ECON 157 Study Guide - Midterm Guide: Risk Neutral, Fiat 500L

231 views14 pages

silversalmon677

10 Jun 2019

School

Department

Course

Professor

For unlimited access to Study Guides, a Grade+ subscription is required.

Document Summary

9 c qz qi qitqz 1. 5 1. 25 275. Itincomegarehigherintokyothenthecalculatedelasticityisanunderestimateddemandintokyoislower thaninhokkaido duetotherhighorprioebatitishigherthanitwouldhavebeeninhokkaido agregultotincomeettectthedemandshouldbe moreregpongiretoprice 0. 27igtooinelastic c d e. 3gff2f. zg: 27ql t. fij. f. ofo. z o2icyot lfoe 02 18. 0. 56 hegrossmanmodel ch3 d betweenpointsaandb isthefreelunchzone thereismorebangforbuckinresting inhealth smallimprovementsinhealthyieldlargeincreases. Betweenpointsbandcfreelunchisover whentheindividual isalreadyhealthy itdoesn"tmeanagmuchtothem largeimprovement inhealthyield8small decreasestotimebeingsick c atypicalconsumerwouldnotchoose apointtotheleft ofb because thefreelunchzonedoesnottakeadvantage ofallopportunities ofhandz g individual awillhavethegreaterit becausethosewith ahighereducationarebetter holdersoftheirownhealth thosethatarebetter educatedcanproducehealthmoreefficiently. Individual13likelyspentmoretimebeing sickperperiodthereforetheyareat a lowerconstraint individualit is ngaftrhiprriaonadfhayhaeftthaaiumauftoat. tng timetoinvestin wandz a haf a greaterh thanb therefore theyspendlesstimebeingsick p. B d individualaearnsmorethantwiceafmuchat13becausetheyearntwice9gmuchwhileworkingmore e individual ahadtospend10timesasmuch on homeworksotheyhadlesstimeto improvehealthcomparedtoindividual b thereforeahag alower constraintandutili. Accordingtothe grossmanmodel individualsgetmorebangfortheirback f whentheyarelets healthy ifindividual b spendgtimeinvestingon theirhealththeymuchlargerimprovementthanitindividualaspendgthe sameamountoftimetheydon"thavetoinvestasmuchtocatchup. Themiraclepillallowsthedinertoenjoycookiesbyreducingthe health isbetteroffwiththe impactandincreasinghisoverallutilityfromcookie pillalthoughhighealthigdecliningbecausehereceivemoreutility d ifthedineriftryingtomaximizelifetimeu thentheyshouldforayonimproving healthfincehealthif aformofstockthedinershouldnotfocusonimproving2becausehome goodfareformyaflowwhichwillnotcontinuetoofferutilityoverthenextperiod. E ik b a eeils pis ljp ih. In2014thepremiumsandpayoutwillchange of14 ih a is rly pcih a ls l p d iii iii"s i thecontractwillbelowerinpriceandquantitysincepayoutpremiumdecrege. Ih d r thecitifrafigactuarially fairsincerandgarothegamebutthecontractigoretuligine theoutcomewhengin isgreaterthanwhenhealthy jaywouldpreferto begiacinthif cafebecausehe"dgetabetterpayout. Peter"scontractisactuariallyfullandunfairhisfinalincomewillbe400 rpg q litis too 0. 2soov 500 soo ov.

Related Questions

Suppose Yvonne runs a small business that manufactures shirts.Assume that the market for shirts is a perfectly competitivemarket, and the market price is $25 per shirt.

The following table represents Yvonne's cost structure perhour:

Quantity (Q) and Total Cost (TC)

0 20

1 40

2 50

3 55

4 65

5 80

6100

7 130

If Yvonne produces and sells three shirts, her total revenue(TR) would be _______ (choices are 0, 20, 50, 35, 75, or 100), andher economic profit would be _______ (choices are 35, 75, 0, 100,20, or 50). Yvonne's marginal revenue (MR) from the third shirt shesells is ________ (choices are 0, 20, 40, 15, 25, 30, 35, or 10),and her marginal cost (MC) of producing a third shirt is ________(choices are 10, 15, 5, 0, 55, or 20).

----------------------------------------------------------------------------------------------------------------------------

I need help with these questions, use the information from the Qand TC table to answer the underlined questions with the choiceslisted. Thank you.

What is Bill's economic profit at the profit-maximizing output level?

Quantity	Total cost	Marginal cost	Price	Total revenue	Marginal revenue
0	0		80
1	50		80
2	102		80
3	157		80
4	217		80
5	285		80
6	365		80
7	462		80

salmontortoise406

Suppose one of your colleagues suggests a marketing plan for soft drinks which relocates most canned drink vending machines into low-income neighborhoods. 1. Based on your analyses so far, would you agree to her suggestion? Why or why not? What the descriptive analysis indicates and what the regression analysis suggests might differ from each other. And I donât suppose there is a clear-cut yes/no type answer to this question. Rather I will focus on your reasoning and persuasive writing skills here.

	cans/capita/yr	6 pack price	income/capita	mean temp
Alabama	200	2.19	13	66
Arizona	150	1.99	17	62
Arkansas	237	1.93	11	63
California	135	2.59	25	56
Colorado	121	2.29	19	52
Connecticut	118	2.49	27	50
Delaware	217	1.99	28	52
Florida	242	2.29	18	72
Georgia	295	1.89	14	64
Idaho	85	2.39	16	46
Illinois	114	2.35	24	52
Indiana	184	2.19	20	52
Iowa	104	2.21	16	50
Kansas	143	2.17	17	56
Kentucky	230	2.05	13	56
Louisiana	269	1.97	15	69
Maine	111	2.19	16	41
Maryland	217	2.11	21	54
Massachusetts	114	2.29	22	47
Michigan	108	2.25	21	47
Minnesota	108	2.31	18	41
Mississippi	248	1.98	10	65
Missouri	203	1.94	19	57
Montana	77	2.31	19	44
Nebraska	97	2.28	16	49
Nevada	166	2.19	24	48
New Hampshire	177	2.27	18	35
New Jersey	143	2.31	24	54
New Mexico	157	2.17	15	56
New York	111	2.43	25	48
North Carolina	330	1.89	13	59
North Dakota	63	2.33	14	39
Ohio	165	2.21	22	51
Oklahoma	184	2.19	16	82
Oregon	68	2.25	19	51
Pennsylvania	121	2.31	20	50
Rhode Island	138	2.23	20	50
South Carolina	237	1.93	12	65
South Dakota	95	2.34	13	45
Tennessee	236	2.19	13	60
Texas	222	2.08	17	69
Utah	100	2.37	16	50
Vermont	64	2.36	16	44
Virginia	270	2.04	16	58
Washington	77	2.19	20	49
West Virginia	144	2.11	15	55
Wisconsin	97	2.38	19	46
Wyoming	102	2.31	19	46

ECON 157 Study Guide - Midterm Guide: Risk Neutral, Fiat 500L

Document Summary

Get access

Related Documents

ECON 157 Study Guide - Midterm Guide: Budget Constraint, Capital Good, Marginal Cost

ECON 157 Study Guide - Midterm Guide: Co-Insurance, Copayment, Prussian P 8

ECON 157 Study Guide - Midterm Guide: Problem Set, Adverse Selection, Patient Protection And Affordable Care Act

Related Questions