### Create a StudySoup account

#### Be part of our community, it's free to join!

Already have a StudySoup account? Login here

# Econ 1011, 10.5 Study Guide ECON 1011 - Prof Steve Suranovic,

GWU

### View Full Document

## 9

## 0

## Popular in Principles of Economics: Microeconomics

## Popular in Economics

This 25 page Study Guide was uploaded by Samantha Notetaker on Wednesday October 12, 2016. The Study Guide belongs to ECON 1011 - Prof Steve Suranovic, at George Washington University taught by Dr. Steven Suranovic in Fall 2016. Since its upload, it has received 9 views. For similar materials see Principles of Economics: Microeconomics in Economics at George Washington University.

## Similar to ECON 1011 - Prof Steve Suranovic, at GWU

## Reviews for Econ 1011, 10.5 Study Guide

### What is Karma?

#### Karma is the currency of StudySoup.

#### You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 10/12/16

Basic Practice Worksheets for Production Possibility Frontiers A.Yezer Economics 1011 Fall 2016 Using A Linear Production Possibility Frontier 1. The Problem: A firm has a total of __30___ units of an input (call it L for labor) to be used in production. Output of good X requires __0.25___ units of the input and output of good Y requires ___0.5______ units of the input. 2. This implies that the production relation for X can be written as (step 1) X = ___4__L Xf we allocate LXunits of L to production of X. It implies that the production relation for Y can be written as (step 2) Y = __2__YL . But, of course, we know that total units of input L are limited so the resource constraint is given by (step 3) X + LY= __30____. 3. Solving for the input demands L and L gives (step 4) L = X/4 and (step 5) X Y x Ly= Y/2. 4. Substitute the input demands into the resource constraint equation (step 6) 30 = X/4 + Y/2 5. Solve for the equation of the PPF (step 7) Y = __(30/0.5) – (0.25/0.5)X = 60 – 0.5X ____ 6. Plot the PPF it on Figure 1. The slope of the PPF is _-0.5_ which means the opportunity cost of a unit of X is __0.5_ units Y. Good Y Figure 1: Linear PPF 60 50 40 30 20 10 20 40 60 80 100 120 140 160 Good X 7. If the price of XX P = __2__, and the price ofYY, P = ___5_ total revenue isXR = P X + PYY = _2X + 5Y__. Written in standard form, the equation of the iso-revenue line is Y = _R/5 – (2/5)X_______. 5. Draw the iso-revenue lines on the figure as dashed lines. Then find the highest iso-revenue line that is feasible. Total revenue is maximized when X = ___0____ and Y = ___60____, and total revenue, R, is R = _60 (5) = 300_________ Practice (making up your own problem) with a Linear Production Possibility Frontier 7. A firm has a total of _______ units of an input (call it L for labor) to be used in production. Output of good X requires _____ units of the input and output of good Y requires _________ units of the input. 8. This implies that the production relation for X can be written as (step 1) X = _____L Xf we allocate LXunits of L to production of X. It implies that the production relation for Y can be written as (step 2) Y = ____ L . But, of Y course, we know that total units of input L are limited so the resource constraint is given by (step 3) LX+ L Y ______. 9. Solving for the input demands L Xnd L gYves (step 4) L = x_______ and (step 5) L y ______ 10. Substitute the input demands into the resource constraint equation (step 6) ________________ 11. Solve for the equation of the PPF (step 7) Y = _______________________________ 12. Plot the PPF it on Figure 1. The slope of the PPF is ______ which means the opportunity cost of a unit of X is ______ units Y. Good Y Figure 2: Linear PPF 60 50 40 30 20 10 20 40 60 80 100 120 140 160 Good X 4. If the price ofXX, P = ________, and the pricY of Y, P = ___________ then total revenue can be written as R =XP X Y P Y = ________________. Written in standard form, the equation of the iso-revenue line is Y = _______________________. 