MGEC11H3 Midterm: Midterm Review - Lec03

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salmonplatypus13

14 Mar 2016

School

UTSC

Department

Economics for Management Studies

Course

MGEC11H3

Professor

Jack Parkinson

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Document Summary

L n e e - m o c e . T c o r a s t r. U ( s tr . e e n h i n r a n j i. Me h ; ncp e (. tri. E c y x ) u n c o re [a d t . C l r h ) ( u & x a r e fn t e p . ) Li (9 - tq y a m p h. A c h a& \ pn d t(+ d . E> v ; r 0 s e e " E s c c r d , w a r y l s 4 s ? f a j e (9 . W u c o mo e n t. +g th t i n s f. C e " i . E a e ca s (- .

Related Questions

AI 16. If the price of X is set at $0.10 per unit, the quantity of the good purchased by this consumer each month will be: B) 2 C)3 D) 4 E) 6 F) 8 G) 10 H) 12 I) 16.5 J) 23.5 K) 63 L) 64 M) 128 N) 129 0) 150 P) 156 Q) 157.5 R) 159.5 S) 160 T) 255 U) 256 V) 256.5 W) 257.5 X) 260 Y)0 Z) none of the above

19. At the point on the demand curve where Q = 10 and P=70, the elasticity of demand, expressed as a positive number, is: A) O B) 1 C) 1/5 D) 5 E) 1/7 F) 7 G) 5/7 H) 715 1) 35 J) 1/35 K) 10/7 L) 7/10 M) 40 N) 1/40 0) 12/7 P) 7/12 Q) 12/5 R) 5/12 S) 2/5 T) 5/2 U) 2 V) 1/2 W) 2/25 X) 25/2 Y) none of the above

20. At the point on the demand curve where Q = 16 and P = 40, the elasticity of demand, expressed as a positive number, is: A)0 B) 1 C) 1/5 D) 5 E) 1/7 F) 7 G) 5/7 H) 7/5 1) 35 J) 1/35 K) 10/7 L) 7/10 M) 40 N) 1/40 O) 12/7 P) 7/12 Q) 12/5 R) 5/12 S) 2/5 T) 5/2 U) 2 V) 1/2 W) 2/25 X) 25/2 Y) none of the above

MGEC11H3 Midterm: Midterm Review - Lec03

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