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ECO 550 Midterm Examination
1). The various methods through which the retailers inform their particular potential buyers about the product is known as: 2). Jane regularly transmits funds to organizations trying to save endangered animal kinds. This is a good example of: 3). Carla had received very low gross annual return coming from her expense portfolio comprising of stocks and shares of five companies for two years. Her decision to continue having the same stock portfolio of property will be one of: 4). In the example of Ireland in europe described in the text, the country's development set moved outward with time because: 5). Suppose Zia spends her time finding berries and apples. Her production established is referred to by the equation, where is definitely the number of fruits and sumado a the number of pears. Which in the following claims will be accurate? 6). If the slope of a country's creation set declines, it indicates: 7). Lenders supported the Federal Hold Board's Legislation Q mainly because: 8). Suppose the usage of a new software reduces the minor cost of posting books. For a given demand curve for books, this will be represented by: 9). Starting from a pure exchange equilibrium, a rise in the demand to get a commodity can lead to: 10). Allow marginal product of capital (MPK ) be 6th; the limited product of labor (MPL) be 2; the price of labor is given by $10. What will be the cost of capital in a way that the isocost and the isoquant are tangent to each other? 11). Which from the following is actually a property associated with an isoquant?
12). Consider Figure four-one. If the organization produces a couple of, 000 dolls per month when the market price is usually $4: Physique 4-1 This figure displays the minor cost competition (MC) for the firm generating fancy plaything for children. The market price for the doll is usually $4 every unit. 13). Refer to Physique 5-1. Which usually of the pursuing points signifies the long-run equilibrium price-output combination? In the figure provided below MC denotes the marginal cost and AC denotes the average cost of a firm beneath...