Econ100C-Fall2010-Final

Econ100C-Fall2010-Final - Name: _ (Please print neatly.)...

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Name: _________________________________ WebCT user ID: ________________ (Please print neatly.) (Please print neatly.) Economics 100C: Microeconomics C Final Exam December 10, 2010 Herb Newhouse Your exam has 8 questions. Including this cover page the exam has 11 pages. You can use a 8.5” by 11” sheet of paper with handwritten notes on both sides, pens and pencils, a calculator and a straight edge. You may not have anything attached to the sheet of paper. 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. YOU MAY NOT SIT NEXT TO ANYONE THAT YOU STUDIED WITH! 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. (5 pts) A monopolist faces a linear, market inverse demand curve, P D ( Q ) = a bQ , where a , b > 0. Find the equation for the monopolist’s marginal revenue curve. In words, describe the relationship between a linear market inverse demand curve and the corresponding monopolist’s marginal revenue curve.
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2. (9 pts) The graphs for a monopolist’s inverse market demand curve and its marginal cost curve are given below. This is a short run problem. a. Carefully sketch the graph of the monopolist’s marginal revenue curve.
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This note was uploaded on 10/21/2011 for the course ECON 100c taught by Professor Staff during the Spring '08 term at UCSD.

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Econ100C-Fall2010-Final - Name: _ (Please print neatly.)...

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