Econ 202 Exam 3 Due Monday April 4th at the beginning of class
1. Implicit and explicit costs are different in that:
A. explicit costs are opportunity costs; implicit costs are not.
B. implicit costs are opportunity costs; explicit costs are not.
C. the l
BUSI 620
PRETEST
Some students who took BUSI 620 had experienced difficulty with the required
mathematical computations. For the most part, economics at the graduate level involves
using formulas, manipulating data, and interpreting the resulting informat
ECON 202
Chapter 6 (Consumer Behavior)
Homework
1. Complete the following table and answer the questions below:
Units
Consumed
0
1
2
3
4
5
6
Total Utility
0
10
18
25
30
33
34
Marginal Utility
10
8
7
5
3
1
a. At which rate is total utility increasing: a co
We have learned that when real GDP rises faster than the population, output per person rises, and so
does the average standard of living. GDP is the total value of all final goods and services produced for the
marketplace during a given year, within the n
We have learned Relationship between productivity and unemployment In the previous section
we learned that increases in productivity allow a given amount of labor to produce a greater
amount of output than was possible before the productivity increase.
Wh
BUSI 620
QUESTIONS
FOR
CRITICAL THINKING 6
Salvatore Chapter 12:
a. Discussion Questions: 7, 8,and 13.
b. Problems:5 and 12.
Note:
1. P12: You could use figure 12-4 as a reference (p.506).
Ans: a. (7) : A widely used example of price discrimination (secon
Suppose an increase in product demand occurs in a decreasing-cost industry. As a result:
Select one:
a. the new long-run equilibrium price will be lower than the original long-run equilibrium
price.
b. equilibrium quantity will decline.
c. the new long-ru
We have learned how to use an aggregate demand to illustrate how price level changes affect equilibrium
GDP. List the variables that cause the AD curve to shift and explain their effects. Use an aggregate supply
curve to illustrate how a change in output
vr
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39
M A K T N GE N O _ u r R r E S
39
39
39
40
40
40
41
41
42
42
42
43
44
45
46
Opening
price
Asking catalogues, lists,
for
etc.
Askingfor
details
patterns, demonstrations
Asking samples,
for
and
Suggesting
terms,
methods payment
Appendix 1: Example essay, Units 1-8
The
impact
of
satellite
TV
on
Bangladeshi
culture
and
society
Satellite TV channels have experienced an unprecedented rise in popularity as a medium of
entertainment across the globe. Similarly, since the introduction
Module 8
ELASTICITY
Elasticity is the property by virtue of which material bodies regain their
original shape and size after the external deforming forces are removed.
The property of elasticity is different in different substances. Steel is more
elastic
Why Britain Has The Best Wall
Sockets On Earth
Anyone who has traveled to the United Kingdom has probably marveled at
the imperial bulk of the standard U.K. wall plug. With three chunky,
rectangular pins, the design at first glance seems almost ridiculous
How Regenerative Braking Works
by Christopher Lampton
Definition:
Regenerativebrakingisasysteminwhichtheelectricmotorthatnormallydrivesa
hybridorpureelectricvehicleisessentiallyoperatedinreverse(electrically)during
brakingorcoasting.Insteadofconsumingener
Business Communication
Technical Communication-Instruction Writing
1. How to download and install JAVA in windows.
At first go to the manual download page http:/www.java.com/en/download
Then you may click on windows download.
The file download box appears
The Subprime
Mortgage Crisis
Mortgage
Allison Keith & Carly Mueller
April 22, 2009
What are subprime
mortgages?
mortgages?
Typically, those who qualify for the most ideal mortgages
Typically,
with the best interest rates are those with good credit scores
Problem set:1
Mechanics of Composite Materials
Data:
/
/
1- A displacement field in a body is given by
u = 105(x2 + 6y + 7xy)
v = 105(yz)
w = 105(xy + yz2)
Find the state of strain at (x,y,z) = (1,2,3).
2- Consider a bar of cross-section A and length L. A
Sabanci University, Faculty of Engineering and Natural Sciences,
MAT 307 Composite Materials, Assignment 1&2, November 16, 2011
Instructor: Mehmet Yildiz
Assignment 1:
Question-1) Consider a bar of cross-section A and length L in fig.1 . A uniform tensile
Econ 509, Introduction to Mathematical Economics I
Professor Ariell Reshef
University of Virginia
Lecture notes based on Chiang and Wainwright, Fundamental Methods of Mathematical Economics.
1
Mathematical economics
Why describe the world with mathematica
Chapter 11 - Optimization:
More Than One Choice Variable
Alpha Chiang, Fundamentals of
Mathematical Economics, 3rd Edition
One variable case
z = f ( x)
dz = 0
dz = f '( x )dx
Max: d 2 z < 0
Min: d 2 z > 0
necessary but not sufficient
for either maximum or
Chapter 10:
Exponential and
Logarithmic Functions
Alpha Chiang, Fundamental
Methods of Mathematical
Economics
3rd edition
Exponential functions
y = f (t ) = b b > 1
Generalized:
t
y = ab
a and c are compressing or extending agents
ct
Exponential functions
Chapter 9:
OPTIMIZATION: A Special Variety
of Equilibrium Analysis
Alpha Chiang, Fundamental
Methods of Mathematical
Economics
3rd edition
Optimum Values and Extreme Values
Economics is by and large a science of choice.
common criterion of choice among al
Chapter 8
COMPARATIVE STATIC ANALYSIS OF
GENERAL FUNCTION MODELS
Alpha Chiang, Fundamental Methods
of Mathematical Economics
3rd edition
Comparative Static Analysis
Significance: sometimes no explicit reduced form solution can be
obtained. Hence, we will
COMPARATIVE STATICS AND THE
CONCEPT OF DERIVATIVE
Chapter 6
Alpha Chiang, Fundamental Methods
of Mathematical Economics
3rd edition
Nature of Comparative Statics
concerned with the comparison of different equilibrium
states that are associated with differ