Quiz #1 (answer key)
ECNS 303
Name_
1.) Exogenous vs. Endogenous Variables (6 points)
Alex is an avid mountain biker and maximizes his utility by taking mountain biking excursions
in the Bridger Mount
Quiz #5
ECNS 303
October 9, 2012
Name_
1.) Endogenous Growth Theory (10 points total)
Assume we have an economy where output can be described by the simple production function:
Y = AK
where Y is outpu
Quiz #4
ECNS 303
October 2, 2012
Name_
1.) Technological progress in the Solow growth model (10 points)
Suppose an economy has the following production function:
y = (k)1/2
a.) Solve for the steady-st
Quiz #3 (answer key)
ECNS 303
September 27, 2012
Name_
1.) Steady state level of capital (20 points total)
Suppose output in the economy is described by the following Cobb-Douglas production function:
Quiz #2 (answer key)
ECNS 303
September 18, 2012
Name_
1.) Consumption and investment per worker (10 points total)
Show distances on the graph that represent i.) output per worker, ii.) investment per