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ECON 302 - INMD MICROEC ANLY - Penn State Study Resources
  • 11 Pages Exam 1 Version B Answer Key
    Exam 1 Version B Answer Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Exam 1 McLeod NAME _ PSU ID # _ PLEASE ANSWER ALL QUESTIONS IN THE SPACE PROVIDED. 1. (24 total points) Suppose there are two consumers, A and B, and two goods, X and Y. Consumer A is given an initial endowment of 1 units of good X and 5 units of

  • 6 Pages Homework_2_Answer_Key
    Homework_2_Answer_Key

    School: Penn State

    Course: Micro

    Econ 302 Homework #2 McLeod Due in class Wednesday, February 19th. Name _ ID # _ Instructions: Please Read Carefully Please print out this assignment and answer each question on the page provided. If you need extra space, you may use the back of the sheet

  • 5 Pages Homework #2 Answer Key
    Homework #2 Answer Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 WC Homework 2 Answer Key 1. (20 points) Suppose a consumer views two goods, X and Y, as perfect complements. Her utility function is given by U = MIN [X, 2Y]. Sketch the graph of the consumers indifference curve that goes through the bundle X = 6

  • 7 Pages Homework_1_Answer_Key
    Homework_1_Answer_Key

    School: Penn State

    Econ 302 Homework #1 McLeod Due in class Wednesday, September 11th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be seven separate sheets of paper. After you have written your answers, please staple the seven

  • 7 Pages Homework_1_Answer_Key
    Homework_1_Answer_Key

    School: Penn State

    Course: Micro

    Econ 302 Homework #1 McLeod Due in class Wednesday, January 29th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. After you have written your answers, please staple the seven sheets together at the top left-hand corner. The f

  • 11 Pages Exam 1 Version A Answer Key copy
    Exam 1 Version A Answer Key Copy

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Exam 1 McLeod NAME _ PSU ID # _ PLEASE ANSWER ALL QUESTIONS IN THE SPACE PROVIDED. 1. (24 total points) Suppose there are two consumers, A and B, and two goods, X and Y. Consumer A is given an initial endowment of 3 units of good X and 5 units of

  • 5 Pages Answer_Key_Homework_2
    Answer_Key_Homework_2

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #2 McLeod Due in class Monday, February 8. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be five separate sheets of paper (including the cover sheet). After you have written your answers, plea

  • 3 Pages 302HW1
    302HW1

    School: Penn State

    Course: INMD MICROEC ANLY

    1. (20 total points) Suppose the demand for a product is given b y QD = 2 000 - 25P. a) (10 points) Calculate the Price Elasticity o f Demand when the price is $30 . . 16p =20QV - 0,> c-. - p-:;:t?JO .-1:- (~(J 7: =- - Yz'5 ~?o) 7: -:. -l~(%S1 Qp ~ JOIn

  • 5 Pages Econ302HW3
    Econ302HW3

    School: Penn State

    Econ 302 Homework 3 Read these instructions carefully! Carefully answer each of the questions below You can write or type your answers for the questions Please put your name and PSU ID number at the top of the 1st page You may use as many sheets of paper

  • 4 Pages Answer_Key_Homework_3
    Answer_Key_Homework_3

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #3 McLeod Due in class Monday, March 1st. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have written your answers, pleas

  • 11 Pages Exam 1 Version C Answer Key
    Exam 1 Version C Answer Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Exam 1 McLeod NAME _ PSU ID # _ PLEASE ANSWER ALL QUESTIONS IN THE SPACE PROVIDED. 1. (24 total points) Suppose there are two consumers, A and B, and two goods, X and Y. Consumer A is given an initial endowment of 6 units of good X and 1 unit of

  • 1 Page 8429533
    8429533

    School: Penn State

    Suppose a consumer has preferences represented by the utility function U(X,Y) = MIN[X,3Y]. Suppose PX = 1 and PY = 2. Draw the Income Consumption Curve for this consumer for income values M = 100, M = 200, and M = 300. Your graph should accurately draw th