5. Draw the iso-revenue lines on the figure as dashed lines. Then find the highest iso-revenue line that is feasible. Total revenue is maximized when X = __________ and Y = ___________, and total revenue, R, is R = ________________ Good Y Figure 3: Practice with Non-Linear Production Possibility Frontier 1300 Sample Problem With Answers 1200 1100 1000 900 H 800 A 700 B 600 F 500 400 300 200 100 G 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 160 Good X Draw your own PPF on Figure 1 and answer these questions… A. If X output = __75______ and the firm is technically efficient then, Y output =__750__________ B. If X output = __95___ then Y = __630_ and the opportunity cost of X = slope of the PPF at (95, 630) which appears to be __-100/10 = - 10__units of Y. Hint: to get the slope of the PPF at (95, 630) note that if Y falls by 100 from 630 to 530, X rises from 95 to 105, so the slope is -100/10) C. Price of good Y = Y =____$10____ Price of good X = PX=____$60___, slope of the iso-revenue line = -X YP = _-60/10 = -6___ D. Choose a reference level of revenue = R* = __$6000________________ E. The Y intercept of the iso-revenue line at R* isYR*/P = _$6000/10 = 600____________ F. The X intercept of the iso-revenue line at R* is R*/P = _$6000/60 = X 100___________ G. Plot a family of iso-revenue lines wheY P = $10 andXP = $60. H. Given PY= $10 and P X $60, revenue is maximized when X =__86___ and Y = __700__. Total revenue at the maximum is R =_86 (60) + 700 (10) = _5160 + 7000 = _12,160__________ Good Y Figure 4: Practice with Non-Linear Production Possibility Frontiers 1300 Draw your own PPF Below 1200 1100 1000 900 800 700 600 500 400 300 200 100 10 20 30 40 50 60 70 80 90 Good X Draw your own Non-linear PPF on Figure 2 and answer these questions… If X output = ___________ and the firm is technically efficient then, Y output =_______________ If X output = ___________ then Y = ________ & the opportunity cost of X = ________ units Y Price of good Y = Y =______________ Price of good X = X =______________, Slope of the iso-revenue line = XP YP = ________ Choose a reference level of revenue = R* = ______________________ The Y intercept of the iso-revenue line at R* is Y*/P = _____________ The X intercept of the iso-revenue line at R* is X*/P = _____________ Plot a family of iso-revenue lines. Revenue is maximized when X =________ and Y = _________ And total revenue is R =_____________ Using Linear PPFs to Study Comparative Advantage….. Good Y Figure 5: Linear PPF’s 60 50 Period’s PPF 40 30 20 Dash’s PPF 10 20 40 60 80 100 120 140 160 Good X For Period, slope of the PPF is __-60/100 = -0.6__the opportunity cost of a unit of X is _0.6 units of Y__ For Dash, slope of the PPF is __-40/160 = -0.25_the opportunity cost of a unit of X is _0.25 units of Y__ Dash has a comparative advantage in __X because the opportunity cost of producing X is only 0.25 Y for Dash compared to 0.6 Y for Period________ If Period and Dash can’t cooperate and each produces X = 30, then they can also produce a total of __70__Y (about 35 Y at Dash and 45 Y at Period). If they cooperate and produce a total of 60 X, Dash will produce the 60 X because Dash has a comparative advantage in X. They can also produce __84__Y. Dash produces _X = 60 and 24 = Y___? Period produces _0 = X and 60 = Y__ It appears that the gains from trade and comparative advantage were __84 – 70 = 14__ Y Now draw your own Linear PPF’s on Figure 6 and answer the same questions Good Y Figure 6: Practice Using Linear PPF’s to Illustrate Comparative Advantage 100 80 60 50 40 30 20 10 20 40 60 80 100 120 140 160 180 Good X For Period, slope of the PPF is _____________the opportunity cost of a unit of X is ______________ For Dash, slope of the PPF is _____________the opportunity cost of a unit of X is ______________ Dash has a comparative advantage in ______________________ If Period and Dash can’t cooperate and each produces X = _____, then they can also produce ______Y. If they cooperate and produce the same total output of X, they can also produce a total of _______= Y. Dash produces _____= X and ______= Y? Period produces ______= X and________-Y._ It appears that the gains from trade and comparative advantage were _____________ Y Basic Practice Worksheet for Own Price Elasticity Practice With Own-Price Elasticity of Demand…IF own-price elasticity of demand for X is -_0.5__, the cross price elasticity of Y for X is given by __0.8____, the income elasticity of demand for X is __1.5____ , the current price of X is __$8______, and current consumption of X is ___40_____units X per year. 1. If the price of X rises __20___%, quantity of X consumed will change by _- 0.5(+20%) = -10%___% or by __-0.10(40) = -4____units X and total expenditure on X will change by about _%ΔP + %ΔQ = 20 – 10 = 10_________%. 