Exam_I_Comments

Exam_I_Comments - The examination consist of 100 multiple...

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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 autonomous and induced variables such as consumption, exports
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This note was uploaded on 09/08/2011 for the course MGMT 407 taught by Professor Staff during the Spring '11 term at S.F. State.

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Exam_I_Comments - The examination consist of 100 multiple...

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