2-4-09 - Chapter 5/Chapter 6 2009 Midterm Exam 1: 35...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 5/Chapter 6 2-4-2009 Midterm Exam 1: 35 Multiple Choice Questions, 1 Extra Credit Question –  Tuesday, February 10 th 2009 Bring: 2 pencils One  3”x 5” note card – front and back (can be a piece of paper cut into a 3” by 5” piece)  Can be typed! Picture ID (UF ID, Driver’s License, Debit Card with Picture, etc.) No need to bring a scantron. Calculator – not allowed to be a communication device ( no cell phone calculator) o Can be Scientific, programmable or graphing. BYOB – Bring Your Own Brain (according to Rush) No scrap paper necessary People look out for their own self-interest. According to Adam Smith, they also benefit the social  interest at the same time. Fig. 1 Consumer Surplus-  Max price willing to be paid (MSB) minus the price actually paid  . Producer Surplus
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

2-4-09 - Chapter 5/Chapter 6 2009 Midterm Exam 1: 35...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online