Problem Set 3
Due: October 18, 2006
Economics 231 Fall 2006
Professor John Conley Vanderbilt University
1. Midterm exams are usually offered within a week or so of each other. This means that you must decide how to allocate time to each of your co
Problem Set 4 Due: October 30, 2006 Economics 231 Fall 2006 Professor John Conley Vanderbilt University
1. Fred Funfactor owns Funfactor's fantastic fabrication firm, one of many companies in the highly competitive WackaMole industry. A key compon
Problem Set 3
Due: October 18, 2006
Economics 231 Fall 2006
Professor John Conley Vanderbilt University
1. Midterm exams are usually offered within a week or so of each other. This means that you must decide how to allocate time to each of your co
HW #1
ECON 231
Professor
Rennhoff
Intermediate Microeconomics
Spring 2011
Due at the beginning of class on Wednesday, January 26. You may work in groups of 3
or less. If you work on the assignment in groups, please only turn in one copy of the
assignment
HW #2
ECON 231
Prof Rennhoff
Intermediate Microeconomics
Spring 2011
Due at the beginning of class on Wednesday, February 2. You may work on these
problems in groups of 3 or less. If you work on the assignment in groups, please
only turn in one copy of th
Chapter 6
9/19/11
News
Thursday Wall Street Journal: Fed Prepares to Act
Todays Wall Street Journal: New Obama Deficit Plan
Todays wall Street Journal: Fed Ponders Jobs, Inflation Targets
Question 1: Which would you prefer?
a. You earn $50,000 per year
Econ 231 Problem Set 1 Answer Key
September 15, 2013
Problem 1.
NOTE: No changes in demand for butter, changes in quantity demanded
D
Cows are an input for butter. Therefore QS QS
cows
butter Pbutter and Qbutter
Butter and bread are complements. Therefore
Econ 231 Midterm 1 Answer Key
October 4, 2013
(5) Name
1. (30) Denitions:
a. Marginal rate of substitution (both an informal, and a formal/mathematical denition)
M RSxy =
y

x U =U
=
@ U/@ y
@ U/@ x
=
M Uy
M Ux
MRS is the slope of the indierence curve. I
Chapter 7
9/26/2011
Quiz 3 Notes
Fall in the rate of inflation should do which to future interest rates.
o Should cause interest rates to decrease.
An increase in the production of new cars with no change in the sales of new cars
will do what to the rea
Answer Key of Problem Set 4
1. The snow cone industry is a long run constant cost industry, as it does
not consume any important fraction of the total production of any of its inputs.
The damage from the storm make the variable cost increase. Therefore,
a
Econ 231 Problem Set 5 Answer Key
December 4, 2013
(1) Pineapples in Sweden: QD = 1000
3 P , Q S = 4P
(a) Free Market: QD = QS ) 1000 3P = 4P
) P = 1000 142.86, Q = 4000 571.43
7
7
(b) Tari of T per unit: P T = P W + T
QD = 1000 3P T = 1000 3P W 3T
(c) QS
Econ 231 Problem Set 2 Answer Key
October 2, 2013
Problem 1
Qdp =
3
I Pph
2
Pdp I 2
(a.) Own price elasticity of demand for Dominos pizza
Using the quotient rule, we can solve for
Then dp,dp =
dQdp
dPdp
Pdp
Qdp
=
3
(IPph )(2Pdp )
dQdp
dPdp
=
Pdp
3
2
IPph
Chapter 9
9/30/11
Web Searches Cut unemployment duration by 25%
Cuts FRICTIONAL unemployment by reducing search time
Chart of the Day: GDP Revised up to 1.3% because Americans had more fun
Americans spent more on recreational activities. Spending on rec
Interest arbitrage
Given 1 unit of H currency
Should you hold a Hcurrency and deposit earn interest
Or
Should you hold a Fcurrency deposit and earn interest
2 things will matter
1) Interest rates at H and F
2) Expected appreciation/depreciation of the c
2
Solutions
Nine Sample Quiz Problems
(20)
1.
The return on a certain type of investment is approximately normally distributed
with mean of 7% and a standard deviation of 2%.
(5)
a.
What is the probability that the return will exceed 9%?
Let X = return
97
1
Solutions to EMBA Quiz (Regular Length)
(29) 1.
(4)
(10)
Assume that the return on an investment is approximately normally distributed with mean
20% and a standard deviation of 5%.
a. What is the variance of the return?
25 (%2 )
b. What is the probabili
1
QUIZ Solutions
Executive Management 7782 (Cooil)
(29) 1.
(4)
Assume that the return on an investment is approximately normally distributed with mean
24% and a standard deviation of 2%.
a. What is the variance of the return?
4 (%2) (the units arent a nec
NEARZERO RATE, NEARZERO EFFECT?
IS UNCONVENTIONAL MONETARY
POLICY REALLY WORKING?
HEARING
BEFORE THE
SUBCOMMITTEE ON
MONETARY POLICY AND TRADE
OF THE
COMMITTEE ON FINANCIAL SERVICES
U.S. HOUSE OF REPRESENTATIVES
ONE HUNDRED THIRTEENTH CONGRESS
FIRST SES
Name: _
Managerial Economics
Homework 1
Chapters 1, 2, and 3
Solutions
1. Property Rights
Why are property rights so important in creating wealth?
With individual ownership of property, owners keep the value they create by moving assets to
highervalued u
Managerial Economics
Homework 3
ANSWER KEY
1. Tennessee Titan Shirts
Your company sells a variety of NFL logo TeeShirts for various teams for $15. Your rental cost of the silkscreening equipment is $150,000 per year and you incur $18,000 in typical setup
Name: _
Managerial Economics
Homework 2
Chapters 46
Answer Key
1. Copier Company
A copy company wants to expand production. It currently has 20 workers who share
eight copiers. Two months ago, the firm added two copiers and output increased by
100,000 pa
Name: _
Managerial Economics
Homework 4
Chapters 1114
Solutions
1. Dollar Devaluation
How will a dollar devaluation affect businesses and consumers in the twin cities of El Paso,
United States and Juarez, Mexico?
A dollar devaluation will increase the de
What is FX?
Is a claim denominated in a foreign currency.
FX Mkt
Institutional network
Includes spot market derivative markets (futures, forward, options)
Structure/Characteristics
24 hours/day
London
5.3 trillion/day turnover
Exchange Rates
Eh/f=# of un
HW #3
ECON 231
Prof Rennhoff
Intermediate Microeconomics
Spring 2011
NOT TO BE TURNED IN FOR A GRADE. I will go over the answers to these problems in class.
1.
After a hard day of classes, Joe frequently enjoys going out to dinner at Brueggers or
bowling
HW #5
ECON 231
Prof Rennhoff
Intermediate Microeconomics
Spring 2011
Due at the beginning of class on Wednesday, March 2. You may work on these problems in
groups of 3 or less. If you work on the assignment in groups, please only turn in one copy of the
a
HW #4
ECON 231
Prof Rennhoff
Intermediate Microeconomics
Spring 2011
Due at the beginning of class on Wednesday, February 23. You may work on these problems in
groups of 3 or less. If you work on the assignment in groups, please only turn in one copy
of t