Econ 200 AD/AI quiz section notes
Sui Luo/Fall 09
Econ200 AD/AI
Notes for quiz section on Nov. 16
Nov.16
( Readings: Textbook 5.2~5.4; Lecture notes 11~12)
In the following graphs, the red (purple) line represents the price level of the
consumer (supplier
Name: -Quiz 4-Econ 200A
30 points- Maximum of 24 minutes allowed
Answer Key
Quiz Section: -Fall 2009
1. (18 points) Consider the market for a good. Use graphical analysis to show the effect of a $1 subsidy
paid to the sellers by the government on the equi
Quiz 5-Econ 200A
30 points- Maximum of 24 minutes allowed
Fall 2009
Answer Key
1. (18 points) A wheat farm has the following quantity of output (in tons per week) with the amount of
labor working on the farm:
L
1
2
3
4
5
6
7
8
Q
2
8
13
17
20
22
23
23
MPL
Name: -Quiz 3-Econ 200A
30 points- Maximum of 24 minutes allowed
Quiz Section: -Fall 2009
Answer Key
1. (10 points) Before 1920s there were no tax on cigarettes. After that time a tax of 10 cents per packet was
imposed. How did this tax affect the choice
Quiz 2-Econ 200A
30 points- Time allowed: 24 minutes
Fall 2009
Answer Key
1. a. Explain why individuals have a tendency to smooth out their consumption over time. Use a graph (or
two graphs) to both explain and give an example of this behavior. (10 points
Quiz 1-Econ 200A
30 points- ANSWER KEY
Please write legibly. Illegible writing will result in lost points.
Fall 2009
1. (18 points) Mona purchases a variety of goods and services. Among them, Mona buys entertainment
services by attending concerts. Mona’s
Second Exam-Econ 200A
Fall 2009
90 points
Answer Key
Please write legibly and fully label your graphs. We will deduct points for
illegible writing, unclear explanations, and unlabeled or mislabeled graphs.
1. (18 points)
a. (8 points) During winter 2007,
First Exam-Econ 200A
Fall 2009
90 points- Maximum of 1 hour and 15 minutes allowed
Answer Key
1. (20 points) Jackson has the following MV schedule for steaks per month
Q
1
2
3
4
5
6
MV($)
30
25
20
15
10
5
a. The steak restaurant close to his house sells s
Econ 200 AD/AI quiz section notes
Sui Luo/Fall 09
Econ200 AD/AI
Notes for quiz section on Nov.18
Nov.18
1. Productivity, marginal cost and production possibilities frontier.
Productivity—the amount a producer can produce with certain resources.
If one can
ECON 200 Midterm 1 Review Sheet
The following are the topics and concepts that could show up on the midterm. Just because we didn't
have a quiz question about a topic, it doesn't mean that it won't show up on the midterm.
Chapter 1
• Opportunity cost
ECON 200 Homework 5 Answer key
Due Thursday, 2/4/10
1. Explain why the total cost of producing a certain amount of goods is lowest when the marginal costs of
all producers are equal. Use a graph where there are 2 producers of a good.
When all pr
ECON 200 Homework 5
Due Wednesday, 2/4/10
1. Explain why the total cost of producing a certain amount of goods is lowest when
the marginal cost of all producers. Use a graph where there are 2 producers of a
good.
2. Explain what we mean when
Practice problems for Quiz 5 (Held on
Monday, Nov. 30):
“Review Questions” of Ch. 7: Nos.1-2
“Problems” in Chapter 7: no. 1
Extra Problems to do:
1. Define the concepts of MPL, APL, and total product of labor. Why does the
MPL fall as output increases?
2.
Syllabus
• Me: Prof. Chiu
Office: Bagley 204
E-mail: chiu@chem.washington.edu
office hours: Tues:4-5pm & Fri:10:3011:30am
TA Office Hours
Will be posted on course website:
http:/depts.washington.edu/chemcrs/course_in
dex.cgi?bulkdisk/chem152A_win10
• Lead
ECON 200 Homework 4
Due Wednesday, 1/27/10
1. Jane and Beth are planning on opening a bakery. In a typical day, Jane can make 4
pies and 2 cakes. Beth can make 3 pies or 6 cakes in a day.
a). If they don't coordinate their baking (i.e. each pe
ECON 200 Homework 3 Answer Key
1.
2.
3.
Due Thursday, 1/25/10
As part of the housing the crisis, the government gave all first time buyers an $8000 tax credit,
effectively reducing the cost of all homes to new buyers by $8000 (unless the hous
ECON 200 Homework 3
Due Thursday, 1/25/10
1. As part of the housing the crisis, the government gave all first time buyers an
$8000 tax credit, effectively reducing the cost of all homes to new buyers by
$8000 (unless the house cost under $8000, as i
Econ 200 Homework 2
1. You are trying to reduce the amount you spend in a typical month. When you make a
budget of your expenses, you notice that you spend less on groceries than rent, alcohol,
books or clothes. Since this is the smallest p
Econ 200 Homework 2
1.
You are trying to reduce the amount you spend in a typical month. When you make a budget of your
expenses, you notice that you spend less on groceries than rent, alcohol, books or clothes. Since this is
the smallest portion of
Econ 200 Quiz 2: Answer key
1. Jenny took up knitting and can knit scarves. She usually keeps them for herself and the marginal value schedule
below represents how much value she gets from her scarves. Recently a friend offered to let Jenny sell her sca
Econ 200 Homework 1: Answer Key
Chapter 1 problems
1. Consumers and producers reveal their preferences for goods by consuming and supply goods at
certain prices. If a consumer buys a hamburger for $5, it sends a signal to the suppliers that he is
willing
Econ 200 Homework 1
Chapter 1 problems: 1, 10, 11, 14
Chapter 2 problems: 5
1). For Christmas your parents got you a $50 sweater you’re considering returning.
a). What’s the opportunity cost of keeping the $50.
b). When you go to the store, t
Lecture 3: Intro to Entropy
Reading: Zumdahl 10.1, 10.3 Outline:
Why enthalpy isn't enough. Statistical interpretation of entropy Boltzmann's Formula
Enthalpy and Spontaneous Rxns
Early on in the development of thermodynamics, it was believed that if a
Example
What is q, w, E and H for a process in which one mole of an ideal monatomic gas with an initial volume of 5 l and pressure of 2.0 atm is heated until a volume of 10 l is reached with pressure unchanged?
Pinit = 2 atm Vinit = 5 l Tinit = ? K Pfina
Due Wednesday, 1/27/10
ECON 200 Homework 4 Answer Key
1. Jane and Beth are planning on opening a bakery. In a typical day, Jane can make 4
pies or 2 cakes. Beth can make 3 pies or 6 cakes in a day.
a). If they don't coordinate their baking (i.e. each pers