Test III Answer Key

Test III Answer Key - Test III Answer Section MULTIPLE...

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Test III Answer Section MULTIPLE CHOICE 1. ANS: C DIF: 2 REF: 13-1 TOP: Implicit costs MSC: Interpretive 2. ANS: B DIF: 3 REF: 13-1 TOP: Economic profit MSC: Applicative 3. ANS: C DIF: 2 REF: 13-1 TOP: Economic profit MSC: Definitional 4. ANS: D DIF: 1 REF: 13-2 TOP: Marginal product of labor MSC: Definitional 5. ANS: C DIF: 1 REF: 13-2 TOP: Diminishing marginal product MSC: Definitional 6. ANS: B DIF: 1 REF: 13-3 TOP: Marginal cost MSC: Definitional 7. ANS: C DIF: 2 REF: 13-3 TOP: Diminishing marginal product MSC: Interpretive 8. ANS: C DIF: 2 REF: 13-3 TOP: Average total cost MSC: Interpretive 9. ANS: C DIF: 2 REF: 13-3 TOP: Fixed costs MSC: Applicative 10. ANS: B DIF: 2 REF: 13-3 TOP: Variable costs MSC: Applicative 11. ANS: D DIF: 2 REF: 13-3 TOP: Variable costs MSC: Applicative 12. ANS: D DIF: 2 REF: 13-3 TOP: Total cost MSC: Applicative 13. ANS: A DIF: 1 REF: 13-4 TOP: Economies of scale MSC: Interpretive 14. ANS: B DIF: 2 REF: 13-4 TOP: Total cost MSC: Interpretive 15. ANS: A DIF:
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This note was uploaded on 05/01/2011 for the course ECON 2100 taught by Professor Darrinv.gulla during the Summer '08 term at Morehouse.

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Test III Answer Key - Test III Answer Section MULTIPLE...

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