3.05 Assignment
1.
2.
a)
When the cost of production becomes lower, the price will also lower so that more of the product can be
purchased and an excess of product will be avoided. Due to the law of diminishing marginal returns, the
marginal costs will ri
3.10 Assignment
1. If Enviromax wants to maximize profit, what price would they charge?
The profit maximizing point occurs where the marginal revenue line intersects the
marginal cost curve and is reflected on the demand curve. In this case, the point is
Your score on this exam is 80 out of 80 .
Instructions: You are about to enter a TIMED EXAM! You have 70 minutes to complete this
exam. Once you enter the exam, you cannot stop the clock.
For each of the following essay questions, answer the question as f
Your score on this exam is 57 out of 80 .
Instructions: For each of the following essay questions, answer the question as fully as possible
in the textbox provided. You may be asked to provide an illustration or graph (or feel the need to
provide). If so,
Your score on this exam is 18 out of 20 .
Answer Key
Question 1 (Worth 2 points)
The supply of alligator meat slopes _ and to the _ , according to the
_ of supply.
Downward; right; theory.
Downward; right; law.
Upward; right; theory.
Upward; right; law.
U
Your score on this exam is 20 out of 20 .
Instructions:
Test Directions for multiple choice: Each of the questions or incomplete statements below is
followed by five suggested answers or completions. Select the one that is best in each case.
Group 1 Direc
Your score on this exam is 112 out of 120 .
Answer Key
Question 1 (Worth 4 points)
During the course of one week, the local burger joint has enough time to hire or layoff workers,
but it does not have enough time to expand the kitchen area or to add addit
Your score on this exam is 24 out of 24 .
Instructions: Test Directions for multiple choice: Each of the questions or incomplete statements
below is followed by five suggested answers or completions. Select the one that is best in each
case.
Answer Key
Qu
Your score on this exam is 8 out of 10 .
Answer Key
Question 1 (Worth 2 points)
For the wheat farmer and the t-shirt supplier the price that corresponds to the shut down point
equals _ for the farmer and _ for the shirt monopolist.
$10, $9
$15, $9
$20, $2
5.02 Externalities
1. In each of the following situations, identify if there is a positive or negative externality in
play. Explain you answer thoroughly.
a. A local bridal shop shares a strip mall with eight other businesses. Recently all have
agreed tha
Celeste Purdom
AP Biology
September 23, 2015
1. If a population of 1,000 individuals has 160 rr genotypes, what is the
frequency of the rr genotype? - .16
2. If a population of 1,000 individuals has 160 rr genotypes, assuming simple
dominance by the A all
Your score on this exam is 108 out of 120 .
Answer Key
Question 1 (Worth 4 points)
In economics the term marginal is best defined as:
average or mean.
median.
additional.
first or primary.
last or secondary.
Points earned on this question: 4
Question 2 (W
Your score on this exam is 20 out of 20 .
Instructions: Test Directions for multiple choice: Each of the questions or incomplete statements
below is followed by five suggested answers or completions. Select the one that is best in each
case.
Answer Key
Qu
Your score on this exam is 104 out of 120 .
Answer Key
Question 1 (Worth 4 points)
One persons spending becomes another persons income. This statement is the basis for
all economics.
the Quantity Theory of Money.
the Marginal Productivity Theory of Resour
Your score on this exam is 20 out of 20 .
Answer Key
Question 1 (Worth 2 points)
Emma owns a flower shop in Tampa. She pays $3,091 per month to lease her building, $2,208 in
wages, $1,887 for flowers and other supplies and she produces 662 flower arrangem
Your score on this exam is 100 out of 120 .
Answer Key
Question 1 (Worth 4 points)
In the graph below, which points represent the tax revenue collected by the government after a
unit excise tax is implemented?
a, c, d, e, b
c, d, e
a, c, e, b
b, e, q2
e,
Your score on this exam is 49 out of 60 .
Instructions: You are about to enter a TIMED EXAM! You have 60 minutes to complete this
exam. Once you enter the exam, you cannot stop the clock.
Answer Key
Question 1 (Worth 1 points)
An economist resigns her $10
1. If Enviromax wants to maximize profit, what price would they charge? $30, since
profit is maximized when MR=MC.
2. What is their profit per unit if they are operating at the profit maximizing output?
$3 is their profit per unit, since for 10 units, the
2.05 Shifts in Supply and Demand
1. Normally, whenever a new video game console comes out, there is a shortage all over the
United States. Graphically illustrate and fully explain where the shortage comes from, how the
various roles of prices can come tog
Celeste Purdom
AP Biology
December 1, 2015
2.4 AP Practice Part 2
Question #2:
A student designed an experiment to test whether different concentration gradients affect
the rate of diffusion through dialysis tubing. Four different solutions (0% NaCl, 1%
N
Celeste Purdom
Mrs. Selwa
December 8, 2015
Leaf Disk Experiment: Light vs. Dark
Objectives: The main purpose of the lab is to describe the of reactants and products in
photosynthesis.
Introduction:
Plants contain chlorophyll that absorbs light and water t
Celeste Purdom
AP Biology Part A
September 4, 2015
Title: Evolution of Populations
Introduction:
Natural selection is one of the biggest factors in determining allele frequencies from
generation to generation. If a specific allele gives an individual a gr
Micro 3.11
A special case of imperfect competition is oligopoly. Similar to monopolistic competition,
the same principles you learned regarding Perfect Competition and Monopoly hold true
here. For a firm to maximize its profits, it must produce where its
Your score on this exam is 19 out of 30 .
Instructions: You are about to enter a TIMED EXAM! You have 40 minutes to complete this
exam. Once you enter the exam, you cannot stop the clock.
Answer Key
Question 1 (Worth 1 points)
All of the following will ca
Your score on this exam is 20 out of 20 .
Answer Key
Question 1 (Worth 2 points)
The demand curve for lawn fertilizer has a _ slope because of
_.
negative; the law of supply.
positive; incentives to earn profit by suppliers.
negative; the law of demand.
p
Your score on this exam is 18 out of 20 .
Answer Key
Question 1
Which of the following is the best example of a monopsony?
There is one correct answer.
The local cable television operator
A movie theater
A grocery store in a town of 48 people
The U.S. Nav