ECON MIDTERM TOPICS
1. inputs, resources or factors of production
2. demand, supply and their shift factors
3. price elasticity of demand
4. determinants of price elasticity of demand
5. price floors and price ceilings
6. total and marginal utility
7. ind
Items to know for the final
Conditions for perfect competition
Marginal cost , average costs and total cost and their relations
Marginal, Price and total revenue in perfect competition
Short run maximization of profit
Short run supply of the perfectly com
Macroeconomic Analysis and Public Policy
ECON 562-01
Final Exam
March 22, 2017
By: Carla Cunha
Part 1
Below are the standard deviations of the variables (GDP, Consumption, and Investment) over
the 1949-2007 period and how these estimates compare to those
1. Which of the following represent key differences between private mortgage insurance and FHA
mortgage insurance?
a.
FHA insurance covers all default losses while private mortgage insurance does not.
b.
Private mortgage insurance covers all default losse
Intermediate Micro
MIDTERM EXAM
March 2, 2004
You have 75 minutes to answer the following questions. Each of the first five questions is
worth 15 points. The five remaining questions are worth 5 points apiece. There is one
bonus question at the end worth
Intermediate Microeconomics
Solutions to Midterm Exam
Q1. (15 pts) Answer True or False. You dont have to give an explanation.
(a) Someone with decreasing marginal utility of wealth is risk-loving.
False. A utility function with decreasing marginal utilit
Short Answers to Exercises
1
A Short Course in Intermediate Microeconomics with Calculus
Solutions to Exercises Short Ansers1
c
2013
Roberto Serrano and Allan M. Feldman
All rights reserved
The purpose of this set of (mostly) short answers is to provide a
Ch. 11
Nature of fault commodities (in terms of demand by people, what kind of demand)
Chart - determine which is the equilibrium level (if the gov support # is higher or lower than the
equilibrium number (surplus or shortage)
Various programs the gov has
Instructor: Ram Sewak Dubey
ECON 317: Problem Set 1
February 10, 2016
1. [Cost-Output - I]
A printer quotes a price of $5000 for printing 500 copies of a book and $12000 for printing
4000 copies. Assuming a linear relationship and that 2500 copies are pri
Instructor: Ram Sewak Dubey
ECON 317: Problem Set 3
March 22, 2016
1. [Finding solution of system of simultaneous linear equations]
Consider the following system of linear equations with three unknowns.
6x + 3y + z = 22,
x + 4y 2z = 12,
4x y + 5z = 10
(a)
Instructor: Ram Sewak Dubey
ECON 317: Problem Set 2
February 24, 2016
1. [Market Equilibrium - I]
(a) Graph the supply function
p = 0.1q + 8,
Supply
and demand function
Demand
p = 0.5q + 50.
(b) Find the equilibrium point E for the demand and supply funct