Economics 1021A/B Study Guide - Midterm Guide: Scantron Corporation, European Route E6, Social Cost

• School: Western University
• Department: Economics
• Course: Economics 1021A/B
• Professor: All

Document Summary

Instructions: the examination begins at 4:30 p. m. and ends at 6:30 p. m, check that your examination paper contains 18 pages, use a black pencil to complete your scantron form. Note: questions are printed on both sides of each page. Choose the one alternative that best completes the statement or answers the question. Consider the following three methods of preparing your tax return. Method a uses a personal computer (cost equal to ,000) and 1 hour of your time. Method b uses a calculator (cost equal to ) and 12 hours of your time. Method c uses pen and paper (cost equal to ) and 2 days (16 hours) of your time: consider fact 1. 55: refer to table 1, which gives the total cost schedule for chip"s pizza palace, a perfectly competitive firm. If chip shuts down in the short run, his total cost is: an hour, an hour, an hour, sh, an hour.