  • 6 Pages Homework_2_Answer_Key
    Homework_2_Answer_Key

    School: Penn State

    Course: INTERMEDIATE MICROECONOMIC ANALYSIS

    Econ 302 Homework #2 McLeod Due in class Wednesday, September 26th. Name _ ID # _ Instructions: Please Read Carefully Please print out this assignment and answer each question on the page provided. If you need extra space, you may use the back of the shee

  • 4 Pages Homework_3
    Homework_3

    School: Penn State

    Course: INTERMEDIATE MICROECONOMIC ANALYSIS

    Econ 302 Homework #3 McLeod Due in class Wednesday October 24th. Name: YOO, JONGJAE ID #: 918922528 Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have w

  • 7 Pages Homework
    Homework

    School: Penn State

    Course: INTERMEDIATE MICROECONOMIC ANALYSIS

    Econ 302 Homework #1 McLeod Due in class Wednesday, September 12th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be seven separate sheets of paper. After you have written your answers, please staple the seven

  • 6 Pages Homework_2
    Homework_2

    School: Penn State

    Course: INTERMEDIATE MICROECONOMIC ANALYSIS

    Econ 302 Homework #2 McLeod Due in class Wednesday, September 26th. Name : YOO, JONGJAE ID #: 918922528 (JQY5174) Instructions: Please Read Carefully Please print out this assignment and answer each question on the page provided. If you need extra space,

  • 7 Pages Homework_1_Answer_Key
    Homework_1_Answer_Key

    School: Penn State

    Course: INTERMEDIATE MICROECONOMIC ANALYSIS

    Econ 302 Homework #1 McLeod Due in class Wednesday, September 12th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be seven separate sheets of paper. After you have written your answers, please staple the seven

  • 6 Pages Answer_Key_Homework_6
    Answer_Key_Homework_6

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #6 McLeod Due in class Friday, April 30th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be six separate sheets of paper (including the cover sheet). After you have written your answers, pleas

  • 4 Pages Answer_Key_Homework_5
    Answer_Key_Homework_5

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #5 McLeod Due in class Monday, April 12th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have written your answers, plea

  • 6 Pages Homework 4 Answer Key
    Homework 4 Answer Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #4 McLeod Due in class Wednesday, November 6th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. The first sheet is intended only as a cover sheet. Do not write anything on the first sheet except your name an

  • 11 Pages ECON302_PennState_FinalExamKey
    ECON302_PennState_FinalExamKey

    School: Penn State

    Course: INMD MICROEC ANLY

    1. louantity lo 11 12 13 11~]ve lire lAFe lAve lAre lMe I l~@JDEJEJDu IDD~CJCJDD IDDDCJ~DD IDDDCJCJD~ >rrect Answer( s): louantity lFe live lR JIAFe lAve lAre lMe I lo l ~@J[filDDEJD 11 12 13 l ~J~[fil~[fil[Q] l ~CEJ[Ifil~[JQJ l~ITfil~lli:J~ 2. (16 total

  • 6 Pages 180470_12541_1_TM_TM_MF_TTs020313-83114-2-part-2
    180470_12541_1_TM_TM_MF_TTs020313-83114-2-part-2

    School: Penn State

    Name _ Date_ last 4 PSU ID _ Economics 304 Homework - Lesson 8 100 points total Instructions: Please show all work or points will be taken off. Good luck! 1. (65 points total) Suppose the real money demand function is: Md/P 1500 0.2 Y 10,000 (r e). Assume

  • 5 Pages Homework 2 Answer Key copy
    Homework 2 Answer Key Copy

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #2 McLeod Due in class Wednesday, September 25th. Name _ ID # _ Instructions: Please Read Carefully Please print out this assignment and answer each question on the page provided. If you need extra space, you may use the back of the shee

