1 of 11

ECONOMICS 100
TERM TEST #1
Monday November 15, 2010

1. Duration of Test: 90 minutes

2. There are 6 questions of unequal value:
1. Yes or No / Explaining Concepts 20
2. Supply and Demand 30
3. Consumer Theory 14
4. Short Discussion 20
5. Theory of the Firm 8
6. Multiple Choice 8
TOTAL 100

3. Show your work for full marks (excluding Yes/No and MC questions).

D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
2 of 11

1. Yes or No and Explaining ECO 100 Concepts (20 marks)

1.1 Yes or No

(12) Here is an easy way to start this test just circle either Yes or No for the following
statements to indicate whether you agree (Yes) or disagree (No) with each of them. Thank
your kindly prof for not including a penalty for a wrong answer!

(Assume positively-sloped Supply and negatively-sloped Demand as appropriate. Keep in mind
the concepts discussed in lectures.)


a) An economy produces only Goods X and Y. Its Production
Possibility Curve (PPC) is bowed out (concave to the origin).
This means that the Opportunity Cost along the PPC is rising as
more X is produced.


Yes No


b) Suppose a technological innovation lowers the production costs
of photocopiers, while the Demand for photocopiers has
remained unchanged. Over the relevant quantity, the Price
Elasticity of Demand is less than 1. On that basis, the innovation
will increase both quantity sold and total revenues earned.


Yes No


c) An excise tax is imposed on Good X. The Supply Schedule for
Good X is perfectly inelastic. In this case, the entire burden of
the tax will be borne by producers.

Yes No


d) The Demand Schedule for a good is given by this equation:
Q
D
= 20 0.5P + 0.1I (where P is the price of the good and I is
Household Income). At P = $10 and I = $100, the Income
Elasticity of Demand (E
I
) for this D Schedule has a value of 0.4.


Yes No


e) If the Income Consumption Curve (ICC) for Good X is
negatively-sloped, then the Demand Schedule for Good X is also
always negatively-sloped.

Yes No


f) If, between two levels of Labour input, the Average Product of
Labour is falling, then the Marginal Product of Labour is less
than the Average Product of Labour over that range of Labour
input.



Yes No
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0 Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
3 of 11

1.2 Explaining ECO 100 Concepts

(8) In your own words, without diagrams or equations, briefly explain the ECO 100 concepts
shown below. Assume, where needed, that production functions are of the form q = q(K, L).

The answer needs to demonstrate that you understand the meaning of each term. Your response
cannot just be a recitation of an equation or a geometric term spelled out in words.
(Keep in mind the limited marks allocated!)


a) The Long Run Production Period










b) The Substitution Effect (SE) in the Labour-Leisure Model











c) Short Run Marginal Cost (SMC).











D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
4 of 11

2. Supply and Demand (30 marks)

The Demand and Supply Schedules for the watch industry are shown below.
Supply: P = 10 + Q
S
Demand: P = 100 2Q
D


where Q
S
is the quantity supplied and Q
D
is the quantity demanded.

2.1 (14) Using the S and D equations:
a) What are values for price, quantity, consumer surplus (CS) and price elasticity of demand
(E
D
) at the equilibrium point? (Answers in Table below. Remember to show your work.)









Price Quantity CS E
D


b) The watch industry is in decline, as more young people rely on cell phones instead.
Previously, the Demand for watches was much higher than shown above and so was the
price. Watch makers petition the government for assistance. In the first instance, they ask
for a quota system which would raise the price to $50. What is the required quota amount
to achieve that objective?




Quota = _________

c) In the diagram below, fully labeled including values, show the original equilibrium P and Q
and the quota amount. Also, show the area of Deadweight Loss (DWL) i.e., loss in
Economic Surplus from an effective quota system. [You need not calculate its value.]











D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700 D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
5 of 11

2.2 (16) Instead of a quota system, consider an alternate scheme to assist producers: a per-unit
subsidy. The subsidy would be sufficient to provide producers with the same $50 price
(including the subsidy) as in 2.1b) above.

a) What is the size of this per-unit subsidy? What is the new equilibrium quantity? What is
the equilibrium price paid by consumers? How much would the subsidy cost the
government in total? (Answers in Table below. Remember to show your work.)

















Subsidy Quantity Eqm Price Cost

b) In the diagram below, show your answers to part 2.2 a) above. Show the original equilibrium
and then the new one after the subsidy. No intercepts for S and D needed in this diagram.














c) Consider the following statement: As this case involves a subsidy, not a quota that restricts
quantity, there is no Deadweight Loss (DWL). (Agree / Disagree)
[No explanation required]


D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
6 of 11

3. Consumer Theory (14 marks)

3.1 (8) Min wants advice on how to maximize her satisfaction from consuming Goods A and
B. Her Marginal Utility Schedules are shown below. The price of Good A is $1 per unit
and the price of Good B is $2 per unit. She has a budget of $6 to spend on A and B.

Quantity Marginal Utility (jollies)
A B
1 8 16
2 6 12
3 4 10
4 3 6

a) What is the rule you are going to apply to determine her point of maximum satisfaction?



b) What quantities should she buy to maximize her satisfaction?


Q
A
= __________ Q
B
= ___________

c) What is the level of her total satisfaction?

