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Economics I Tutorial Questions 2019

This document contains economics tutorial questions for a course called Economics I taken in the May semester of 2019. It lists the textbook and provides 12 tutorials worth of questions to answer related to chapters in the textbook. Each tutorial contains 5 questions to answer about concepts covered in the specified chapters. The questions refer students to answer pre-existing questions in the textbook chapters.

Uploaded by

Carlo Widjaja
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9 views3 pages

Economics I Tutorial Questions 2019

This document contains economics tutorial questions for a course called Economics I taken in the May semester of 2019. It lists the textbook and provides 12 tutorials worth of questions to answer related to chapters in the textbook. Each tutorial contains 5 questions to answer about concepts covered in the specified chapters. The questions refer students to answer pre-existing questions in the textbook chapters.

Uploaded by

Carlo Widjaja
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Department of Business Studies

Department of Finance & Accounting


BBBEC-1114 Economics I
TUTORIAL QUESTIONS (May Semester, 2019)
------------------------------------------------------------------------------------------------------------
Textbook: Mankiw,N.G. (2018). Principles of Economics, Asia edition, Singapore: Cengage
Learning Asia Pte Lt.

Tutorial 1 (Ch1 & 2)


1. Answer Question 5 on p17.

2. Answer Question 10 on p17.

3. Answer Question 1 on p35.

4. Answer Question 2 on p35.

5. Answer Question 6 on p36.

Tutorial 2 (Ch4 & 5)


1. Answer Question 3 on p87.

2. Answer Question 4 on p87.

3. Answer Question 9 on p88.

4. Answer Question 4 on p109.

5. Answer Question 10 on p110.

6. Answer Question 11 on p110.

Tutorial 3 (Ch6 & 7)


1. Answer Question 2 on p129.

2. Answer Question 4 on p129.

3. Answer Question 8 on p130.

4. Answer Question 7 on p151.

5. The supply and demand for broccoli are described by the following equations:
Demand: QD = 100 – 2P
Supply: QS = 4P – 80
Q is in bushels, and P is in dollars per bushel.

a. What is the equilibrium price and quantity?


1
b. Calculate consumer surplus, producer surplus, and total surplus at the equilibrium.
c. If a dictator who hated broccoli were to ban the vegetable, who would bear the larger
burden, the buyers or sellers of broccoli?

Tutorial 4 (Ch3 & 9)


1. Answer Question 3 on p60.

2. Answer Question 8 on p61.

3. Answer Question 3 on p185.

4. Answer Question 4 on p185.

Tutorial 5 (Ch10 & 11)


1. Answer Question 9 on p209.

2. Answer Question 4 on p208.

3. Answer Question 2 on p224.

4. Answer Question 6 on p225.

Tutorial 6 (Ch13 & 14)


1. Answer Question 9 on p266.

2. Answer Question 8 on p265.

3. Answer Question 10 on p287.

4. Answer Question 5 on p286.

5. Answer Question 11 on p287.

Tutorial 7 (Ch15)
1. Answer Question 2 on p314.

2. Answer Question 4 on p315.

3. Answer Question 5 on p315.

4. Answer Question 8 on p316.

Tutorial 8 (Ch16 & 18)


1. Answer Question 4 on p334.

2. Answer Question 6 on p335.

2
3. Answer Question 10 on p335.

4. Answer Question 7 on p381.

5. Answer Question 8 on p381.

Tutorial 9 (Ch23 & 25)


1. Answer Question 5 on p493.

2. Answer Question 9 on p493.

3. Answer Question 1 on p540.

4. Answer Question 4 on p540.

5. Answer Question 7 on p540.

Tutorial 10 (Ch26 & 28)


1. Answer Question 1 on p560.

2. Answer Question 6 on p561.

3. Answer Question 2 on p598.

4. Answer Question 8 on p599.

5. Answer Question 9 on p599.

Tutorial 11 (Ch29 & 30)


1. Answer Question 6 on p625.

2. Answer Question 9 on p625.

3. Answer Question 12 on p625.

4. Answer Question 3 on p650.

5. Answer Question 9 on p650.

Tutorial 12 (Ch31)
1. Answer Question 2 on p674.

2. Answer Question 5 on p674.

3. Answer Question 7 on p674.

4. Answer Question 9 on p675.

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