  • 4 Pages econ302-8429533
    Econ302-8429533

    School: Penn State

    Suppose a consumer has preferences represented by the utility function U(X,Y) = MIN[X,3Y]. Suppose PX = 1 and PY = 2. Draw the Income Consumption Curve for this consumer for income values M = 100, M = 200, and M = 300. Your graph should accurately draw th

  • 5 Pages Answer_Key_Homework_4
    Answer_Key_Homework_4

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #4 McLeod Due in class Monday, March 22nd. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have written your answers, plea

  • 2 Pages 8420776
    8420776

    School: Penn State

    Suppose a consumer views two goods, X and Y, as perfect complements. Her utility function is given by U = MIN [X, 2Y]. Sketch the graph of the consumers indifference curve that goes through the bundle X = 6 and Y = 5. Put the amount of Y on the vertical a

  • 2 Pages 8430314
    8430314

    School: Penn State

    Suppose the demand for a particular product (swimsuits) is highly inelastic.What does that suggest about the wage elasticity of demand for workers in the industry that produces swimsuits?Describe the effect of a binding minimum wage in this industry. Be s

  • 1 Page Quiz 3-10
    Quiz 3-10

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 McLeod Quiz 2 Name _ ID # _ 1. (8 points) Calculate the price elasticity of demand for each of the following situation: a) Demand is given by Q = 50 2P, and P = 20. -4 b) Demand is given by Q = 80 5P, and P = 6. -3/5 or -.6 2. (8 points

  • 2 Pages Quiz 3
    Quiz 3

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Quiz 3 McLeod Name _ ID # _ 1. Suppose the market supply and demand for softball gloves in Happy Valley are given by: Demand: Q = 480 10P Supply: Q = -180 + 12P A) (2 points) Calculate the equilibrium price and quantity of softball glove

  • 12 Pages Exam 2 Version A Answer Key
    Exam 2 Version A Answer Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Exam 2 McLeod Name (please print): _ Penn State ID #: _ _ Please write all answers in the spaces provided. Please show your work in order to receive any partial credit on this exam. 1. (20 points) Suppose a firm has a production function given by

  • 6 Pages Homework_4
    Homework_4

    School: Penn State

    Course: Intermediate Microeconomics

    Econ 302 Homework #4 McLeod Due in class Wednesday, November 7th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. The first sheet is intended only as a cover sheet. Do not write anything on the first sheet except your name an

  • 5 Pages Homework_4
    Homework_4

    School: Penn State

    Course: INTERMEDIATE MICROECONOMIC ANALYSIS

    1. (20 points) Suppose a monopolist can purchase Labor at a price w = 36 and can purchase Capital at a price r = 25. The monopolists production function is given by Q = L1/2K1/2. The demand facing the monopolist is given by P = 180 3Q. a) What is the Mono

  • 3 Pages Final Exam Preview
    Final Exam Preview

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Final Exam Preview Summer 2013 Thursday, December 19th, 2:30-4:20 100 Thomas/ 110 Wartik (I will send an email telling you which room to go to, and I will announce this in class on Friday) 7 Large Problems 1. Income/Substitution Effect Problem D

  • 6 Pages Homework_3_Answer_Key (1)
    Homework_3_Answer_Key (1)

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #3 McLeod Due in class Wednesday October 23rd. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have written your answers,

  • 2 Pages Econ 302 Final Exam Review
    Econ 302 Final Exam Review

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Final Exam Thursday 12/19 at 2:30-4:20 PM Exam make up: 7 long problems 1. Income/Substitution effects a. Determine consumers optimal bundle (X* and Y*) b. Determine the new optimal after a price change (X* and Y*) c. Determine value of M that

  • 2 Pages aaaaa
    Aaaaa

    School: Penn State

    Suppose a consumer has preferences represented by the utility function U(X,Y) = MIN[X,3Y]. Suppose PX = 1 and PY = 2. Draw the Income Consumption Curve for this consumer for income values M = 100, M = 200, and M = 300. Your graph should accurately draw th

