ECO100Y5 Study Guide - Midterm Guide: Graph Labeling, Deadweight Loss, Longrun

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26 May 2014
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ECO100Y5 Full Course Notes
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ECO100Y5 Full Course Notes
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Do not use red-coloured pen (this colour is reserved for the markers) and you cannot appeal any part of your answer if it is done in pencil (except the graphs). You must show the step-by-step calculations in every part of question 1 or a zero will be given. You must relate your explanation in question 2 to your graph for full marks. Only put your answers in the designated page(s) or space. Do not separate any page from this test or a 10-mark penalty will be imposed. Suppose there is only one movie theatre in a small town serving two groups of customers with being the price and being the number of tickets for each group of customers. The first group (market segment) includes moviegoers who can watch movies any time (seniors and students) with their demand represented by .