Midterm II Sample Questions
Midterm II will be on Monday, November 10th. Please arrive at least a few minutes early; the test will begin promptly at 10:10AM. In the past students usually require the entire time allowed to take my tests. The test is c
Homework V Principles of Microeconomics 1101 Lecture 017 Fall Semester 2008
Mike Walrath Due 11/24/08
Note: Homework must be turned in at the end of lecture on Monday, 11/24/08 (see syllabus for late homework policy). Your homework must be in chrono
TEST-Economic way of thinking
Economics is the study of people and the tradeoffs they make.
Microeconomics - focuses on the choices made by individuals and businesses.
Macroeconomics - aggregate or total effect, determined by adding across many markets.
Answer Keys to HW1
Welfare analysis of tariff
(answers keys are on the second page)
Homes demand curve for wheat is D=100-20P, supply curve is S=20+20P. Derive
Homes import demand. What would be the price of wheat in t