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practicefinal - Econ 1, Final Exam Last Name:...

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Unformatted text preview: Econ 1, Final Exam Last Name: ______________________________ Tuesday, December 8th, 2009 First Name: ______________________________ Student ID: ______________________________ STATEMENT OF ACADEMIC INTEGRITY : I confirm that I have neither given nor received unauthorized assistance in the completion of this exam. My integrity and that of the university has been upheld. _____________________________________________________ Signature Date INSTRUCTIONS 1. Make sure you have all pages (35 multiple choice, 3 short answer). 2. Answer all multiple choice questions in the space provided below. 3. For short answer, show all work. We reserve the right to deduct points if answers are hard to read. 4. You may NOT use a calculator. 5. There are a total of 100 points. DO NOT WRITE IN BOX Question Points MC (70 points) Q1 (14 points) Q2 (10 points) Q2 (6 points) Total MULTIPLE CHOICE ANSWERS (2 points each) 1. ______ 2. ______ 3. ______ 4. ______ 5. ______ 6. ______ 7. ______ 8. ______ 9. ______ 10. ______ 11. ______ 12. ______ 13. ______ 14. ______ 15. ______ 16. ______ 17. ______ 18. ______ 19. ______ 20. ______ 21. ______ 22. ______ 23. ______ 24. ______ 25. ______ 26. ______ 27. ______ 28. ______ 29. ______ 30. ______ 31. ______ 32. ______ 33. ______ 34. ______ 35. ______ DO NOT OPEN YOUR EXAM UNTIL INSTRUCTED TO DO SO!!! Final Version #1 1. If two goods are perfect complements, then the indifference curves between those goods will A. have a positive slope B. not exist C. be L-shaped D. have a constant slope 2. Fiona gets three times more marginal utility from an additional bottle of water than from an additional bottle of soda. If the price of soda is $3.00 per bottle, then Fiona is maximizing her utility if the price of a bottle of water is A. $3.00 B. $9.00 C. $1.00 D. $.66 3. If production of all goods and services increases for a society (there is economic growth), then the production possibility curve will A. first shift inward and then shift outward....
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This note was uploaded on 08/02/2011 for the course ECON 1 taught by Professor Tang during the Spring '08 term at UCSD.

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practicefinal - Econ 1, Final Exam Last Name:...

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