hwk1sec5

hwk1sec5 - Experiment 1 Section 5 Problem 1.1 Table 1.8...

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Experiment 1 Section: 5 Problem 1.1 Table 1.8 Session 1 Session 2 Mean Price $21.43 $28.07 Number of Transactions 14 14 Total Profit of All Sellers $140.00 $113.00 Total Profit of All Buyers $140.00 $167.00 Total Profit of All Traders $280.00 $280.00 Problem 1.2 Figure 1.5 $0 $5 $10 $15 $20 $25 $30 $35 $40 135791 11 31 51 71
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Problem 1.3 Table 1.9: Supply Table: Session 1 Price Range Amount Supplied P<$10 0 $10<P<$30 16 P>$30 24 Table 1.10: Demand Table: Session 1 Price Range Amound Demanded P>$40 0 $20<P<$40 9 P<$20 25 Table 1.11: Supply Table: Session 2 Price Range Amount Supplied P<$10 0 $10<P<$30 8 P>$30 25 Table 1.12: Demand Table: Session 2 Price Range Amound Demanded P>$40 0 $20<P<$40 16 P<$20 24
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Problem 1.4 Figure 1.6: Supply and Demand for Apples, Session 1 Problem 1.5 Figure 1.7: Supply and Demand for Apples, Session 2. $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 0 5 10 15 20 25 30 35 40 Bushels of Apples Price of Apples CE $0 $5 $10 $15 $20 $25 $30 $35 $40 $45 0 5 10 15 20 25 30 35 40 Bushels of Apples CE
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Problem 1.6
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This note was uploaded on 12/25/2011 for the course ECON 1 taught by Professor Bergstrom during the Fall '07 term at UCSB.

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hwk1sec5 - Experiment 1 Section 5 Problem 1.1 Table 1.8...

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