mid 1 - Economics 2 Winter 2006 Prof. Mar ia C nd ido...

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Economics 2 Winter 2006 Prof. Maria Cândido 1 Economics 2 Midterm Examination Winter Quarter 2006 February 14 th (11:00 am – 12:20 pm) Instructions: a. You have 80 minutes to finish your exam. Put your name and student ID number on the cover of the bluebook. b. There are two parts to this exam – multiple-choice questions (Part I) and longer questions (Part II). Answer them all, and please write neatly. c. You do not need to justify your answers for the multiple-choice questions. d. Show your work for the longer questions. e. Use a pen to write your answers. You are giving up your right to a regrade if you choose to use a pencil. f. The table below indicates how points will be allocated on the exam. Use your time carefully and efficiently. g. With you, you should only have a pen, a bluebook and a calculator. h. You will not be allowed to leave the room during the midterm. i. Turn off your cell phone and good luck! Question Points Part I 30 Part II 1. 10 2. 20 3. 20 4. 20 Exam Total 100
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Economics 2 Winter 2006 Prof. Maria Cândido 2 PART I: Multiple-Choice Questions (3 points each, 30 points total) 1. Suppose a firm is collecting $100 in total revenues when it sells 10 units and it receives $110 in total revenues when it sells 11 units. The firm is a(n) a. pure monopolist. b. oligopolist. c. monopolistic competitor. d. duopolist. e. perfectly competitive firm. 2. Suppose there is a “dirtiness index” for apartments with a value of 100 meaning completely dirty and 0 meaning completely clean. The optimal value of the index a. is 100. b. is 90. c. is 50. d.
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This note was uploaded on 12/26/2009 for the course ECON ECON 2 taught by Professor Hamilton during the Spring '09 term at UCSD.

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mid 1 - Economics 2 Winter 2006 Prof. Mar ia C nd ido...

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