ECON 1B03 Study Guide - Midterm Guide: Aaron Rodgers, Pencil, Chocolate Cake

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ECON 1B03 Full Course Notes
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ECON 1B03 Full Course Notes
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Make sure you carefully fill in the bubbles. You must fill in your student number, version number. And section number on the scan sheet or your grade will not be. Hand in the scan sheet and this test copy. Identify the letter of the choice that best completes the statement or answers the question. The economy cannot produce at which point or points: a, c, a, c, a, c, d, Figure 2: refer to figure 2 on the previous page. The opportunity cost of getting 1 additional toaster by moving. Page 3 of 14 from point d to point c is: 10 toothbrushes, 7 toothbrushes, 30 toothbrushes, it is impossible for the economy to move from point d to point c. Which of the following combinations is impossible for this economy to produce: 30 barrels and 6 bathtubs, 25 barrels and 12 bathtubs, 20 barrels and 8 bathtubs, 10 barrels and 14 bathtubs.