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ECON 302  INMD MICROEC ANLY  Penn State Study Resources
 Penn State University (Penn State, PSU)
 KURRE%2C JAMES ANTHO

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

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

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

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 lefthand corner. The f

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

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

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

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

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

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

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

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

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

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

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,

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

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

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

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

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

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

180470_12541_1_TM_TM_MF_TTs020313831142part2
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

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

Econ3028429533
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

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

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

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

Quiz 310
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

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

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