ECON 302 Midterm: ECON 302 Midterm Fall 2013
Document Summary
T h i s e x a m h a s t w o ( 2 ) p a r t s . T h i s e x a m i s o u t o f e i g h t y ( 8 0 ) p o i n t s . 3 3 p o i n t s t o t a l . 4 7 p o i n t s t o t a l . D u r a t i o n : 9 6 m i n u t e s. P a r t a : p r o b l e m s ( 3 3 p o i n t s ) Consider a market with two firms selling identical goods, which can be produced in two ways: Labour requires no fixed investment, but the marginal cost is then /unit.
