ECON 20A Midterm: ECON20A Midterm 2 2015 Spring
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Document Summary
A complete answer includes a full explanation, shows all work, labels axes, etc. You may not work with other students or consult other students" answers. You may not write on any paper other than what is provided with the exam. You must turn in the question sheet with your answers. The points for each question are listed in parentheses. You must turn in all scratch paper included with the exam. Good luck: (5) a complete answer to the questions in this exam includes a full explanation, shows all work, labels axes, etc. True or false: this question involves the country of cascadia. Answer the following questions. (a) (45) suppose that there are 1 million workers in cascadia. In a year, a worker can either catch 20 salmon or 100 cases of beer: plot the production possibilities frontier for cascadia. What is the opportunity cost of producing 1 case of beer: suppose that cascadia produces/consumes 1 million cases of beer.
