{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Midterm 2 - WITH ANSWERS AND GRADE DISTRIBUTION

Midterm 2 - WITH ANSWERS AND GRADE DISTRIBUTION - 40 36 35...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
30 36 36 32 30 34 25 30 35 40 A B C 2 1 0 4 3 2 7 5 8 11 9 12 19 18 14 16 9 0 5 10 15 20 34 37 40 43 46 49 52 55 58 61 64 67 70 73 76 79 82 85 88 91 94 97 100
Image of page 1

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

View Full Document Right Arrow Icon
304K: Introduction to Microeconomics unique: 34220 // Dr. Olivier Giovannoni Midterm #2 - Nov. 9, 2007 1. Be sure to fill in your name and EID on the scantron sheets. 2. There are 33 questions, all multiple choice. Each question is 3 points and you will have one bonus point (total = 100) 3. Bubble up your answers on the scantron sheet and give them back to the TAs upon exit. 4. You will have the answer sheet available to you at 2pm. MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In economics, the short run is the time frame in which the quantities of ________ and the long run is the period of time in which ________. 1) A) all resources are variable but technology is fixed; technology is variable B) all resources are fixed; the quantities of all resources can be varied C) some resources are variable; the quantities of all resources are fixed D) some resources are fixed; the quantities of all resources can be varied 2) In the above figure, economies of scale are present up to an output level of 2) 3) In the short run, 3) 1
Image of page 2
4) In the above figure, the marginal product of labor is zero at point 4)
Image of page 3

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

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern