mirror of
https://github.com/Rushilwiz/econ101.git
synced 2025-04-05 05:00:19 -04:00
fixed pset1
This commit is contained in:
parent
9c49432891
commit
73cb562aa2
|
|
@ -1,7 +1,7 @@
|
|||
# Fdb version 4
|
||||
["pdflatex"] 1706077097 "/home/rushil/school/econ/pset1/pset1.tex" "pset1.pdf" "pset1" 1706077098 0
|
||||
["pdflatex"] 1706155513 "/home/rushil/school/econ/pset1/pset1.tex" "pset1.pdf" "pset1" 1706155514 0
|
||||
"/etc/texmf/web2c/texmf.cnf" 1693368362 475 c0e671620eb5563b2130f56340a5fde8 ""
|
||||
"/home/rushil/school/econ/pset1/pset1.tex" 1706077096 17821 9b6b30da0aeefb637154e6ef23b47b8b ""
|
||||
"/home/rushil/school/econ/pset1/pset1.tex" 1706155513 18480 73f5313ae8caaca9c27f09e26e37b9f3 ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/map/fontname/texfonts.map" 1577235249 3524 cb3e574dea2d1052e39280babc910dc8 ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/tfm/jknappen/ec/tcrm1000.tfm" 1136768653 1536 e07581a4bb3136ece9eeb4c3ffab8233 ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/tfm/public/amsfonts/cmextra/cmex7.tfm" 1246382020 1004 54797486969f23fa377b128694d548df ""
|
||||
|
|
@ -35,6 +35,7 @@
|
|||
"/usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx12.pfb" 1248133631 32080 340ef9bf63678554ee606688e7b5339d ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx9.pfb" 1248133631 32298 c6d25bb16d1eac01ebdc6d7084126a1e ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi10.pfb" 1248133631 36299 5f9df58c2139e7edcf37c8fca4bd384d ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi5.pfb" 1248133631 37912 77d683123f92148345f3fc36a38d9ab1 ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi7.pfb" 1248133631 36281 c355509802a035cadc5f15869451dcee ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr10.pfb" 1248133631 35752 024fb6c41858982481f6968b5fc26508 ""
|
||||
"/usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr7.pfb" 1248133631 32762 224316ccc9ad3ca0423a14971cfa7fc1 ""
|
||||
|
|
@ -224,9 +225,9 @@
|
|||
"/usr/share/texmf/web2c/texmf.cnf" 1681034085 39561 34c98e380bf7c7201ee6a7909aff625a ""
|
||||
"/var/lib/texmf/fonts/map/pdftex/updmap/pdftex.map" 1693368379 4623455 fa0568a71dd9a288d6c226ee477506c6 ""
|
||||
"/var/lib/texmf/web2c/pdftex/pdflatex.fmt" 1693368408 7880218 5644a8bb2704ddc1060e0c139ce5389a ""
|
||||
"pset1.aux" 1706077098 1020 ab85b7c3ef7d212ddd287c92ac8e854d "pdflatex"
|
||||
"pset1.out" 1706077098 485 09e40ec13ebf2ca79a15fce5881ec372 "pdflatex"
|
||||
"pset1.tex" 1706077096 17821 9b6b30da0aeefb637154e6ef23b47b8b ""
|
||||
"pset1.aux" 1706155514 1020 ab85b7c3ef7d212ddd287c92ac8e854d "pdflatex"
|
||||
"pset1.out" 1706155514 485 09e40ec13ebf2ca79a15fce5881ec372 "pdflatex"
|
||||
"pset1.tex" 1706155513 18480 73f5313ae8caaca9c27f09e26e37b9f3 ""
|
||||
(generated)
|
||||
"pset1.aux"
|
||||
"pset1.log"
|
||||
|
|
|
|||
|
|
@ -1002,6 +1002,7 @@ INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx10.pfb
|
|||
INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx12.pfb
|
||||
INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx9.pfb
|
||||
INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi10.pfb
|
||||
INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi5.pfb
|
||||
INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi7.pfb
|
||||
INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr10.pfb
|
||||
INPUT /usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr7.pfb
|
||||
|
|
|
|||
|
|
@ -1,4 +1,4 @@
|
|||
This is pdfTeX, Version 3.141592653-2.6-1.40.24 (TeX Live 2022/Debian) (preloaded format=pdflatex 2023.8.30) 24 JAN 2024 01:18
|
||||
This is pdfTeX, Version 3.141592653-2.6-1.40.24 (TeX Live 2022/Debian) (preloaded format=pdflatex 2023.8.30) 24 JAN 2024 23:05
|
||||
entering extended mode
|
||||
restricted \write18 enabled.
|
||||
file:line:error style messages enabled.
|
||||
|
|
@ -647,7 +647,7 @@ File: umsb.fd 2013/01/14 v3.01 AMS symbols B
|
|||
) [1
|
||||
|
||||
{/var/lib/texmf/fonts/map/pdftex/updmap/pdftex.map}] [2] [3] [4]
|
||||
Underfull \hbox (badness 10000) in paragraph at lines 283--285
|
||||
Underfull \hbox (badness 10000) in paragraph at lines 287--289
|
||||
|
||||
[]
|
||||
|
||||
|
|
@ -656,18 +656,18 @@ Package rerunfilecheck Info: File `pset1.out' has not changed.
