MGEA06H3 Lecture 3: MGEA06 Lec03 - Exam Review Notes

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salmonplatypus13

21 Mar 2016

School

UTSC

Department

Economics for Management Studies

Course

MGEA06H3

Professor

Iris Au

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MGEA06H3 Full Course Notes

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Agf l o e cpgcl , l u r ia mo c e l. Ae m o clz l 1l e \ ts su j. As $ u w p n n s. O v \ le l/e { i c( I n e re r r . = aqt e qtm e w cl , h t r e { at . L} w h e n . S h o r h n ) (cid:2265) (cid:2265) . D* c j e x p , (i m r e v u o p l e. = wj qt e . pp l. O q3w e * e e r p e r ct t l me . Cp dp n c l o o q i f u g. (cid:327) (cid:327) (cid:327) (cid:327) t o n n ( q p , q. C r m e n l o t.

Related Questions

19. At the point on the demand curve where Q = 10 and P=70, the elasticity of demand, expressed as a positive number, is: A) O B) 1 C) 1/5 D) 5 E) 1/7 F) 7 G) 5/7 H) 715 1) 35 J) 1/35 K) 10/7 L) 7/10 M) 40 N) 1/40 0) 12/7 P) 7/12 Q) 12/5 R) 5/12 S) 2/5 T) 5/2 U) 2 V) 1/2 W) 2/25 X) 25/2 Y) none of the above

20. At the point on the demand curve where Q = 16 and P = 40, the elasticity of demand, expressed as a positive number, is: A)0 B) 1 C) 1/5 D) 5 E) 1/7 F) 7 G) 5/7 H) 7/5 1) 35 J) 1/35 K) 10/7 L) 7/10 M) 40 N) 1/40 O) 12/7 P) 7/12 Q) 12/5 R) 5/12 S) 2/5 T) 5/2 U) 2 V) 1/2 W) 2/25 X) 25/2 Y) none of the above

AI 16. If the price of X is set at $0.10 per unit, the quantity of the good purchased by this consumer each month will be: B) 2 C)3 D) 4 E) 6 F) 8 G) 10 H) 12 I) 16.5 J) 23.5 K) 63 L) 64 M) 128 N) 129 0) 150 P) 156 Q) 157.5 R) 159.5 S) 160 T) 255 U) 256 V) 256.5 W) 257.5 X) 260 Y)0 Z) none of the above

MGEA06H3 Lecture 3: MGEA06 Lec03 - Exam Review Notes

MGEA06H3 Full Course Notes

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