Economics 114 Development Economics
Homework 1
Summer 2011
Jinmao Xu
4715033
1.
Country
Production
of TV sets
A
B
56
21
Price of TV
sets in local
currency
$14
28
Production
of haircuts
140
15
Price of
Econ 106 Managerial Economics
Homework 1
Summer 2011
Jinmao Xu
4715033
1. As the oil production went down by 1.21 million barrels per day, and that's a 5%
reduction in the world's supply of crude oil,
Econ 106 Managerial Economics
Homework 1
Summer 2011
Due date: Fri Aug 12 at the beginning of class.
Homework guidelines can be found at http:/econ.ucsb.edu/~benelli/homework_guidelines.htm
1. As a re
Chapter 07 - Risk Analysis, Real Options, and Capital Budgeting
Chapter 07 Risk Analysis, Real Options, and Capital Budgeting Answer Key
Multiple Choice Questions
1. An analysis of what happens to the
Chapter 06 - Making Capital Investment Decisions
Chapter 06 Making Capital Investment Decisions Answer Key
Multiple Choice Questions
1. The changes in a firm's future cash flows that are a direct cons
Chapter 04 - Discounted Cash Flow Valuation
Chapter 04 Discounted Cash Flow Valuation Answer Key
Multiple Choice Questions
1. An annuity stream of cash flow payments is a set of:
A. level cash flows o
Chapter 05 - Net Present Value and Other Investment Rules
Chapter 05 Net Present Value and Other Investment Rules Answer Key
Multiple Choice Questions
1. The difference between the present value of an
Chapter 08 - Interest Rates and Bond Valuation
Chapter 08 Interest Rates and Bond Valuation Answer Key
Multiple Choice Questions
1. A bond that makes no coupon payments and is initially priced at a de
Introduction to
Economic Decision
Making
1
Managerial Economics (ME)
Definition
the study of how to direct scarce resources in
the way that most efficiently achieves a
managerial goal.
Not the best de
Economics 114 Development Economics
Homework 2
Jinmao Xu
4715033
Summer 2011
1. Provide the statistics of the country of Lesotho:
a. The total fertility rate is 3.26 births per woman;
b. The total pop
Econ 106 extra problem key
1. There are two firms in direct competition in a market. Assume you are the owner of firm
one. You are provided with the following information.
P = 150 12Q
Q = q 1 + q2
TC1
Monopoly
1
Monopoly
Single monopoly
P
MC
P*
ATC
D
Q*
MR
Q
2
Monopoly
3
Monopoly Multi-Plant Decision
Math example, solution provided in class
P = 100 - 4Q
TC1 = 200 + 2q 2
1
TC1 = 150 + 10q2 + 10q22
Econ 106
Quiz 3 (and potentially some material for the Final) Suggested Key
Chapters are not separately identified. Practice problems not reflective of all theory/math/material
covered.
1. Themarketin
Econ 106
Final Suggested Key
Chapters are not separately identified. Practice problems not reflective of all
theory/math/material covered.
1. A monopoly producing a chip at a marginal cost of $6 per u
Econ 106
Final Suggested Key
Chapters are not separately identified. Practice problems not reflective of all
theory/math/material covered.
1. A monopoly producing a chip at a marginal cost of $6 per u
Econ 106
Quiz 2
Chapters are not separately identified. Practice problems not reflective of all theory/math/material
covered.
1. ThemarketinversedemandcurveisP=602Q.
Thereareifirmsinthemarketwithcostf
A Quick Introduction to
Game Theory
The fundamentals of game
theory
Nash equilibrium
Classic examples
1
Introduction to Game
Theory
We can look at market situations with
two players (typically firms)
First degree
price
discrimination
ECON 171
Introduction
Annual subscriptions generally cost less in total
than one-off purchases
Buying in bulk usually offers a price discount
these are price discrimi
Econ 106 Managerial Economics
Chapter Cost Analysis
Practice problems are NOT reflective of all theory/math/material covered.
1. A firm produces 100 units of good A at a total cost of $1,500 and separ
Proposed Merger Between Heinz and Beech-Nut Scrutinized
The case is a condensed and slightly modified version of the public copy of the decision in
FTC (Appellant) v. H.J. Heinz Co. and Milnot Holding
Chapter 6: Answers to Questions and Problems
2. When a firm requires a limited number of standardized inputs that are sold by many firms in the marketplace, the optimal method of procurement is spot e
Chapter 1: Answers to Questions and Problems
1.
Consumer-consumer rivalry best illustrates this situation. Here, Levi Strauss &
Co. is a buyer competing against other bidders for the right to obtain t
Econ 106 Managerial Economics
Homework 1
shangze li
Summer 2011
5160114
(1)the decreasing of Middle East oil production lead a leftward shift in the supply curve for oil,
and thus result in an increas
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Author(s): George A. Akerlof
Source: The Quarterly Journal of Economics, Vol. 84, No. 3 (Aug., 1970), pp. 488-500
Published by: Ox