  • 6 Pages Econ_302.7_Syllabus_Spring_2010
    Econ_302.7_Syllabus_Spring_2010

    School: Penn State

    Course: INMD MICROEC ANLY

    Course Syllabus for Econ 302, Section 007: Intermediate Microeconomics Penn State, Spring 2010 Instructor: Dr. Mark McLeod Prerequisite: Econ 002 or equivalent Lectures: MWF 2:30-3:20 010 Sparks Office: 507 Kern Graduate Building Office Hours: MWF 12-1 or

  • 6 Pages Homework_5_Answer_Key
    Homework_5_Answer_Key

    School: Penn State

    Course: INTERMEDIATE MICROECONOMIC ANALYSIS

    Econ 302 Homework #5 McLeod Due in class Wednesday December 12th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be six separate sheets of paper (including the cover sheet). After you have written your answers,

  • 2 Pages 8430803
    8430803

    School: Penn State

    Suppose a public referendum is being held on whether or not to levy a tax on cigarettes. Currently, the supply of cigarettes is given by Qs = -900 + 200P. You estimate the demand for cigarettes to be Qd = 1200 - 50P.You are asked to evaluate the likely ef

  • 2 Pages Quiz 1
    Quiz 1

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Quiz 1 McLeod 1. (6 points) For each of the following questions, please answer with either increase, decrease, or remain unchanged. Only one of these answers is correct in each case. Suppose guitars and guitar strings are complements. hap

  • 4 Pages Homework_2 (1)
    Homework_2 (1)

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #2 McLeod Due in class Wednesday, September 25th. Name _ ID # _ Instructions: Please Read Carefully Please print out this assignment and answer each question on the page provided. If you need extra space, you may use the back of the shee

  • 6 Pages Homework 5 Answer Key
    Homework 5 Answer Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #5 McLeod Due in class Wednesday December 11th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be six separate sheets of paper (including the cover sheet). After you have written your answers,

  • 4 Pages Homework_3 (1)
    Homework_3 (1)

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 102 Homework #3 McLeod Due in class Wednesday, November 14, 2012 Name (please print or type)_ Instructions: Please Read Carefully Please print out this form. There should be three separate sheets of paper. After you have written your answers, please

  • 7 Pages Homework_1
    Homework_1

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #1 McLeod Due in class Wednesday, September 11th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be seven separate sheets of paper. After you have written your answers, please staple the seven

  • 7 Pages Homework_1_Answer_Key
    Homework_1_Answer_Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #1 McLeod Due in class Wednesday, January 29th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. After you have written your answers, please staple the seven sheets together at the top left-hand corner. The f

  • 6 Pages Homework_2_Answer_Key
    Homework_2_Answer_Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #2 McLeod Due in class Wednesday, September 25th. Name _ ID # _ Instructions: Please Read Carefully Please print out this assignment and answer each question on the page provided. If you need extra space, you may use the back of the shee

  • 5 Pages Lesson4_ Consumption-Saving, Lending-Borrowing
    Lesson4_ Consumption-Saving, Lending-Borrowing

    School: Penn State

    Course: INMD MICROEC ANLY

    Increasing the Real Interest Rate Deriving savings function Example of a savings function

  • 4 Pages Lesson 6_ Goods market equilibrium in open economy
    Lesson 6_ Goods Market Equilibrium In Open Economy

    School: Penn State

    Course: INMD MICROEC ANLY

  • 6 Pages Lesson 5_ Capital stock, Investment demand, Goods market equilibrium
    Lesson 5_ Capital Stock, Investment Demand, Goods Market Equilibrium

    School: Penn State

    Course: INMD MICROEC ANLY

  • 4 Pages Homework 4
    Homework 4

    School: Penn State

    Course: INMD MICROEC ANLY

    D.) Dagwood is now worse o with the falling of the interest rates because as a saver, his future dollar is now worth less so he would be better o spending it now and borrowing in the future. The substitution eect acts to stimulate current consumption by