2. If the price of X falls ___30___%, quantity of X consumed will change by _-0.5(- 30) = +15___% or by _(0.15)40 = 6____units X and total expenditure on X will change by about _%ΔP + %ΔQ_= -30 + 15 = -15______%. 3. If the price of Y rises ___20___%, quantity of X consumed will change by _0.8(20) = 16___% or by ___40(0.16) = 6.4________units X and total expenditure on X will change by about _%ΔP+ %ΔQ = 0 + 16 = 16_________%. 4. If the price of Y falls ____30____%, quantity of X consumed will change by __0.8(-30) = -24___% or by __-0.24(40) = _-9.8_____units X and total expenditure on X will change by about__-24_%. 5. If income rises __10___%, quantity of X consumed will change by __(10%)1.5 = 15%______% or by __(0.15)40 = 6_______units X and total expenditure on X will change by about __15___%. 6. If income falls ____30___%, quantity of X consumed will change by _(-30)1.5= 45%____% or by _-.45(40) = 18____units X and total expenditure on X will change by about __-45_____%. Price of X Figure 13: Draw Your Own Demand Curve And Answer Questions Below $5 $4 $3 $2 $1 D 1 2 3 4 5 6 7 8 9 10 Units X 8. If X = 5, X = _2.50___ and expenditure E = P X = __2.50(5) = 12.50___ 9. If X = 6, P = __2.00__ and expenditure E = P X = ___2.00(6) = 12.00___ X X 10. When X rose and P Xell, compute the own price elasticity of demand using the arc formula: ε =_{(6 –5)/0.5(6 +5)}/{(2.00–2.50 )/0.5(2.5+2)} =(1/5)/(-.5/2.25) = 0.2/-0.22 = -0.9_____ 11. Answer the questions when X changes from 1 to 2 and from 7 to 8. What happens to ε? If X =1, P =4.50 & if X =2, P =4, ε ={(2-1)/0.5(2+1)}/{(4-4.5)/0.5(4+4.5)}= (1/1.5)/(-.5/4.25)= -6 If X =7, P =1.50 & if X =8, P =1, ε ={(8-7)/0.5(8+7)}/{(1.50-1)/0.5(1+1.5)}= (1/7.5)/(-.5/1.25)= -0.3 Practice With Your Own Elasticity Problem… Fill in the blanks and answer the questions Given that the own-price elasticity of demand for X is -_______, the cross price elasticity of Y for X is given by __________, the income elasticity of demand for X is _________ , the current price of X is _____________, and current consumption of X is _______________units X. 1. If the price of X rises _________%, quantity of X consumed will change by __________% or by ______________units X and total expenditure on X will change by about _______________%. 2. If the price of X falls _________%, quantity of X consumed will change by _________% or by ____________units X and total expenditure on X will change by about _______________%. 3. If the price of Y rises _________%, quantity of X consumed will change by ________% or by ______________units X and total expenditure on X will change by about _______________%. 4. If the price of Y falls _________%, quantity of X consumed will change by __________% or by ____________units X and total expenditure on X will change by about _______________%. 5. If income rises _________%, quantity of X consumed will change by __________ % or by ____________units X and total expenditure on X will change by about _______________%. 6. If income falls _________%, quantity of X consumed will change by __________% or by ____________units X and total expenditure on X will change by about _______________%. Price of X Figure 14: Draw Your Own Demand Curve And Answer Elasticity Questions $5 $4 $3 $2 $1 1 2 3 4 5 6 7 8 9 Units X Economics 101110 Basic Practice Worksheet For Adding Demand Horizontally: Apartmentville Apartmentville, has two types of households: 100,000 low income with demand curves for square feet of housing space shown on the left and 20,000 high income with demand curves in the middle. The housing market is on the right with the short and long run supply of housing curves for the city. Solve for the rental price of housing per square foot (annual rental price) and the total square feet of housing consumed by each group in the short and long run. What will happen to the price of housing over time in this city? Low Income (100,000) High Income (20,000) Housing Market $annual rent/square foot $ rent/square foot $ annual rent/square foot 9 9 9 ShortRun 8 8 8 7 7 7 6 6 6 Short Run LongRun 