Econ 102
Tutorial Week 5
Geraint Johnes
1. John Jones owns and manages a caf whose annual revenue is 5,000. The
annual expenses are as in the table below.
Expense
Labour
Food and drink
Electricity
Vehicle lease
Rent
Interest on loan for equipment
a.
2,000

Econ 102
Tutorial Week 6
In problems 1-3, state whether the statements are true or false and explain why.
1. a. In a perfectly competitive industry the demand curve is horizontal, whereas for a
monopoly it is downward sloping.
b. Perfectly competitive fir

Econ 102
Tutorial Week 4
1.
A price-taking firm makes air conditioners. The market price of one of their new
air conditioners is 120. Its total cost information is given in the table below.
Air conditioners per day
Total cost ( per day)
1
2
3
4
5
6
7
8
10

Alao
Amir
Economie : Epreuve compose
Partie 1
1) La loi des rendements dcroissants est un principe instaur par
lconomiste Ricardo. Selon lui, lorsque les moyens de
production augmentent, au fur et mesure du temps, le
rendement que lon obtient devient de m

Lecture 2 Rules of Exponents
This process of using exponents is called "raising to a power", where the
exponent is the "power". The expression "53" is pronounced as "five,
raised to the third power". So "53" is commonly pronounced as "five
cubed.
22 "two

Lecture 4 Introduction to Calculus and The First Rule Of
Calculus
Calculus is simply a method of determining how a variable
changes for an infinitesimally small change in another variable.
Consider first the linear relationship between two variables , y
a

Lecture 3 Rules of Logarithms and the exponential e
Mico economists and macroeconomist often specify models as
been log linear in form that is where variables are defined in
terms of logarithms. This sometimes better captures the
relationship between vari

Econ 102
Tutorial Week 3
David Rietzke
Required Questions
1. Dimethylpolysiloxane is a chemical used in the U.S. to produce various items
sold by fast food restaurants, like McDonalds. Graphically illustrate and
explain what would happen in th

Econ102 Week 12 Test
Time allowed: 50 minutes
Answer all questions
1.
Consider an ultimatum game in which Amelia initially has 100 coins (each of value 1) and
makes Beatrice an offer to share the coins. If Beatrice accepts the offer, the offer stands, but