Sample Questions for the Final Exam - Sample Final...

This preview shows page 1 - 2 out of 4 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Microeconomics
The document you are viewing contains questions related to this textbook.
Chapter 9 / Exercise 01
Microeconomics
Arnold
Expert Verified
Sample Final Examination Questions These are questions that could have been used as part of the final examination for Economics 182. Answers are given at the bottom of this file. You should use these questions to measure your present level of understanding of the course material and to get an estimate of how well you would do on the final examination with your current understanding. Don't peek at the answers!! 1. The entire quantity available of a consumption good is allocated amongst several people. Some of these people value their last unit received at $30. All of the other people value their last unit received at $45. The totalconsumption value of the good (a) is already maximized since all units of the good are already allocated. (b) will be increased by reallocating some units from people who value them at $30 to people who value them at $45. (c) will be increased by reallocating some units from people who value them at $45 to people who value them at $30. (d) will be increased by reallocating every unit to the people who value their last units at $45. (e) will be increased by reallocating every unit to the people who value their last units at $30.
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Microeconomics
The document you are viewing contains questions related to this textbook.
Chapter 9 / Exercise 01
Microeconomics
Arnold
Expert Verified

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture