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econ+110+quiz1a

econ+110+quiz1a - Add/Edit Assessment Page 1 of 7 Questions...

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20 Existing Questions - 100 total points Add Part | Settings | Preview Assessment Questions: Quiz 1aa Add Question: select a question type Part Default - 20 questions 1 Copy to Pool | Edit A good that is not scarce Answer Key: B Insert New Question Question Multiple Choice (single correct) - points 1 5.0 Remove | Edit A. Would have a vertical supply curve over the relevant range B. Would have a zero price C. Is not in demand D. Would have an infinite price select a question type If you receive $18 worth of pleasure from the first hole of golf played and your additional pleasure from succeeding holes drops $1 for each hole played, how many holes of golf would you play if you had to pay $2.10 per hole. Answer Key: D Correct Feedback: You get $3 worth of pleasure from the 16th hole of golf but only $2 of pleasure from the 17th hole. At that point the cost of the hole (2.10) exceeds the benefit. Incorrect Feedback: You get $3 worth of pleasure from the 16th hole of golf but only $2 of pleasure from the 17th hole. At that point the cost of the hole (2.10) exceeds the benefit. Insert New Question Question Multiple Choice (single correct) - points 2 5.0 Remove | Edit A. 9 B. 12 C. 14 D. 16 select a question type If you receive $18 worth of pleasure from the first hole of golf played and your additional pleasure from succeeding holes drops $1 for each hole played. You must pay $25 up front to get on the course but you can then play as many holes as you like for the day without any further charge. How many holes of golf will you play. Question Multiple Choice (single correct) - points 3 5.0 Remove | Edit Page 1 of 7 Add/Edit Assessment 9/22/2008 https://classesv2.yale.edu/portal/tool/26249774-264d-4de4-a2a5-828bbec4142f/jsf/author/i...
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