ECON 110 Exam Solutions Fall 2018: Natural Capital, Market Power, Comparative Advantage
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ECON 110 Full Course Notes
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This exam accounts for either 0% or 50% of your final grade depending on whether your first midterm score is higher or lower respectively than your score on this exam. A: consumers have greater access to goods and services. Answer key: b, c, a, d, c, d, b, c, b, c, a, d, a, b, c, c, c, c, b, a. Eliminations of purpose of the alternatives economics science irrelevant is a good way to answer multiple choice. A good way to questions. solve multiple choice questions is to eliminate. Economies of scale options. are defined as the cost advantages that the firms obtain from production, this implies that the unit cost are4 decreasing when the output increases: correct answer is b. A pareto improvement is obtained when the utility of one party can be improved without decreasing the utility of the other parties.