Total Satisfaction = _____________


3.2 (6) Jason, spends all his income on two goods, X and Y (consuming some of each at Point
A). The two goods are not complementary, nor are they neutral or independent with
respect to each other. The price of good X falls; the price of good Y is unchanged. Jason
continues to buy some of both goods (at Point B). His indifference curves are convex.

a) What is the impact of the change in the price of X on the quantity demanded of Good Y?
(increase / decrease / stay the same).

b) Based on your answer to part a) above, draw an indifference diagram below that shows the
original equilibrium (Point A) and the new equilibrium (Point B).









D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
7 of 11


4. Short Discussion (20 marks).

In each of the cases below, indicate whether you agree or disagree with the statement. Provide a
clear explanation. Assume positively-sloped S and negatively-sloped D. Axes for diagrams
have been provided to assist you. A diagram(s) and an explanation are required for full marks.

4.1 (5) Innovations in Widget Production

Overheard at Hart House:
We all know that there have been technological improvements in the production of widgets. In
ECO 100, we learned that productivity improvements lead to a lower equilibrium price in the
market. But we also know that a lower price leads to higher demand. And higher demand leads
to a higher price. Consequently, a productivity improvement could result in a lower price of
widgets, a higher price of widgets or the same price for widgets.

Do you agree with this analysis about innovations in widget production? (Yes / No)

Explain your position below.












D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
8 of 11

4.2 (6) A Good and A Bad

A commodity is a healthy choice for consumers. (Label it G for good.) Another commodity,
which is a substitute for G is a less healthy, poorer choice. (Label it B for bad). Both are legal
and available in the marketplace. The government wishes to encourage the consumption of G.
A consumer advocate proposes that the government should impose a price ceiling on G, in order
to reduce its price, thereby making it more affordable for consumers, who would then buy
more of it and less of B.

Do you agree with this policy advice? (Yes / No).

Analyze the implications of this advice below, using the diagrams and providing explanations of
what you have done and why. [Reminder: Restrict the iterations between inter-related markets, as was
done in class. Assume resources can be transferred between G production and B production easily.]



The Good Market










G




The Bad Market










B


D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
9 of 11

4.3 (9) Labour-Leisure Choice

A research study has confirmed that Wally the Worker has a Supply Schedule of labour services
that is positively-sloped and that, for Wally, leisure is a normal good. The researcher
concludes that a decrease in the wage rate received by Wally (e.g., if there was an increase in
income taxes) would cause Wally to work less because the Substitution Effect (SE) of the wage
rate change exceeds the Income Effect (IE) of the wage rate change.

Do you agree with this conclusion? (Yes / No)

Explain your position below, using an indifference diagram.



















D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
10 of 11

5. Theory of the Firm (8 marks)

The total cost schedule for a firm in the short run is STC = 1000 + 5q + 10q
2
. It produces output
with two inputs, K and L. The price of K is $100 per unit and the price of L is $10 per unit.

Calculate the following values. Show your work.

a) The number of units of K used in the short run



K = _________


b) The Average Variable Cost (AVC) of producing 10 units of output




AVC (10) = ________



c) The Short Run Total Cost (STC) of producing 10 units





STC (10) = _________


d) The Short Run Marginal Cost (SMC) of producing an 11
th
unit.

[Sorry, no Calculus allowed -- Wait til ECO 200 or ECO 206!! Advice: dont check your
answer using Calculus either.]







SMC (11) = ________

D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
11 of 11

6. Multiple Choice (8 marks)

Provide the best answer to the following multiple choice questions by circling your response
directly on the question paper. A correct answer is worth 2 marks; no penalty for a wrong
answer. Read questions fully before answering!

6.1 Which of the following combinations would yield the greatest price fluctuation?

a) large supply shifts and relatively inelastic demand
b) large supply shifts and relatively elastic demand
c) large supply shifts and perfectly elastic demand
d) small supply shifts and relatively inelastic demand
e) small supply shifts and relatively elastic demand.


6.2 (From an In-Class Test Prep) The income elasticity of demand (E
I
)

a) is positive for an inferior good b) is negative for a normal good
c) is zero for an inferior good d) is negative for an inferior good
e) both a and b.


6.3 Jamie consumes only colas and pizza. Suppose that the price of a cola falls and at the same
time Jamies income decreases. However, she can still continue to just buy the same
number of colas as before with her reduced income, if she chooses to do so. To maximize
satisfaction, she buys _______ pizzas and her marginal utility from pizzas _________.

a) fewer; decreases b) fewer; increases
a) the same number; remains the same d) more; decreases
e) none of the above.


6.4 When short run marginal cost (SMC) is rising, we know that

a) the average fixed cost (AFC) must be rising
b) the average variable cost (AVC) must be rising
c) the average total cost (ATC) must be rising
d) the marginal product of the variable input labour (MP
L
) must be falling
e) all of the above
f) none of a) through d) is correct.


"We are what we repeatedly do. Excellence is not an act, but a habit."
Quote from an ECO 100 students recent email regarding his changed attitude
after a less than fully successful first year in 2009/2010.

D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
D
o
w
n
l
o
a
d
e
r
I
D

5
5
9
2
I
t
e
m
I
D

7
7
0
0
www.oxdia.com
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
D o w n l o a d e r I D : 5 5 9 2
I t e m I D : 7 7 0 0
Downloader ID: 5592
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
D o w n l o a d e r I D : 5 5 9 2
Item ID: 7700
Downloader ID: 5592
I t e m I D : 7 7 0 0
Downloader ID: 5592
Powered by TCPDF (www.tcpdf.org)