  • 7 Pages Lesson 7 _ monetary policy
    Lesson 7 _ Monetary Policy

    School: Penn State

    Course: INMD MICROEC ANLY

  • 4 Pages Homework 5
    Homework 5

    School: Penn State

    Course: INMD MICROEC ANLY

    D.) K* has changed because if I did not change my capital input then I would not be on the MPK curve anymore nor would I be maximizing my prots. This is because at the higher UC I can only have 70 units of capital if I have more they will be less eective

  • 1 Page Screen Shot 2014-03-29 at 4.10.05 PM 1
    Screen Shot 2014-03-29 At 4.10.05 PM 1

    School: Penn State

    Course: INMD MICROEC ANLY

  • 5 Pages ECON302_HW1_KEY
    ECON302_HW1_KEY

    School: Penn State

    Course: INMD MICROEC ANLY

    Answer Key Econ 302 WC Homework 1 1. (20 total points) Suppose the demand for a product is given by QD = 2000 25P. a) (10 points) Calculate the Price Elasticity of Demand when the price is $30. = -.6 b) (5 points) What price should the firm charge if it

  • 2 Pages q2
    Q2

    School: Penn State

    Course: INMD MICROEC ANLY

    D.) K* has changed because if I did not change my capital input then I would not be on the MPK curve anymore nor would I be maximizing my prots. This is because at the higher UC I can only have 70 units of capital if I have more they will be less eective

  • 5 Pages 8440173
    8440173

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #3 McLeod Due in class Friday March 22nd. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have written your answers, pleas

  • 7 Pages Homework 1 Answers
    Homework 1 Answers

    School: Penn State

    Course: Economic Growth And The Challenge Of World Poverty

    Econ 302 Homework #1 McLeod Due in class Friday, September 12th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. After you have written your answers, please staple the seven sheets together at the top left-hand corner. The fi

  • 6 Pages Homework 5 Answers
    Homework 5 Answers

    School: Penn State

    Course: Micro

    Econ 302 Homework #5 McLeod Due in class Wednesday December 11th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be six separate sheets of paper (including the cover sheet). After you have written your answers,

  • 6 Pages Homework 4 Answers
    Homework 4 Answers

    School: Penn State

    Course: Micro

    Econ 302 Homework #4 McLeod Due in class Wednesday, November 5th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. The first sheet is intended only as a cover sheet. Do not write anything on the first sheet except your name an

  • 5 Pages Homework 3 Answers
    Homework 3 Answers

    School: Penn State

    Course: Micro

    Econ 302 Homework #3 McLeod Due in class Monday, October 27th Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have written your answers, ple

  • 5 Pages Homework 2 Answers
    Homework 2 Answers

    School: Penn State

    Course: Micro

    Econ 302 Homework #2 McLeod Due in class Wednesday, September 25th. Name _ ID # _ Instructions: Please Read Carefully Please print out this assignment and answer each question on the page provided. If you need extra space, you may use the back of the shee

  • 5 Pages Homework #3
    Homework #3

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework 3 Read these instructions carefully! Carefully answer each of the questions below. You need to show your work, not just the final answer You can write or type your answers for the questions Please put your name and PSU ID number at the t

  • 2 Pages Test 1 q1
    Test 1 Q1

    School: Penn State

    Course: INMD MICROEC ANLY

    D) Dagwood is now worse o because of the rise in real interest rates. The substitution eect is more inuential because he now has to trade more current consumption for future consumption. The income eect is being dominated as he will not have as much in t

  • 3 Pages Demand
    Demand

    School: Penn State

    Course: INMD MICROEC ANLY

    Demand It is important to understand these concepts related to the demand for a product: Quantity Demanded (QD): The amount of a good that consumers are willing to buy at a given price, during a given period of time. In general, the QD of a good will depe

  • 2 Pages Market Equilibrium
    Market Equilibrium

    School: Penn State

    Course: INMD MICROEC ANLY

    MarketEquilibrium The term equilibrium is used in many applications in economics and other disciplines. In all cases, it means essentially the same thing. Equilibrium is a situation where there is no tendency for change. With no government policies, equil

