What situation is described in “Di Grine Kusine”? Why would its pessimistic message make it so popular among Yiddish-speaking Jewish immigrants? 

Lyrics are in the document “Cousin lyrics.”  You can play the two versions here.  Answer all 4 questions below.

Which coat color of horses is more likely to breed “true”?

    Cookies quantityCookies marginalutility Cake quantityCake marginalutility   1 32 1 40   2 28 2 32   3 24 3 24   4 20 4 16   5 16 5 8   6 12 6 0   The above table shows Homer’s marginal utility from consuming various quantities of chocolate chip cookies and cake. The price of cookies is $1 per pound, the price of cake is $2 per slice and Homer has $12 to spend on cookies and cake. Homer will consume ________ pound(s) of cookies and ________ slices of cake.

 Decent Donuts Production    Labor (workers)Total product (dozens of donuts per day)   0 0   1 12   2 26   3 44   4 64   5 86   6 110   7 122   8 125   9 127   10 128   Use the data in the table above and suppose that labor is the only variable resource. When 122 dozen donuts are produced at Decent Donuts, the AVC curve

Accessible description. The figure indicates price is on the y-axis (dollars per ton of paper) and quantity on the x-axis (tons of paper per week). The demand curve slopes downward, and two points lie along the demand curve (100, 150) and (200, 100). The Marginal Social Cost curve slopes upward, and two points lie along the MSC curve (0, 0) and (100, 150). The Marginal Cost curve is upward sloping, and three points lie along the MC curve (0, 0), (100, 50) and (200, 100).  The MSC and the MC intersect the demand curve at (100, 150) and (200, 100). The demand curve is also labeled the marginal benefit curve. f1q76g1.jpg If the government regulates the market in the above figure in a way to achieve efficiency, then ________ tons of paper will be produced and consumed.

Accessible description: The figure indicates price and costs on the y-axis (dollars per unit) and quantity on the x-axis (units per day). Depicted in the figure is a downward sloping marginal revenue curve, which goes through the points (0, 50), (10, 10) and (12.5, 0). Also depicted is a downward sloping demand curve, which goes through the points (0, 50), (10, 30), (15, 20)  and (25, 0). Also depicted is the upward sloping part of the marginal cost curve, which passes through point (10, 10). The Average total cost is u-shaped and passes through the point (10, 20), continuing down and then increases through the point (15, 20).     f1q60g1.jpg The figure above shows the demand and cost curves for a single-price monopolist. The firm’s economic profit equals

Accessible description: The figure indicates on the y-axis price and cost (dollars per unit) and quantity on the x-axis (thousands of units per week). Depicted in the figure is a downward sloping marginal revenue curve, which goes through the points (0, 50) at a, (2, 10) at d and (2.5, 0). Also depicted is a downward sloping demand curve, which goes through the points (0, 5) at a, (2, 30) at c, and (5,0). Also depicted is an upward sloping marginal cost curve, which passes through point (2, 10) at d and (3, 20) at e.  Marginal cost intersects the marginal revenue curve at point d (2, 10) and the demand curve at e (3, 20). Also labeled are points m (3, 0), b (0, 30), i (0, 20), h (0, 10) and f (0, 0). f1q62g1.jpg In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents

   Marginal private benefit (dollars) Quantity (thousands of student-years)   24,000 0   20,000 20   16,000 40   12,000 60   8,000 80   4,000 100   0 120   The table above provides information about the marginal private benefit for education. The marginal cost of educating a student is $16,000 per year and is constant. There is an external benefit from education that is equal to $12,000 per student year and is constant. If the government subsidizes education, how much should the subsidy be in order to attain the efficient level of enrollment?

Accessible description: The figure indicates on the y-axis price and costs in cents per unit and on the x-axis the quantity in pages per hour. Depicted are a marginal cost curve and average total cost curve, which are both u-shaped. Marginal cost curve decreases through points (16,2) and then increases through points (32,4.5,) and (48,4).  Average total cost decreases through point (20,30) and then increases through point (48,4). f1q52g1.jpg Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy’s cost curves. The current market price is 4 cents per page. With no change in demand and technology, in the long run, the price will