1 Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 3.1 Laboratory Objective The objective of this laboratory is to understand the basic properties of sinusoids and sinusoid measurements. 3.2 Educational Objectives After performing this experiment, students should be able to: 1. Understand the properties of sinusoids. 2. Understand sinusoidal manipulation 3. Use a function generator 4. Obtain measurements using an oscilloscope 3.3 Background Sinusoids are sine or cosine waveforms that can describe many engineering phenomena. Any oscillatory motion can be described using sinusoids. Many types of electrical signals such as square, triangle, and sawtooth waves are modeled using sinusoids. Their manipulation incurs the understanding of certain quantities that describe sinusoidal behavior. These quantities are described below. 3.3.1 Sinusoid Characteristics Amplitude The amplitude A of a sine wave describes the height of the hills and valleys of a sinusoid. It carries the physical units of what the sinusoid is describing (volts, amps, meters, etc.). Frequency There are two types of frequencies that can describe a sinusoid. The normal frequency f is how many times the sinusoid repeats per unit time. It has units of cycles per second (s-1) or Hertz (Hz). The angular frequency ω is how many radians pass per second. Consequently, ω has units of radians per second. Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 2 Period The period T is how long a sinusoid takes to repeat one complete cycle. The period is measured in seconds. Phase The phase φ of a sinusoid causes a horizontal shift along the t-axis. The phase has units of radians. TimeShift The time shift ts of a sinusoid is a horizontal shift along the t-axis and is a time measurement of the phase. The time shift has units of seconds. NOTE: A sine wave and a cosine wave only differ by a phase shift of 90° or ?2 radians. In reality, they are the same waveform but with a different φ value. 3.3.2 Sinusoidal Relationships Figure 3.1: Sinusoid The general equation of a sinusoid is given below and refers to Figure 3.1. ?(?) = ????(?? +?) (3.1) The angular frequency is related to the normal frequency by Equation 3.2. ?= 2?? (3.2) The angular frequency is also related to the period by Equation 3.3. ?=2?? (3.3) By inspection, the normal frequency is related to the period by Equation 3.4. ? =1? (3.4) ?? Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 3 The time shift is related to the phase (radians) and the frequency by Equation 3.5. ??= ∅2?? (3.5) 3.3.3 Equipment 3.3.3.1 Inductors Inductors are electrical components that resist a change in the flow of current passing through them. They are essentially coils of wire. Inductors are electromagnets too. They are represented in schematics using the following symbol and physically using the following equipment (with or without exposed wire): Figure 3.2: Symbol and Physical Example for Inductors 3.3.3.2 Capacitors Capacitors are electrical components that store energy. This enables engineers to store electrical energy from an input source such as a battery. Some capacitors are polarized and therefore have a negative and positive plate. One plate is straight, representing the positive terminal on the device, and the other is curved, representing the negative one. Polarized capacitors are represented in schematics using the following symbol and physically using the following equipment: Figure 3.3: Symbol and Physical Example for Capacitors 3.3.3.3 Function Generator A function generator is used to create different types of electrical waveforms over a wide range of frequencies. It generates standard sine, square, and triangle waveforms and uses the analog output channel. 3.3.3.5 Oscilloscope An oscilloscope is a type of electronic test instrument that allows observation of constantly varying voltages, usually as a two-dimensional plot of one or more signals as a function of time. It displays voltage data over time for the analysis of one or two voltage measurements taken from the analog input channels of the Oscilloscope. The observed waveform can be analyzed for amplitude, frequency, time interval and more. Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 4 3.4 Procedure Follow the steps outlined below after the instructor has explained how to use the laboratory equipment 3.4.1 Sinusoidal Measurements 1. Connect the output channel of the Function Generator to the channel one of the Oscilloscope. 2. Complete Table 3.1 using the given values for voltage and frequency. Table 3.1: Sinusoid Measurements Function Generator Oscilloscope (Measured) Calculated Voltage Amplitude, A (V ) Frequency (Hz) 2*A (Vp−p ) f (Hz) T (sec) ω (rad/sec) T (sec) 2.5 1000 3 5000 3.4.2 Circuit Measurements 1. Connect the circuit in figure 3.4 below with the given resistor and capacitor NOTE: Vs from the circuit comes from the Function Generator using a BNC connector. Figure 3.4: RC Circuit Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 5 2. Using the alligator to BNC cables, connect channel one of the Oscilloscope across the capacitor and complete Table 3.2 Table 3.2: Capacitor Sinusoid Function Generator Oscilloscope (Measured) Calculated Vs (Volts) Frequency (Hz) Vc (volts) f (Hz) T (sec) ω (rad/sec) 2.5 100 3. Disconnect channel one and connect channel two of the oscilloscope across the resistor and complete table 3.3. Table 3.3: Resistor Sinusoid Function Generator Oscilloscope (Measured) Calculated Vs (Volts) Frequency (Hz) VR (volts) f (Hz) T (sec) ω (rad/sec) 2.5 100 4. Leaving channel two connected across the resistor, clip the positive lead to the positive side of the capacitor and complete table 3.4 Table 3.4: Phase Difference Function Generator Oscilloscope (Measured) Calculated Vs (volts) Frequency (Hz) Divisions Time/Div (sec) ts (sec) ɸ (rad) ɸ (degrees) 2.5 100 5. Using the data from Tables 3.2, 3.3, and 3.4, plot the capacitor sinusoidal equation and the resistor sinusoidal equation on the same graph using MATLAB. HINT: Plot over one period. 6. Kirchoff’s Voltage Law states that ??(?)=??(?)+??(?). Calculate Vs by hand using the following equation and Tables 3.2 and 3.3 ??(?)=√??2+??2???(??−???−1(????)) Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 6 3.5 New MATLAB Commands hold on  This command allows multiple graphs to be placed on the same XY axis and is placed after the first plot statement. legend (’string 1’, ’string2’, ‘string3’)  This command adds a legend to the plot. Strings must be placed in the order as the plots were generated. plot (x, y, ‘line specifiers’)  This command plots the data and uses line specifiers to differentiate between different plots on the same XY axis. In this lab, only use different line styles from the table below. Table 3.5: Line specifiers for the plot() command sqrt(X)  This command produces the square root of the elements of X. NOTE: The “help” command in MATLAB can be used to find a description and example for functions such as input.  