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April 21st, 2013, 07:23 PM   #1
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Is my Professor Wrong? Basic Econ Problems

Hi guys,

I am doing a study guide provided by my professor, and I am getting very different answers from the answers he provides. He is not the easiest professor to contact (speaks a different language and rarely checks his email).

problem 1
http://i1345.photobucket.com/albums/...ps7aaeb95a.png

problem 2
http://i1345.photobucket.com/albums/...ps7acb2fd1.png

So far I was getting everything right in the study guide, but these problems seriously have me worried that I am not prepared for the exam tomorrow. He is known to make a lot of mistakes in the past, so I am not sure if it is my answers that are wrong or his. Please help! What answers are you guys getting for these and why?
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April 22nd, 2013, 07:54 AM   #2
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Re: Is my Professor Wrong? Basic Econ Problems

Are you serious...looks too easy to be true

Your 1st link show this column:
0: 0
1: 100
2: 300
3: 600
4: 1000
5: 1500
6: 2100
7: 2800
8: B
9: 4500
10: 5500

You're asked to pick one of these as describing above:
a) decreasing at constant rate
b) decreasing at decreasing rate
c) increasing at constant rate
d) increasing at increasing rate

WHY a) and b) ? Anyone can see the darn thing is increasing!
Easy to see increases are 100, 200, 300, 400, 500, 600, 700, 800, 900, 1000
So not c) ; therefore answer is d)

PLUS if you're asked for B's value, you can easily tell it's 2800 + 800 = 3600, right?

Is your teacher REALLY getting these wrong?
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April 22nd, 2013, 10:20 AM   #3
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Re: Is my Professor Wrong? Basic Econ Problems

Quote:
Originally Posted by Denis
Are you serious...looks too easy to be true
Looks more like "would someone answer this question for me" -- which you did -- to me.
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April 22nd, 2013, 11:03 AM   #4
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Re: Is my Professor Wrong? Basic Econ Problems

Quote:
Originally Posted by CRGreathouse
Looks more like "would someone answer this question for me" -- which you did -- to me.
Agree....BUT he asked so "nicely"....
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