Koofer - Department of Economics University of California,...

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Department of Economics University of California, Davis ECONOMICS 1A Spring 2010 L. Jay Helms First Midterm Exam Version B Last Name: First Name: Your Student ID Number: Please check your registered section number: [ ] B01 Mr. Jeremy Moulton M 6:10-7 Wellman 027 [ ] B02 Mr. Jeremy Moulton M 5:10-6 Wellman 027 [ ] B03 Mr. Jeremy Moulton W 5:10-6 Wellman 027 [ ] B04 Mr. Jeremy Moulton W 6:10-7 Wellman 027 [ ] B05 Mr. Chris Ayres T 6:10-7 Wellman 027 [ ] B06 Mr. Chris Ayres T 5:10-6 Wellman 027 [ ] B07 Ms. Paris Ba R 4:10-5 Wellman 233 [ ] B08 Ms. Paris Ba R 5:10-6 Wellman 205 [ ] B09 Ms. Paris Ba R 6:10-7 Hart 1116 [ ] B10 Ms. Paris Ba R 7:10-8 Hart 1116 [ ] B11 Mr. Chris Ayres T 4:10-5 Wellman 235 [ ] B12 Mr. Chris Ayres T 5:10-6 Hart 1120 On your Scantron form you must bubble in: Name: Last Name, First Name Subject: “Ecn 1A” Test No.: “1” Date: “4/22/2010” Hour: Your section, for example, “B06” ID Number: Your nine-digit student ID number Test Form: Your exam version (“B”)
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Ecn 1A Spring 2010 – First Midterm Exam – Version B Page 2. Part A: Multiple Choice Questions (20 questions, each of which is worth 3 points) Instructions : Choose the best answer. Answer these multiple choice questions only on your Scantron. Warning : Scantron errors may occur if you fail to erase an incorrect answer completely. Where erasures are incomplete and the Scantron machine—detecting two answers to the same question—marks your answer as wrong, no regrading can be allowed. It is your responsibility either to be certain of your answers before you mark them or to be very careful to erase completely any incorrect markings. You may wish to replace your Scantron form with a new one if you need to correct an error. 1. Which of the following is not illustrated by the production possibilities frontier? a. Efficiency. b. Opportunity cost. c. Consumer preferences. d. Tradeoffs. e. All of the above are illustrated by the production possibilities frontier. 2. What is the opportunity cost of building a new parking lot at UC Davis? a. The cost of materials and labor used to build the lot. b. The value that the property and resources used to build the lot would have had in their next-best alternative use. c. The value that the property and resources used to build the lot would have had in all of the their alternative uses. d. The value that the property and resources used to build the lot would have had in all of the their alternative uses plus the value of the cars that will be parked in the lot. 3.
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This note was uploaded on 04/05/2012 for the course ECN 1 taught by Professor ? during the Spring '12 term at UC Davis.

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Koofer - Department of Economics University of California,...

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