Prelim I 2009 - Professor Richard V Burkhauser ECON 1110...

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Professor Richard V. Burkhauser Name:__________________________________ ECON 1110 Fall 2009 Section Number:__________ EXAM 1-A This exam is in two parts. For the first part, pencils only may be used. Turn the bubble sheet so that the space for your name appears in the upper left corner. Enter your name in the space provided, one letter to a box. Enter last name first, then your first initial. If your name is longer than the space provided, enter only that portion of your name that will fit. Under each letter of your name blacken the box corresponding to the letter. For each digit, blacken the numbered box below it which corresponds to the digit entered. Then in the same manner, fill in your 6 or 9 digit student identification number as shown on your Cornell ID card. Also, write either Exam 1-A or Exam 1-B (depending on the version you are taking) above your name on your bubble sheet. Read each question carefully and select the best answer. Mark the corresponding box on the answer sheet by neatly filling in the entire box. If you decide to change an answer, erase completely your previous answer. Do not make any other marks on this answer sheet. If you don't know the answer, guess. There is no additional penalty for doing so. Each Multiple-Choice Question is worth 3 points (Total 60 points). 1. The figure below shows the production possibilities frontier along with 4 output combinations. Cars A D C B Computers Which of the points on the graph represent output combinations that are inefficient? a. D and B only b. A only c. C only d. B and C only e. B only
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