1. What problem would a firm face if it were to use revenue-based compensation for its employees?
Not every sale made brings profitability. Sometimes the more you sell the more you lose. Thats why to
compensate for all of that the company should
Questions from Previous Final Exams
NOTE: Some material is covered on the midterm in some semesters and on the final in others. It depends
on the pace of the class. Check out the posted midterm exam questions for questions related to topics
ECON 307 Tuesday, Spring 2016: Topical Review for Second Midterm (Videos,
Classnotes, Powerpoints, Text)
The following is a review of the topics we have covered and should serve as a review
tool. The list may not be definitive.
1. Monopoly: Alternative pr
ECON 307 Spring 2016: Topical Review for First Midterm, (Classnotes, Powerpoints)
The following is a review of the topics we have covered and should serve as a review tool. The
list may not be definitive.
1. Introduction to Economic Theory
A. Defined Econ