ECON 101 Study Guide - Quiz Guide: Olive Oil, Marginal Revenue, Marginal Cost

• School: U of M
• Department: Economics
• Course: ECON 101
• Professor: All

Document Summary

Instructions: you have 45 minutes to complete the quiz. Please put away all papers, books, cell phones and calculators. Please make sure to fill in your name on the line below. Please read each question carefully, answer it fully, and write your answer directly on this document. If the question is multiple choice, circle the letter of the answer you believe is correct. For analytical questions, work out your answer on the paper in the space given. We can give partial credit if we see some correct work and the answer is incorrect. When you have finished, turn in the document directly to your gsi (not to a pile of quizzes, etc. ). Turn in this entire document with the exception of the scratch page which you may use during the exam. Your name__________________________________________: (3 points) the graph below refers to a firm that produces olive oil.