Week 3 Assignment Solutions
1. Under what circumstances does a price rise bring a decrease in revenue?
(a) when demand is elastic
when demand is inelastic
2. Suppose the cross-price elasticity of romaine lettuce on asparagus is measured to be -0.4. How ar
(Common to CSE & ISE)
Subject Code: 10CS33
Hours/Week : 04
Total Hours : 52
I.A. Marks : 25
Exam Hours: 03
Exam Marks: 100
Digital Principles, Digital Logic: Definitions for Digital Signals, Digital Waveforms, Digital Lo
Dept. of AGES
California State University, East Bay
Dr. David Woo; RO 206
GEOG2300: INTRODUCTION to
CULTURAL GEOGRAPHY (4 units)
TTH 2:00 3:50am; MI 2038
office hrs.: TTH 12:00 - 1:30pm
office phone: (510) 885 316
English 1020-02 (4 units)
College Reading for Fluency
Monday, Wednesday 4:00 5:50 pm
Arts & Education (AE) 0160
510-885-3254 (please use email as this is used only durin
Basic Reading and Composition for Speakers of English as a Second Language or Foreign
Monday, Wednesday and Friday 10:40-11:50am
Location: Music Building, Rm. 2099
Instructor: Xinyi Liu (Angel Liu)
Assignment #1: Industry Leader Research, due Wednesday,
October 19th at 11:30 pm; possible points: 100.
Research a historic or present day person who has had a profound impact on the
culinary and/or hospitality industry. Select a Leader from the list belo
Biology 1001 Quiz #2
1. Which cell structure contains the organisms DNA?
D) Cell membrane
E) Cell wall
2. Which group posses a nucleus?
D) All of the above
Week 4 Assignment Solutions
1. Why is consumer surplus never negative?
(a) Consumers will not trade if the price is above their willingness to pay.
(b) The formula for consumer surplus has an absolute value function.
(c) Any negative consumer surplus woul
Week 8 Assignment Solutions
1. What is a pure monopoly?
(a) a market structure maintained by entry of many rival firms
(b) a market where a government is one of the largest buyers
(c) an industry with one firm
(d) a market structure in which there are man
Week 6 Assignment Solutions
1. When does a market transaction cause an externality?
(a) when someone directly involved in the transaction receives benefits or costs from it
(b) when someone directly involved in the transaction seeks legal assistance to en
Example: Demand Shift
Suppose the market for pears initially has supply described by P = 10 + Q (with price measured in dollars per bag
and quantity measured in millions of bags) and demand described by P = 20Q. Suppose incomes rise and demand
shifts to t
Week 5 Assignment Solutions
1. How would decreasing an import tariff on a good affect producer surplus in a nation that imports that good?
(b) no effect
(c) decrease only if demand is elastic
(d) decrease only if demand is inelastic
Week 2 Assignment Solutions
1. Which of the following would cause a shift in a markets demand curve?
(a) an increase in the income of consumers
(b) an decrease in the number of sellers in the market
(c) an increase in the cost of producing the product
Week 9 Example
Consider a game in which two firms, 1 and 2, are simultaneously choosing advertising
expenditure. They can either choose $12 or $16. The payoffs from each of the four
outcomes are given in the 2x2 payoff matrix below:
Week 1 Assignment Solutions
1. Which of the following is not a purpose of economic models?
(a) to accurately describe every detail of an economy
(b) to enable one to make accurate predictions
(c) to simplify descriptions of economic phenomena to the most
Week 7 Assignment Solutions
1. What is the total cost of production if no output is produced (if Q = 0)?
(a) total fixed cost
(c) total variable cost
(d) the maximum marginal cost
2. Which of the following is false?
(a) Payment for inputs which c