  • 3 Pages Homework 8
    Homework 8

    School: Penn State

    Course: INMD MICROEC ANLY

    B) the sher equation is real Interest rates plus ination Equals nominal rate they want to do this to increase the nominal interest rates. d) as the ination expectations increase the current value of the future dollar decreases therefore people get more

  • 3 Pages Homework 7
    Homework 7

    School: Penn State

    Course: INMD MICROEC ANLY

    We can say this is true due to the change in size of the excess reserves. They increases over 800 times due to the FED's open market purchases. While the monetary base has expanded it is no where near the growth of the excess reserves because most of the

  • 2 Pages Lesson 8_ Portfolio allocation and demand for money
    Lesson 8_ Portfolio Allocation And Demand For Money

    School: Penn State

    Course: INMD MICROEC ANLY

  • 2 Pages Supply
    Supply

    School: Penn State

    Course: INMD MICROEC ANLY

    Supply And here is important terminology related to supply: Supply Schedule: a table that shows the relationship between Price and QS. When we create a Supply schedule, we hold all of the things that determine QS constant except for the price of the good.

  • 5 Pages Homework 6
    Homework 6

    School: Penn State

    Course: INMD MICROEC ANLY

    C.) The U.S. is running a trade decit which means we are spending beyond our means and China has a surplus making them the savers. We are absorbing (C+I+G) more then we are making (income =Y) therefore we are consuming beyond our income and the opposite

  • 4 Pages Econ_302_WC_Homework_6_Answer_Key
    Econ_302_WC_Homework_6_Answer_Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 WC Homework 6 Answer Key 1. (30 points) Suppose a monopolist faces the following demand curve: P = 596 6Q. If the long run marginal cost of production is constant and equal to $20. a) (5 points) What is the monopolists profit maximizing level of

  • 6 Pages Homework_2_Answer_Key
    Homework_2_Answer_Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #2 McLeod Due in class Wednesday, February 19th. Name _ ID # _ Instructions: Please Read Carefully Please print out this assignment and answer each question on the page provided. If you need extra space, you may use the back of the sheet

  • 6 Pages ECON302_HW1_Fall14
    ECON302_HW1_Fall14

    School: Penn State

    Course: Micro

    Homework #1 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, September 10, 2014 at 8AM Directions: 1. This homework is open book/open note. You may consult web resources and discuss this assignment with other students in the class. Howeve

  • 10 Pages MT3_ECON302_FALL14
    MT3_ECON302_FALL14

    School: Penn State

    Course: Micro

    Midterm #3 ECON 302, Section 003 Fall 2014 Read the following instructions carefully. Failing to follow them could result in your exam not being accepted. 1. Do not open the test until you are told to do so. 2. You will have one hour and 50 minutes to com

  • 11 Pages MT1_ECON302_FALL14
    MT1_ECON302_FALL14

    School: Penn State

    Course: Micro

    Midterm #1 ECON 302, Section 003 Fall 2014 Read the following instructions carefully. Failing to follow them could result in your exam not being accepted. 1. Do not open the test until you are told to do so. 2. You will have two hours to complete the exam

  • 7 Pages ECON302_HW2_Fall14
    ECON302_HW2_Fall14

    School: Penn State

    Course: Micro

    NAME: _ PSU ID#:_9-_ Homework #2 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, September 24, 2014 at 8AM 1. Assume that you have the following demand for pizza, Qd = 20 P + 0.02 Income + 0.25 PHB . A. (3 Points) Is pizza a normal or in

  • 12 Pages MT2_ECON302_FALL14
    MT2_ECON302_FALL14

    School: Penn State

    Course: Micro

    Midterm #2 ECON 302, Section 003 Fall 2014 Read the following instructions carefully. Failing to follow them could result in your exam not being accepted. 1. Do not open the test until you are told to do so. 2. You will have two hours to complete the exam

