ECON 103 Study Guide - Midterm Guide: Antarctic Muon And Neutrino Detector Array, Root Mean Square, Marginal Cost
24 Oct 2018
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Instructions: you have 1 hour 30 minutes to complete the exam. Write all your answers in the space provided; any work outside the space provided will be given zero credit. You can write in either pen or pencil. If you write in pencil your exam cannot be regraded. The exam has 6 pages and 2 sections: 15 questions, each question is worth 1 point. Circle only one an- swer that you think is the best: albina is an entrepreneur running her own business. She receives an email with a job o er more attractive than any of the outside options she had. 2: price of capital is v = 20, and wage is w = 10. Firm has chosen optimal combination of labor and capital. At this point marginal product of capital m p k = 100. When rm produces q = 1, 000 units of output its at c = 4.
