ECONOMICS 2B03: Analysis of Economic Data I
Department of Economics
McMaster University
Assignment 3, Fall 2014, Due Tuesday October 21
Jason Tsang
(1316877)
Name and Student ID:
In order to facilitate grading, kindly complete your work in the space provi
ECONOMICS 2B03: Analysis of Economic Data I
Department of Economics
McMaster University
Assignment 2, Fall 2014, Due Tuesday September 30
Jason Tsang (1316877)
Name and Student ID:
In order to facilitate grading, kindly complete your work in the space pro
Econ 2J03 Quiz #1 January 17, 2014
Problem Section: [25 marks]
Solution
Question #1: [16 marks]
Consider the following demand functions and cost functions of a finite resource.
P1 = 200 Q1
[Subscript 1 refers to MWTP in dollars in the current year]
MC1 =
Econ 2J03Test #1
Version 1
9:30 AM 10:20 AM
January 24, 2013
Solution
Problem section: [25 marks]
Question #1: [6 marks]
The individual marginal willingness-to-pay for public good is given below:
P = 10 Q, where Q is the public good
Assume that there are
Bonus Quiz #4
Econ 2J03
March 7, 2014
There are 10 True-False Questions.
Circle A if the statement is true (T) and circle B if the statement is false (F).
Answer Questions #1- 2 on the basis of the following MAC and MDC equations.
The MAC function is:
MAC
Bonus Quiz #5 Environmental Economics 2J03
March 14, 2014
There are 10 True-False Questions.
Bubble A if the statement is true (T) and bubble B if the statement is false (F).
Answer Questions #1-5 on the basis of the following:
MAC1 = 48 3E1
MAC2 = 16 E2
Bonus Quiz towards Test #1 Environmental Economics 2J03
January 29, 2014
There are 10 True-False Questions.
Circle A if the statement is true (T) and circle B if the statement is false (F).
1.
Consider two marginal cost functions. The first MC function is
Bonus Quiz towards Test #2
Econ 2J03
March 4, 2014
Answer Questions #1-2 on the basis of the Coase theorem with MAC and MDC
functions.
MAC = 12 E
12 = E + A
The MDC function is:
MDC = 3E
1.
Assume that the property right belongs to the victims.
We can der
Extra Quiz #2 Econ 2J03
March 26, 2014
10 True/False Questions
Bubble a if the statement is true and bubble b if the statement is false.
1.
2.
3.
4.
5.
Uniform standard emissions lead to cost-effective aggregate abatements for a
given target level of emis
Econ 2J03 Test #3 March 28, 2014 [9:30 AM 10:20 AM]
Version 2
Students Name:
Students #
Problem Section: [25 marks]
Question #1: [12 marks]
MAC1 = 40 4E1
MAC2 = 10 E2
Target emissions = 10 = E1 + E2
Each numerical answer is worth one mark
(a)
Find the soc
Test #2 Econ 2J03
February 28, 2014
Version #1
Problem Section: [25 marks]
Question #1: [8 marks]
9:30 10:20 AM
Name:
Student #:
Each numerical answer is worth one mark
Consider Coase theorem with the following MAC and MDC functions.
The MAC function is:
Econ 2J03
Quiz #2
February14, 2014
Problem Section: [25 marks]
Question #1: [8 marks]
Solution
Each numerical answer is worth one mark
Consider Coase theorem with the following MAC and MDC functions.
The MAC function is:
MAC = 120 10E
12 = E + A
The MDC f
Solution Quiz #4
Econ 2J03 Environmental Economics
Friday April 4, 2014
Bubble a if the statement is true and bubble b if the statement is false.
25 True-False Questions: [100 marks]
Answer Question #1 on the basis of the following MAC and MDC functions.
Bonus Quiz towards Test #3
Econ 2J03
April 1, 2014
Answer Questions #1-2 on the basis of the MAC and MDC functions.
MAC = 10 E
10 = E + A
The MDC function of toxic emissions can be either
MDC = 10 + 4E
Or
MDC = 4E
1.
Because of uncertainty regarding damag
Econ 2J03
Bonus Quiz #3
February 7, 2014
Circle True if the statement is true and circle False if the statement is false.
1.
Benefit-cost analysis (BCA) is a tool to evaluate public policies and projects.
It incorporates market as well as non-market value
Bonus Quiz #2
Environmental Economics 2J03
January 31, 2014
There are 10 True-False Questions.
Circle A if the statement is true (T) and circle B if the statement is false (F).
Answer Questions #1-4 on the basis of the abatement costs functions faced by t
Econ 2J03 Quiz #1 January 17, 2014
Problem Section: [25 marks]
Students Name:
Student #:
Question #1: [16 marks]
Consider the following demand functions and cost functions of a finite resource.
P1 = 200 Q1
[Subscript 1 refers to MWTP in dollars in the cur
1. Categorical Data: A type of data that puts things into different categories according
to their type. It can be either nominal and ordinal. Under nominal, the observations
are assigned each a code in the form of a number where numbers are simply labels.
ECONOMICS 2B03: Analysis of Economic Data I
Department of Economics
McMaster University
Assignment 4, Fall 2014, Due Tuesday November 4
Jason Tsang
(1316877)
Name and Student ID:
In order to facilitate grading, kindly complete your work in the space provi
Solution of Assignment 1
Question #1: [60 marks]
This question deals with sustainability of finite depletable resource over time. The
resource demand function of the present time is identical with the resource demand
function of the future time. Assume ze
Solution of Assignment 2
Monday February 24, 2014
Question #1: [50 marks]
The marginal cost functions of two polluting firms are given below:
MAC1 = 100-10E
[The firm 1s MAC function]
MAC2 = 50-10E
[The firm 2s MAC function]
(a)
Graph each function separa
Assignment 3: Avenue Drop Box 11:59 PM Monday March 31, 2014 Solution
Question #1: [50 marks]
There are two sources of emissions.
MAC1 = 300 10E1
MAC2 = 150 5E2
Aggregate target emissions = 30 = E1 + E2
15 permits are given to each source of emissions.
(a
Bonus Quiz towards Test #3
Econ 2J03
April 1, 2014
Answer Questions #1-2 on the basis of the MAC and MDC functions.
MAC = 10 E
10 = E + A
The MDC function of toxic emissions can be either
MDC = 10 + 4E
Or
MDC = 4E
1.
Because of uncertainty regarding damag
Bonus Quiz #1 Environmental Economics 2J03
January 10, 2014
There are 10 True-False Questions.
Read the questions carefully. To see why the statement is true or false, draw graphs when
needed and use calculations when needed.
Circle A if the statement is