1. Which of the following are economic goods? Explain why each is or is not an economic good.
a. Steaks Yes, because an economic good refers to any item (goods and services) that
costs something (i.e.
Mathematical Foundations
-1-
Maximization
Basics of constrained maximization
A. Constrained Optimizationan intuitive approach
B. Convex sets and concave functions
C. Sufficient conditions for a maximu
JohnRiley
18September2009
Econ 200 Diagnostic Test
Time allowed: 90 minutes. Attempt all three questions. Note that the last two parts of questions 2
and 3 are marked with an asterisk (*). These do no
Mathematical Foundations
-1-
Maximization
Basics of maximization
A. Differentiating a function of a function
B. Necessary Conditions
C. Maximization when the decision vector must be positive
John Ril
John Riley
Summer/Fall 2011
16 September
Econ 200 Mathematical Foundations Quiz
Time allowed: 2 hours
It is very important to attempt all three questions. Please note that the final part of each quest
Group Member Review Survey
1. How effectively did the team work together on stock market project? (Please put only 1
check.)
_ Poorly
_ Adequately
_ Well
_ Extremely Well
2. How effectively did the te
Sole Proprietor Interview Questions
Background
1. Where are you from? When did you come to the U.S.?
2. What is your educational background?
3. What award(s) are you most proud of?
4. How long have yo
2011310655 Kim, Young Hwan
Problem set #1
Due by Mar. 22 (Wed.) and hand in after class
1.
In 1900, GDP per capita (measured in year 2000 dollars) in Japan was $1433. In
year 2000 it was $23971. Calcu