BA 210

Final Version A

Exam Grades

Dr. Jon Burke

Spring 2010

Exam Score 3.85-4.00

Pepperdine University

Ltr Grade

Student Code Number

Section 1: MTh 2-3:30
335
611
725
139
91
670
67
6
405
770
65
789
913
Class Summary
Average
Grade Reporting
Point Catagories
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9

Exam
Grade
2.28
3.94

Question 1

Identify
Non-Special
Total/Max
2 pts.
2.0
1.0
4.0
2.0

3.94
3.11
2.28
3.11
1.50
3.53
1.50
4.00
1.86
2.56
1.50

4.0
4.0
4.0
2.0
2.0
4.0
2.0
4.0
2.0
4.0
2.0

2.70

3.08

2.0
2.0
2.0
1.0
1.0
2.0
1.0
2.0
1.0
2.0
1.0

Find
Price
2 pts.
1.0
2.0
2.0
2.0
2.0
1.0
1.0
2.0
1.0
2.0
1.0
2.0
1.0

3.50-3.84
A-

3.15-3.49
B+

2.85-3.14
B

Question 2 CS & PS
TS lost Question 3
PS lost Wasted Re.
Total/Max
2 pts.
2 pts.
Total/Max
1.0
2.0
1.0
2.0
2.0
4.0
2.0
4.0
4.0
3.0
2.0
4.0
2.0
4.0
3.0
4.0
3.0
2.0
2.0

2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.0

3.00

2.0
1.0
0.0
2.0
0.0
2.0
1.0
2.0
1.0
0.0
0.0

2.0
3.0
0.0
2.0
1.0
2.0
0.0
3.0
2.0
4.0
0.0
1.92

2.50-2.84
B-

Quantity
CS, PS
2 pts.
1.0
2.0
1.0
2.0
0.0
1.0
1.0
2.0
0.0
2.0
1.0
2.0
0.0

2.15-2.49
C+

1.85-2.14
C

1.50-1.84
C-

1.15-1.49
D+

0.85-1.14
D

Revenue Question 4
Gain
Cost
Question 5
DWL
Agreement Agreement
2 pts.
Total/Max
2 pts.
2 pts.
Total/Max
1.0
1.0
4.0
3.0
2.0
2.0
2.0
2.0
4.0
2.0
1.0
1.0
0.0
1.0
0.0
0.0
0.0
1.0
1.0
2.0
0.0

4.0
3.0
4.0
4.0
3.0
4.0
3.0
4.0
3.0
3.0
3.0
3.46

2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.0
2.0

2.0
1.0
2.0
2.0
1.0
2.0
1.0
2.0
1.0
1.0
1.0

4.0
4.0
3.0
3.5
2.0
3.0
2.0
4.0
4.0
2.0
3.0
3.12

0-0.84
F

Price
Solution
2 pts.
2.0
1.0
2.0
2.0
1.0
2.0
1.0
2.0
2.0
2.0
2.0
1.0
2.0

Guarantee Question 6
Solution
2 pts.
Total/Max
2.0
4.0
1.0
4.0
2.0
2.0
2.0
1.5
1.0
1.0
0.0
2.0
2.0
1.0
1.0

4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0
4.0

One
Shot
1 pt.
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0
1.0

4.00

Each quesiton scores points that are broken down into categories.

For full credit, identify Honduras as the country that does not specialize production.
Idenfity Non-Special
For full credit, find $2 as the price of dresses that makes Honduras choose to not specialize.
Find Price
For full credit, compute $20 as an initial CS and $18 as the initial PS; compute $5 as the lost PS from inefficient allocation of employment.
CS & PS, PS lost
TS lost, Wasted Resour.For full credit, compute $12 as the minimum lost TS from reduced employment; compute $9x2 as the wasted resources from competition for employment.
For full credit, compute quantity 2 after tax, and $1 as CS and $1 as PS after tax.
Quantity; CS, PS
For full credit, compute $8 tax revenue, and $2 as DWL.
Revenue; DWL
For full credit, compute Albuquerque agrees to 60% of the gain.
Gain Agreement
For full credit, compute Albuquerque agrees to $3400 of the cost (or $680 per trip).
Cost Agreement
For full credit, compute price $60 as the dominance solution to the price competition game.
Price Solution
For full credit, compute price $70 as the dominance solution to the modiflied low-price competition game.
Guarantee Solution
For full credit, find Advertise as the dominance solution to the one-shot game.
One Shot
For full credit, compute $40 as the gain from cheating on the Grim strategy, $20 as the perpetual loss from cheating, and $20/0.20 = $100 as the present value of the loss (all in thousands).
Grim Cooperation
For full credit, compute $0.80 as total surplus before the tax.
TS before tax
For full credit, compute $1.45 as total surplus after the tax.
TS after tax
For full credit, compute probability .762 of the employee working.
Prob. Work
For full credit, compute probability .619 of the employer monitoring.
Prob. Monitor
For full credit, compute 7 as the minimum number of courses so Type B does not take courses.
At least 7
For full credit, compute 35 as the maximum number of courses so Type A does take courses.
No more than 35

Page 1 of 1

Grim
Question 7
TS
Cooperationx
before tax
3 pts.
Total/Max
2 pts.
3.0
4.0
2.0
3.0
4.0
2.0
3.0
3.0
3.0
3.0
3.0
3.0
3.0
3.0
3.0
3.0
3.0

4.0
4.0
4.0
3.5
2.0
3.5
3.0
3.5
3.0
3.0
3.0
3.42

2.0
2.0
2.0
2.0
1.0
2.0
1.0
2.0
1.0
1.0
2.0

TS
after tax
2 pts.
2.0
2.0

Question 8

Prob.
Monitor
2 pts.
1.5
2.0

Question 9

Total/Max
3.0
4.0

Prob.
Work
2 pts.
1.5
2.0

2.0
2.0
2.0
1.5
1.0
1.5
2.0
1.5
2.0
2.0
1.0

4.0
4.0
3.0
4.0
4.0
4.0
1.0
4.0
1.5
3.0
4.0

2.0
2.0
2.0
2.0
2.0
2.0
1.0
2.0
1.5
1.5
2.0

2.0
2.0
1.0
2.0
2.0
2.0
0.0
2.0
0.0
1.5
2.0

3.35

Total/Max
4.0
4.0

At least
7
2 pts.
2.0
2.0

No more
than 35
2 pts.
2.0
2.0

Total
Score
36 pts.
28.00
34.00

Percent
Correct
100%
77.78
94.44

Exam
Grade
4.00
2.28
3.94

4.0
2.0
4.0
4.0
4.0
4.0
0.0
4.0
4.0
4.0
4.0

2.0
1.0
2.0
2.0
2.0
2.0
0.0
2.0
2.0
2.0
2.0

2.0
1.0
2.0
2.0
2.0
2.0
0.0
2.0
2.0
2.0
2.0

34.00
31.00
28.00
31.00
24.00
32.50
18.00
34.50
26.50
29.00
25.00

94.44
86.11
77.78
86.11
66.67
90.28
50.00
95.83
73.61
80.56
69.44

3.94
3.11
2.28
3.11
1.50
3.53
1.50
4.00
1.86
2.56
1.50

28.88

80.24

2.70

3.54

Student Code Number

335
611
0
725
139
91
670
67
6
405
770
65
789
913