Summer 2006
Econ 2100 Exam 2 Form A
Prof. Chul Chung
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the
question.
1) By reducing its output compared to a comp
Summer 2006
Econ 2100 Exam 3 Form O
Prof. Chul Chung
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the
question.
1) In the short run 1) _
A) a firm's plant s
Frank Chapter 9 (Blue Book) 1. Firm: profits. that takes input, provides output, maximizing
2.
: Period of time where one or more factors' quantities are fixed and one or more factors' quantities ar
Frank Chapter 9 (Blue Book) K=4 q = 4K1/2L1/4
What is the Short Run Production Function? What is the Short Run Average Total Product of Labor? What is the Short Run Marginal Product of Labor? What is
Question #1
Assume this years values represent next years values
Question #2
Assume this years values represent next years values
Question #3
Question #4
Question #5
Question #6
Assume this years valu
Fall 2010 Quiz #10
ECON 3150 A and Z
Read each question very carefully before beginning.
You may use a calculator and a 3x5 note card with formulas written on it
Honor code pledge
I signify that I hav
Spring 2005
Econ 2100 Exam 4 Form O
Prof. Chul Chung
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the
question.
1) The circular flow diagram shows 1) _
A) h
Exam
Name_
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) The fact that wants cannot be fully satisfied with available resources reflects the
Frank Chapter 11 (Blue Book) Starting with the production function, q = L1/3K2/3, answer the following four questions
1. Suppose K = 27, wages are $9 and the opportunity cost of capital (price of cap
Write your real name on the back of the test below the paperclip. E-Mail:
Code Name Here:
Write only on the front of the page. Only legible writing will be considered for points. Circle all answers.
Frank Chapter 10 (Blue Book)
1.
Which letter corresponds to the minimum average cost?
2.
Which number corresponds to the fixed costs?
3. costs?
Which letter corresponds to the intersection of th
Frank Chapter 9 (Blue Book)
1.
Which letter corresponds to the minimum average cost?
2.
Which letter corresponds to the fixed costs?
3. costs?
Which letter corresponds to the intersection of the
Frank Chapter 9 (Blue Book)
If your factory has a production function defined as q = f(K,L) and it operates in Knightian Stage I for labor, what Knightian Stage are you in for Capital?
Short Run:
P
Frank Chapter 10 (Blue Book) 1. Identify, define, and give three examples of the three kinds of production inputs.
1) Types of Costs a) Capital i) Accounting (1) Depreciation, or (2) Mortgage Payment
Frank Chapter 9 (Blue Book) q = 4K1/2L1/4
What is the Long Run Production Function? What is the Long Run Average Total Product Function of Labor? What is the Long Run Marginal Product Function of Lab
Write your code name on the back of this top corner of the last page. E-Mail:
Real Name Here: When you are through, fold your papers lengthwise and print your name on the top right hand corner of the
1. Assume a competitive market in the short run for a firm's products. Assume a standard cost function. On three blank pieces of white paper provided, draw three graphs. On the first graph, draw the m
Frank Chapter 10 (Blue Book)
1. Which letter corresponds to the inflection point on the total production function?
2. Which letter corresponds to the peak output on the total production function?
3.
Spring 2006 Midterm ECON 3150 A Write your code name on the back of the test just below the paperclip.
Write only on the front of the page. Only legible writing will be considered for points. Write a
Frank Chapter 11 (Blue Book) a) The competitive model i) Foundation of all other models (1) All other economic models are the results of exceptions to the assumptions of the competitive model ii) Assu
Frank Chapter 10 (Blue Book) Assume the production function q = 16K.5N.25 represents a family farm. In this case, the family owns acres of land (N) that it can farm or rent each year. The rental rate
Frank Chapter 10 (Blue Book) Assume the production function q = 16K.5N.25 represents a family farm. In this case, the family owns acres of land (N) that it can farm or rent each year. The rental rate
Frank Chapter 10 (Blue Book) Starting with the production function, q = L1/3K2/3, answer the following questions 1. Suppose K = 8, wages are $4 and the opportunity cost of capital (price of capital) i
ECON294 Microeconomics
Online Class Timothy Hamilton
Rzlyn Blakemore
One entrepreneur that I conceded to be a legend amongst African American
women is Madam C.J. Walker. I chose to write about her bec