FACC 300 Study Guide - Midterm Guide: Accounts Payable, Production Function, Quick Ratio

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M i m e 3 1 0 e n g i n e e r i n g e c o n o m y. Class test #1 thursday, 16 february, 2006 90 minutes. Print your family name / initial and record your student id number in the spaces provided below. Family name / initial s o l u t. This test consists of 17 multiple--choice full solutions. full solutions. The problems are worth a total of 32 points. choice questions, and three problems requiring questions, and three problems requiring. Circle the correct answer on this test paper and record it on the computer answer sheet. Use the information below to answer questions 1 to 3. The demand function for graphite pencils is given by [ q = 5000 - 10 000 p ], in which q is the quantity demanded in units and p is the price per pencil in dollars.

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