  • 5 Pages ECON302_HW1_Fall14_ANSWERKEY
    ECON302_HW1_Fall14_ANSWERKEY

    School: Penn State

    Course: Micro

    Homework #1 Intermediate Microeconomics ECON 302, Section 003 ANSWER KEY 1. (4 Points) Write two statements about the Patient Protection and Affordable Care Act, one normative and the other positive. Provide a brief explanation describing why each qualifi

  • 6 Pages ECON302_HW2_Fall14_ANSWERKEY
    ECON302_HW2_Fall14_ANSWERKEY

    School: Penn State

    Course: Micro

    ANSWER KEY Homework #2 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, September 24, 2014 at 8AM 1. Assume that you have the following demand for pizza, Qd = 20 P + 0.02 Income + 0.25 PHB . A. (3 Points) Is pizza a normal or inferior goo

  • 7 Pages ECON302_HW4_Fall14
    ECON302_HW4_Fall14

    School: Penn State

    Course: Micro

    NAME: _ PSU ID#:_9-_ Homework #4 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, October 29th, 2014 at 8AM 1. (4 Points) Assume that you have the following production schedule where labor is the only variable input. Fill in the missing v

  • 6 Pages ECON302_HW5_Fall14
    ECON302_HW5_Fall14

    School: Penn State

    Course: Micro

    NAME: _ PSU ID#:_9-_ Homework #5 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, November 19th, 2014 at 8AM 1. (5 Points) List five separate assumptions about perfectly competitive markets. 1. _ 2. _ 3. _ 4. _ 5. _ 2. (3 Points) List thr

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    ECON302_HW6_Fall14

    School: Penn State

    Course: Micro

    NAME: _ PSU ID#:_9-_ Homework #6 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, December 10th, 2014 at 8AM 1. Assume the market demand is Q D = 1,000 0.25 P . A. (4 Points) If marginal cost equals $50 per unit, what is the profit maximi

  • 7 Pages ECON302_HW6_Fall14_ANSWERKEYb
    ECON302_HW6_Fall14_ANSWERKEYb

    School: Penn State

    Course: Micro

    NAME: _ PSU ID#:_9-_ Homework #6 Intermediate Microeconomics ECON 302, Section 003 ANSWER KEY 1. Assume the market demand is Q D = 1,000 0.25 P . A. (4 Points) If marginal cost equals $50 per unit, what is the profit maximizing output and price for a sing

  • 7 Pages ECON302_HW5_Fall14_ANSWERKEY
    ECON302_HW5_Fall14_ANSWERKEY

    School: Penn State

    Course: Micro

    NAME: _ PSU ID#:_9-_ Homework #5 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, November 19th, 2014 at 8AM 1. (5 Points) List five separate assumptions about perfectly competitive markets. 1. _Many buyers and seller (Price-taking behavi

  • 6 Pages ECON302_HW4_Fall14_ANSWERKEY
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    School: Penn State

    Course: Micro

    ANSWER KEY Homework #4 Intermediate Microeconomics ECON 302, Section 003 1. (4 Points) Assume that you have the following production schedule where labor is the only variable input. Fill in the missing values for the MPL and APL for workers 1 4. Number of

  • 6 Pages ECON302_HW3_Fall14
    ECON302_HW3_Fall14

    School: Penn State

    Course: Micro

    NAME: _ PSU ID#:_9-_ Homework #3 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, October 15th, 2014 at 8AM 1. Assume that you have the following utility, income, and prices: U = X 2Y 2 M = 100 PX = 2 PY = 2 MU X = 2 XY 2 MU Y = 2 X 2Y A.