For example, type “help input” in the command window to learn more about the input function. NOTE: Refer to section the “MATLAB Commands” sections from prior labs for previously discussed material that you may also need in order to complete this assignment. Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 7 3.6 Lab Report Requirements 1. Complete Tables 3.1, 3.2, 3.3, 3.4 (5 points each) 2. Show hand calculations for all four tables. Insert after this page (5 points each) 3. Draw the two sinusoids by hand from table 3.1. Label amplitude, period, and phase. Insert after this page. (5 points) 4. Insert MATLAB plot of Vc and VR as obtained from data in Tables 3.2 and 3.3 after this page. (5 points each) 5. Show hand calculations for Vs(t). Insert after this page. (5 points) 6. Using the data from the Tables, write: (10 points) a) Vc(t) = b) VR(t) = 7. Also, ???(?)=2.5???(628?). Write your Vs below and give reasons why they are different. (10 points) a) Vs(t) = b) Reasons: 8. Write an executive summary for this lab describing what you have done, and learned. (20 points)

1 Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 3.1 Laboratory Objective The objective of this laboratory is to understand the basic properties of sinusoids and sinusoid measurements. 3.2 Educational Objectives After performing this experiment, students should be able to: 1. Understand the properties of sinusoids. 2. Understand sinusoidal manipulation 3. Use a function generator 4. Obtain measurements using an oscilloscope 3.3 Background Sinusoids are sine or cosine waveforms that can describe many engineering phenomena. Any oscillatory motion can be described using sinusoids. Many types of electrical signals such as square, triangle, and sawtooth waves are modeled using sinusoids. Their manipulation incurs the understanding of certain quantities that describe sinusoidal behavior. These quantities are described below. 3.3.1 Sinusoid Characteristics Amplitude The amplitude A of a sine wave describes the height of the hills and valleys of a sinusoid. It carries the physical units of what the sinusoid is describing (volts, amps, meters, etc.). Frequency There are two types of frequencies that can describe a sinusoid. The normal frequency f is how many times the sinusoid repeats per unit time. It has units of cycles per second (s-1) or Hertz (Hz). The angular frequency ω is how many radians pass per second. Consequently, ω has units of radians per second. Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 2 Period The period T is how long a sinusoid takes to repeat one complete cycle. The period is measured in seconds. Phase The phase φ of a sinusoid causes a horizontal shift along the t-axis. The phase has units of radians. TimeShift The time shift ts of a sinusoid is a horizontal shift along the t-axis and is a time measurement of the phase. The time shift has units of seconds. NOTE: A sine wave and a cosine wave only differ by a phase shift of 90° or ?2 radians. In reality, they are the same waveform but with a different φ value. 3.3.2 Sinusoidal Relationships Figure 3.1: Sinusoid The general equation of a sinusoid is given below and refers to Figure 3.1. ?(?) = ????(?? +?) (3.1) The angular frequency is related to the normal frequency by Equation 3.2. ?= 2?? (3.2) The angular frequency is also related to the period by Equation 3.3. ?=2?? (3.3) By inspection, the normal frequency is related to the period by Equation 3.4. ? =1? (3.4) ?? Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 3 The time shift is related to the phase (radians) and the frequency by Equation 3.5. ??= ∅2?? (3.5) 3.3.3 Equipment 3.3.3.1 Inductors Inductors are electrical components that resist a change in the flow of current passing through them. They are essentially coils of wire. Inductors are electromagnets too. They are represented in schematics using the following symbol and physically using the following equipment (with or without exposed wire): Figure 3.2: Symbol and Physical Example for Inductors 3.3.3.2 Capacitors Capacitors are electrical components that store energy. This enables engineers to store electrical energy from an input source such as a battery. Some capacitors are polarized and therefore have a negative and positive plate. One plate is straight, representing the positive terminal on the device, and the other is curved, representing the negative one. Polarized capacitors are represented in schematics using the following symbol and physically using the following equipment: Figure 3.3: Symbol and Physical Example for Capacitors 3.3.3.3 Function Generator A function generator is used to create different types of electrical waveforms over a wide range of frequencies. It generates standard sine, square, and triangle waveforms and uses the analog output channel. 3.3.3.5 Oscilloscope An oscilloscope is a type of electronic test instrument that allows observation of constantly varying voltages, usually as a two-dimensional plot of one or more signals as a function of time. It displays voltage data over time for the analysis of one or two voltage measurements taken from the analog input channels of the Oscilloscope. The observed waveform can be analyzed for amplitude, frequency, time interval and more. Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 4 3.4 Procedure Follow the steps outlined below after the instructor has explained how to use the laboratory equipment 3.4.1 Sinusoidal Measurements 1. Connect the output channel of the Function Generator to the channel one of the Oscilloscope. 2. Complete Table 3.1 using the given values for voltage and frequency. Table 3.1: Sinusoid Measurements Function Generator Oscilloscope (Measured) Calculated Voltage Amplitude, A (V ) Frequency (Hz) 2*A (Vp−p ) f (Hz) T (sec) ω (rad/sec) T (sec) 2.5 1000 3 5000 3.4.2 Circuit Measurements 1. Connect the circuit in figure 3.4 below with the given resistor and capacitor NOTE: Vs from the circuit comes from the Function Generator using a BNC connector. Figure 3.4: RC Circuit Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 5 2. Using the alligator to BNC cables, connect channel one of the Oscilloscope across the capacitor and complete Table 3.2 Table 3.2: Capacitor Sinusoid Function Generator Oscilloscope (Measured) Calculated Vs (Volts) Frequency (Hz) Vc (volts) f (Hz) T (sec) ω (rad/sec) 2.5 100 3. Disconnect channel one and connect channel two of the oscilloscope across the resistor and complete table 3.3. Table 3.3: Resistor Sinusoid Function Generator Oscilloscope (Measured) Calculated Vs (Volts) Frequency (Hz) VR (volts) f (Hz) T (sec) ω (rad/sec) 2.5 100 4. Leaving channel two connected across the resistor, clip the positive lead to the positive side of the capacitor and complete table 3.4 Table 3.4: Phase Difference Function Generator Oscilloscope (Measured) Calculated Vs (volts) Frequency (Hz) Divisions Time/Div (sec) ts (sec) ɸ (rad) ɸ (degrees) 2.5 100 5. Using the data from Tables 3.2, 3.3, and 3.4, plot the capacitor sinusoidal equation and the resistor sinusoidal equation on the same graph using MATLAB. HINT: Plot over one period. 