ Q =− .
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Econ100C-Fall2008-Final - Name_ (Please print neatly.)...

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