Sample exercises and solutions: Class 3B In The Long Run
1) Suppose a carbon taxor the imposition of carbon credit tradingsignificantly raises the price
of electricity this year.
a. In the very near term (next few months), how would residential and commer
Sample exercises and solutions: Class 5 Pricing in a monopolistic market
1) Johnstown Tool & Dye faces inverse demand for its industrial sealant of = 100
a. Plot revenue as a function of quantity: using Excel, construct a graph of revenue for all
quantit
Practice Problems:
3rd degree pricing discrimination
Problem #7. They have already done half the work, but calculate the MR yourself, starting with the
demand curves. Reference the class slides, if you get stuck. Dont just calculate P and Q, but calculate
Guided Study for Demand Curves
Have you already tried to answer these questions yourself before opening this file?
Please dont do that. It will significantly decrease the benefit of this exercise. It is the easy way out,
but will make understanding harder
Chad Meyer
Financial Accounting
MGM Mirage
1. The Net book value of their long-term debt is $11,175,229. They will not be
paying any current debt based on note 11.
2. Their net book value of long-term debt at the end of 2007 is lower than its face
value b
Sample exercises and solutions: Class 4 Market Failure
1) Suppose the production of textiles causes air pollution, which is a negative externality. We will
consider a pollution tax and a cap-and-trade system.
a. Draw a supply and demand graph of this indu
Microeconomics midterm exam solutions
Each question is written on its own sheet(s), with a space at the bottom for
you to fill in the correct answer. Please put your answer in this space and
make sure you have answered all stated questions.
If you need mo
Managerial Economics 1 Midterm Exam
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m
Microeconomics midterm exam
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Microeconomics midterm exam
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Sample exercises: Class 2 Supply & Demand, Prices, Taxes, Subsidies
1) Demand for lacrosse helmets is given by 100 2
a. If the price is $20, how many helmets will consumers purchase? What if the price is
$40?
b. What is consumer surplus in each case?
Practice Problems:
Ski pass pricing discrimination
Problem #4. After doing a and b. Consider:
c) what is the minimum that Sams Pizza would charge for the option in b?
d) must Sams Pizza charge for each Pizza at cost? Does it make sense that they should? I