5 5 5 4 4 4 3 3 3 Long Run 2 2 2 1 D Low 1 D High 0 200 400 600 800 1000 500 1000 1500 2000 2500 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 Square Feet of Space Per Unit Square Feet of Space Per Unit MILLIONS of Square Feet of Space In Market Begin by adding horizontally to get market demand At the choke price of $9 per square foot and market demand = 0. Then drop price to $7 per square foot and low income households consume 100 sqft each, x 100,000 = 10 million sqft total and high income consume 600 sqft each x 20,000 = 12 million sqft total so market demand at $7 totals 22 million sqft (on dashed market demand curve). Drop price to $5, and low consume 230 sqft each for a total of 23 million and high income consume 1,000 each for a total of 20 million so market demand is 23 + 20 = 43 million square feet of housing. Drop price to $3, and low consume 500 sqft each for a total of 50 million and high income consume 1,600 each for a total of 32 million so market demand is 50 + 32 = 82 million square feet of housing Drop price to $1, and low consume 850 sqft each for a total of 85 million and high income consume 2,200 each for a total of 44 million so market demand is 85 + 44 = 129 million square feet of housing Now find short run supplydemand equilibrium Short run market equilibrium is found where the market demand curve cuts the short run market supply curve from above at a price of about $4.30 per square foot. Total housing supply = total demand = 60 million square feet on the market diagram. At his price, low income households consume 36 million square feet (360 each) and high income households consume 24 million square feet, 1,200 per household. Now find long run supplydemand equilibrium Long run market equilibrium is found where the market demand curve cuts the long run market supply curve from above at a price of about $3.40 per square foot. Total housing supply = total demand = 72 million square feet on the market diagram. At his price, low income households consume 44 million square feet (440 each) and high income households consume 28 million square feet, 1,400 per household. Now draw your own Demand Curves for Low and High Income Housing, And Your Own Short and Long Run Supply Curves and Answer The Questions About Housing Market Equilibrium Low Income (100,000) High Income (20,000) Housing Market $annual rent/square foot $ rent/square foot $ annual rent/square foot 9 9 9 S ShortRun 8 8 8 7 7 7 6 6 6 SLongRun 5 5 5 4 4 4 3 3 3 2 2 2 1 D Low 1 High 1 0 200 400 600 800 1000 500 1000 1500 2000 2500 10 20 30 40 50 60 70 80 90 100 120 130 140 Square Feet of Space Per Unit Square Feet of Space Per Unit MILLIONS of Square Feet of Space In Market Begin by adding horizontally to get market demand Solution, begin at the choke price of $9 per square foot and market demand = 0. Then drop price to $7 per square foot and low income households consume _____sqft each, x 100,000 = ___ million sqft total and high income consume _____ sqft each x 20,000 = ____ million sqft total so market demand at $7 totals _____ million sqft (on dashed market demand curve). Drop price to $5, and now consume _____ sqft each for a total of ____ million and high income consume 1,000 each for a total of ____ million so market demand is ___+____ = ____ million square feet of housing. Drop price to $3, and now consume _____ sqft each for a total of ____ million and high income consume ______ each for a total of ____ million so market demand is ____+____ =_____ million square feet of housing Drop price to $1, and now consume _____ sqft each for a total of ____ million and high income consume ______ each for a total of ____ million so market demand is ______+_____ = _____ million square feet of housing Now find short run supplydemand equilibrium Short run market equilibrium is found where the market demand curve cuts the short run market supply curve from above at a price of about $________ per square foot. Total housing supply = total demand = ____ million square feet on the market diagram. At his price, low income households consume ____ million square feet (______ each) and high income households consume _____ million square feet, ______ per household. Now find long run supplydemand equilibrium Long run market equilibrium is