6. Kirchoff’s Voltage Law states that ??(?)=??(?)+??(?). Calculate Vs by hand using the following equation and Tables 3.2 and 3.3 ??(?)=√??2+??2???(??−???−1(????)) Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 6 3.5 New MATLAB Commands hold on  This command allows multiple graphs to be placed on the same XY axis and is placed after the first plot statement. legend (’string 1’, ’string2’, ‘string3’)  This command adds a legend to the plot. Strings must be placed in the order as the plots were generated. plot (x, y, ‘line specifiers’)  This command plots the data and uses line specifiers to differentiate between different plots on the same XY axis. In this lab, only use different line styles from the table below. Table 3.5: Line specifiers for the plot() command sqrt(X)  This command produces the square root of the elements of X. NOTE: The “help” command in MATLAB can be used to find a description and example for functions such as input.  For example, type “help input” in the command window to learn more about the input function. NOTE: Refer to section the “MATLAB Commands” sections from prior labs for previously discussed material that you may also need in order to complete this assignment. Laboratory 3 – Sinusoids in Engineering: Measurement and Analysis of Harmonic Signals 7 3.6 Lab Report Requirements 1. Complete Tables 3.1, 3.2, 3.3, 3.4 (5 points each) 2. Show hand calculations for all four tables. Insert after this page (5 points each) 3. Draw the two sinusoids by hand from table 3.1. Label amplitude, period, and phase. Insert after this page. (5 points) 4. Insert MATLAB plot of Vc and VR as obtained from data in Tables 3.2 and 3.3 after this page. (5 points each) 5. Show hand calculations for Vs(t). Insert after this page. (5 points) 6. Using the data from the Tables, write: (10 points) a) Vc(t) = b) VR(t) = 7. Also, ???(?)=2.5???(628?). Write your Vs below and give reasons why they are different. (10 points) a) Vs(t) = b) Reasons: 8. Write an executive summary for this lab describing what you have done, and learned. (20 points)

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ECON 101 FALL 2015 EXAM 1 NAME:______________________________ 1. Suppose the price elasticity of demand for cheeseburgers equals 1.37. This means the overall demand for cheeseburgers is: A) price elastic. B) price inelastic. C) price unit-elastic. D) perfectly price inelastic. 2. The price elasticity of demand for skiing lessons in New Hampshire is less than 1.00. This means that the demand is ______ in New Hampshire. A) price elastic B) price inelastic C) price unit-elastic D) perfectly price elastic 3. If the demand for textbooks is price inelastic, which of the following would explain this? A) Many alternative textbooks can be used as substitutes. B) Students have a lot of time to adjust to price changes. C) Textbook purchases consume a large portion of most students’ income. D) The good is a necessity. 4. A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, “Due to the increase in tuition, how many of you will transfer to another university?” One student out of about 300 said that he or she would transfer. Based on this information, the price elasticity of demand for education at this university is: (Hint: one out of 300 is how much of a percentage change? Which percentage change is greater – tuition or transfer? Apply the basic formula for elasticity that I put on the board a few times.) A) one. B) highly elastic. C) highly inelastic. D) zero. 5. Suppose the price elasticity of demand for fishing lures equals 1 in South Carolina and 0.63 in Alabama. To increase revenue, fishing lure manufacturers should: (Hint: If the demand for a product is inelastic, the price can go up and you’ll still buy it, since there are no or few substitutes. If the demand for a product is elastic, the price can go up and you’ll probably walk away from it, since substitutes are available. How might this info impact the pricing strategies of firms?) A) lower prices in each state. B) raise prices in each state. C) lower prices in South Carolina and raise prices in Alabama. D) leave prices unchanged in South Carolina and raise prices in Alabama. Read your syllabus and answer questions 6 through 10: 6. T or F: Disruptive classroom behavior includes the following: chatting with fellow students, use of electronic devices such as laptops, tablets, notebooks, and cell phones, reading or studying during class, sleeping, arriving late, departing early, studying for another class, or in any other way disturbing the class. 7. T or F: It’s OK to use my computer in class or play with my phone. There is no penalty attached to these activities and Keiser doesn’t really mind. 8. T or F: It’s OK to show up late for class and disrupt one of Keiser’s swashbuckling lectures. 9. T or F: Attendance is highly optional since it doesn’t impact my final course grade. 10. T or F: I should blow off the career plan/business plan assignment in this course because it’s unimportant to my future and not worth many points. 11. Jacquelyn is a student at a major state university. Which of the following is not an example of an explicit, or direct, cost of her attending college? A) Tuition B) Textbooks C) the salary that she could have earned working full time D) computer lab fees 12. The two principles of tax fairness are: A) the minimize distortions principle and the maximize revenue principle. B) the benefits principle and the ability-to-pay principle. C) the proportional tax principle and the ability-to-pay principle. D) the equity principle and the efficiency principle. 13. The benefits principles says: A) the amount of tax paid depends on the measure of value. B) those who benefit from public spending should bear the burden of the tax that pays for that spending. C) those with greater ability to pay should pay more tax. D) those who benefit from the tax should pay the same percentage of the tax base as those who do not benefit. 14. A tax that rises less than in proportion to income is described as: (Hint: This would have more of a negative impact on lower income earners vs. higher income earners.) A) progressive. B) proportional. C) regressive. D) structural. 