Economics 1021A/B Midterm: Econ Midterm Exam Review.pdf
19 Nov 2012
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ECON 1021A/B Full Course Notes
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Review 1: during the next hour john can choose one of the following three activities: playing basketball, watching television, or reading a book. Figure 2: refer to the production possibilities frontier in figure 2. Use the information below to answer the following questions. In an eight-hour day, andy can produce either 24 loaves of bread or 8 kilograms of butter. Figure 3: initially, the demand curve for good a is d2 in figure 3. Use the figure below to answer the following question. Demand and supply schedules for cups of coffee each day at coolu. A premature frost destroys half the coffee trees and the supply of coffee is cut in half. The new equilibrium price is and the new equilibrium quantity is ________ cups a day: 1. 30; 500, 1. 30; 600, 0. 90; 400, 1. 50; 400, 1. 20; 700. Use the table below to answer the following question. The table shows two points on the demand curve for volleyballs.
