sep07_Article2 8/17/07 4:29 PM Page 629
Journal of Economic Literature
Vol. XLV (September 2007), pp. 629685
Vertical Integration and Firm
Boundaries: The Evidence
FRANCINE LAFONTAINE AND MARGARET SLA
ISE KBTU
Fall 2013
AP Microeconomics
Lecture 4: Consumer and
producer surplus
9/17/2014
1
Efficiency: A Refresher
An efficient allocation of resources occurs
when we produce the goods and services th
ISE, KBTU
Fall 2014
AP Microeconomics
Lecture 6: Production, costs
and profits
9/30/2014
1
The Role of the Firm
In the supply process, people offer their factors of
production, such as land, labor, a
AP Microeconomics
Monopoly
MSc R. Galyamov
Monopoly assumptions
1
sells to many
Blocked entry to market
E.g. license, technology, patent, rare resource,
economies of scale
No
close subsitutes (brand
ISE KBTU
Fall 2014
Midterm Remarks
10/20/2014
1
At the exam
Attention is the key
Be calm and answer the right
question
Notice all numbers, values & letters
you may need to use them
Write explicit
ISE KBTU
Fall 2014
AP Microeconomics
Lecture 9: Monopolistic
Competition
11/15/17
1
Monopolistic Competition And
Oligopoly
On any given day, you are probably
exposed to hundreds of advertisements
Ad
Monopoly, Monopolistic
Competition, and Oligopolies
A Review
Efficiency
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Consumer Surplus
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Producer Surplus
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Q
Monopoly
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SMC
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LATC
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ACC021
Assignment/ Quiz
Name of student: Yingzhe Hong
Score: -
Q No.1:- What is the difference between financial accounting and managerial accounting?
Financial accounting focuses on information for e
ACC001
Final Quiz
Name of student: -
Time:
Score: -
Q No.1:- Explain the accrual basis of accounting and apply the revenue and matching principles to measure
income.
Q No.2:- We take our final look at
1.1 The role of accounting is to collect and process financial information; the information is
reported to decision makers. The process of accounting is to record estimated bad debts
adjustment and to
Zhejiang University of Technology
Zhejiang University of Technology
International Summer Session
ECON245: Descriptive Statistics & Probability
Term: June 6th - July 2nd, 2016
Professor: Pending
Total
Multiple Choice (5 points each): For each of the following, select the single most appropriate
option to complete the statement.
1) The following will not cause correlation between X and u in the simp
NAME:
Final Exam
1. A continuous random variable X has the probability density function
0,
x<1
hx h, 1 x 2
f (x) =
3h
hx, 2 x 3
0,
x>3
which can be graphed as
(a) Find h which makes f (x) a valid pro
NAME:
MIDTERM
1. There is a deck of 15 cards numbered 1 through 15.
(a) If you draw 5 cards from the deck without replacement, what is the probability
that your hand will contain the cards 10 and 13?
Home Work
1. A coin is tossed 4 times. We use H to denote heads and T to denote tails. For instance,
HTHH means we got the sequence heads, tails, heads, heads.
(a) Write down the elements of the sampl
HOMEWORK #2
1. Find the number of outcomes in the sample space in each of the following cases.
(a) A drug for asthma is manufactured by 3 different companies in liquid, tablet and
capsule form, all of
Problem Set #1
1. You are given the following information regarding the joint distribution of X (the age of a person) and Y
(the number of days they choose to spend at Saylorville Lake).
Values of X
2
1. Let Y be a Bernoulli random variable with success probability P r(Y = 1) = p, and let Y1 , . . . , Yn be i.i.d.
draws from this distribution. Let p be the fraction of successes (1s) in this sample.
1. cfw_Expected value calculation, discrete random event
Suppose you have a coin that lands on Heads with probability 0.6. Where the random variable X
is the sum of two coin flips, (where heads count
Zhejiang University of Technology
Zhejiang University of Technology
International Summer Session
ECON300: Elementary Econometrics
Term: June 6th - July 2nd, 2016
Professor: Pending
Total contact hours
QUIZ # 1: ECON 330
Name: Yingzhe Hong
1. Discuss the functions of a Central Bank
First of all, the Central Bank issues currency. It has control over the volume and credit of
the currency. Secondly, it
ECON330 MID TERM
1. Discuss Open Market Operations in detail.
Open Market Operation is when the Central Bank regulates the liquidity of the
currency by selling or buying government securities. Buying
Zhejiang University of Technology
Zhejiang University of Technology
International Summer Session
ECON330: Money and Banking
Term: June 6th - July 2nd, 2016
Professor: Pending
Total contact hours: 54 h