{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Exam_I_Comments - The examination consist of 100 multiple...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
The examination consist of 100 multiple choice questions taken from the test bank for Chapters 2,3,5 and 8 in Hirschey and Chapters 2 through 5 in Gordon. Approximately one-third of the questions are from Hirschey and two-thirds from Gordon. Some questions require an understanding and application of definitions: Incremental profits Marginal, average, total revenue, products, costs , and profits and marginal revenue product Quantity demanded, supplied Demand and supply Derived demand Direct demand Demand and supply curves Demand and supply functions Point and arc, price and cross-price elasticity Complement, substitute, normal and inferior goods Isoquants, Isocosts Returns to scale and to a factor GDP Real and nominal GDP GDP and NDP Gross and net investment Government deficit Capital consumption allowance Depreciation Intermediate and final good Exports, imports and net exports Employed, unemployed and discouraged Planned and unplanned spending and investment
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
Image of page 2
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