ECO204Y1 Final: ECO204Y Final Exam 2013 Winter
Document Summary
This exam consists of 7 questions in 32 pages, single-sided. Please write your name and id # as these appear in rosi. You cannot leave the exam room during the last 10 minutes. Please remain seated until the proctor announces that you can leave the room. If you do, then it"s your responsibility to re-staple detached pages back to the exam. A recent study assumed that firms in u. s. manufacturing sectors produce output according to the cobb-douglas production function . The following table contains estimates of for some sectors: Which of these sectors have strictly convex cost functions (i. e. briefly explain the basis of your argument. The following graph for l-1011 aircraft production is reproduced from learning and forgetting: the dynamics of. The wavy line is measured on the left scale while the step line is measured on the right scale. The following table is reproduced from the hbs case the aluminum industry in 1994 (al = aluminum):
