ECO320H1 Study Guide - Midterm Guide: Deadweight Loss, Passive Smoking, Marginal Cost
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All questions must be answered on this test paper in the space provided. Please write your name and last five digits of your student number above. Do not turn over the paper until you are told to start the test. If necessary, use the space below to finish the answer to any question. Available marks are indicated in red at the end of the questions. Comments on student responses are indicated in red after the questions in some cases. Threat value is what she gets if no bargain. Alice keeps the painting, (,000 value) zhu keeps his money (,000 value) Alice sells to zhu for k to k. Yes, because cooperative surplus is k which is > . 5k. Threat value is what he has if no bargain. Low because 2 parties, clear law, no bad history between them. Answer 5 out of 6 questions in the space provided.