|
|||
(rerunfilecheck) Checksum: 09E40EC13EBF2CA79A15FCE5881EC372;485.
|
||||
)
|
||||
Here is how much of TeX's memory you used:
|
||||
32990 strings out of 476091
|
||||
779713 string characters out of 5794081
|
||||
33008 strings out of 476091
|
||||
780050 string characters out of 5794081
|
||||
1875330 words of memory out of 5000000
|
||||
52816 multiletter control sequences out of 15000+600000
|
||||
52834 multiletter control sequences out of 15000+600000
|
||||
522613 words of font info for 71 fonts, out of 8000000 for 9000
|
||||
1141 hyphenation exceptions out of 8191
|
||||
102i,17n,104p,732b,2315s stack positions out of 10000i,1000n,20000p,200000b,200000s
|
||||
{/usr/share/texmf/fonts/enc/dvips/cm-super/cm-super-ts1.enc}</usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx12.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx9.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi7.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr7.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr9.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsl10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsy10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmti10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmti12.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmtt10.pfb></usr/share/texmf/fonts/type1/public/cm-super/sfrm1000.pfb>
|
||||
Output written on pset1.pdf (10 pages, 190146 bytes).
|
||||
102i,17n,104p,732b,2317s stack positions out of 10000i,1000n,20000p,200000b,200000s
|
||||
{/usr/share/texmf/fonts/enc/dvips/cm-super/cm-super-ts1.enc}</usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx12.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmbx9.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi5.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmmi7.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr7.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmr9.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsl10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmsy10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmti10.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmti12.pfb></usr/share/texlive/texmf-dist/fonts/type1/public/amsfonts/cm/cmtt10.pfb></usr/share/texmf/fonts/type1/public/cm-super/sfrm1000.pfb>
|
||||
Output written on pset1.pdf (10 pages, 199767 bytes).
|
||||
PDF statistics:
|
||||
174 PDF objects out of 1000 (max. 8388607)
|
||||
132 compressed objects within 2 object streams
|
||||
179 PDF objects out of 1000 (max. 8388607)
|
||||
135 compressed objects within 2 object streams
|
||||
36 named destinations out of 1000 (max. 500000)
|
||||
53 words of extra memory for PDF output out of 10000 (max. 10000000)
|
||||
|
||||
|
|
|
|||
BIN
pset1/pset1.pdf
BIN
pset1/pset1.pdf
Binary file not shown.
Binary file not shown.
|
|
@ -163,6 +163,8 @@ We apply the cost-benefit principle every day. As students, the choice to attend
|
|||
\item Explain the cost-benefit principle in a sentence or two. Incorporating the numbers you found above, then explain your decision
|
||||
to attend UNC this year using the cost-benefit principle.
|
||||
|
||||
The cost-benefit principle states that an individual should take an action if and only if the benefit of taking that action is greater than the cost of taking that action.
|
||||
|
||||
For me, the average starting salary for a computer science major is ~\$80,000. After working for two years leaving college my benefit would outweigh the cost of attending UNC. I also enjoy the social aspect of college and the opportunity to learn new things.
|
||||
|
||||
\end{enumerate}
|
||||
|
|
@ -187,18 +189,6 @@ an hour, or walk 1 dog in an hour. Jasmine can cook a meal for 2
|
|||
person in an hour, or walk 3 dogs in an hour. They each have 4 hours
|
||||
available to use to cook meals or walk dogs.
|
||||
|
||||
\begin{center}
|
||||
\begin{tabular}{ |c|c|c| }
|
||||
\hline
|
||||
Opportunity Cost & Meals Cooked & Dogs Walked \\
|
||||
\hline
|
||||
Tanner & \(\frac{1}{6}\) dog & 6 meals \\
|
||||
\hline
|
||||
Jasmine & \(\frac{3}{2}\) dog & \(\frac{2}{3}\) meal \\
|
||||
\hline
|
||||
\end{tabular}
|
||||
\end{center}
|
||||
|
||||
\begin{enumerate}[(a)]
|
||||
\item Draw a production possibilities frontier showing Tanner's capacity to cook meals or walk dogs, then add another PPF showing Jasmine's ability to cook meals or walk dogs.
|
||||
|
||||
|
|
@ -207,19 +197,19 @@ available to use to cook meals or walk dogs.
