ECON 2010- Midterm Exam Guide - Comprehensive Notes for the exam ( 14 pages long!)

• School: CU-Boulder
• Department: Economics
• Course: ECON 2010
• Professor: Jacob Howard

Document Summary

Midterm 1-principles of microeconomics-version a: if japan can produce 3 rice cakes or 6 seaweed salads in an hour, while. A decrease in the price of grapes will _________ the total surplus in the market for red meat: decrease, increase, stay the same, we can"t answer, in recent years many new restaurants have opened around collegetown. Holding everything else constant, we would expect the price of next season. Cubs" tickets to _____ and the quantity of tickets to ______: increase; decrease, decrease; decrease, increase or decrease; increase, increase; increase or decrease. Midterm 1-principles of microeconomics-version a: suppose that the price of foam planks used in surfboard production falls. Given this information, the opportunity cost of attending each class session is: , , , , the market for milk is initially in equilibrium. Midterm 1-principles of microeconomics-version a: suppose the government sets a price floor below the current price of a good.