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Midterm

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School
York University
Department
Economics
Course
ECON 2350
Professor
Ying Kong
Semester
Winter

Description
Name Student ID AECON2350 O 2014W First Midterm Feb 3 2014 230pm350pmNote This exam includes 8 Multiple Choice Questions Identify the choice that best completes the statement or answers to the question Only one answer is allowed to choose Otherwise there is no mark for the questionYou have 80 minutes to complete all of them and fill your answer on you scantronOnly a basic calculator is allowed during exam no other electronic devices 1 Which of the following production functions exhibit constant returns to scale In each case y is output and K 121312121212KLKLKL 2 y3 3 y 4 y2K3Land L are inputs 1 ya1 2 and 4b2 3 and 4c1 3 and 4d2 and 3e2 and 4124x 2 The production function is given by fx If the price of the co
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