ECO 2142 Study Guide - Midterm Guide: Real Interest Rate, Japanese Yen, Real Wages

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20 Dec 2015

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Student id: this exam is closed book/closed notes, the use of nonprogrammable calculators is permitted. Cellular phones and all other elec- tronic devices must be turned o and put away during the exam: the exam consists of a total of 33 questions each worth 3 points. Question n. 34 asks you to ll in the version of your exam; this question will give you 1 additional point to reach a total of 100. In addition, there is one bonus question worth 5 points: you have 1 hour and 20 minutes to complete the 34 + 1 questions, good luck! 1: consider the national identity for a small open economy that operates according to the classical. Cad, the price level in europe is peu r = 120, and the price level in canada is pcad = 100. You know that at the current equilibrium real exchange rate canada is experiencing a trade surplus.

Related Questions

Marginal cost is

	a.	total revenue divided by the quantity of output.
	b.	total profit minus total costs.
	c.	the change in total cost brought about by selling an additional unit of the good.
	d.	the change in total revenue brought about by selling an additional unit of the good.
	e.	the change in total revenue minus the change in total costs.

4 points

[Table 1] The dollar amounts that go in blanks (A) and (B) are, respectively,

Table-1

(1)	(2)	(3)
Price	Quantity Sold	Marginal Revenue
$10	10
$10	11	(A)
$10	12	(B)
$10	13	(C)
$10	14	(D)

	a.	$11 and $11.
	b.	$10 and $10.
	c.	$10 and $11.
	d.	$11 and $12.

4 points

[Table 1] The dollar amounts that go in blanks (C) and (D) are, respectively,

Table-1

(1)	(2)	(3)
Price	Quantity Sold	Marginal Revenue
$10	10
$10	11	(A)
$10	12	(B)
$10	13	(C)
$10	14	(D)

	a.	$11 and $11.
	b.	$10 and $10.
	c.	$10 and $11.
	d.	$11 and $12.

4 points

Q10

[Table 1] The demand curve facing the firm represented by the information in this table is

Table-1

(1)	(2)	(3)
Price	Quantity Sold	Marginal Revenue
$10	10
$10	11	(A)
$10	12	(B)
$10	13	(C)
$10	14	(D)

	a.	downward-sloping.
	b.	upward-sloping.
	c.	horizontal.
	d.	vertical.

4 points

Q11

[Table 2] The dollar amounts that go in blanks (E) is:

Table 2

-1	-2	-3	-4	-5	-6	-7
	Quantity Sold	Marginal Revenue	Marginal	Total	Total	Profit
Price	Quantity Sold	Marginal Revenue	Cost	Cost	Revenue
$10	10			80	$100	$20
$10	11	(A)	8	88	$110	$22
$10	12	(B)	(E)	97	(G)	(I)
$10	13	(C)	(F)	107	(H)	(J)
$10	14	(D)	11	118	$140	$22

	a.	$8
	b.	$9
	c.	$10
	d.	$11

4 points

Q12

[Table 2] The dollar amounts that go in blanks (F) is:

Table 2

-1	-2	-3	-4	-5	-6	-7
	Quantity Sold	Marginal Revenue	Marginal	Total	Total	Profit
Price	Quantity Sold	Marginal Revenue	Cost	Cost	Revenue
$10	10			80	$100	$20
$10	11	(A)	8	88	$110	$22
$10	12	(B)	(E)	97	(G)	(I)
$10	13	(C)	(F)	107	(H)	(J)
$10	14	(D)	11	118	$140	$22

	a.	$8
	b.	$9
	c.	$10
	d.	$11

taupewasp794

13. This firm's shut down price is: A $3 B) $8 C) $10 G) $14 H) $15 I) $16 D) $11 E) $12 J) none of the above F) $13 AVC AVC

Question 8 (15 marks) Let G2) = f(g(x). (a) What is the product rule? Let F(2) = f(3C)/g(2). (b) Using the product rule, find the derivative of F(x). (c) What is the name of this result? (d) Use this result to differentiate F(x) = (2.0 + 3.x)/(xr-2 +3).

ECO 2142 Study Guide - Midterm Guide: Real Interest Rate, Japanese Yen, Real Wages

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