We aren't endorsed by this school
##### ECON econ102a - Econ 102a - UC Riverside Study Resources
• 5 Pages
• ###### Homework 2 Anwers choic
• Register Now
###### Homework 2 Anwers choic

School: UC Riverside

Course: Econ 102a

Homework 2 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. _ 1. A util represents a unit of measurement for the: a. dollars a consumer spends on a good. b. profit a firm makes from producing a g

• 1 Page
###### Econ_102A_PS3

School: UC Riverside

Course: Econ 102a

Econ 102A Problem Set 3 1.) Show graphically why a lump sum (income) tax is superior to a per unit (sales) tax. 2.) Using the same logic as in 1.) show graphically why a lump sum subsidy is superior to a per unit subsidy. 3.) a.) If the demand curve for a

• 4 Pages

School: UC Riverside

Course: Econ 102a

Econ 102A #1) a) Budget Constraint: Px*X+Py*Y=M Budget Set: cfw_ (X,Y) | Px*X+Py*YM Problem Set 1 Solutions Note that I and M are the same. e) Lets look at the budget constraint. Suppose we double all prices and income. Then the budget constraint becomes

• 2 Pages

School: UC Riverside

Course: Econ 102a

Problem Set 3 Solutions #1) Clearly, the lump sum scheme puts the consumer on a higher indifference curve than the per unit tax. #2) Clearly, the lump sum scheme puts the consumer on a higher indifference curve than the per unit subsidy. 3) a) Q=1/P e=-1/

• 4 Pages

School: UC Riverside

Course: Econ 102a

Problem Set 4 Solutions Econ 102A #1.) Consider a consumer making wage w endowed with T units of time. The consumer can divide his time between working (labor) and playing (leisure). a) Under the assumption that the consumer will spend all of his income o

• 2 Pages

School: UC Riverside

Course: Econ 102a

Econ 102A Problem Set 5 Consider a firm operating in the short run in a perfectly competitive market using a production technology given by F(K,L)=KL . Suppose that the firm is utilizing 100 units of capital input in the short run but the firm can hire an

• 2 Pages
###### Econ_102A_PS6

School: UC Riverside

Course: Econ 102a

Econ 102A Problem Set 6 1. Suppose that the market demand curve is given by Q=100-P. Also, the firms technology is given by Q=f(K,L)=KL . The rental rate on capital is \$10/unit and the wage is \$25. The firm utilizes 5 units of capital in the short run. Th

• 2 Pages

School: UC Riverside

Course: Econ 102a

Problem Set 6 1. Suppose that the market demand curve is given by Q=100-P. Also, the firms technology is given by Q=f(K,L)=KL . The rental rate on capital is \$10/unit and the wage is \$25. The firm utilizes 5 units of capital in the short run. The market s

• 1 Page
###### Econ_201A_PS5

School: UC Riverside

Course: Econ 102a

Econ 102A Problem Set 5 Consider a firm operating in the short run in a perfectly competitive market using a production technology given by F(K,L)=KL . Suppose that the firm is utilizing 100 units of capital input in the short run but the firm can hire an

• 17 Pages
###### Final Review 1

School: UC Riverside

Course: Econ 102a

Review Session I Explanations, Homeworks and Examples. The firm uses a technology to combine capital K and labor L : f K , L . As the firm is rational, it would produce as much as it can : Q f K , L . The technology is featured by certain returns to scale

• 11 Pages
###### Final Review 2

School: UC Riverside

Course: Econ 102a

Production Function, Perfect Competition, Monopoly and Price Discrimination Examples and Graphs Let' s do an example : K 100, r 0.8, w 10,000, Q f K , L K L , 1 Find the Long Run Returns to Scale : f K , L K L f K , L K L 3 2 3 2 1 2 1 2 3 2 1 2 f K , L

• 6 Pages
###### Homework1 presentation

School: UC Riverside

Course: Econ 102a

HOMEWORK 1 GRAPHS AND EXPLANATIONS The Budget Constraint is : M Px x Py y M Px x Py y M Px x Py y The Budget Set is : B x, y M Px x Py y Y M Py A B C M Px x y Py Py P Slope x . Py M y Then Vertical Intercept Py M Horizontal Intercept x Px M 2 Py Slope

• 23 Pages
• ###### Homework 2 for discussion section
• Register Now
###### Homework 2 for discussion section

School: UC Riverside

Course: Econ 102a

HOMEWORK 2 ANSWERS AND EXPLANATIONS A util represents a unit of measurement for the: dollars a consumer spends on a good. No, that is measure with total expenditure profit a firm makes from producing a good. No, that is not relevant to the consumer way a

• 8 Pages
• ###### homework 4 presentation
• Register Now
###### homework 4 presentation

School: UC Riverside

Course: Econ 102a

HOMEWORK 4 Graphs and Explanations T n n T pC wn wT C w T C T w w p p p Consumption w T p w p Leisure * T Leisure Work Reduction in Wages: 1. Substituion Effect: Opportunity cost of leisure goes down, more demand more leisure 2. Income effect Income

• 2 Pages
• ###### Mid-term practical question
• Register Now
###### Mid-term practical question

School: UC Riverside

Course: Econ 102a

Practical question for midterm 1) The utility function for a consumer is given by U(X, Y) =XY. The price of goods X and Y are \$5. The consumer has \$200 of income. Hint you have to use first derivative to get MRS =MUx/MUy. a) Derive the demand bundle (X*,

• 1 Page
###### Econ_102A_PS1

School: UC Riverside

Course: Econ 102a

Summer 2009 / Econ 102A / Homework 1 / Due in Class Q1. Consider an economy with two goods X and Y with respective prices PX and PY. The consumer has M dollars of income. (a) Write down the consumers budget constraint. Write down her budget set. (b) Draw

• 14 Pages
• Register Now

School: UC Riverside

Course: Econ 102a

MID-TERM EXAM - CHAPTERS 1-8 Name: _ Date: _ Section 1 15 points MATCHING 5 Points Match the items below by entering the appropriate code letter in the space provided. A. CPA F. Corporation B. Budgeting G. Assets C. SEC H. Equities D. Proprietorship I. Ex

##### Q&A
These Q&As are related to this course’s subject matter.