QUESTION CHP 2
1. The table below shows the retail price and sales for instant coffee and
roasted coffee for 1997 and 1998.
Retail Price of
Sales of
Retail Price of
Sales of
Instant Coffee
Instant Cof
EXERCISE 2
1. Suppose the demand curve for a product is given by Q = 10 2P + PS, where P is the price
of the product and PS is the price of a substitute good. The price of the substitute good is
$2.00
14. The table below shows the marginal utility a costumer would get by purchasing various
quantities of A, B, and C. The product prices for A, B, and C are $3, $2, and $1 respectively.
The consumer ha
EXERCISE 1
4. What economic forces explain why the real price of eggs has fallen while the
real price of a college education has increased? How have these changes affected
consumer choices?
5. Suppose
1. George has $5000 to invest in a mutual fund. The expected return on mutual
fund A is 15 percent and the expected return on mutual fund B is 10 percent.
Should George pick mutual fund A or fund B?
2
EXERCISE 6
7. The marginal product of labor in the production of computer chips is 50 chips
per hour. The marginal rate of technical substitution of hours of labor for hours of
machine capital is 1/4.
EXERCISE 4
7. The director of a theater company in a small college town is considering
changing the way he prices tickets. He has hired an economic consulting firm to
estimate the demand for tickets.
EXERCISE 7
1. A firm has a fixed production costs of $5,000 and a constant marginal cost of production of equal to
$500 per unit produced.
a. What is the firms total cost function? Average cost?
b. If
EXERCISE 9
1. What is meant by deadweight loss? Why does a price ceiling usually result in a
deadweight loss?
2. Suppose the supply curve for a good is completely inelastic. If the government
imposed
Concepts and Operational
Definitions
Theoretical Assumptions
Concepts can be:
One dimensional and have only one value. (For example if you only
interview women, gender = women).
Some concepts have mu
Private
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II.
The basic content of private enterprise.
Private enterprise Ha Minh Anh.
Definition
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Essentials of Organizational Behavior, 12e, Global Edition (Robbins/Judge)
Chapter 6 Individual Perception and Decision-Making
1) _ is the process by which individuals organize and interpret their sen
EXERCISE CHP 8
1.
Suppose you are the manager of a watchmaking firm operating in a
competitive market. Your cost of production is given by C = 200 + 2q 2, where q is
the level of output and C is total