found where the market demand curve cuts the long run market supply curve from above at a price of about $_______ per square foot. Total housing supply = total demand = _____ million square feet on the market diagram. At his price, low income households consume _____ million square feet (_____ each) and high income households consume _____ million square feet, ________ per household. Basic Practice Worksheets for Economics 11, A.Yezer, Fall 2016 Figure 21: Total, Average, and Marginal Product of Labor (L)…. Production Function X = f(L; K) Total Product, Units of X TP (total product) 700 600 MAX AP L 650/4.5 =144 X/L 500 400 slope = APL= 650/4.5 = 144 = MP L slope of TP curve 300 slope of TP curve = ML = about 150 (slope of tangent line) 200 slope of ray from origin = AL = 300/3 = 100 100 1 2 3 4 5 6 7 8 9 10 Labor Product/unit L, X/L MP L AP aL maximum of AP = L 144 (se 140 120 100 MP L APL 80 60 40 20 1 2 3 4 5 6 7 8 9 10 L When L = __3___; X = ___300__ X/L = AL = 100, MP L slope of TP function is about 150, MP is > AP L L AP Ls a maximized at ____144____ X/L when L = _ 4.5____ and X = ___650_________ TP is maximized at ____800___ units X, when L = ___7____, AL = _800/7 = 114___ & MP L __0___ Figure 22: Draw Your Own Total Product of Labor (L) Function and Analyze It As Shown For Figure 21. Total Product, Units of X Figure 22 700 600 500 400 300 200 100 1 2 3 4 5 6 7 8 9 10 Labor Product/Unit L = X/L 140 120 100 80 60 40 20 1 2 3 4 5 6 7 8 9 10 L When L = 3, TP = L_____, AP = __L_______, MP L______ what is larger AP L or MP L_______? When L = 5, TP = L _____, AP = _L________, MP = ___L__ what is larger AP L or MP L_______? AP is a maximized at ____________ X/L when L = _________ and X = L _____________ TP is maximized at ___________ units X, when L = _________, AP = __L________ & MP =L_______ Basic Practice Worksheets for the Marshallian Cross Diagram (S&D) A.Yezer Economics 1011 Fall 2016 Figure 7 Effect of a Specific Tax $/X or Price of X SG= supply gross of tax 9 SN= supply net of tax 8 7 Tax shifts curve vertically by amount of tax 6 5 4 3 2 D 1 100 200 300 400 500 600 700 800 900 Units of X per day 1. Find the initial equilibrium quantity and price oX X. P = 6.00 and X = 450 units per day. Total expenditure on X X P X = ____450 (6) = $2,700 per day 2. Consider a specific tax of ___$2.50___ per unit X sold. Draw the supply curve gross of tax as a dotted line and label it SG. This is the supply facing consumers… the price and quantity at which they can purchase the good. 3. The new output of X = ___290___units per day. The new price gross of tax (including tax) is __$7.20___ and the price net of tax is ___$4.70 = $7.20 - $2.50___. Total expenditure on X is ___$2,088 per day__ of which ___$725___ is tax revenue and ___$1,363__ is net of tax revenue retained by the producers. Note that the $_2.50__ tax resulted in a rise of $__1.20__ in the price per unit X. Practice Working with short run supply and demand curves…. Figure 8: Practice a Specific Tax – Begin by drawing your own short run supply and demand curves $/X or Price of X 9 8 7 6 5 4 3 2 1 100 200 300 400 500 600 700 800 900 Units of X per day 1. Find the initial equilibrium quantity and price of X. P = ______ and X = _____ units per day. Total expenditure on X X P X = ________ per day 2. Consider a specific tax of ______ per unit X sold. Draw the supply curve gross of tax as a dotted line and label itGS . This is the supply facing consumers… the price and quantity at which they can purchase the good. 3. The new output of X = ______units per day. The new price gross of tax (including tax) is _______ and the price net of tax is ______. Total expenditure on X is _______ per day__ of which ________ is tax revenue and ________ is net of tax revenue retained by the producers. Note that the $______ tax resulted in a rise of $_______ in price per unit X. Figure 9: Effect of a Specific Subsidy $/X or Price of X 9 SN= supply net of subsidy 8 S = supply gross of G subsidy 7 6 5 4 3 2 D 1 100 200 300 400 500 600 700 800 900 Units of X per day 1. Find the initial equilibrium quantity and price of X. P = 6.00 and X = 450 units per day. Total expenditure on X =XP X = ____450 (6) = $2,700 per day 2. Consider a specific subsidy of ___$1.00___ per unit X sold. Draw