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Curbing the Demand for Gasoline
by Increasing and Rebating
the Federal Gasoline Tax
The Case of a Tax Taxpayers Will Neither Like Nor Dislike
An Empirical Exercise in Public Policy
for Intermediate Microeconomics
to Illustrate Substitution and Income Effe
Econ 393
Assignment 1
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Expected Value, Variance and Standard deviation
I.I
SP500 & XOM (Sep 16,2013 Sep 14,2014)
(30 pt)
1. Download the last year daily close prices for SP500 index from yahoo finance
a. http:/finance.yahoo.com/q?s=%5EGSPC
2. Download th
hw12 Completed 82 out of 98 points
0 hours, 44 minutes, and 49 seconds out of 1 hours and 0 minut
Question 1
Multiple Choice
2 of 2 points
According to the rule of 72, if the interest rate is 10 percent, about how long will it take for the value of a savi
2.2 In the equation y = 0 + 1 x + u, add and subtract 0 from the right hand side to get y = (0 + 0 ) +
1 x + (u 0 ). Call the new error e = u 0 , so that E(e) = 0. The new intercept is 0 + 0 , but
the slope is still 1 .
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QUIZ #6 01:220:320:04 Spring 2015 Q?
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Question: Steve and Frank are brothers attending the same college and living in the same frat house. On the
first day of each month, each of them rec
QUIZ #7 01:220:320:04 Spring 2015 a
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Question: Steve has 16 hours to divide between producing Good X or Good Y. He cannot produce both
goods at the same time. If he spent 8X hours producing Good X and y(=
(all, La
QUIZ #8 01:220:320:04 Spring 2015 ' l t)
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Question (20 pts.): A rm has chosen the oor area of its factory to be a (thousands of square feet). In
the short run the rm is stuck With this cho
QUIZ #9 01:220:320:04 Spring 2015
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Question (20 pts.): Amusement, Corp. operates Bemusement Park in Chuckletown and its the only
amusement park in the town. Through market research it concluded that
(Instructor: Dean Jens)
Name
Econ 322
Quiz 1
Using the wage2 data from Wooldridge to t a simple linear regression of monthly earnings on
IQ, we obtain
earnings = 117.0 + 8.303 IQ
(84.8) (0.857)
1. What is the predicted wage for an individual with an IQ of
(Instructor: Dean Jens)
Name
Econ 322
Final Exam, Fall 2012
Questions may not be in order of diculty; in multiple part questions, later parts will not
always depend on earlier parts. It may, therefore, be useful to skip around.
1. On page 4 are two dieren
(Instructor: Dean Jens)
Name
Econ 322
Midterm 1, Fall 2013
Questions may not be in order of diculty; in multiple part questions, later parts will not
always depend on earlier parts. It may, therefore, be useful to skip around.
1. For all parts of this pro
(Instructor: Dean Jens)
Name
Econ 322
Midterm 1
1. What is the cumulative density function (CDF) of a random variable? What characteristics
should it posess?
The cumulative density function of a random variable X is the
function cdf(x) = P (X x). It alway
(Instructor: Dean Jens)
Econ 322
Name
Midterm 2, Fall 2013
1. On page 6 is yet another regression trying to describe log(wage) with education and experience. The sample mean of education is 13.5, the sample mean of experience is 11.6, and the
sample mean
Quiz 5 01:220:320:04 Spring 2015
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Question 1 (10 pts.) Toms utility level when he has a wealth of SW is u(W) = ln(1 + W). Tom has
$4.00. Consider a lottery where Tom will lose $3.00 with probabil
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Quiz 4 01:220:320:04 Spring 2015
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Math Tools for Intermediate Microeconomics
Functions of Several (Mainly Two) Variables
( x1 , x2 , , xn )
y = f ( x1 , x2 , , xn )
f
Value of a function f (evaluated) at
Variables (or argument) of a function f
=
Example: f ( x1 , x2 )
x1
x2
( x1 , x2 , ,
Microeconomics with Calculus: Tutorial #1
Calculus and Economics
Daniel S. Christiansen
ALBION COLLEGE
christiansen@albion.edu
August 14, 2002
Instructions for Viewing
View Full Screen
Table of Contents
Begin tutorial
c Copyright 19992002 Daniel S. Christ
Intermediate Micro: Quiz 01
Solution
(a) Consumers choice (x,y) must be on the budget line:
P x X + Py Y = I
(1)
Additional utility per $1 spent on either good must be the same:
M Ux
Px
=
M Uy
Py
(2)
(b) M Ux = X 2 and M Uy = Y 2 Then, solve
P x X + Py Y
Intermediate Microeconomic Analysis Spring 2015 OKADA Rutgers University
Quiz 3 01:220:320:04 Spring 2015
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Toms indirect utility function is
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, , =
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3
2
(a) [10 pts.] Use Roys identity to find Toms uncompensated
Question. Toms utility level when he has a wealth of $W is () = 1 /2 .
Tom has $4.00. Consider a lottery where Tom will lose $3.00 with probability 0.55 or he will win $4.00
with probability 0.45.
(a) If Tom played this lottery what is the expected value
Quiz 6 Prep Problems
Question with Solution: Steve and Frank are brothers attending the same college and living in the same
frat house. On the first day of each month, each of them receives a package from their parents
containing home-made beef jerky and
Prep Questions for Quiz #7
01:220:320:04
Question 1 (with Solution) Steve has 16 hours to divide between producing Good X or Good Y. He cannot produce both
goods at the same time. If he spent hours on producing Good X and (= 16 ) hours on producing Good Y
Prep Question for Quiz #8
01:220:320:04
Q.1 A firms short run cost function is given by () = , + + . . Find the firms
short run supply function and draw it.
Answer: () = 4000 80 + 0.6 and () = 4000 40 + . 2 . To get the shutdown price,
solve is () = (). T
Prep Questions for Quiz #12
01:220:320:11/13
Q.1 (w/ Solutions) Amusement, Corp. operates Bemusement Park in Chuckletown and its the only amusement park in
the town. Through market research it concluded that there are two types of consumers, Type 1 with t
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A consumers preference is represented by the utility function '
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HOMO = ;-
(a) (5 pts) Write down two equat
Intermediate Microeconomic Analysis - Spring 2015 OKADA Rutgers University
Qulz 3 01:220:320:04 Spring 2015
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Toms indirect utility function is
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3
V(px,py,l) =( 4 >
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(a) [10 pts.] Use Roys identity to nd To
(Instructor: Dean Jens)
Name
Econ 322
Quiz 6
The following is the result of a linear regression of log(wage) against experience, the square of
experience, and the log of starting wage for engineers in Thailand:
Dependent Variable: LWAGE
Method: Least Squa
Rutgers University
Department of Economics
Summer 2016
01:220:322:H6: ECONOMETRICS
General Information:
Instructor: Shuyang Yang
Email: syang@economics.rutgers.edu
Class Location: CAC SC-115 (Scott Hall, Rm115)
Class Time: Mondays and Wednesdays, 6:00-9:4