PPT-ECON 100 Tutorial: Week 11

Author : danika-pritchard | Published Date : 2016-04-05

wwwlancasteracukpostgradmurphys4 smurphy5lancasteracuk Office LUMS C85 Number of Workers Total Physical Product units Marginal Physical Product Marginal Revenue

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ECON 100 Tutorial: Week 11: Transcript

wwwlancasteracukpostgradmurphys4 smurphy5lancasteracuk Office LUMS C85 Number of Workers Total Physical Product units Marginal Physical Product Marginal Revenue Product 0 0 1. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office hours: 3:00PM to 4:45PM . tuesdays. LUMS C85. Question 1. Use AD-AS analysis to show how each of the events below will affect the equilibrium price level and real output in an economy in the short run when the aggregate supply curve . Week 10. Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Question 1 . H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to assemble the components. A water filter sells for £26, and H2OClean can buy the components for each filter for £1. Kevin and Sharon are two workers for H2OClean Ltd. Sharon can assemble 60 water filters per month, and Kevin can assemble 70. If the labour market is perfectly competitive, how much will each be paid? . Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C86. Outline. Substitute Lecturer Next Week. Roll Call. Class Rep. Problems. Discussion. Class Rep. Exercise. Consider the following demand function: Q. www.lancaster.ac.uk/postgrad/murphys4/. s. .murphy5@lancaster.ac.uk. office: LUMS C85. Question 1. . Classify each of the following markets as highly contestable, moderately contestable, slightly contestable or non-contestable. If it depends on the circumstances, explain in what way.. www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office. : LUMS . C85. Keynesian Cross Diagram. Last week we calculated GDP using the expenditure method where . . GDP . = Aggregate Expenditure (AE) = C + I + G + . www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Outline for this week’s tutorial. Past exam question ( from last week) – 5 min.. Question 1 – 2 min.. Question 2 – 3 min. . www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Question 1. Match . each of the three . types of price discrimination . to the following definitions:. (a) When . www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office . hours: . 3:00PM . to . 4:00PM Mondays LUMS . C85. Question 1 . From . the national income identity, what association might exist between a fiscal deficit and a trade deficit? . Ayesha Ali. www.lancaster.ac.uk/postgrad/alia10/econ102.html. a.ali11@lancaster.ac.uk. o. ffice hours: 8:00AM – 8:50AM . tuesdays. LUMS C85. Today’s Outline. Planet Money Podcast – . Invention of the Economy. www.lancaster.ac.uk/postgrad/alia10/. a.ali11@lancaster.ac.uk. office hours. : . 3:45PM . to 4:45PM . tuesdays. LUMS C85. Some notes for the last section of ECON 100. You’ve had some experience with David Peele’s questions – on Exam 4. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4/econ15. s.murphy5@lancaster.ac.uk. Today’s Outline. We’ll review the exam from Friday. Which of the following reasons can explain why people have preferences for holding money?. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. Today’s Outline. Exam Questions. Is there anything you’d like to go over regarding Friday’s Test?. In Week 17: You’ll have an exam recap with Kwok (in the lecture) and you get your marked exams back as well (in the tutorial).. www.lancaster.ac.uk/postgrad/alia10/. s.murphy5@lancaster.ac.uk. office . hours: . 3:00PM . to . 4:00PM Monday LUMS . C85. Exam 4 Next Week. 40 Multiple Choice Questions. 28 from Gerry Steele. Mostly theory . Week 10. Shane Murphy. www.lancaster.ac.uk/postgrad/murphys4. Question 1 . H2OClean Ltd supplies domestic kitchen water filters to the retail market and hires workers to assemble the components. A water filter sells for £26, and H2OClean can buy the components for each filter for £1. Kevin and Sharon are two workers for H2OClean Ltd. Sharon can assemble 60 water filters per month, and Kevin can assemble 70. If the labour market is perfectly competitive, how much will each be paid? .

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