Homework problem correction

On the homework handout distributed in class Thursday (11/30) and due Tuesday:

In the first problem, the table of quantities and variable costs--I really wanted the VC when Q = 8 to be $44, NOT $42. It will turn out better that way.

So if you get this, for Q = 8, VC = $44.

Sorry, my bad.

(Because if you leave it at $42, you'll have MC = $7 for both Q = 7 and Q = 8. That's really awkward.)

An updated version is available on my I-drive folder (jjulian).

I don't expect typed answers, although I request them. Just be neat. Last time some of you turned in really sloppy work. Please produce something you'd be proud of.

Also, I put the Excel table from today's class in the I-drive folder as well. Good luck.

-J

Key to Test 2 Study Problems

Here is the key to the study problems which can be found on the I-drive, folder: jjulian.

1-D, 2-B, 3-C,
4-A, 5-C, 6-A, 7-D (I think B and E are correct too. Bad question. C is NOT correct, so neither is A),
8-A, 9-D, 10-A (looks like B is true too), 11-A,
12-D, 13-C, 14-D, 15-B, 16-A, 17-A,
18-D, 19-E, 20-E, 21*-B, 22-C, 23-A,
24-A, 25-B, 26-C, 27-A, 28-B, 29-C,
30-D, 31-B, 32-D, 33-B, 34-D, 35-E,
36-D, 37-B, 38-C, 39-B, 40-D,
41-E, 42-D, 43-C, 44-C, 45-D**, 46***-A,
47-C, 48-A, 49-D, 50-E, 51-C,
52-D, 53-C, 54-C, 55-A, 56-D, 57-A,
58-A, 59-B, 60-C, 61-D, 62-E,
63-D, 64-A, 65-C, 66-A

*Ooops. There is no diagram. My bad.
**was originally marked E.
**or the second 45

These answers are from the answer key. I have not verified all calculations. Please let me know if you think there are any errors.

You should check back for any changes or updates.

Good luck.

JJ

Sample test questions are available

There is a file in the 122 folder in my I-drive folder (jjulian). There are 66 multiple choice problems. I expect at least 10-15 of these to be on the test (total 35 m.c. problems).

I gave you a lot of problems so that you can study effectively. I expect if you know the material and techniques to solve these problems you will be equipped to solve them on the test on Tuesday.

I will post the key sometime over the weekend. In the meantime you should try to answer these without the answer key.

I will be available online off and on over the weekend. Feel free to email or IM me (CinciDood) if you have any questions.

Using my I-drive folder

If you need help connecting to the I-drive, my expertise is limited.

A few tips:

All computer labs on campus ought to be mapped to the network drives. Go to My Computer and the network drives should be listed. Click on the I drive and look for my folder (jjulian). Then look for the Econ 121 folder for stuff relevant for this class.

If you have a computer and you live on campus, you will need to "map" it yourself. You can find instructions at http://www.iup.edu/house/resnet/map/

or at http://www.iup.edu/ats/sts/login/index.htm



If you are off campus you can access the drive from the internet (ftp). Here is a link to help you out: http://www.acad.iup.edu/.

Welcome Dr. Sissoko's students

This is a weblog set up for communication and free exchange of ideas.

Due to circumstances outside of our control, we're dealing with the situation as reasonably and professionally as possible. Thanks for understanding.

JJ