Homework 2 is due in your recitation during the week of September 23-27. Please turn in your
answers on a separate sheet with your name and recitation section. There are 12 questions.
1) Which of the following items is NOT included in GDP?
Homework 3 is due in your recitation during the week of September 30-October 4. Please turn
in your answers on a separate sheet with your name and recitation section. There are 12
1) National income includes all of the following EXCE
Homework 1 is due in your recitation during the week of September 2-6. Please turn in your
answers on a separate sheet with your name and recitation section.
1)According to the above figure, at a price of $1 per gallon, there would be
A) a shor
ECO 461 International Trade
DR. REZA HAMZAEE
(Professor of Economics)
Missouri Western State University - Department of Economics
Office: A-208C - Office Phone: 271-4262 - E-mail: [email protected]
Teaching & Office H
Midterm 3: Answers must be e-mailed to [email protected] no later than 11:59 pm on Nov. 10,
2013. Answers may be sent as a file attachment using either PDF format or Microsoft Word cfw_doc or
Directions: Do any 5 of the following 6 pro
Income and Poverty in the United States: 2015
Current Population Reports
Bernadette D. Proctor, Jessica L. Semega, and Melissa A. Kollar
Issued September 2016
The Social, Economic, and Housing Statistics Division of the Census
Use the PDF file provided to you on your previous homework to fill out the table on the back of
Hand in sheet which you answer following questions:
1. How much higher is poverty in Female Householder families than overall poverty? Ha
A monopolist has two sets of customers. The inverse demand for Group 1 is described by P=200-2X.
The monopolist faces constant marginal cost of 40.
a. Show that the monopolists total demand, if the two markets are treated as one is:
1.Is it native for business leaders to try to be honest?
I agree with Alan Greenspan that business leaders they have to be honest with
they dealing with each other with customers ,and generally in their life because if they
not honest no body trust them n
Homework #1 - ECO 461
January 26, 2017
(pages 44 - 45) - #s 1, 3, 5
(page 36) - Practice Problem #2.5
(#1) Suppose that the annual demand for prescription antidepressants such as
Prozac, Paxil, and Zoloft is, in in
Name: Anggg: KL~\ Score: /50
(P 5 \VO VLCO.
1) (25 points) Consider a perfectly competitive market where market demand is defined by
Q=3602P =x HZ: No Q
and each firm faces a total cost of
C(q)=20+5q+3q2. =b Hg=5+bi
a. (5 points) Find the
Problem Set I
The diaper industry is characterized by 8 firms producing identical diapers. Let si
denote the percentage market share of firm i, i = 1, 2, 8. It has been recently
observed that the market shares are given by
California State Polytechnic University, Pomona
Handout 1: Production Possibilities
A certain economy only produces two goods, calculators (C) and tea (T). To
manufacture these goods, it has three kinds of resources: (1) a fixed
Multiplier Assignment 1
1. Consider an economy in which tax collections are fixed at $400 I is fixed at 230, G is fixed at
400 and NX is fixed at 100:
o The study of choice
o How people choose among alternative uses of their scarce resources
o The condition of having to choose
o People wanting and needing more than can be satisfied with available resources
o Needs and wants
o Going to start off with modeling a tradeoff that we frequently face how to
o Consumption Possibilities Model
o Usually dealing with some sort of constraint scarcity
o For consumer budget
o Problem we want
o Over a third of the worlds people live in countries in which total
per capita income in 2005 was less than $610 per year
85% live in countries in which total per capita income in
2005 was $2,808 or less
Adjusting for purchasin
Total value of all newly produced final goods and services within an economy during a specified
2 Approaches of GDP:
Components of GDP in
Price & Demand Curve
The quantity demanded is the quantity buyers are willing to buy of a good or service at a
particular price during a particular period, all other things unchaged
A demand schedule is a table that shows the quantities of a
What is Money?
o Money is anything that serves as a medium of exchange
o A medium of exchange is anything that is widely accepted as a
means of payment.
Example: In Romania under Communist Party rule in the
1980s, Kent cigarettes s
The Business cycle is the economys pattern of expansion, then contraction, then
Nominal GDP is the total value of final goods and services for a particular period valued
in terms of prices for that period.
Chapter 8 Midterm #2 Start
Defining Economic Growth
o Economic growth is a long-run process that occurs as an
economys potential output increases
In the long run, economic activity moves toward its level of
Increases in potential const
Advanced Microeconomic Theory II
Assignment Chapter 5 material (part 2)
1. Consider three paper product markets.
Proctor & Gamble
Procter & G
Common Schools Questions:
Why were common schools established?
What were the main aims of early public schools?
What social forces were most important in their development?
What do you think Mann meant when he said public education
Homework #2 - ECO 461
Due: Feb 6, 2017
(pages 62) - #s 1, 4
(page 86) - #s 1, 2, 3
In addition, for the following cost function determine whether the points listed satisfy
Multi-Product IRS/DRS/CRS and if the po
Study Guide for Macro Midterm 1 AU16
Economics- looking at choices people make
Scarcity- involving choices; have to make choices because things are scarce
Rationality assumption- assumption people are doing things for their own best self