pef07_midBb

pef07_midBb - W1105.002 Principles of Economics Fall 2007...

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Unformatted text preview: W1105.002 Principles of Economics Fall 2007 Prof. Musatti Midterm Exam Booklet B This Exam is composed of three sections. Make sure you complete all of them. This Exam is composed of two booklets. Make sure you return both. Student Name ________________________________ Student UNI_______________________________ Answer sheet for Multiple Choice questions: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 b. 1 Section 3 1. (4 points) To increase revenues, the MTA (Metropolitan Transit Authority) of New York City is planning to increase the bus and subway fare from $2.00 to $2.25 while Apple corporation decreased the price at which it sells the new I-phone from $600 to $400. One organization must be doing something wrong. True or false? Explain. ________________________________________________________________________________________________________ ______________________________________________________________________________ ________________________________________________________________________________________________________ ______________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ _________________________________________________________________ ________________________________________________________________________________________________________...
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This note was uploaded on 04/23/2008 for the course ECON 1005 taught by Professor Gulati during the Spring '08 term at Columbia.

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pef07_midBb - W1105.002 Principles of Economics Fall 2007...

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