On Wed, Oct 09, 2002 at 10:06:49PM +0200, Dekel Tsur wrote: > On Wed, Oct 09, 2002 at 04:01:09PM -0400, Dr. Richard E. Hawkins wrote: > > I had thought that there was a fix for the cascading depth problem > > committed a couple of weeks ago, but an update from today didn't get it.
> The problem has been fixed. Are you sure you have an updated version ? Yes; cvs yesterday, and then again today. > If you have a file doesn't work, post it here. Here's one from November, 2000: -- Richard E. Hawkins, Asst. Prof. of Economics /"\ ASCII ribbon campaign [EMAIL PROTECTED] Smeal 178 (814) 375-4700 \ / against HTML mail These opinions will not be those of X and postings. Penn State until it pays my retainer. / \
#LyX 1.3 created this file. For more info see http://www.lyx.org/ \lyxformat 221 \textclass article \begin_preamble %\leftline{ Name: \rule{4.75in}{.4pt} \\[10pt]} \end_preamble \language english \inputencoding latin1 \fontscheme default \graphics default \paperfontsize default \spacing single \papersize letterpaper \paperpackage a4 \use_geometry 1 \use_amsmath 0 \use_natbib 0 \use_numerical_citations 0 \paperorientation portrait \leftmargin 0.75in \topmargin 0.75in \rightmargin 0.75in \bottommargin 0.25in \secnumdepth 3 \tocdepth 3 \paragraph_separation indent \defskip medskip \quotes_language english \quotes_times 2 \papercolumns 1 \papersides 1 \paperpagestyle default \layout Title Microeconomics Quiz 5 \layout Author Prof. Hawkins \layout Date November 28, 2000 \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{-2.5in} \layout Standard \backslash leftline{ Name: \backslash rule{3in}{.4pt} \backslash \backslash [10pt]} \layout Standard \backslash vspace{2.5in} \end_inset \layout Enumerate [1] If a competitive firm is making an economic profit, what can we say about its operating environment? Make as strong a statement as you can. \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{1.5in} \end_inset \layout Enumerate [2] How do MR and P compare \begin_deeper \layout Enumerate for the competitive firm? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate How about for a monopolist? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \layout Standard \backslash clearpage \end_inset \layout Enumerate [4] Table \begin_inset LatexCommand \ref{compFirmMC} \end_inset shows supply and demand curves for individual firm, and Table \begin_inset LatexCommand \ref{compConsumerDemand1} \end_inset for an individual consumer. Suppose that the market is made up of 30 such consumers, and 10 such firms. \begin_inset Float table wide false collapsed false \layout Standard \align center \begin_inset Tabular <lyxtabular version="3" rows="13" columns="2"> <features> <column alignment="right" valignment="top" leftline="true" width="0pt"> <column alignment="right" valignment="top" leftline="true" rightline="true" width="0pt"> <row topline="true" bottomline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard Q \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard MC \end_inset </cell> </row> <row topline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 1 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" 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rightline="true" usebox="none"> \begin_inset Text \layout Standard 20 \end_inset </cell> </row> <row topline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 5 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 30 \end_inset </cell> </row> <row topline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 6 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 40 \end_inset </cell> </row> <row topline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 7 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 50 \end_inset </cell> </row> <row topline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 8 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 60 \end_inset </cell> </row> <row topline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 9 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 70 \end_inset </cell> </row> <row topline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 10 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 80 \end_inset </cell> </row> <row topline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 11 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 90 \end_inset </cell> </row> <row topline="true" bottomline="true"> <cell alignment="right" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 12 \end_inset </cell> <cell alignment="right" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 100 \end_inset </cell> </row> </lyxtabular> \end_inset \layout Caption Cost data for one firm \begin_inset LatexCommand \label{compFirmMC} \end_inset \end_inset \begin_inset Float table wide false collapsed false \layout Standard \align center \begin_inset Tabular <lyxtabular version="3" rows="10" columns="2"> <features> <column alignment="center" valignment="top" leftline="true" width="0pt"> <column alignment="center" valignment="top" leftline="true" rightline="true" width="0pt"> <row topline="true" bottomline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard P \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard Q \end_inset </cell> </row> <row topline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 10 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 8 \end_inset </cell> </row> <row topline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 20 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 7 \end_inset </cell> </row> <row topline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 40 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 6 \end_inset </cell> </row> <row topline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 50 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 5 \end_inset </cell> </row> <row topline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 60 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 4 \end_inset </cell> </row> <row topline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 70 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 3 \end_inset </cell> </row> <row topline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 80 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 2 \end_inset </cell> </row> <row topline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 90 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 1 \end_inset </cell> </row> <row topline="true" bottomline="true"> <cell alignment="center" valignment="top" topline="true" leftline="true" usebox="none"> \begin_inset Text \layout Standard 100 \end_inset </cell> <cell alignment="center" valignment="top" topline="true" leftline="true" rightline="true" usebox="none"> \begin_inset Text \layout Standard 0 \end_inset </cell> </row> </lyxtabular> \end_inset \layout Caption Demand for one consumer \begin_inset LatexCommand \label{compConsumerDemand1} \end_inset \end_inset \begin_deeper \layout Enumerate What is the equilibrium price? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate What is the \emph on market \emph default quantity? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate How many units does each firm produce? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate And each consumer? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash clearpage \end_inset \layout Enumerate [5] Refer to Figure \begin_inset LatexCommand \ref{costcurves1} \end_inset \begin_inset Float figure wide false collapsed false \layout Standard \align center \begin_inset Graphics filename costcurves1.eps display monochrome \end_inset \layout Caption Cost Curves for a Firm \begin_inset LatexCommand \label{costcurves1} \end_inset \end_inset \begin_deeper \layout Enumerate What does curve A represent? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate What does curve C represent? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate What price is the shutdown point? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate What is the price in the long run? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate Suppose the current price is 6. What happens in the long run and why? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \layout Standard \backslash clearpage \end_inset \layout Enumerate [4] Refer to Figure \begin_inset LatexCommand \ref{monop.gr1} \end_inset \begin_inset Float figure wide false collapsed false \layout Standard \align center \begin_inset Graphics filename monop.gr1.ps display monochrome width 100col% rotateAngle 270 \end_inset \begin_inset LatexCommand \label{monop.gr1} \end_inset \layout Caption Cost Curves for the Monopolist \end_inset \begin_deeper \layout Enumerate What is the difference in meaning of NB between pure competition and monopoly. \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate What is line AP? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate Identify the shape (e.g., \begin_inset Quotes eld \end_inset Trapezoid EOPH \begin_inset Quotes erd \end_inset ) representing consumer surplus under monopoly. \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate What does Triangle DKH represent? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \layout Standard \backslash clearpage \end_inset \layout Enumerate [1] Give a reason why the normal measure of lost surplus due to monopoly might be \emph on understated. \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate [3] In general terms (minimum of MC, P, ATC, etc., describe how a monopolist chooses price and quantity. \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \layout Enumerate [1] How does total social welfare compare between plain monopoly and perfect price discrimination? \begin_deeper \layout Standard \begin_inset ERT status Collapsed \layout Standard \backslash vspace{.5in} \end_inset \the_end