15. The U.S. income tax is _______, while the payroll tax is _______. (Hint: Think income tax vs. Social Security tax.) A) progressive; progressive C) regressive; progressive B) progressive; regressive D) regressive; regressive 16. Who is currently leading in the polls to receive the Republican nomination as that party’s presidential candidate? A) Qasem Soleimani B) Abu Bakr al-Baghdadi C) Osama bin Laden D) Donald J. Trump 17. The single most important thing I’ve learned in class this term is: A) stay in frickin’ school B) stay in school and make a plan for life and my career C) the use of cheese for skyscraper construction D) both A and B above 18. Market equilibrium occurs when: A) there is no incentive for prices to change in the market. B) quantity demanded equals quantity supplied. C) the market clears. D) all of the above occur. 19. Excess supply occurs when: (Hint: Draw a supply and demand graph! Think about price ceilings and floors and the graphs of these we discussed in class.) A) the price is above the equilibrium price. B) the quantity demanded exceeds the quantity supplied. C) the price is below the equilibrium price. D) both b and c occur. 20. The single most important thing I’ve learned in class this term is: a. stay in school and look into either a study abroad or internship experience b. stay in school and make a plan for life and my career c. the untimely demise of Cecil the lion in Zimbabwe d. both a. and b. above 21. According to the textbook definition, mainstream microeconomics generally focuses on a. how individual decision-making units, like households and firms, make economic decisions. b. the performance of the national economy and policies to improve this performance. c. the relationship between economic and political institutions. d. the general level of prices in the national economy. 22. Which of the following is the best summary of the three basic economic questions? a. Who? Why? and When? b. What? How? and Who? c. When? Where? and Why? d. What? Where? and Who? 23. Which of the following is not one of the basic economic resources? a. land b. labor c. capital d. cheese e. entrepreneurship 24. The largest country in the Arabian Peninsula and home to the cities of Riyadh, Jeddah, Mecca, and Medina is: a. The Kingdom of Saudi Arabia b. California c. Spain d. Kentucky 25. T or F: The law of demand explains the upward slope of the supply curve. 26. In economics, a “marginal” value refers to: a. the value associated with an important or marginal activity. b. a value entered as an explanatory item in the margin of a balance sheet or other accounts. c. the value associated with one more unit of an activity. d. a value that is most appropriately identified in a footnote. 27. A government mandated price that is below the market equilibrium price is sometimes called. . . (Hint: Draw a graph again and think about what the government is trying to accomplish.) a. a price ceiling. b. a price floor. c. a market clearing price. d. a reservation price. 28. T or F: Entering the US job market without any education or training is crazy and should be avoided. Stay in frickin’ school, baby! 29. The law of demand states that, other things equal: a. as the price increases, the quantity demanded will increase. b. as the price decreases, the demand curve will shift to the right. c. as the price increases, the quantity demanded will decrease. d. none of the above. 30. The law of supply says: a. other things equal, the quantity supplied of a good is inversely related to the price of the good. b. other things equal, the supply of a good creates its own demand. c. other things equal, the quantity supplied of a good is positively related to the price of the good. d. none of the above. 31. A perfectly inelastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 32. A trade-off involves weighing costs and benefits. a. true b. false 33. A perfectly elastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 34. The second most important thing I’ve learned in class this term is: a. despair is not an option b. Donald J. Trump’s hair is real c. the use of cheese for skyscraper construction d. none of the above 35. T or F: Virtually any news item has important economic dimensions and consequences. 36. T or F: When studying economics, always think in terms of historical context. 37. This popular Asian country is populated by 1.3 billion people, has the world’s second largest economy, and uses a language that’s been in continuous use for nearly 5,000 years: a. Kentucky b. California c. Spain d. China 38. T or F: The top priority in my life right now should be my education and an internship experience. Without these, the job market is going to kick my butt! 39. Which of the following is a key side effect generated by the use of price ceilings? a. black markets b. products with too high of quality c. an excess supply of a good d. too many resources artificially channeled into the production of a good 40. Which of the following is NOT one of the four basic principles for understanding individual choice? a. Resources are scarce. b. The real cost of something is the money that you must pay to get it. c. “How much?” is a decision at the margin. d. People usually take advantage of opportunities to make themselves better off. 41. A hot mixture of pan drippings, flour, and water is commonly known as: a. interest rates and expected future real GDP. b. interest rates and current real GDP. c. inflation and expected future real GDP. d. gravy. 42. The example we used in class when discussing the inefficiency of quantity quotas was: a. Uber b. General Electric c. AT&T d. the KSU marching band 43. The term we learned in class signifying a key method of non-price competition is: a. excess supply chain management b. arbitrage c. swashbuckling d. product differentiation 44. When discussing market failure and the role of regulation in class, which company/product did we use as an example? a. Pabst Blue Ribbon b. JetBlue c. Blue Bell d. Blue Apron 45. Governments may place relatively high sales taxes on goods such as alcohol and tobacco because: a. such taxes are a significant source of revenue b. such goods exhibit inelastic demand c. such taxes may discourage use of these products d. all of the above 46. When discussing the cost of higher education in class, which country did we cite as an example of one that offers free college for qualifying students? a. USSR b. Rhodesia c. Czechoslovakia d. Germany 47. Which of the following is not an example of market failure we discussed in class? a. externalities b. public goods c. fungible goods d. common pool resources e. equity 48. T or F: As we discussed in class, the real reason why the US has lost jobs to China is the “most favored nation” (MFN) trading status granted to China by the US back in the 1980s. 49. The dude we talked about in class who coined the expression “invisible hand” and promoted self-interest and competition in his famous book “The Wealth of Nations” is: a. Abu Bakr al-Baghdadi b. Ali Khamenei c. Donald J. Trump d. Adam Smith 50. When studying for your final exams and attempting to allocate your limited time among several subjects in order to maximize your course grades (recall, we talked about this example during the first week of class), you’re almost unconsciously engaging in a form of: a. fraud b. miscellaneous serendipity b. mitosis d. marginal analysis