  • 4 Pages Econ_302_Exam_2__Preview
    Econ_302_Exam_2__Preview

    School: Penn State

    Course: INMD MICROEC ANLY

    Wednesday, November 13th 8:15-10:15 pm Bring Pencil; ID Office Hours Tuesday TBA; Locations TBA 5 Long Problems: Find Total Cost Function; Graph Isocost and Isoquant for a given Q Monopoly Question(QM PM CS PS TS DWL Lerner Index) Perfect Competition Q

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    Econ_302_Exam_1_Preview-1

    School: Penn State

    Course: INMD MICROEC ANLY

    There are 6 problems on the exam: You will be given utility functions and initial endowments. You will be asked to solve for the relative prices that lead to a competitive equilibrium. You will need to be able to illustrate the situation in an Edgeworth

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    Homework_3_Answer_Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #3 McLeod Due in class Wednesday March 26th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have written your answers, pl

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    ECON302_HW3_Fall14_ANSWERKEY

    School: Penn State

    Course: Micro

    NAME: _ PSU ID#:_9-_ Homework #3 Intermediate Microeconomics ECON 302, Section 003 Due: Wednesday, October 15th, 2014 at 8AM 1. Assume that you have the following utility, income, and prices: U = X 2Y 2 M = 100 PX = 2 PY = 2 MU X = 2 XY 2 MU Y = 2 X 2Y A.

  • 6 Pages Homework_4_Answer_Key
    Homework_4_Answer_Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #4 McLeod Due in class Wednesday, April 9th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. The first sheet is intended only as a cover sheet. Do not write anything on the first sheet except your name and I

  • 7 Pages Homework_5_Answer_Key
    Homework_5_Answer_Key

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #5 McLeod Due in class Wednesday April 30th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be six separate sheets of paper (including the cover sheet). After you have written your answers, ple

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    Course_Syllabus_for_Econ_302.7_Spring_20 (1)

    School: Penn State

    Course: INMD MICROEC ANLY

    Course Syllabus for Econ 302, Section 007: Intermediate Microeconomics Penn State, Spring 2015 Instructor: Dr. Mark McLeod Prerequisite: Econ 102 or equivalent Lectures: MWF 2:30-3:20 in 010 Sparks Office: 507 Kern Graduate Building Office Hours: MWF 12:1

  • 4 Pages Micro Exam 0814 -2
    Micro Exam 0814 -2

    School: Penn State

    Course: INMD MICROEC ANLY

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    Homework_2 (1)

    School: Penn State

    Course: INMD MICROEC ANLY

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  • 3 Pages Econ_302_Exam_1_Preview
    Econ_302_Exam_1_Preview

    School: Penn State

    Course: INMD MICROEC ANLY

    Exam 1 Econ 302 Spring 2015 When: 8:15-10:15 Wednesday, February 25th Where: 100 Thomas Bring: #2 pencils and PSU Student ID Workbook Sections: 5-11 There are 6 longer problems on the exam: You will be given utility functions and initial endowments. You

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    Homework_1 (1)

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #1 McLeod Due in class Wednesday, February 4th. Name _ ID # _ Instructions: Please Read Carefully Please print out this form. After you have written your answers, please staple the seven sheets together at the top left-hand corner. The f

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    Homework_1_Answer_Key (1)

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #1 McLeod Due in class Wednesday, February 4th. . Name _ ID # _ Instructions: Please Read Carefully Please print out this form. After you have written your answers, please staple the seven sheets together at the top left-hand corner. The

  • 5 Pages Homework_3 (1)
    Homework_3 (1)

    School: Penn State

    Course: INMD MICROEC ANLY

    Econ 302 Homework #3 McLeod Due in class Monday, March 23rd Name _ ID # _ Instructions: Please Read Carefully Please print out this form. There should be four separate sheets of paper (including the cover sheet). After you have written your answers, pleas

  • 8 Pages MT3_ECON302_FALL14_ANSWERKEY
    MT3_ECON302_FALL14_ANSWERKEY

    School: Penn State

    Course: Micro

    Midterm #3 ANSWER KEY FALL 2014, ECON 302 (SECTION 003) 1. Assume that a representative and perfectly competitive firm can currently sell its product at $100 and has the following cost functions: C (Q ) = 2Q 2 + 500 MC (Q ) = 4Q A. (3 Points) Given the cu

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