A blog for CinciDood's (aka Atomic Kid, aka Jack Julian) microeconomics course at IUP. Refresh page to ensure you are reading the most current entries.

Tuesday, November 17, 2009

Answer key to sample problems for test 3

This could be the key.

1-B, 2-A, 3-A, 4-B, 5-D, 6-C,
7-B, 8-D, 9-A, 10-C, 11-B, 12-C,
13-C, 14-A, 15-C, 16-A, 17-A, 18-D,
19-B, 20-B, 21-B, 22-B, 23-D,
24-D, 25-A,
26-B, 27-D, 28-C, 29-A,
30-A, 31-C, 32-C, 33-B, 34-B, 35-C.

Yes, 14 and 16 are the same. For 32, I wouldn't go so far as to argue anyone's salary is a guaranteed contract. If you "assume" that, then D would be correct, but I would think that adds something to the problem that isn't there so C would be the "best" answer.

Hint. The written problem has to do with the relationship between TC, ATC, and MC.

Good luck.

Wednesday, November 04, 2009

Test 2 results and current grade distribution

See document on the I-drive called Econ 122 halftime scores.

You will find scores and adjusted test results. The first column is the last four digits of your banner ID. Those with fewer than 4 digits it is because the missing preceding digits are zeros.

Today is your last day with withdraw from a course. Consider wisely.