ECON 460
Assignment 4
Answer Key
Question 1
Suppose that the MD = 5E and with its current technology, the firms MS is given by
MS1 = 200 5E.
a) Determine the socially optimal level of emissions E.
200
Example Term Paper Format
ECON 460
November 19, 2011
Abstract
The following paper is an example of the appropriate stlyle, layout and
format for an term paper or essay in an economics course. All pape
Economics 460 MT answer Key
Part 2 - Written
1. (5 marks) Sparky has the utility function u = xy 2 and a budget constraint
M = Px x + Py y. Initially M = 36; Px = 2; Py = 1.
(a) Find optimal x; y; and
ECON 460
Answer s for HW 1
Kolstad (2nd edition)
Fall 2011
Homework One: pg 64 #2, #5 pg 87 #1
[2] Cost exceeds willingness to Pay by the three. (a) Pareto fails both options. (b) Majority would vote
Econ 460 Study Questions
Fall 2013
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) A monopoly might produce less than the socially optimal amo
Summer 2010
Study Questions
ECON 460: Environmental Economics
1
ANSWER KEY
Externalities and Public Goods
1. Suppose an industry has 12 rms, each with the following marginal (private) cost function
M
Fall 2010
Study Questions
ECON 460: Environmental Economics
1
ANSWER KEY
Externalities and Public Goods
1. Suppose an industry has 12 rms, each with the following marginal (private) cost function
M Ci
Notes on CV, EV and Consumer Surplus
ECON 402 May 30, 2006
Kevin Wainwright1 Simon Fraser University Burnaby, BC
1
Utility Maximization
Consider a consumer with the utility function U = xy, who faces