HOMEWORK #1
ECO203
Name: Hanna Dennis
A. Cecen
PRINT THIS PAGE AND WRITE YOUR NAME. Type all your answers. If you cannot draw the
graphs on the computer, draw them by hand.
Question I: Briefly explain
ECONOMICS 203
Homework #3
Prof. A. Cecen
Name_
Type your homework assignment. Label your graphs (you may draw your graphs by hand).
ATTACH THIS PAGE TO YOUR HW. AS A COVER PAGE; PRINT YOUR NAME
1. A.
Homework #2
ECO203
Name _
Prof. A Cecen
Print the HW: Circle the correct answer (5 pts each question).
1.
Which of the following best represents the effect of an increase in the price of beef,
ceteris
Karl Marx & Revolutionary
Socialism/Communism
Lecture 15
Lecture 16 Revolutionary Socialism
I. Karl Marx Background
II. Communist Manifesto (1848)
III. Marxs Critique of Capitalism
A. Marxs Favorite C
Lecture 14: The Rise and Fall of Utopian
Socialism/Communism
Different Kinds of Socialism
Utopian Socialism (1820s to 1860s)
Religious based Utopian Socialism
Revolutionary Socialism (Communism)
M
Classical Economics:
Optimists & Pessimists
Lecture 12
Four supplemental readings are
on blackboard. All required.
Lecture 12: Classical Economists
Optimists and Pessimists
I. Adam Smiths Growth Theo
Lecture 14 Supplement
Jean-Jacques Rousseau
All Utopian Socialists
(Romantics) had a Common
Source:
Jean-Jacques Rousseau
(1712-1778)
(wrote before Adam Smith)
John Locke
Pursuit of happiness
Right
Name _April 24, 2017
Economics 110
Reading Quiz 11 Rousseau
True-False: on Jean-Jacques Rousseau
_ 1.
Rousseau was the first professional intellectual.
_2.
Rousseau believed that modern society and ma
Name _
April 26, 2017
Economics 110
Utopian Socialism Quiz
True and False
_F_ 1. Utopia actually refers to an actual place where Thomas More visited.
_F_2. Most utopian socialists wanted strong famili
4
Exercises
Problem 4.1. Kid Sam liked to eat cheese (x1 ) and crackers (x2 ) for lunch. Presume that each could be purchased
individually at the school cafeteria and that a slice of cheese costs p1 =
11
Exercises
Problem 11.1. Complete 11.1 from the text.
Problem 11.2. Given the production function q = lk + k 2 and initial prices cfw_p = 1, w = 20, v = 40 identify the
substitution effect and quant
13
Exercises
Problem 13.1. Here we will examine how increasing the endowment of a good can benefit someone who must trade
for that good.
Solve the following endowment economy for (x1 , y1 , x2 , y2 ,
Spring 2014, ECO 616: Final Exam
You have 110 minutes to complete the following 3 questions. The point values should serve as a guide as to how
long to spend on each question. The exam is out of 90. B
13
Exercises
Problem 13.1. Here we will examine how increasing the endowment of a good can benefit someone who must trade
for that good.
Solve the following endowment economy for (x1 , y1 , x2 , y2 ,
15
Exercises
Problem 15.1. Suppose that each firm in a given market has costs of c(q) = c q and inverse market demand is
P = a bQ such that a, b, c > 0.
(a) Interpret each parameter a, b, and c. What
10
Exercises
Problem 10.1. Complete 10.3 from the text.
Solution 10.1. See Book Solutions.
Problem 10.2. For each of the following production functions,
Does the production function exhibit decreasin
Fall 2011, ECO 616: Exam 2
You have 75 minutes to complete the following 2 questions. The point values should serve as a guide as to how
long to spend on each question. The exam is out of 75.
Problem
5
Exercises
Problem 5.1. Lets revisit Kid Sam. He liked to eat cheese (x1 ) and crackers (x2 ) for lunch and each could be
purchased individually at the school cafeteria. A slice of cheese costs p1 =
3
Exercises
Problem 3.1. Graph two typical indifference curves labeling them with their utilities for the following utility functions.
Find the marginal utilities for each. Find the marginal rate of s
Spring 2014, ECO 616: Exam 1 Key
You have 75 minutes to complete the following 2 questions. The point values should serve as a guide as to how
long to spend on each question. The exam is out of 75.
Pr
14
Exercises
Problem 14.1. Given a monopolist faces market demand
Qd = 70 p
(a) If the firms costs are given by c(q) = 6q, what is the profit maximizing output level, price, and profits?
(b) If the fi
12
Exercises
Problem 12.1. Solve the following short run perfect competition model:
Let there be M identical consumers with utility over goods x and y. Let each consumer have the same endowed
income I
2
Exercises
Problem 2.1. Find the first and second derivatives for the following functions:
1. f (x) = 14
2. f (x) = x8
3. f (x) = 6x4
4. f (x) = x2
5. f (x) = x3 + 3x1
6. f (x) = 3x2 ln x
7. f (x) =
19
Exercises
Problem 19.1. In this problem we will examine a situation I had when I cohabited a house with my landlord. In his
house, the food was considered at joint expense. At the end of the month,
3
Exercises
Problem 3.1. Graph two typical indifference curves labeling them with their utilities for the following utility functions.
Find the marginal utilities for each. Find the marginal rate of s
12
Exercises
Problem 12.1. Solve the following short run perfect competition model:
Let there be M identical consumers with utility over goods x and y. Let each consumer have the same endowed
income I