|
|||
title={Production Possibilities Frontier},
|
||||
xlabel={Number of Meals Cooked},
|
||||
ylabel={Number of Dogs Walked},
|
||||
xmin=0, xmax=7,
|
||||
ymin=0, ymax=4,
|
||||
xmin=0, xmax=28,
|
||||
ymin=0, ymax=16,
|
||||
axis lines=left,
|
||||
grid=both,
|
||||
legend pos=outer north east,
|
||||
]
|
||||
|
||||
% Tanner's PPF
|
||||
\addplot[domain=0:6, color=blue, thick] {-x/6 + 1};
|
||||
\addplot[domain=0:24, color=blue, thick] {4-1/6*x};
|
||||
\addlegendentry{Tanner}
|
||||
|
||||
% Jasmine's PPF
|
||||
\addplot[domain=0:2, color=red, thick] {-3*x/2 + 3};
|
||||
\addplot[domain=0:24, color=red, thick] {12-3/2*x};
|
||||
\addlegendentry{Jasmine}
|
||||
|
||||
\end{axis}
|
||||
|
|
@ -269,6 +259,20 @@ PPF
|
|||
has the comparative advantage in walking dogs? Explain both
|
||||
answers.
|
||||
|
||||
|
||||
\begin{center}
|
||||
\begin{tabular}{ |c|c|c| }
|
||||
\hline
|
||||
Opportunity Cost & Meals Cooked & Dogs Walked \\
|
||||
\hline
|
||||
Tanner & \(\frac{1}{6}\) dog & 6 meals \\
|
||||
\hline
|
||||
Jasmine & \(\frac{3}{2}\) dog & \(\frac{2}{3}\) meal \\
|
||||
\hline
|
||||
\end{tabular}
|
||||
\end{center}
|
||||
|
||||
|
||||
Tanner has the comparative advantage in cooking meals because he can cook 6 meals in an hour while Jasmine can only cook 2 meals in an hour. Jasmine has the comparative advantage in walking dogs because she can walk 3 dogs in an hour while Tanner can only walk 1 dog in an hour.
|
||||
|
||||
\item Tanner and Jasmine decide to specialize in producing one thing,
|
||||
|
|
@ -356,13 +360,13 @@ how supply or demand will shift.
|
|||
legend pos=outer north east,
|
||||
]
|
||||
|
||||
\addplot[domain=0:10, color=blue, thick] {-2*x + 12};
|
||||
\addplot[domain=0:10, color=blue, thick] {2*x};
|
||||
\addlegendentry{Old Supply}
|
||||
|
||||
\addplot[domain=0:10, color=red, thick] {-2*x + 8};
|
||||
\addplot[domain=0:10, color=red, thick] {2*x + 2};
|
||||
\addlegendentry{New Supply}
|
||||
|
||||
\addplot[mark=*] coordinates {(3.5,5)};
|
||||
\addplot[mark=*] coordinates {(2.5,5)};
|
||||
\addplot[mark=*] coordinates {(1.5,5)};
|
||||
|
||||
\end{axis}
|
||||
|
|
@ -401,12 +405,12 @@ how supply or demand will shift.
|
|||
\pagebreak
|
||||
\item The price of the textbook rises.
|
||||
|
||||
Since this situation affects the price of the good, there won't be a shift in either demand or supply curves, but a movement up the demand curve (decrease in quantity demanded).
|
||||
Since this situation affects the price of the good, there won't be a shift in either demand or supply curves, but a movement up the demand curve (decrease in quantity demanded) and a movement up the supply curve (decrease in quantity supplied).
|
||||
|
||||
\begin{tikzpicture}
|
||||
\begin{axis}[
|
||||
title={Demand Curve},
|
||||
xlabel={Quantity Demanded},
|
||||
title={Market Curve},
|
||||
xlabel={Quantity},
|
||||
ylabel={Price},
|
||||
yticklabel=\empty,
|
||||
xticklabel=\empty,
|
||||
|
|
@ -418,12 +422,19 @@ how supply or demand will shift.
|
|||
]
|
||||
|
||||
\addplot[mark=*] coordinates {(5,5)};
|
||||
\addlegendentry{Old Demand}
|
||||
\addlegendentry{Old Equilibrium}
|
||||
|
||||
\addplot[mark=*, color=red] coordinates {(3,7)};
|
||||
\addlegendentry{New Demand}
|
||||
|
||||
\addplot[mark=*, color=orange] coordinates {(7,7)};
|
||||
\addlegendentry{New Supply}
|
||||
|
||||
\addplot[domain=0:10, color=blue, thick] {-x+10};
|
||||
\addlegendentry{Demand}
|
||||
|
||||
\addplot[domain=0:10, color=purple, thick] {x};
|
||||
\addlegendentry{Supply}
|
||||
|
||||
\end{axis}
|
||||
\end{tikzpicture}
|
||||
|
|
@ -462,6 +473,8 @@ how supply or demand will shift.
|
|||
\end{enumerate}
|
||||
|
||||
\question{5}
|
||||
Consider the daily market for a cup of coffee in Chapel Hill. Market demand for coffee is given by the equation \(P = 80 -\frac{1}{2}Q_d\), and market supply of coffee is given by \(P = \frac{Q_s}{38}\).
|
||||
|
||||
\begin{enumerate}[(a)]
|
||||
\item If the price of coffee is \$0, how many cups would buyers want to
|
||||
consume? How many cups would sellers want to sell?
|
||||
|
|
|
|||
Loading…
Reference in New Issue
Block a user