ECO 260

Homework 1

Answers

 

 

NOTE:  Your answers may differ slightly due to rounding.

 

1.

            A:

 

                        i.            Q^C = 9

                        ii.            P^C = 5

                        iii.            CS = 202.5

                        iv.            PS = 0

                        v.            W = 202.5

 

            B:

 

                        i.            Q^M = 4.5

                        ii.            P^M = 27.5

                        iii.            CS = 50.625

                        iv.            PS = 101.25

                        v.            W = 151.875

                        vi.            DWL = 50.625

 

2.

 

            A:

 

                        i.            Q^C = 6.67

                        ii.            P^C = 53.31

                        iii.            CS = 155.71

                        iv.            PS = 111.09

                        v.            W = 266.80

 

            B:

 

                        i.            Q^M = 4.21

                        ii.            P^M = 70.53

                        iii.            CS = 62.03

                        iv.            PS = 168.40

                        v.            W = 230.43

                        vi.            DWL = 36.37