Quiz 2
Ezri Shechter
*MAKE SURE TO EXPLAIN YOUR NUMBERS IN SIMPLE ENGLISH* USE MOST
RECENT YEAR WHEN SOLVING*
1. Using ABC income statement, please calculate your gross profit margin. Explain it. What
would it imply if your gross profit margin is HIGHER t
TEST QUESTIONS
FOR
CHAPTER 4
Chapter 4 Individual and Market Demand
1) As we move downward along a demand curve for apples,
A) consumer well-being decreases.
B) the marginal utility of apples decreases.
C) the marginal utility of apples increases.
D) Both
CHAPTER 10: MONOPOLY
Section
10.1
easy
1. When the demand curve is downward sloping, marginal revenue is
a.
b.
c.
d.
easy
equal to price.
equal to average revenue.
less than price.
more than price.
2. For the monopolist shown below, the profit maximizing
TEST QUESTIONS
FOR
CHAPTER 3
Chapter 3 Consumer Behavior
1) Gary Franklin is a movie critic. He invented the Franklin Scale with which he rates
movies from 1 to 10 (10 being best). When asked about his scale, Mr. Franklin explained
that it is a subjective
Berkeley. Case due 4/7
Berkeley Case Assignment
By Matt DeLuca
Please read the case and then answer the following.
Assuming that you are the manager for the Mail
Department, the department that was responsible for the
delivery of the Fulbright package at
Variable R
1
2
3
0.1
0.5
0.25
0
0
0
5
0.1
0.5
0.33333
0.2
0.5
0.66667
6
0
0
0
0.2
0.5
0.66667
Marginal
outcome x prob
0.2
0.2
0.4
0.8
4
0.8
5.5
2.2
Variable S
Cond Exp of S
Cond Exp of S x prob
Independent or conditional, why?
conditional, joints do not m
Zicklin School of Business
Baruch College
Homework #3
RES3200: ARMs and REFI
Due: 10-14-2016 at 11:59 pm
Instructions:
1. Round all final dollar amounts to the nearest cent and dont enter the dollar sign.
E.g. if the answer is $1,022.912, enter it as 1,02
Due: Monday 10-17-2016, 11:59 pm.
Submit the word document and spreadsheet on Blackboard.
Ann would like to buy a house.
It costs $1,000,000.
She will make an $80,000 down payment.
She will take out a mortgage for $920,000.
It will be a 30 year, fully amo
Mawosuw EDT) VAL/WE 7
Prof. Piskula
Second Manual Regression Worksheet
First, a reminder for those using an Appleoperating system version of excel. .It is worth b
searching via the excel search function for Analysis Toolpakt (note the spelling). You may e
Eco 4000, Prof. Piskula
Quiz 2 Practice
Actual Quiz 9/30/16
Name:_
1. Following the form in the Stock and Watson textbook (Appendix 2.1, derivation of equation
2.31), write the expression for var(aX+bY) that makes use of the definition of variance and the
http:/www.jstor.org/stable/2516659 .
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Citation: 6 Soc. Sec. Bull. 16 1943
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HeinOnline (http:/heinonline.org)
Mon Dec 8 21:04:10 2014
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agreement availab
Answers to Homework III
Question I
a.
TFC = 4000
4000
b. AFC =
Q
c.
TVC = TC - TFC
TVC = 5Q + 10Q2
d.
TVC
5Q+ 10Q2
AVC = =
= 5 +10 Q
Q
Q
e.
TC 4000+5Q+10Q2
ATC = =
Q
Q
f.
MC = 5 + 20Q
Part (2)
ATC is minimized where MC is equal to ATC.
Equating MC to A
Problems for practice on Chapters 7 and 8(Questions I and II refer to material in
Chapter 7; Question III refers to Chapter 8.)
I.
A firms total cost function is given by the equation:
TC= 4000+5Q+10Q2 .
(1) Using the information in the above equation, wr
FOR Quiz 2 on OCTOBER 6, 2010: what you need to know and do
For this quiz you need to know the material in Chapters 3 and 4.
BUT YOU WILL NOT BE RESPONSIBLE FOR THE MATERIAL IN THE
FOLLOWING SECTIONS:
CHAPTER 3- section 3.4 (Revealed Preference).
Chapter
PREPARATION FOR THE MIDTERM: Economics 3100 (Fall, 2010)
The midterm is on October 27 during the usual class hour. There is no make-up exam.
You should bring a #2 pencil and calculator.
*Check the Blackboard. The test is based on questions posted in cours
omit Q's 10-12 and 16-20.
What to study for Quiz #4 which only includes questions on monopoly
Chapter 10: Monopoly
Note: you are not responsible for monopsony (sections 10.5 and 10.6) and the
multiplant firm (p.349-350in 6th edition; 359-360 in 7th). I wi
Professor B. Ma
ECO 4000
Fall 2016
1. Content: this is an introductory course in econometrics.
Basic probability concepts are reviewed with applications in
finance and economics. The linear model is studied with focus on
the estimation and testing of hypo
PROBABILITY DISTRIBUTION (SAMPLING
DISTRIBUTION) OF A RANDOM VARIABLE, X:
MEANING OF PROBABILITY (OF AN EVENT): HOW
OFTEN IT HAPPENS OVER MANY, MANY SAMPLES? IN
OTHER WORDS, THE (RELATIVE) FREQUENCY OF
OCCURRENCE (OF THE EVENT). [FOR EXAMPLE, THE
PROBABIL
REVIEW OF PROBABILITY AND STATISTICAL
CONCEPTS
RANDOM VARIABLE (can be regarded as a device to
represent uncertainty): WHEN THE OUTCOME OF AN
UNCERTAINTY IS NUMERICAL IN VALUE (ITS A
NUMBER), A RANDOM VARIABLE IS A VARIABLE
WITH THE OUTCOME AS ITS VALUE.
Practice Problems for Midterm 1
Multiple Choice Questions
Chapter 2
1)
The probability of an outcome
a.
b.
c.
d.
is the number of times that the outcome occurs in the long run.
equals M N, where M is the number of occurrences and N is the population size.