OHLONE COLLEGE BA 102A-07 MACROECONOMICS ONLINE FALL 2012
Professor Christine Bolt
PHONE: (510) 659-6233
OFFICE HOURS: MW 10-10:30, MW 12:15-2, M 3:45-4:15
Ohlone Campus Room 6307
REQUIRED TEXT: All students mu
Score for this quiz: 60 out of 60
Submitted Jul 19 at 4:02pm
This attempt took 57 minutes.
1 / 1 pts
Refer to the above data. If your taxable income increases from $4000 to
$5000, you will encounter a marginal tax rate of:
Study guide for test #1. BA102B F.14.
1. Review limits and alternatives, and choices
2. Review the Notion of scarcityandchoices.
Study guide 102B-Test #2 ch.5-8
Describe market failure, and distinguish the publicgoodsand
Explain the Demand side and supply side market failures.
Illustrate the supply and demand curves for a public good.
Know the efficacy fun
Study guide 102B-Test #2 ch.5-8 Fall 14
Determine the price and output in a competitivemarket.
Determine the shout down point on a competitivemarket
Know the different between publicgoodandprivategoo
The price elasticity of demand measures:
how responsive sales are to changes in the price of related goods.
how responsive prices are to changes in quantity demanded.
how responsive prices are to changes in consumers' income.
When an economist says that the demand for a product has decreased, this means that:
consumers desire to purchase less of this product at each possible price.
Feedback: Demand is defined as the relationship between the price and
quantity demanded of
Test # 3 will be from Ch. 9-12. BA102B
Review the characteristics of Monopolistic competition, and oligopoly.
Demonstrate the Firms demand curve.
Study the monopolistic competition and efficiency.
Review price and output determination
1 out of 1 points
If government set a maximum price of $45 in the above market:
it would not change the free market outcome.
a shortage of 21 units would arise.
a surplus of 21 units would arise.
a surplus of 40 units