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91 - vat-goal MM W View “V art Jépenli as drugs” Final...

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Unformatted text preview: vat-goal MM W View “V art! Jépenli as drugs” Final Exam Review Economics 445 Summer 2010 Your final will be 32 questions: 5 short answer, 16 fill in the blanks/ multiple choice questions, 3 True/ False. The remaining 7 are math /Workout problems. You only have to do 6 out of the 7, but you must tell me which 6 you are doing by circling the ones you want me to grade. It is a long test, so you need to be as prepared as possible. You will have 3 hours to take the test. Calculators are permitted and encouraged. I cannot emphasize enough the importance of old homeworks, this review guide, and your lecture notes, in particular your old homeworks. I make no promises that everything on your final will be on this sheet, though I have tried to type out everything I can think of off of the the top of my head. 1. As far as the old material goes, look over Price discrimination, Product I Differentiation, and Perfect Competition (short run and long run). You should know the basic definitions of all the price discrimination and . '3 examples of each. You should also know the different types of product ”/2 533;, differentiation and examples of each. $293: 5:" ,, i ‘2 2. ***Look over ALL the old homeworks Xx ll”? ' f5; 1 3. Know the definitions/formulas for HHI, CRn, and LI, as well as what Lga%\§ " ”l they measure. 2 ML 4. Know the exact definition of a strategy . Be able to write down a (/19 {a} players strategies. 9 5. Know what makes a legitimate demand curve...it must follow the Law of Demand and the ”Law of Quality” ...
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