PS 5 AK 1) If AVC =11+Q2-2Q and FC=7 find TC,VC,ATC,AFC, and MC. VC=AVC*Q=11Q+Q3-2Q2. TC=VC+FC=11Q+Q3-2Q2+7. ATC=TC/Q=11+Q2-2Q+7/Q. AFC=FC/Q=7/Q. MC=dTC/dQ=11+3Q2-4Q. 2) If TC=Q3-6Q2+12Q+12 find ATC, AVC, AFC, and MC. FC=TC when q=0=12. So AFC=12/Q. ATC=
ECON 303 Spring 2004 Exam 1 Dr. Cary Deck This exam consists of 4 written problems worth 25 points each. Your exam should contain 5 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must sho
ECON 303 Fall 2003 Exam 1 Dr. Cary Deck This exam consists of 4 written problems worth 25 points each. Your exam should contain 5 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must show
ECON 303 Fall 2004 Exam 1 Dr. Cary Deck This exam consists of 4 written problems worth 25 points each. Your exam should contain 5 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must show
ECON 303
Spring 2005
Exam 1
Dr. Cary Deck
This exam consists of 4 written problems worth 25 points each. Your exam should
contain 5 pages. Please write your name on the top of each page. Answer each question
as best you can. Where appropriate you must sho
ECON 303 Fall 2004 Exam 2 Dr. Cary Deck This exam consists of 4 written problems worth 25 points each. Your exam should contain 5 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must show
ECON 303 Fall 2002 Midterm 2 Dr. Cary Deck This exam consists of 20 multiple-choice questions each worth 2 points. The remaining 60 points come from the three written problems. Your exam should contain 11 pages. Please write your name on the top of each p
ECON 303 Fall 2002 Midterm 1 Dr. Cary Deck This exam consists of 20 multiple-choice questions each worth 2 points. The remaining 60 points come from the three written problems. Your exam should contain 7 pages. Please write your name on the top of each pa
ECON 303 Fall 2003 Exam 2 Dr. Cary Deck This exam consists of 4 written problems worth 25 points each. Your exam should contain 6 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must show
ECON 303 Spring 2003 Midterm 2 Dr. Cary Deck This exam consists of 6 short answer questions worth 40 points total and 2 written problems worth 30 points each. Your exam should contain 4 pages. Please write your name on the top of each page. Answer each qu
ECON 303 Fall 2004 Exam 3 Dr. Cary Deck This exam consists of 2 written problems worth 30 points each and 1 written problem worth 40 points. Your exam should contain 4 pages. Please write your name on the top of each page. Answer each question as best you
ECON 303
Spring 2004
Midterm 3
Dr. Cary Deck
This exam consists of 6 short answer questions worth 40 points total and 2 written
problems worth 30 points each. Your exam should contain 5 pages. Please write your
name on the top of each page. Answer each qu
ECON 303 Fall 2001 Midterm 2 Dr. Cary Deck This exam consists of 25 multiple-choice questions each worth 2.5 points and 2 written problems that count for 42 points. Your exam should contain 7 pages. Please write your name on the top of each page. Answer e
ECON 303 Fall 2001 Midterm 1 Dr. Cary Deck This exam consists of 20 multiple-choice questions each worth 3 points. The remaining 40 points come from the three written problems. Your exam should contain 8 pages. Please write your name on the top of each pa
ECON 303 Fall 2002 Final Exam Dr. Cary Deck This exam consists of 30 multiple-choice questions each worth 2 points. The remaining 40 points come from the four written problems. Your exam should contain 8 pages including a blank page for scratch work. No o
ECON 303 Spring 2004 Exam 2 Dr. Cary Deck This exam consists of 4 written problems worth 25 points each. Your exam should contain 5 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must sho
ECON 303 Spring 2002 Midterm 1 Dr. Cary Deck This exam consists of 10 multiple-choice questions each worth 2.5 points. The remaining 75 points come from the three written problems. Your exam should contain 6 pages. Please write your name on the top of eac
ECON 303 Spring 2004 Final Exam Dr. Cary Deck This exam consists of 3 written problems each worth 25 points. The remaining 25 points are based on your answers to 5 short answer questions. Your exam should contain 7 pages. Please write your name on the top
ECON 303 Fall 2003 Final Exam Dr. Cary Deck This exam consists of 6 written problems. Your exam should contain 7 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must show work in order to
ECON 303 Fall 2001 Final Exam Dr. Cary Deck This exam consists of 25 multiple-choice questions each worth 2 points. The remaining 50 points come from the four written problems. Your exam should contain 9 pages. Please write your name on the top of each pa
ECON 303 Spring 2005 Exam 1 Dr. Cary Deck This exam consists of 4 written problems worth 25 points each. Your exam should contain 5 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must sho
ECON 303 Spring 2005 Exam 2 Dr. Cary Deck This exam consists of 4 written problems worth 25 points each. Your exam should contain 5 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must sho
ECON 303 Fall 2004 Final Exam Dr. Cary Deck This exam consists of 7 written problems. Your exam should contain 6 pages. Please write your name on the top of each page. Answer each question as best you can. Where appropriate you must show work in order to
ECON 303 Spring 2002 Final Exam Dr. Cary Deck This exam consists of 10 multiple-choice questions each worth 2 points. The remaining 80 points come from the four written problems. Your exam should contain 7 pages. Please write your name on the top of each
PS 4 1) For each of the following production functions and sets of input prices find the equation for total cost, returns to scale, and the slope of ATC. (You should have 8 pairs of production functions and prices) Production Factor Functions Prices 2/3 1
PS 4. The following people live in and around the town of Mayberry. Each person only consumes two goods. Find the Substitution Effect and the Income Effect for the following people. a) Earnest T. Bass likes to break windows (w) and street lights (l). The
Problem Set 2 1) Using the bundles (1,1), (2,1), (3,3), and (2,3), graph the Indifference Curves through these bundles for a person whose preferences are characterized by a) u(x,y) = 2x+2y
7 6 5 4 3 2 1 0 0 1 2 3 4 4 6 12 10
b) u(x,y) = min(x,y)
5 4.5 4 3
PS 1. You have recently been elected to congress. As a newly elected congressperson, one of your first decisions will be which policy if any you will support in the market for explosives. The domestic demand for explosives is given by P=85-Q while the sup
PS 6. Demand is given by p=100-Q. Where Q is the market quantity. 1) If there are three firms competing according to the Cournot model each with TC=q2, what will be the profits of each firm? Since P=100-q1-q2-q3, for firm 1 MR=100-2q1-q2-q3 and MC=2q1. Th
ECON 303 Spring 2003 Midterm 1 Dr. Cary Deck This exam consists of 3 written problems worth 25 points each and 5 short answer questions worth 25 points total. Your exam should contain 5 pages. Please write your name on the top of each page. Answer each qu