Econ 101 Spring 2005 (Prof Kilkenny)

Homework problems to KNOW for the Final Exam:

Ch 7-2.2 (accounting vs economic profit)

Ch7-3.3 (MC, MB, and optimal choice)

Ch 7-6 (Discrete choice, marginal analysis)

Ch 5-1.2 (elasticity)

Ch 5-3 (elasticity and revenue)

Ch 5-4.3 (income elasticity of demand)

Ch 6-2(Consumer surplus)

Ch 6-3 (producer surplus)

Ch 6-6.1 (taxes and producer surplus)

Ch 6-8 (taxes, deadweight losses, and elasticity)

Ch 10- 7 (MARKET (not individual) demand)

Ch 8 - 4.1 (variable costs)

Ch 8 - 7, 8 (optimal level of fixed costs)

Ch 9 - 6.1,2,3 (shut-down, break even, and SUPPLY curves)

Ch 9 - 7.1,2,3 (Q*,profit, revenue, shut-down or break-even price)

Ch 9 – 8 (MARKET not just individual supply)

Ch 12 - 1.2 variable inputs or factors of production

Ch 12 - 3.2 derived demand and employment

All practice Ch 13 problems

All Required Ch 19 problems

All practice debriefing questions

All Required Ch 20 problems