FACULTY OF BUSINESS AND ECONOMICS
DEPARTMENT OF ACCOUNTING AND CORPORATE GOVERNANCE
ACCG100
WORKSHOPSOLUTIONSdueWeek3
Financialstatementsandaccounting
assumptions
Discussion Question 2.6
Discuss the s
FACULTY OF BUSINESS AND ECONOMICS
DEPARTMENT OF ACCOUNTING AND CORPORATE GOVERNANCE
ACCG100
WORKSHOP SOLUTIONS due Week 11
AccountingforretailingandinventoryI
Discussion Question 6.3
Discuss how gross
ECON204 MACROECONOMIC ANALYSIS; SESSION 1, 2014
Question 1
Markups
Suppose that the firms markup over costs is 10%. The (medium-run) wage-setting
equation is W=P(1-u), where u is the unemployment rate
ECON309 Solutions to Lecture 7 Problems
1. (PRN Chapter 10, Q4)
Note: Suppose that a consumer travels one mile to go to a store. Since the consumer needs
to return home after purchase, it will cost he
1.
A university has determined that its stu-
dents fall into two categories when it comes
to room and board demand. University plan-
ners call these two types Sleepers and Eaters.
The reservation pric
List three markets that you think are imper-
fectly competitive. Explain your reasoning.
Explain why a perfectly competitive mar-
ket does not reect a setting of strategic
interaction. 3.
Suppose that
Question 1
AS-AD model and monetary policy
Consider the following model of the economy:
Wages are determined by the following equation W = Pe (2.5 - 10u)
Price is determined by the following equatio
ECON204 MACROECONOMIC ANALYSIS; SESSION 1, 2014
Tutorial for Week 9 on Topics 7 and 8
Question 1
Suppose that the economys production function is
and that the saving rate (s) is equal to 10% and that
FACULTY OF BUSINESS AND ECONOMICS
DEPARTMENT OF ACCOUNTING AND CORPORATE GOVERNANCE
ACCG100
WORKSHOP SOLUTIONS due Week 9
Adjustingentriesandpreparingfinancial
statements
Discussion Question 4.3
Durin
FACULTY OF BUSINESS AND ECONOMICS
DEPARTMENT OF ACCOUNTING AND CORPORATE GOVERNANCE
ACCG100
WORKSHOP SOLUTIONS due Week 7
Ethics
Discussion Question 1.9
Ethical conduct on the part of a business is es
In Tuftsville, everyone lives along Main
Street, which is 10 miles long. There are
1,000 people uniformly spread up and down
Main Street, and every day they each buy
a fruit smoothie from one of the t
ECON204 MACROECONOMIC ANALYSIS; SESSION 1, 2014
Question 1
Nontraditional macroeconomic policy: financial policy and quantitative easing
Consider the economy described in Figure 99 in the textbook, an
ECON204 MACROECONOMIC ANALYSIS; SESSION 1, 2014
Question 1
Suppose that the Phillips curve is given by
where
Also, suppose that is initially equal to zero.
a. What is the natural rate of unemployment
ECON204
MACROECONOMIC
SESSION 1, 2014
ANALYSIS;
Question 1
Nontraditional macroeconomic policy: financial policy and quantitative easing
Consider the economy described in Figure 9 9 in the textbook, a
Chapter 6 Production
7. The marginal product of an input is
1. A production function defines the output that can be produced
a.
b.
c.
a.
d.
in a given time period if no additional inputs are hired.
e.
Chapter 2 The basics of Demand and Supply
7. The price of good A goes up.
a.
1. A supply curve reveals
a.
b.
c.
d.
the quantity of output consumers are willing to purchase at each possible market pric
For problems 1, 2. 3, and 4 consider a market
containing four identical rms, each of which
makes an identical product, The inverse demand
for this product is P = 1m Q. where P is
price and Q is aggreg
ECON309 Industrial Organisation
Lecture 10
1
Lecture Outline
1. Horizontal mergers
Horizontal mergers and the merger paradox
Merger and cost synergies
A leadership game
Horizontal mergers and prod
Norman International has a monopon in
the manufacture of whats-its. Each whom-it
requires exactly one richer as an input and
incurs other variable costs of $5 per unit.
Riehets are made by PepRieh two
ECON309 Industrial Organisation
Lecture 6
1
Lecture Outline
1. Static games and Cournot competition
Nash equilibrium
The Cournot model
Cournot-Nash equilibrium
Cournot-Nash equilibrium: many firms
ECON309 Solutions to Lecture 11 Problems
1. (PRN Chapter 16, Q1)
(a) Profits for Norman International are given by revenue minus the cost of Richets and other
variable costs. If a Richet costs pr per
Suppose that two rms compete in quanti
ties (Couraot) in a market in which demand
is described by: P 2 26029. Each rm
incurs no xed cost but has a marginal cost
otQU.
a. What is the oneperiod Nash equ
ECON203 MICROECONOMIC ANALYSIS, S1 2014
TUTORIAL 1 (Week 2)
(Week beginning 10 March 2014)
1. What are the basic assumptions about individual preferences? Explain the meaning of each.
1. Completeness: