ECC2000/ECX9000 Tutorial Questions Week 12
1
1
1. Suppose that a firms production function is q 10L 2 K 2 . The cost of a unit of labour
is $20 and the cost of a unit of capital is $80.
a.
The firm is
Economics of Money and Banking: Assignment 2
Qingyuan Du
March 18, 2014
1. Consider two economies A and B. Both economies have the same population, supply of at money,
and endowments. In each economy,
ECC 2000 Intermediate Microeconomics.
Sample mid-term exam.
Question 1.
Bundle 1 contains 1 unit of F and 9 units of C.
Bundle 2 contains 9 units of F and 1 unit of C.
Bundle 3 contains 4 units of F a
Economics of Money and Banking: Assignment 6
Qingyuan Du
May 17, 2014
1. Suppose people in our overlapping generations model have the opportunity either to hold at
money with complete safety or to len
Economics of Money and Banking: Assignment 1
Qingyuan Du
March 12, 2014
1. Consider an economy with a constant population N = 100. Individuals are endowed with y = 20
units of the consumption good whe
ECC2000 Sem 1 Tutorial Questions Week 6
1. Do the following functions exhibit increasing, constant, or decreasing returns to scale?
What happens to the marginal product of each individual factor as th
Jane receives utility from days spent traveling on vacation domestically (D) and days
spent traveling on vacation in a foreign country (F), as given by the utility function
U(D,F) = 10 DF . In additio
Economics of Money and Banking: Assignment 3
Qingyuan Du
March 26, 2014
1. Consider a at money/barter system as in the lecture. Suppose the number of goods J is 50.
Each search for a trading partner c
Question 1.
A firm has two factories for which costs are given by:
Fa ctory # C1 Q 1 = 10Q1
1:
2
Fa ctory # C2Q2 = 20Q2
2:
2
The firm faces the following demand curve:
P = 700 - 5Q
where Q is total ou
Tutorial 9
Chapter 29 Problems and Applications 5
Your aunt replays a $100 loan from Third State Bank (TSB) by writing a $100 cheque on her
TSB check account. Use T-account to show the effect of this
ECC2000 Sem 1 Tutorial Answers Week 11
1. Two computer firms, A and B, are planning to market network systems for office
information management. Each firm can develop either a fast, high-quality syste
ECC2000 Sem 1 Tutorial Questions Week 5
1. Maurice has the following utility function: U(X,Y ) = 20X + 80Y X 2Y , where X is
his consumption of CDs, with a price of $1, and Y is his consumption of mov
Week 4 Tutorial 3
1.
(a) Explain graphically the determination of the equilibrium GDP for the private
sector of the economy by:
(i)
the aggregate expendituresoutput approach
(ii)
the leakagesi
Week 5 Tutorial 4
1. Using appropriate diagrams, reconcile the aggregate expenditureincome model and
the aggregate demand curve of the aggregate demandaggregate supply model.
In order to construct the
Week 7 Tutorial 6
1. Explain how the transactions demand and asset demand might be
combined graphically to determine total money demand.
The total demand for money, D m , is determined by horizontally
Week 12 Tutorial 11
1. There are both a demand side and a supply side to economic growth. Explain. Illustrate the
operation of both sets of factors in terms of the pro
Week 10 Tutorial 9
1. Use the aggregate demandaggregate supply model to derive the shortrun Phillips curve. Are these models consistent?
The intersection of the aggregate demand and aggregate supply c
Week 9 Tutorial 8
1.
(a) Use Figures below as a point of reference to discuss the following. How
do both: (i) the shapes of the money demand curve and investment
demand curve, and (ii) the position on
Pure Competition
ANSWERS TO END-OF-CHAPTER QUESTIONS
21-1
21-2
Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic
competition, and oligopoly. Under which of these
The United States in the Global Economy
ANSWERS TO END-OF-CHAPTER QUESTIONS
5-1
Describe the four major economic flows that link the U.S. with other nations. Provide a specific
example to illustrate e
Tutorial 11
Chapter 33 Problems and Applications 4
Suppose the economy is in the long run equilibrium, as in figure 33.6. Show the impact on
aggregate demand, on shot run aggregate supply or long run
Tutorial 10
Chapter 31 Problems and Applications 6
Would each of the following groups be happy or unhappy if the Australian dollars
appreciated? Explain.
a. Australian cattle growers who export their
Topic9: company constitutions and replaceable rules
S 134
replaceable rules a constitution
A companys internal management may be governed by
replaceable rules contained in the Corporations Ac
Tax overview
3
()()
Article 3 The term "enterprises lawfully established
within China" as described in Article 2 of the EIT Law
shall include the enterprises, public institutions, social
bodies and
87
PPT
PPT2 years exemption and 3-years 50% reduction
from the first profitable year for newly established
software or integrated design enterprises
()
Week 11 Tutorial 10
1. If domestic prices rise 10 per cent and foreign prices rise 20 per cent, by
approximately how much will the value of the exchange rate change?
The equation for relative PPP is g
Week 6 Tutorial 5
1. Comment on the progressivity or regressivity of each of the following
taxes, indicating in each case your assumption concerning tax incidence.
Explain your conclusions.
(a) the fe
Pure Monopoly
ANSWERS TO END-OF-CHAPTER QUESTIONS
22-1
22-2
No firm is completely sheltered from rivals; all firms compete for the consumer dollars. If that
is so, then pure monopoly does not exist. D
ECC1100 SEMESTER 1 2015 EXAM MEMO AND PRACTICE EXAM
Exam Information
2 hours writing time, 10 minutes reading time. Exam is worth 60% of your final mark.
No calculators,
Week 3 Tutorial 2
1. Describe the relationship between total spending and the levels of output and
employment.
As total spending (expenditure) rises and falls so does output and employment.
Cyclical u