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##### ECON 302 - INMD MICROEC ANLY - Penn State Study Resources
• 11 Pages
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###### 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

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

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

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

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
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###### Exam 1 Version A Answer Key Copy

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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

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

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

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

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
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###### 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

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

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

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

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

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

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

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

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

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
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###### 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
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###### 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
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###### 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

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

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

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

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

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

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
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###### 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

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

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

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

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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,

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• ###### Econ 302 Final Exam Review
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###### 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

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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
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###### 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

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

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

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)

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

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)

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

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

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

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
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###### 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

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

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Course: INMD MICROEC ANLY

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

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Course: INMD MICROEC ANLY

• 4 Pages
###### 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

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

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Course: INMD MICROEC ANLY

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###### 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

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

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Course: INMD MICROEC ANLY

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###### 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Course: INMD MICROEC ANLY

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###### Supply

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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

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

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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

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

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

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

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

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

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

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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

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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

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

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

• 6 Pages
###### 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

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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

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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

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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

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.

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• ###### Econ_302_Exam_2__Preview
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###### 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
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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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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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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

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

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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)
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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

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###### Micro Exam 0814 -2

School: Penn State

Course: INMD MICROEC ANLY

THE PENNSYLVANIA STATE UNIVERSITY Department of Economics Fall 2014 Written Portion of the Candidacy Examination for the Degree of Doctor of Philosophy MICROECONOMIC THEORY Instructions: This examination contains two sections, each of which contains three

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###### Homework_2 (1)

School: Penn State

Course: INMD MICROEC ANLY

Econ 302 Homework #2 McLeod Due in class Wednesday, February 18th. 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

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• ###### Econ_302_Exam_1_Preview
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###### 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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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

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###### 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

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