Statistics Midterm
When calculating variance, make sure to subtract the mean and square each number then
divide by n - 1.
IQR is Q3 - Q1 To find outliers, multiply IQR by 1.5 and calculated Q1 - ans a
Chapter 8
of Taxation
8
APPLICATION:THECOSTSOF
TAXATION
Problems and Applications
1. a. Figure 3 illustrates the market for pizza. The equilibrium price is P1, the equilibrium
quantity is Q1, consumer
Chapter 10
Externalities
10
EXTERNALITIES
Problems and Applications
1. The Club conveys a negative externality on other car owners because car thieves will not
attempt to steal a car with The Club vis
16
stic Competition
MONOPOLISTIC
COMPETITION
Problems and Applications
1. a. Tap water is a perfectly competitive market because there are many taps and the
product does not differ across sellers.
b.
Chapter 7:
4. Given the following equations two equations:
1) Total Surplus = Consumer Surplus + Producer Surplus
2) Total Surplus = Value to Buyers - Cost to Sellers
Show how equation (1) can be used
w
2
THINKINGLIKEANECONOMIST
Problems and Applications
1. See Figure 5; the four transactions are shown.
Figure 5
1
2Chapter2/ThinkingLikeanEconomist
2. a. Figure 6 shows a production possibilities fro
Chapter 9: Application: International Trade
I.
Comparative Advantage and The World Price
II.
The Small Economy Assumption
III.
Analysis of trade: Effects of An Exporting Country
IV.
Analysis of trade:
CEE 101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 15
1
CEE 101S/201S
Lecture 15
More on solving ODEs
Review and continuation of solving IVPs in
Matlab
Example: The
ProblemsandApplications
1. a. In Figure 3, with no international trade the equilibrium price is P1 and the equilibrium
quantity is Q1. Consumer surplus is area A and producer surplus is area B + C, so
r 11
11
PUBLICGOODSAND
COMMONRESOURCES
Problems and Applications
1. a. (1) Police protection is a club good because it is excludable (the police may ignore
some neighborhoods) and not rival in consump
12
THEDESIGNOFTHETAX
SYSTEM
Problems and Applications
1. The federal government had a budget deficit in 2010. Policymakers expect budget
deficits over the next decade.
2. a. The increase in revenue of
13
THECOSTSOFPRODUCTION
Problems and Applications
1. a. opportunity cost; b. average total cost; c. fixed cost; d. variable cost; e. total cost; f.
marginal cost.
2. a. The opportunity cost of somethi
14
FIRMSIN
COMPETITIVEMARKETS
Problems and Applications
1. a. As shown in Figure 3, the typical firm's initial marginal-cost curve is MC1 and its
average-total-cost curve is ATC1. In the initial equil
Chapter 8: Application: The Costs of Taxation
I.
The Efficiency Effects of a Tax
II.
Determinants of the Deadweight Loss
1.
Size of the Tax
2.
Elasticity
III.
How Big Should the Government Be?
IV.
The
Chapter 7: Consumers, Producers, and Efficiency of Markets
I.
Welfare Economics
II.
Consumer Surplus
III.
Producer Surplus
IV.
Total Surplus
V.
The Markets Allocation of Resources
VI.
Efficiency
VII.
CEE101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 6
CEE 101S/201S
Lecture 6
More on Anonymous functions
More on defining and using functions
In-class exercise
Usin
3
INTERDEPENDENCEANDTHE
GAINSFROMTRADE
Problems and Applications
1. a. See Figure 2. If Maria spends all 5 hours studying economics, she can read 100
pages, so that is the vertical intercept of the pr
CEE101S/201S
Science & Engineering
Problem-solving with
Matlab
Summer 2013
Lecture 7
CEE 101S/201S
LAST TIME
Functions
Via m-file
Anonymous function at command line
Function handles (ease readabil
4
THEMARKETFORCESOF
SUPPLYANDDEMAND
Problems and Applications
1. a. Cold weather damages the orange crop, reducing the supply of oranges and
raising the price of oranges. This leads to a decline in th
5
ELASTICITYANDITS
APPLICATION
Problems and Applications
1. a. Mystery novels have more elastic demand than required textbooks, because mystery
novels have close substitutes and are a luxury good, whi
7/18/13
Image Processing with
MATLAB
CEE 101S/201S
Summer 2013
Tracy Mandel
Todays plan
Working with images
Reading, showing, wriEng
Grayscale + color (RGB)
Specic
6
SUPPLY,DEMAND,AND
GOVERNMENTPOLICIES
Problems and Applications
1. If the price ceiling of $40 per ticket is below the equilibrium price, then quantity demanded
exceeds quantity supplied, so there wi
21
THETHEORYOF
CONSUMERCHOICE
Problems and Applications
1. a. Figure 10 shows the effect of the frost on Jennifer's budget constraint. Because the
price of coffee rises, her budget constraint swivels
Chapter 10: Externalities
I.
What is an Externality?
II.
Efficiency Effects of Externalities-Why Externalities Make
Market Outcomes Inefficient
1.
2.
III.
Public Policies Toward Externalities
1.
2.
IV