ECON 101 FALL 2015 EXAM 1 NAME:______________________________ 1. Suppose the price elasticity of demand for cheeseburgers equals 1.37. This means the overall demand for cheeseburgers is: A) price elastic. B) price inelastic. C) price unit-elastic. D) perfectly price inelastic. 2. The price elasticity of demand for skiing lessons in New Hampshire is less than 1.00. This means that the demand is ______ in New Hampshire. A) price elastic B) price inelastic C) price unit-elastic D) perfectly price elastic 3. If the demand for textbooks is price inelastic, which of the following would explain this? A) Many alternative textbooks can be used as substitutes. B) Students have a lot of time to adjust to price changes. C) Textbook purchases consume a large portion of most students’ income. D) The good is a necessity. 4. A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, “Due to the increase in tuition, how many of you will transfer to another university?” One student out of about 300 said that he or she would transfer. Based on this information, the price elasticity of demand for education at this university is: (Hint: one out of 300 is how much of a percentage change? Which percentage change is greater – tuition or transfer? Apply the basic formula for elasticity that I put on the board a few times.) A) one. B) highly elastic. C) highly inelastic. D) zero. 5. Suppose the price elasticity of demand for fishing lures equals 1 in South Carolina and 0.63 in Alabama. To increase revenue, fishing lure manufacturers should: (Hint: If the demand for a product is inelastic, the price can go up and you’ll still buy it, since there are no or few substitutes. If the demand for a product is elastic, the price can go up and you’ll probably walk away from it, since substitutes are available. How might this info impact the pricing strategies of firms?) A) lower prices in each state. B) raise prices in each state. C) lower prices in South Carolina and raise prices in Alabama. D) leave prices unchanged in South Carolina and raise prices in Alabama. Read your syllabus and answer questions 6 through 10: 6. T or F: Disruptive classroom behavior includes the following: chatting with fellow students, use of electronic devices such as laptops, tablets, notebooks, and cell phones, reading or studying during class, sleeping, arriving late, departing early, studying for another class, or in any other way disturbing the class. 7. T or F: It’s OK to use my computer in class or play with my phone. There is no penalty attached to these activities and Keiser doesn’t really mind. 8. T or F: It’s OK to show up late for class and disrupt one of Keiser’s swashbuckling lectures. 9. T or F: Attendance is highly optional since it doesn’t impact my final course grade. 10. T or F: I should blow off the career plan/business plan assignment in this course because it’s unimportant to my future and not worth many points. 11. Jacquelyn is a student at a major state university. Which of the following is not an example of an explicit, or direct, cost of her attending college? A) Tuition B) Textbooks C) the salary that she could have earned working full time D) computer lab fees 12. The two principles of tax fairness are: A) the minimize distortions principle and the maximize revenue principle. B) the benefits principle and the ability-to-pay principle. C) the proportional tax principle and the ability-to-pay principle. D) the equity principle and the efficiency principle. 13. The benefits principles says: A) the amount of tax paid depends on the measure of value. B) those who benefit from public spending should bear the burden of the tax that pays for that spending. C) those with greater ability to pay should pay more tax. D) those who benefit from the tax should pay the same percentage of the tax base as those who do not benefit. 14. A tax that rises less than in proportion to income is described as: (Hint: This would have more of a negative impact on lower income earners vs. higher income earners.) A) progressive. B) proportional. C) regressive. D) structural. 15. The U.S. income tax is _______, while the payroll tax is _______. (Hint: Think income tax vs. Social Security tax.) A) progressive; progressive C) regressive; progressive B) progressive; regressive D) regressive; regressive 16. Who is currently leading in the polls to receive the Republican nomination as that party’s presidential candidate? A) Qasem Soleimani B) Abu Bakr al-Baghdadi C) Osama bin Laden D) Donald J. Trump 17. The single most important thing I’ve learned in class this term is: A) stay in frickin’ school B) stay in school and make a plan for life and my career C) the use of cheese for skyscraper construction D) both A and B above 18. Market equilibrium occurs when: A) there is no incentive for prices to change in the market. B) quantity demanded equals quantity supplied. C) the market clears. D) all of the above occur. 19. Excess supply occurs when: (Hint: Draw a supply and demand graph! Think about price ceilings and floors and the graphs of these we discussed in class.) A) the price is above the equilibrium price. B) the quantity demanded exceeds the quantity supplied. C) the price is below the equilibrium price. D) both b and c occur. 20. The single most important thing I’ve learned in class this term is: a. stay in school and look into either a study abroad or internship experience b. stay in school and make a plan for life and my career c. the untimely demise of Cecil the lion in Zimbabwe d. both a. and b. above 21. According to the textbook definition, mainstream microeconomics generally focuses on a. how individual decision-making units, like households and firms, make economic decisions. b. the performance of the national economy and policies to improve this performance. c. the relationship between economic and political institutions. d. the general level of prices in the national economy. 22. Which of the following is the best summary of the three basic economic questions? a. Who? Why? and When? b. What? How? and Who? c. When? Where? and Why? d. What? Where? and Who? 23. Which of the following is not one of the basic economic resources? a. land b. labor c. capital d. cheese e. entrepreneurship 24. The largest country in the Arabian Peninsula and home to the cities of Riyadh, Jeddah, Mecca, and Medina is: a. The Kingdom of Saudi Arabia b. California c. Spain d. Kentucky 25. T or F: The law of demand explains the upward slope of the supply curve. 26. In economics, a “marginal” value refers to: a. the value associated with an important or marginal activity. b. a value entered as an explanatory item in the margin of a balance sheet or other accounts. c. the value associated with one more unit of an activity. d. a value that is most appropriately identified in a footnote. 