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Midterm 1 - Fall 2008

Midterm 1 - Fall 2008 - #18/10#19/9 Total/19 VERSION 1 MIME...

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VERSION 1 1 M I M E 3 1 0 E N G I N E E R I N G E C O N O M Y Class Test #2 – Wednesday, 12 November, 2008 – 90 minutes PRINT your family name / initial and record your student ID number in the spaces provided below. FAMILY NAME / INITIAL STUDENT ID # S O L U T I O N S This test consists of 17 multiple-choice questions, and two problems requiring a full solution. The multiple-choice question are worth a total of 81 points. There are no penalties for incorrect answers. The problems are worth a total of 19 points. MULTIPLE-CHOICE QUESTIONS Circle the correct answers on this test paper and record them on the computer answer sheet. Multiple-choice Statements – Circle the correct answer on this test paper and record it on the computer answer sheet. (2.5 points each for a total of 15) Note : There are no penalties for incorrect answers. 1. When investment alternatives are mutually exclusive, A) they can only be accepted if capital funds are limited. B) the selection of one alternative excludes the selection of all other alternatives. C) the selection of one alternative is not affected by either the selection or rejection of another alternative. D) the present value ratio should be used to rank the projects. E) the firm can decide to proceed with as many projects as possible. 2. In which one of the following situations will a firm in a perfectly competitive market earn profits? #18: /10 #19: /9 Total: /19
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VERSION 1 2 3. Which one of the statements listed below is correct?
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