Quiz #1 (Sec. 1.2 1.3)
You must show all work on this page. Partial credit will be given for work that is appropriate to the problem.
Perform the indicated operations and simplify.
1. 2(x 1) + 3(2x 3) (4x 5)
2. (3x 2y)(3x + 2y)
3. [x (2y
Quiz #12 (Sec. 4.1 4.3)
Please show all work on this page
1. An account has a balance of $9,000 after 5 years. Find the amount that was invested if 10.5%
annual interest was earned.
2. Susan invested $3500 in an account 3 years ago at 3.
ECO-232-W01-201630: Principles of
The coincidence-of-wants problem associated with barter refers to the fact that:
a. buyers in resource markets and sellers in product markets can never engage in exchange.
b. for exchange to occ
a. Equal the difference between total revenues and explicit costs
b. Are economic profits
c. Are similar to pure economic rents
d. Equal the difference between total revenues and the sum of implicit and explicit
INSTRUCTIONS: Select the @ response to each question or statement and bubble in the
corresponding letter on your scantron. You may write on this exam, but only answers marked on the
scantron are graded. Each correct response is worth 5 points out of 200.