27. A government mandated price that is below the market equilibrium price is sometimes called. . . (Hint: Draw a graph again and think about what the government is trying to accomplish.) a. a price ceiling. b. a price floor. c. a market clearing price. d. a reservation price. 28. T or F: Entering the US job market without any education or training is crazy and should be avoided. Stay in frickin’ school, baby! 29. The law of demand states that, other things equal: a. as the price increases, the quantity demanded will increase. b. as the price decreases, the demand curve will shift to the right. c. as the price increases, the quantity demanded will decrease. d. none of the above. 30. The law of supply says: a. other things equal, the quantity supplied of a good is inversely related to the price of the good. b. other things equal, the supply of a good creates its own demand. c. other things equal, the quantity supplied of a good is positively related to the price of the good. d. none of the above. 31. A perfectly inelastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 32. A trade-off involves weighing costs and benefits. a. true b. false 33. A perfectly elastic demand curve is: a. horizontal. b. downward sloping. c. upward sloping. d. vertical. 34. The second most important thing I’ve learned in class this term is: a. despair is not an option b. Donald J. Trump’s hair is real c. the use of cheese for skyscraper construction d. none of the above 35. T or F: Virtually any news item has important economic dimensions and consequences. 36. T or F: When studying economics, always think in terms of historical context. 37. This popular Asian country is populated by 1.3 billion people, has the world’s second largest economy, and uses a language that’s been in continuous use for nearly 5,000 years: a. Kentucky b. California c. Spain d. China 38. T or F: The top priority in my life right now should be my education and an internship experience. Without these, the job market is going to kick my butt! 39. Which of the following is a key side effect generated by the use of price ceilings? a. black markets b. products with too high of quality c. an excess supply of a good d. too many resources artificially channeled into the production of a good 40. Which of the following is NOT one of the four basic principles for understanding individual choice? a. Resources are scarce. b. The real cost of something is the money that you must pay to get it. c. “How much?” is a decision at the margin. d. People usually take advantage of opportunities to make themselves better off. 41. A hot mixture of pan drippings, flour, and water is commonly known as: a. interest rates and expected future real GDP. b. interest rates and current real GDP. c. inflation and expected future real GDP. d. gravy. 42. The example we used in class when discussing the inefficiency of quantity quotas was: a. Uber b. General Electric c. AT&T d. the KSU marching band 43. The term we learned in class signifying a key method of non-price competition is: a. excess supply chain management b. arbitrage c. swashbuckling d. product differentiation 44. When discussing market failure and the role of regulation in class, which company/product did we use as an example? a. Pabst Blue Ribbon b. JetBlue c. Blue Bell d. Blue Apron 45. Governments may place relatively high sales taxes on goods such as alcohol and tobacco because: a. such taxes are a significant source of revenue b. such goods exhibit inelastic demand c. such taxes may discourage use of these products d. all of the above 46. When discussing the cost of higher education in class, which country did we cite as an example of one that offers free college for qualifying students? a. USSR b. Rhodesia c. Czechoslovakia d. Germany 47. Which of the following is not an example of market failure we discussed in class? a. externalities b. public goods c. fungible goods d. common pool resources e. equity 48. T or F: As we discussed in class, the real reason why the US has lost jobs to China is the “most favored nation” (MFN) trading status granted to China by the US back in the 1980s. 49. The dude we talked about in class who coined the expression “invisible hand” and promoted self-interest and competition in his famous book “The Wealth of Nations” is: a. Abu Bakr al-Baghdadi b. Ali Khamenei c. Donald J. Trump d. Adam Smith 50. When studying for your final exams and attempting to allocate your limited time among several subjects in order to maximize your course grades (recall, we talked about this example during the first week of class), you’re almost unconsciously engaging in a form of: a. fraud b. miscellaneous serendipity b. mitosis d. marginal analysis

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Important Instructions for submitting this, and all subsequent projects: • Name your project .m file as follows: proj4fml.m where the “4” refers to the project number and fml are your first, middle, and last initials. • Inside the project.m file, you MUST have a comment section at the beginning with the following information: A short description of the project, your name, and Bengal ID number, and a listing of all the relevant variables (those that the user sees when using the project), and their meaning. • You will upload the proj4fml.m file to the provided link, on or before the due date and time. NOTE: The upload link will become inactive after the expiration of this due date and time, and you will NOT receive ANY credit for late submissions. Project 4 Instructions: Your program should allow the user to run it as many times as wished. Use an appropriate loop. Your program should implement the following tasks: 1) Display to the user the purpose of this program 2) In this program you will be converting temperature entered by the user in degree Fahrenheit to a) Degree Celsius b) Degree Kelvin c) Rankine or d) Réaumur 3) The formulae for conversion is as follows; Fahrenheit to Celsius C = (F – 32) / 1.8 Fahrenheit to Kelvin K = (F + 459.67) / 1.8 Fahrenheit to Rankine Ra = F + 459.67 Fahrenheit to Réaumur Re = (F – 32) / 2.25 4) You will create a main file which will call any one of the 4 functions. The name of the function files that you will create are as follows; F2C, F2K, F2Ra and F2Re where the actual calculation of the selected conversion will be computed. 5) Each of the function files will have temperature in Fahrenheit as the input argument and the corresponding conversion as its output argument. 6) The program is to run as many times as the user wishes. 7) At the end of the program display an output statement which has the user input (temperature) and the corresponding conversion.

