ECON 103 Study Guide - Midterm Guide: Ceteris Paribus, Margarine, Price Floor
24 Oct 2018
School
Department
Course
Professor
Document Summary
Mark__________/58: no electronic devices other than a non-programmable, non-graphing calculator, no sharing of calculators. Please indicate your answers using an x for the multiple choice questions in the following table: It takes five hours to go to the game and costs you for transportation. If you had not attended the game, you would have worked at your part-time job for an hour. What is the cost of you attending the game: zero the ticket is free, , , , suppose the province of alberta decides to produce only two goods oil and hockey sticks. According to the production possibilities frontier, as oil production increases, the production of hockey sticks will: increase, not change. 2: decrease at a decreasing rate, decrease. If the production possibilities frontier is a straight line, which of the following is. sh. 25 per gallon, when the market price is . 50. 5: consider two demand curves and the same price change for both.
