Question 1

Suppose you can write generic supply and demand curves such that QS = A + BP and QD = D + CP.If price must reach a certain level before firms supply anything,,A must be

Accepted Answer

A)  positive 
B)  negative 
C)  0 
A)  positive 
B)  negative 
C)  0

Question 2

Suppose you can write generic supply and demand curves such that QS = A + BP and QD = D + CP.

Accepted Answer

A)    
B)    
C)    
D)  B 
A)    
B)    
C)    
D)  B

Question 3

The slope of the production possibility frontier shows

Accepted Answer

A)  how inputs must be changed to keep them fully employed. 
B)  the technically efficient combinations of the two goods. 
C)  how demanders are willing to trade one good for another. 
D)  the opportunity cost of one good in terms of the other. 
A)  how inputs must be changed to keep them fully employed. 
B)  the technically efficient combinations of the two goods. 
C)  how demanders are willing to trade one good for another. 
D)  the opportunity cost of one good in terms of the other.

Question 4

In the equation Y = 13X + 38 where Y is a function of X

Accepted Answer

A)  Y is the independent variable. 
B)  38 is a variable. 
C)  the slope of the line is 38. 
D)  None of these. 
A)  Y is the independent variable. 
B)  38 is a variable. 
C)  the slope of the line is 38. 
D)  None of these.

Suppose you can write generic supply and demand curves such that Q_S = A + BP and Q_D = D + CP.If price must reach a certain level before firms supply anything,,A must be

Suppose you can write generic supply and demand curves such that Q_S = A + BP and Q_D = D + CP.

The slope of the production possibility frontier shows

In the equation Y = 13X + 38 where Y is a function of X

Utility and Choice

Individual Demand Curves

Uncertainty

Game Theory

Production

Costs

Profit Maximization and Supply

Perfect Competition in a Single Market

General Equilibrium and Welfare

Monopoly

Imperfect Competition

Pricing in Input Markets

Capital and Time

Asymmetric Information

Externalities and Public Goods

Behavioral Economics

Filters

Exam 1: Economic Models

Suppose you can write generic supply and demand curves such that QS = A + BP and QD = D + CP.If price must reach a certain level before firms supply anything,,A must be

Suppose you can write generic supply and demand curves such that QS = A + BP and QD = D + CP.

The slope of the production possibility frontier shows

In the equation Y = 13X + 38 where Y is a function of X

Utility and Choice

Individual Demand Curves

Uncertainty

Game Theory

Production

Costs

Profit Maximization and Supply

Perfect Competition in a Single Market

General Equilibrium and Welfare

Monopoly

Imperfect Competition

Pricing in Input Markets

Capital and Time

Asymmetric Information

Externalities and Public Goods

Behavioral Economics

Filters

Suppose you can write generic supply and demand curves such that Q_S = A + BP and Q_D = D + CP.If price must reach a certain level before firms supply anything,,A must be

Suppose you can write generic supply and demand curves such that Q_S = A + BP and Q_D = D + CP.