ECON 132 Study Guide - Midterm Guide: Watt, W. M. Keck Observatory, Fixed Cost

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peartiger622

26 Mar 2019

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Instructions: use provided answer sheets for final answers. Attach extra pages to show intermediate work as needed. Please highlight your final answers whenever possible. (a) (b) (c) (d) (e) (a) (b) (c) (d) (a) (b) (c) (d) (e) 1. (a) (b) 1. (c) (d) (e) The indian river power plant in florida uses 8,000 btu of energy to generate each kilowatt hour of electricity. If i get a raise to per month, and my gas consumption increases to 60 gallons, what is my income elasticity of demand for gasoline: uranium mine extraction (10 points) The owner would therefore like to extract all the uranium ore by the end of the second year. There are 60 tons of uranium ore in the ground. The price this year is a ton and the price next year is known to be a ton. The cost of mining is given by the following function: c(qi) = 25 + 4. 5qi + . 1q2.

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Registering domain names with the intention to use the name for financial gain without legal rights to its use is called:

a.	cybersquatting.
b.	illegal surfing.
c.	internet surfing scandal.
d.	cyber conning.
e.	net fraud.

Google AdWords provided by Google.com allows other websites to join and earn commissions of at least 5 percent for click-throughs from Google predesigned banner ads that lead to sales. This is an example of what kind of program?

a.	cash click program
b.	net cash trade program
c.	affiliate program
d.	surfing click business
e.	up-selling program

The process of tracking customers who don't complete a purchase by placing cookies on their computer to make it possible to make repeat offers for the abandoned item on other websites that the customer's visit is called:

a.	remarketing
b.	up-selling
c.	cross-selling
d.	target marketing
e.	sniffing

Many software downloading sites earn revenues by downloading adware and ________ at the same time as the software or demos.

a.	banner ads
b.	applications
c.	spyware
d.	superstitious
e.	music

A method by which a users path through a website can be tracked and analyzed is called:

a.	URL tracking.
b.	user path tracking.
c.	URL analysis.
d.	user stream analysis.
e.	click-stream analysis.

skycheetah676

29. Consider the Cocktail Sort (code 4) algorithm described in the appendix. What is the fewest number of lines of code that would have to be added, removed, or changed in order for this algorithm to sort from largest to smallest? (A) Everything inside the second for loop. (B) 3 (C) 1 (D) 2 (E) Everything inside both for loops. Binary answers For the following questions you are to use your choices as they were the representation of a binary number. More precisely, A = 24, B = 23, C = 22, D = 21, and E = 20 position in a base 2 number. For example if you wanted to answer the number 23, you would translate it first as base 2 number, which is 10111, you would blacken A, C, D and E.2 Lets look at this process on your answer sheet, we have these 5 circle you can blacken. Normally you only pick one, here you might have to blacken more than one! @ ® © D ® Following the previous example, the answer we want to input is 23, its binary representation is 10111, hence the circle you would blacken are the following:

Type y

Introduction: Suppose that the U.S. currently buys and produces wingdings, a fictitious economic good. The U.S. faces the world price, and domestic suppliers sell as many

wingdings as possible at the world price. Now, the government succumbs to lobbying by
wingding producers and imposes a protective tariff on wingdings amounting to $2 per
wingding. The graph below represents this situation.
World Price
World Price + Tariff
U.S. Supply
U.S. Demand
Price
Quantity (millions of pounds)
6 12 16 18 26
6
8
10
4
Market for Wingdings:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Answer the following questions. Use formulas and show calculations as well as final
answers.
A. Does the United States have a comparative advantage in wingdings? Explain.
B. Discuss the effect of the tariff on the number of imports..
C. How did the imposition of the tariff change consumer surplus?
D. How did the imposition of the tariff change producer surplus?
E. What is the overall result of the tariff in terms of welfare?

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copperporcupine860

ECON 132 Study Guide - Midterm Guide: Watt, W. M. Keck Observatory, Fixed Cost

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