Wednesday, September 26, 2007

alright people, as promised i will now post the answers to the econs worksheet.

Section B: short answered questions

1a) 0.35
1b) -0.63
1c) -0.24 Weak Complements
1d) -0.47 Weak Complements
1e) 0.93 Weak Substitutes

2a) OAP1
2b) P4BP2
2c) OQ2BP2
2d) Q3-Q2
2e) P1ACP3

3a) PC, MR=AR
3b) Firm A, MC=MR=AR=min., ATC
3c) Firm B, $650
3d) Firm C, $150
3e) $9

yep thats it. if you guys got any doubts, come look for me for the actual answer sheet.

oh and good luck for tomorrow's mother tongue exams!

16 more days to freedom!

-RAYSON-

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