ECON 201/301, (Spring 2014)
Department of Economics, SFU
Prof. Christoph Llfesmann
u
Solutions to Assignment #1
I. Short Problems
1. This statement is false. Tangency means that indierence curve and
budget line have the same slope at the optimal point. Th
ECON 301 Tutorial 8
Problems for today (from the Workout Book)
Problem 8.1
Problem 8.6
Problem 8.7
Problem 14.2
Problem 14.3 (will be covered in next Tutorial)
H. K. Chen (SFU)
ECON 301 Tutorial 8
October 30, 31
1 / 15
Problem 8.1 (a)
Gentle Charlie, vege
ECON 301, (Fall 2010)
Department of Economics, SFU
Prof. Christoph Llfesmann
u
Midterm # 2
Please solve ALL of the problems below.
I. Short Problems - Explain! No credit will be given without a
justication of your answer (8 pts each)
1. What is the deadwe
ECON 301 Tutorial 4
Problems for today (from the Workout Book)
Problem 4.9 (except d and e)
Problem 4.12
Problem 5.1
Problem 5.2
Problem 5.3
H. K. Chen (SFU)
ECON 301 Tutorial 4
October 2, 3
1 / 15
Problem 4.9 (a)(g)
Suppose that the utility functions u(x
Chapter 2. A Theory of Preferences
1. Look at textbook questions #: 5, 6, 7, 8, 19.
2. True/False
1. An indifference curve is defined as a set of bundles that a consumer with a given
income can afford, and among which she or he is indifferent.
2. More is
Chapter 14. Price Discrimination and Monopoly Practices
1. Textbook problems # 6, 11, 14, 15, 16.
2. True/ False
1. The efficiency loss under perfect price discrimination is larger than under either
pure monopoly or ordinary price discrimination.
2. The h
ECON 201/301 (Spring 2014)
Department of Economics, SFU
Prof. Christoph Llfesmann
u
Solutions to Assignment #2
(My suggested solutions are usually more detailed than required in an
exam).
I. Short Problems
1. The consumers reservation price for a good 1,
hapter 3. Demand Theory
1.Textbook questions #: 4, 5, 6, 7, 16, 21, 22, 24, 27, 29.
2. True/False
1. Since the real price for automobiles has increased but the quantity demanded has
also increased over recent years, the demand curve for automobiles must b
Chapter 7. Production and Cost: Many Variable Inputs
1. Textbook problems # 6, 11, 12, 13, 14
2. True/ False
1. An LAC(y) curve is U-shaped because input prices are decreasing for low output
levels and increasing for high output levels.
2. If a production
Chapter 10. Monopoly
1. Textbook problems # 1, 2, 4, 5, 12, 13.
2. True/ False
1.A profit maximizing monopolist facing no entry threat will operate on the elastic
portion of the market demand curve.
2. Even if an industry has IRTS over the entire range of
Chapter 4. More Demand Theory
1. Textbook problems # 7, 8, 17, 20, 21, 22.
2. True/ False
1. An exact measure of the individual's willingness to pay for the opportunity to
purchase an automobile at some price is the consumer surplus.
2. If the substitutio
NAME(S):_
_
COQUITLAM COLLEGE UNIVERSITY TRANSFER PROGRAM
SPRING 2016
ECONOMICS 255 UNDERSTANDING GLOBALIZATION
ASSIGNMENT #4
DUE DATE: Thursday, March 24th, 2016
INSTRUCTIONS
This assignment is worth 4% of your final mark. Assignments must be submitted b
Chapter 8. The Theory of Perfect Competition
Chapter 9. Applications of the Competitive Model
1. Textbook problems # 2, 5, 7, 8 from Chapter 8.
Textbook problems # 9, 10, 11 from Chapter 9.
2. True/ False Questions.
1. Since long-run economic profits for
Chapter 6. Production and Cost: One Variable Input
1. Textbook problems # 5,6,7,18,19,20.
2. True/ False
1. If marginal product is decreasing, then average product must also be decreasing.
2. For a fixed-proportion technology, inputs cannot be substituted
ECON 201/301 (Spring 2014)
Department of Economics, SFU
Prof. Christoph Llfesmann
u
Solutions to Assignment #3
(My suggested solution is more detailed than required in an exam).
I. Short Problems
1. The rst of these statements is false, the second stateme
ECON 301 Tutorial 11
Problems for today (from the Workout Book)
Problem 16.11
Problem 18.3
Problem 18.6
Problem 18.7
H. K. Chen (SFU)
ECON 301 Tutorial 11
November 20, 21
1 / 14
Problem 16.11 (a)
King Kanuta rules a small tropical island, Nutting Atoll, w
ECON 301 Tutorial 12
Problems for today (from the Workout Book)
Problem 19.2
Problem 20.2
Problem 20.4
Problem 21.5
Problem 22.2
Office hours next week
Tuesday (Dec 4)
1:00 to 3:00 pm
WMC 3621
Or by email appointment
H. K. Chen (SFU)
ECON 301 Tutorial 12
ECON 301 Tutorial 9
Problems for today (from the Workout Book)
Problem 14.3 (from last week)
Problem 14.6 (except d and f)
Problem 15.1
Problem 15.2 (a and b)
Problem 16.1
Problem 16.3
H. K. Chen (SFU)
ECON 301 Tutorial 9
November 6, 7
1 / 18
Problem 14.3
ECON 301 Tutorial 2
Problems for today (from the Workout Book)
Problem 2.1
Problem 2.3
Problem 3.1
Problem 3.2
Problem 3.3
H. K. Chen (SFU)
ECON 301 Tutorial 2
September 18, 19
1 / 18
Problem 2.1 (a)(c)
You have an income of $40 to spend on two commoditie
ECON 301 Tutorial 3
Problems for today (from the Workout Book)
Problem 3.5
Problem 3.7
Problem 4.2
Problem 4.4 (b) and (c)
Problem 4.5
H. K. Chen (SFU)
ECON 301 Tutorial 3
September 25, 26
1 / 10
Problem 3.5 (a)(b)
Randy Ratpack hates studying both econom
ECON 301 Tutorial 7
Midterm 1 Information
Statistics
Average 31.6
Median
30
St. Dev. 14.2
Min
4
Max
70
Questions
1, 2, 4
3
5, 6(a)
6(b), 6(c)
Graders
Michael
Josh
Jonathan
Kevin
Email
mctseng@sfu.ca
jfb@sfu.ca
jkb4@sfu.ca
haiyunc@sfu.ca
Problems for today
ECON 301 Tutorial 1
General information
My name: Kevin
Email: haiyunc@sfu.ca
Office hours: Wednesday 9:30 10:30 in WMC 3621,
or by appointment
My tutorial sections:
Section Time
D102
Tue 3:30
D104
Wed 12:30
D105
Wed 8:30
D106
Tue 4:30
H. K. Chen (SFU)
Loc
ECON 301, (Fall 2010)
Department of Economics, SFU
Prof. Christoph Llfesmann
u
Final Exam
Please solve ALL of the problems below.
I. Short Problems - Explain! No credit will be given without a justication of
your answer. (8 pts each)
1. Consider a technol