Please provide the correct choice and a BRIEF explanation for your choice. If the question is quantitative, just
show your computations.
1. The Interior Department recently announced that it will increase the entrance
fees at Yellowstone National Park in
Mathematical Economics - Exam 2 (Spring 2015)
Instructions: In all proofs and analytical problems, be thorough, be careful and be sure to explain each
step. Often, when an error is made, partial credit depends on whether I can follow the reasoning. The
to
Mathematical Economics - Exam 2 (Fall 2015) answer key
Instructions: In all proofs and analytical problems, be thorough, be careful and be sure to explain each
step. Often, when an error is made, partial credit depends on whether I can follow the reasonin
Mathematical Economics - Exam 2 (Fall 2015)
Instructions: In all proofs and analytical problems, be thorough, be careful and be sure to explain each
step. Often, when an error is made, partial credit depends on whether I can follow the reasoning. The
tota
Mathematical Economics - Exam 1 (Spring 2015)
Instructions: In all proofs and analytical problems, be thorough, be careful and be sure to explain each
step. Often, when an error is made, partial credit depends on whether I can follow the reasoning. The
to
Mathematical Economics - Exam 1 (Fall 2015)
Instructions: In all proofs and analytical problems, be thorough, be careful and be sure to explain each
step. Often, when an error is made, partial credit depends on whether I can follow the reasoning. The
tota
Mathematical Economics - Exam 1 (Fall 2015)
Instructions: In all proofs and analytical problems, be thorough, be careful and be sure to explain each
step. Often, when an error is made, partial credit depends on whether I can follow the reasoning. The
tota
ANSWER Key for Homework Exercise 2
Multiple Choice (10 points total)
1. D
2. D
3. D
4. A
5. D
Fill-in-the-Blank (24 points total)
1.
2.
3.
a.
increase
b.
decrease
a.
supply
b.
decrease
a.
2,000
; 1.00
b.
2000
; 0.30
c.
0.50 ; 4,000
d.
shortage; 2,800
1
Definition of economics
study of how human beings coordinate their wants and desires, given
the decision-making mechanisms, social customs, political realities of that
society.
Explicit Costs - Monetary opportunity costs of using market supplied
resourc
Homework Exercise 2
ECO6005: Economic Concepts
Please turn in ONLY the Answer Sheet
Multiple Choice (2 points each)
1. Which of the following would lead to a DECREASE in the demand for tennis balls?
a. An increase in the price of tennis balls
b. A decreas
Homework Exercise 1
ECO6005: Economic Concepts
Please turn in ONLY the Answer Sheet
Multiple Choice (2 points each)
1. A risk premium
a. is subtracted from the discount rate when calculating the present value of a future stream of
risky profits.
b. accoun
Homework Exercise 4
ECO6005: Economic Concepts
Submit homework online through Canvas
Multiple Choice (2 points each)
Fill in the missing values and answer questions 15.
Average
Total
Cost
Total
Fixed
Cost
Total
Variable
Cost
Fixed
Cost
Variable
Cost
Total
ECON 303
Test 1, 100 points
Fall 2005
Answer all questions
1. The Tire-Iron Corporation has fouled the Chesapeake Bay with its emissions of
Scrap Iron Particles. The EPA has estimated the following costs and benefits of
removing the emission build-up from
Homework Exercise 3
ECO6005: Economic Concepts
Please turn in ONLY the Answer Sheet
Multiple Choices (2 points each)
1. The cross-price elasticity of demand between goods X and Y
a. measures the responsiveness of the quantity of X demanded to changes in t
Mathematical Economics - Exam 2 (Spring 2015) answer key
Instructions: In all proofs and analytical problems, be thorough, be careful and be sure to explain each
step. Often, when an error is made, partial credit depends on whether I can follow the reason