ECON 2030 : ECON 2030 TEST 1 PRACTICE
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The preceding sentence is an example of a statement about a _____ issue: microeconomic, macroeconomic. Week 2: suppose barbara decides to go fishing at silver lake on her day off from work, but she faces a choice: she can fish the north, south, or east side of the lake. Everything else held constant, barbara"s benefit from fishing the east side of the lake is _____ fish. a. Her expected catch for the day is as follows: 6 fish on the north side, 5 fish on the south side, or 3 fish on the east side. Everything else held constant, barbara"s opportunity cost of fishing the east side of the lake is _____ fish: -11 b. 8 c. -3 d. -2 e. 5 f. 6 g. 11: suppose damo, a rational graduate student and tutor, held his weekly tutoring session last night and was paid .