Important Instructions for submitting this, and all subsequent projects: • Name your project .m file as follows: proj4fml.m where the “4” refers to the project number and fml are your first, middle, and last initials. • Inside the project.m file, you MUST have a comment section at the beginning with the following information: A short description of the project, your name, and Bengal ID number, and a listing of all the relevant variables (those that the user sees when using the project), and their meaning. • You will upload the proj4fml.m file to the provided link, on or before the due date and time. NOTE: The upload link will become inactive after the expiration of this due date and time, and you will NOT receive ANY credit for late submissions. Project 4 Instructions: Your program should allow the user to run it as many times as wished. Use an appropriate loop. Your program should implement the following tasks: 1) Display to the user the purpose of this program 2) In this program you will be converting temperature entered by the user in degree Fahrenheit to a) Degree Celsius b) Degree Kelvin c) Rankine or d) Réaumur 3) The formulae for conversion is as follows; Fahrenheit to Celsius C = (F – 32) / 1.8 Fahrenheit to Kelvin K = (F + 459.67) / 1.8 Fahrenheit to Rankine Ra = F + 459.67 Fahrenheit to Réaumur Re = (F – 32) / 2.25 4) You will create a main file which will call any one of the 4 functions. The name of the function files that you will create are as follows; F2C, F2K, F2Ra and F2Re where the actual calculation of the selected conversion will be computed. 5) Each of the function files will have temperature in Fahrenheit as the input argument and the corresponding conversion as its output argument. 6) The program is to run as many times as the user wishes. 7) At the end of the program display an output statement which has the user input (temperature) and the corresponding conversion.

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AUCS 340: Ethics in the Professions Homework Assignment: International and US Health Care Systems The following homework assignment will help you to discover some of the differences between the administration of health care in the United States and internationally. This is a research based assignment; remember the use of Wikipedia.com is not an acceptable reference site for this course. You must include a references cited page for this assignment; correctly formatted APA or MLA references are acceptable (simply stating s web address is NOT a complete reference). The answers should be presented in paragraph formation. Staple all pages together for presentation. The first question refers to a country other than the United States of America 1) Socialized Medicine – provide a definition of the term socialized medicine and discuss a country that currently has a socialized medicine system to cover all citizens; this discussion should include the types of services offered to the citizens of this country. When was this system first implemented in this country? What is the name of this country’s health insurance plan? Compare the ranking for the life expectancy for this country to that of the United States. Which is higher? Why? Compare the cost of financing healthcare in this country to the United States in comparison to the amount of annual funding in dollars and the percentage of gross domestic product spent on health care for each country. What rank does this country have in comparison to the United States for overall health of its citizens? (This portion of the assignment should be approximately one page in length and graphic data is acceptable to support some answers, however, graphic information should only be used to explain your written explanation not as the answer to the question.) Bonus: Is this country’s system currently financially stable? Why or why not? The following questions refer to the delivery of healthcare in the United States of America, as it was organized prior to the implementation of the Affordable Care Act (ACA). The ACA is currently being phased into coverage. It is estimated that the answers to the following questions will result in an additional two to three pages of written text in addition to the page for question number one. 2) Medicare – when was it enacted? Who does it cover? Who was President when Medicare was originally passed? What do the specific portions Part A, Part B and Part D cover? When was Part D enacted? Who was President when Part D was enacted? Is the Medicare system currently financially stable? Why or why not. Compare the average life expectancy for males and females when Medicare was originally passed and the average life expectancy of males and females as of 2010; more recent data is acceptable. Bonus: What does Part C cover and when was it enacted? 3) Health Maintenance Organization (HMO) – Define the term health maintenance organization. When did this type of health insurance plan become popular in the United States? How does this type of system provide medical care to the people enrolled? This answer should discuss in network versus out of network coverage. 4) Medicaid- when was it enacted? Who does it cover? Who was President when this insurance plan was enacted? Are the coverage benefits the same state to state? Why or why not? Is the system currently financially stable? Why or why not. What effect does passage of the ACA project to have on enrollment in the Medicaid system? Why? 5) Organ Transplants – What is the mechanism for placement of a patient’s name on the organ transplant list? What is the current length of time a patient must wait for a heart transplant? Explain at least one reason why transplants are considered an ethical issue. How are transplants financed? Give at least one example of how much any type of organ transplant would cost. 6) Health Insurance/Information Portability and Accountability Act (HIPAA) – When was it enacted? Who was President when this legislation as passed? What is the scope of this legislative for the medical community and the general community? (Hint: There are actually two reasons for HIPAA legislation; make sure to state both in your response) 7) Death with Dignity Act – what year was the Oregon Death with Dignity Act passed? What ethical issue is covered by the Death with Dignity Act? List the factors that must be met for a patient to use the Death with Dignity Act. List two additional states that have enacted Death with Dignity Acts and when was the legislation passed in these states? 8) Hospice – what is hospice care? When was it developed? What country was most instrumental in the development of hospice care? Do health insurance plans in the United States cover hospice care? What types of services are covered for hospice care? Grading: 1) Accuracy and completeness of responses = 60% of grade 2) Correct use of sentence structure, spelling and grammar = 30% of grade 3) Appropriate use of references and citations = 10% of grade Simply stating a web page is not an appropriate reference This assignment is due on the date published in the course syllabus.

