ECN 104 Lecture 7: Midterm answers

- 4 .6. 17. Consider again the same $12 per unit tax on the buyers of widgets. At the new equilibrium, the price #paid by buyers (including the tax paid) will be: A) $46 B) $50 C) $52 D ) $54 E) $55 F) $56 G) $57 H) $58 D) $ 59 5 60

15. What is the price of olives in this current short and long run equilibrium? (A) $38 (B) $42 (C) $46 (D) $48 (E) $50 (F) $52 (G) $54 (H) $56 (1) $58 (J) none of the above

1. In Excel 2010 cell Al contains the formula =MID("12345678", 4, 2). What is displayed in cell A1? a) 56 b) 55 c) 34 d) 45 x e) None of the above