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ECON
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Popular Documents from University of Pennsylvania
Name : Section: TA: Page 7 of 8 11. Pencilvester, a pencil manufacturer, hires two economic consultants, Rick and Morty, to analyze the market for pencils. They estimate that the market demand is given by Q D = 50 - 10 P ⇔ P =5 - 0 . 1 Q D and the ma
Answer: a. Typical upward sloping supply and downward sloping demand with P* & Q* Points: 2 b. As in midterm 1, indicate units greater then Q*. Points: 2 c. Describe this as either supply shifts out or demand shifts out. Either way the number of peop
Name : Section: TA: Page 5 of 10 MC 0 SA 10 20 30 40 50 60 5 10 15 20 25 James’ PPF MC 0 SA 10 20 30 40 50 60 5 10 15 20 25 George’s PPF Solution: James’ PPF is a straight line with a Y-intercept of 60 MC and an X-intercept of 20 SA. George’s PPF is
ECON 001 Name (Print): Fall 2017 Final Exam Recitation Section: December 18, 2017 Time Limit: 120 Minutes Name of TA: • This exam contains 14 pages (including this cover page) and 17 questions. Check to see if any pages are missing. • The exam is sch
TOTAL SCORE______ EXE 1____ EXE 2____ EXE 3____ MC____ Page 1 of 15 Econ 002- INTRO MACRO Prof. Luca Bossi December 15, 2015 FINAL EXAM –SUGGESTED SOLUTIONS– My signature below certifies that I have complied with the University of Pennsylvania's Code