Sample Final Questions

Sample Final Questions - Sample Questions for Final: Part 1...

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Unformatted text preview: Sample Questions for Final: Part 1 - Multiple Choice 1) Suppose you are negotiating with a contractor over the price of the project and the amount of time it will take to get the project done. You prefer a lower price and less time, the contractor prefers the reverse. Suppose the current offer on the table is $10000 for the project to be completed in 10 weeks. The contractor mentions that he can save $1000 if he gets an extra week to complete the project. It costs you $500 in lost profits if the project takes a week longer to complete. You should probably suggest: A. A contract with a higher price and longer time to completion. B. A contract with a higher price and shorter time to completion. C. A contract with a lower price and longer time to completion. D. A contract with a lower price and shorter time to completion. 2) Suppose you are negotiating with a dealer over a car you would like to buy. You are in a better negotiating position if the dealer has a ___________ patience level and a __________ reservation value (Rs). A. low // low B. low // high C. high // low D. high // high 3) Angel investors typically fund _________ investments than venture capitalists. They also tend to finance projects that will cash out _______ quickly. A. smaller // less B. smaller // more C. larger // less D. larger // more For 4) and 5), consider the following demand curve that exhibits network externalities: Q = 20 - 10P + 0.5Q 4) The slope of the "conditional" demand curve (i.e. the demand curve conditional on some expected number of total sales is: ____________ (fill in the blank) 5) The slope of the overall demand curve is: ____________ (fill in the blank) Part 2 - True, False, or Uncertain. Be sure to provide a brief but clear explanation of your rationale. Credit will be given to the extent that the explanation is correct and complete. Write answer in the space provided....
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This note was uploaded on 09/03/2009 for the course ECON 106E taught by Professor Ackerberg during the Spring '08 term at UCLA.

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Sample Final Questions - Sample Questions for Final: Part 1...

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