the supply curve gross of tax as a dotted line and label it S G This is the supply facing consumers… the price and quantity at which they can purchase the good. 3. The new output of X = ___500___units per day. The new price gross of subsidy (including subsidy) is __$5.30___ and the price net of subsidy is ___$6.30 = $5.30 + $1.00___. Total expenditure by consumers on X is ___$2,650 = (500)5.3 per day. Total subsidy is __$500 = (500)1 ___per day total revenue of producers is ___$3,150 = $2,650 + $500___ per day. Note that the __$1__ subsidy per unit, resulted in a fall in market price of ____$0.70___per unit X. Practice Working with short run supply and demand curves…. Figure 10: Practice Specific Subsidy – Begin by drawing your own short run supply and demand curves $/X or Price of X 9 8 7 6 5 4 3 2 1 100 200 300 400 500 600 700 800 900 Units of X per day 1. Find the initial equilibrium quantity and price ofXX. P = ______ and X = _____ units per day. Total expenditure on X X P X = ________ per day 2. Consider a specific subsidy of ______ per unit X sold. Draw the supply curve gross of tax as a dotted line and label itGS . This is the supply facing consumers… the price and quantity at which they can purchase the good. 3. The new output of X = ______units per day. The new price gross of subsidy (including subsidy) is _______ and the price net of subsidy is ___________. Total expenditure by consumers on X is $_________ per day. Total subsidy is __$_______per day total revenue of producers is ___$________________ per day. Note that the _______ subsidy per unit, resulted in a fall in market price of ___________. Figure 11: Price Ceilings and Floors $/X or Price of X 9 S 8 7 6 5 4 3 D 2 1 100 200 300 400 500 600 700 800 900 Units of X per day 1. Initial market equilibrium should be found at X = __500___ units per day and PX= __$6___. Total expenditure on X will be ___$3,000 = (500) 6__ per day. 2. Imagine a price ceiling at ___$4____ per unit X. You expect market price to be ___$4___ and quantity sold to be ___280 __units of X per day. Quantity demanded at this price will be __730___ units per day and some way of dealing with the excess demand at this price will need to be devised. 3. Imagine a price floor at __$8___. You expect market price to be __$8___ and quantity sold to be __200__ X per day. Production of X will be ___730 units per day___ and some way of dealing with the consequent inventory buildup will have to be found. Figure 12: Practice Ceilings & Floors – Begin by drawing your own short run supply and demand curves $/X or Price of X 9 8 7 6 5 4 3 2 1 100 200 300 400 500 600 700 800 900 Units of X per day 1. Initial market equilibrium should be found at X = ______ units per day and PX= _____. Total expenditure on X will be _______ per day. 2. Imagine a price ceiling at ________ per unit X. You expect market price to be _______ and quantity sold to be _____ __units of X per day. Quantity demanded at this price will be _______ units per day and some way of dealing with the excess demand at this price will need to be devised. Can you think of one way this might happen? 3. Imagine a price floor at _______. You expect market price to be ______ and quantity sold to be _______ X per day. Production of X will be ______ units per day___ and some way of dealing with the consequent inventory buildup will have to be found. Can you think of a way this might happen?

### BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.

### You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

## Why people love StudySoup

#### "I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

#### "I used the money I made selling my notes & study guides to pay for spring break in Olympia, Washington...which was Sweet!"

#### "There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

#### "It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

### Refund Policy

#### STUDYSOUP CANCELLATION POLICY

All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email support@studysoup.com

#### STUDYSOUP REFUND POLICY

StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here: support@studysoup.com

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to support@studysoup.com

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.