AUCS 340: Ethics in the Professions Homework Assignment: International and US Health Care Systems The following homework assignment will help you to discover some of the differences between the administration of health care in the United States and internationally. This is a research based assignment; remember the use of Wikipedia.com is not an acceptable reference site for this course. You must include a references cited page for this assignment; correctly formatted APA or MLA references are acceptable (simply stating s web address is NOT a complete reference). The answers should be presented in paragraph formation. Staple all pages together for presentation. The first question refers to a country other than the United States of America 1) Socialized Medicine – provide a definition of the term socialized medicine and discuss a country that currently has a socialized medicine system to cover all citizens; this discussion should include the types of services offered to the citizens of this country. When was this system first implemented in this country? What is the name of this country’s health insurance plan? Compare the ranking for the life expectancy for this country to that of the United States. Which is higher? Why? Compare the cost of financing healthcare in this country to the United States in comparison to the amount of annual funding in dollars and the percentage of gross domestic product spent on health care for each country. What rank does this country have in comparison to the United States for overall health of its citizens? (This portion of the assignment should be approximately one page in length and graphic data is acceptable to support some answers, however, graphic information should only be used to explain your written explanation not as the answer to the question.) Bonus: Is this country’s system currently financially stable? Why or why not? The following questions refer to the delivery of healthcare in the United States of America, as it was organized prior to the implementation of the Affordable Care Act (ACA). The ACA is currently being phased into coverage. It is estimated that the answers to the following questions will result in an additional two to three pages of written text in addition to the page for question number one. 2) Medicare – when was it enacted? Who does it cover? Who was President when Medicare was originally passed? What do the specific portions Part A, Part B and Part D cover? When was Part D enacted? Who was President when Part D was enacted? Is the Medicare system currently financially stable? Why or why not. Compare the average life expectancy for males and females when Medicare was originally passed and the average life expectancy of males and females as of 2010; more recent data is acceptable. Bonus: What does Part C cover and when was it enacted? 3) Health Maintenance Organization (HMO) – Define the term health maintenance organization. When did this type of health insurance plan become popular in the United States? How does this type of system provide medical care to the people enrolled? This answer should discuss in network versus out of network coverage. 4) Medicaid- when was it enacted? Who does it cover? Who was President when this insurance plan was enacted? Are the coverage benefits the same state to state? Why or why not? Is the system currently financially stable? Why or why not. What effect does passage of the ACA project to have on enrollment in the Medicaid system? Why? 5) Organ Transplants – What is the mechanism for placement of a patient’s name on the organ transplant list? What is the current length of time a patient must wait for a heart transplant? Explain at least one reason why transplants are considered an ethical issue. How are transplants financed? Give at least one example of how much any type of organ transplant would cost. 6) Health Insurance/Information Portability and Accountability Act (HIPAA) – When was it enacted? Who was President when this legislation as passed? What is the scope of this legislative for the medical community and the general community? (Hint: There are actually two reasons for HIPAA legislation; make sure to state both in your response) 7) Death with Dignity Act – what year was the Oregon Death with Dignity Act passed? What ethical issue is covered by the Death with Dignity Act? List the factors that must be met for a patient to use the Death with Dignity Act. List two additional states that have enacted Death with Dignity Acts and when was the legislation passed in these states? 8) Hospice – what is hospice care? When was it developed? What country was most instrumental in the development of hospice care? Do health insurance plans in the United States cover hospice care? What types of services are covered for hospice care? Grading: 1) Accuracy and completeness of responses = 60% of grade 2) Correct use of sentence structure, spelling and grammar = 30% of grade 3) Appropriate use of references and citations = 10% of grade Simply stating a web page is not an appropriate reference This assignment is due on the date published in the course syllabus.

The lecture refers to the Harvard MBA Ethics Oath, which is linked here as well. Answer some (or all) of these questions: • Do think the business environment would benefit or would be harmed if ALL business people abided by the oath? Explain

The lecture refers to the Harvard MBA Ethics Oath, which is linked here as well. Answer some (or all) of these questions: • Do think the business environment would benefit or would be harmed if ALL business people abided by the oath? Explain

The introduction of this pledge or oath plays a significant … Read More...