101exam2rev

101exam2rev - ECO 101 830 Principles of Microeconomics Exam...

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ECO 101 830 Principles of Microeconomics Exam 2 Study Guide Format : 20 multiple choice (60 points), 4 problem (40 points); Chapters 4-7 Bring : pencil, basic calculator (optional) To prepare: come to class regularly and pay attention, keep up with the reading, follow up on any of the lecture slides that you do not understand go through this study guide carefully, understanding all the terms and being ready to answer any of the questions without referring to your notes or the book o some students make flash cards from index cards try the Testing System on Amosweb.com: http://www.amosweb.com/tst/ o topics: utility, perfect competition, firm, cost, production o some of these questions are more applicable to our class than others 4. Economic Theory, Markets, and Government The elements of economic theory: objectives, constraints, choices o What are the objectives of consumers, firms, governments? o What types of constraints are there? What are examples of constraints? o How is the law of demand an example of a choice arising from objectives and constraints? Rational choices
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101exam2rev - ECO 101 830 Principles of Microeconomics Exam...

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