Mean Arrivals
Large Rvs
# Large Sites
# Regular Sites
Avg waste generated
St.dev waste
55
30%
15
50
3
400
Scenario
St.dev of staff wage
mean
5
37.5
Variable Cost incurred
Fixed Cost incurred
Number of Camp Requests
Requests for Large
Requests for Regular
Student number:
Fall 2014
Name
Econ 212 Section 002
Quiz 3
Question 1.[10 pts] Maggie has a wealth of $200. She plans to spend the weekend at the
nearby casino. She has a utility function U = I i. She either loses all her wealth or with the
probability of
Student number:
Fall 2014
Name
Econ 212 Section 002
Quiz 5
Question 1: [10 pts].There are many identical rms in an industry and each rm produces
shirt. The total cost of a rm is given by 32 q + 2q2, for any q > 0 and TC(q) = O for q = 0.
a) What is the lo
Student Number:
Name: Winter 2008
Quiz 2
Section A
1. {6 marks] Chuck has a utility function for two goods (x,y) given by U(x,y)=4x+2y. The price of x is
$2, the price of y is $4, and Chuck has $8 in his pocket.
a) [lmark] What type of preference does thi
Student number:
Fall 2014
Name
Econ 212 Section 002
Quiz 2
Question 1. [10 pts] Andys preference over cola, cc and pizza, y are given by U (:13, y) = $342.
The price of cola, PI is $27 and the price of pizza, Py is $4. His budget(I) is $32.
a) Derive Andy
Student Number:
Name :
Econ 212 Section 001
Quiz 1
Question 1:[10pts]
Question 1. [10 pts] Suppose the market demand curve for a product is given by Qd=63-2P and the
market supply curve is given by Q5 = -14+5P .
a) [Smarks] Calculate the equilibrium price
Student Number: Winter 2009
Name:
Econ 212 Section A
Quiz 1
Question 1: [5 marks} You are a high-paid economics consultant, hired by Dell to
analyze the PC market. Your thorough research (you were trained at Queens after all.)
shows that market demand is
Student number:
Fall 2014
Name
Econ 212 Section 001
Quiz 5
Question 1: [10 pts]. Suppose there is a perfectly competitive market with demand and supply
function given as qd = 50 p and qs = p + 4
a) What is the competitive market equilibrium quantity and p
Student Number:
Name:
Fall 2008
Econ 212 Section A
Quiz 1
Question 1: [4 marks] Consider a market for computers. The demand curve in the
market is given by the equation Qd=21-5p where p is the price of a computer. Supply in
the market is described by the
Student Number:
Name:
Fall 2008
Econ 212 Section B
Quiz 1
Question 1: [6 marks] Consider a market for computers. The demand curve in the
market is given by the equation Qd=40-4p where p is the price of a computer. Supply in
the market is described by the
Student Number:
Name: Winter 2009
Quiz 3
Section A
1. [4 marks] A consumer enjoys two goods, X and Y. His utility function is given by U(x,y)=4xy. The
price of x is $2, the price of y is $4, and the consumer has $20 in his pocket.
a) [2 marks] What is the
$1515
"'41-, 7'1.
I j Student Number:
Name: ' Fall 2008
' ' Quiz 2
Section A
' i1. [4'imarksl Bubba needs to drink 1 coke for every 2 pieces of pizza he eats. His utility function is
therefore U(c, p) = min (20, p), that is, the two goods are perfect co
Student Numb er:
Name:
Fall 2008
QUIZ 5
Section B
Question 1 You are an economist with the Competition Bureau studying Apple Inc. and the
market for iPods, Based on extensive research, you know the technology and input prices for
producing iPods, and dema
ECON 222
Macroeconomic Theory I
Winter Term 2014/15
Assignment 1
Due: Drop Box 2nd Floor Dunning Hall by noon on September 26th 2014
No late submissions, No group submissions, No "Photocopy" answers will be accepted
Remarks: Write clearly and concisely. D
Student number:
Fall 2014
Name
Econ 212 Section 002
Quiz 3
Question 1.Suppose a rm uses Labour, L and Capital, K to produce output, Q. The pro-
duction function is: Q = K2L1/4 and the price of labour w=1 and the price of capital is r=1
(a)What is the cost