ECON 2000 : Exam 3
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Instructions: the test contains 25 multiple choice questions which are worth 4 points each. Refer to the information provided in figure 1 below to answer the questions that follow: _______ This firm is currently at point a on the atc curve. Refer to the information provided in figure 2 below to answer the questions that follow. Hula hoops are produced in a perfectly competitive market. This hula hoop: _______ firm is currently producing and selling 100 hula hoops per week. Refer to the information provided in figure 3. below to answer the question that follows. The silver exchange has a monopoly over the sale of solid silver walking: ______ sticks. The silver exchange has hired you as an economic consultant. Refer to the information provided in table 1 below to answer the questions that follow. Refer to the information provided in figure 4 below to answer the questions that follow.