Econ 1002 quiz week 2 - Study guides, Class notes & Summaries
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ECON 2001 Week 3 Mid Term Questions With Answers
- Exam (elaborations) • 9 pages • 2023
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User	Glenn Hayden 
Course	ECON-1002-3/MGMT-3503-3-Microeconomics2018 Spring Qtr 02/26-05/20-PT5 
Test	Exam - Week 3 
Started	4/26/18 12:29 PM Submitted	4/26/18 12:56 PM Due Date	4/30/18 1:59 AM Status	Completed 
 
Attempt Score 
Time Elapsed 
 
100 out of 100 points 
 
26 minutes out of 2 hours and 30 minutes 
 
Instructions	Please answer each question below and click Submit when you have completed the Quiz. 
 
Results Displayed 
 
Submitted Answers, Correct Answers, Feedback 
 
 
 
A dem...
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ECON-1002-4/MGMT-3503-4-Microeconomics Week 5 Quiz
- Exam (elaborations) • 4 pages • 2022
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ECON-1002-4/MGMT-3503-4-Microeconomics Week 5 Quiz 
1. An industry in which a small number of large firms sell products that are either close or perfect substitutes is: 
2. Which of the following characteristics distinguishes an imperfectly competitive industry from a perfectly competitive industry? 
3. As a result of economies of scale, as output expands: 
4. Suppose when a firm produces 1,000 units their total costs equal $5 million. When they produce 2,000 units their total costs equal $9 mil...
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ECON-1002-2/MGMT-3503-2-Microeconomics Week 4 Quiz (30 out of 30 points )
- Exam (elaborations) • 3 pages • 2022
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ECON-1002-2/MGMT-3503-2-Microeconomics Summer Qtr 
Quiz - Week 4 
30 out of 30 points 
1. Suppose the market price of lobster suddenly increases substantially. We can expect that most lobstermen will: 
2. All of the following are characteristics of perfectly competitive markets except: 
3. In a firm's production planning horizon, the "long-run" refers to 
4. Assume Firm A has half the fixed costs of Firm B, but they have the same variable costs and total revenue for all quantities. Which o...
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ECON 1002 WEEK 5 QUIZ – QUESTION AND ANSWERS
- Exam (elaborations) • 4 pages • 2022
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ECON 1002 WEEK 5 QUIZ – QUESTION AND ANSWERS 
•	Question 1 
3 out of 3 points 
 
 
	An industry in which a small number of large firms sell products that are either close or perfect substitutes is:			 
	Selected Answer: 	 
an oligopoly. 
Correct Answer: 	 
an oligopoly. 
			 
•	 Question 2 
3 out of 3 points 
 
 
	Which of the following characteristics distinguishes an imperfectly competitive industry from a perfectly competitive industry?			 
	Selected Answer: 	 
The ability of fir...
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ECON 1002 Microeconomics Exam 2 Latest 2021 With Complete Solution
- Exam (elaborations) • 15 pages • 2021
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ECON 1002 Microeconomics Exam 2 Latest 2021 With Complete Solution 
ECON1002: Microeconomics 
Instructor: Qingbin Wang 
Exam2 
Instruction: You have 115 minutes to finish the quiz. Please choose the most appropriate answer to 
each question and mark it in the Scantron answer sheet. Any answer in the problem set will NOT be 
graded. 
1. If many people in a community install fire hydrants, the whole community benefits including those 
that did not install it. Therefore, not enough people may decid...
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ECON 2001 Week 3 MidTerm With Answers
- Exam (elaborations) • 80 pages • 2021
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- $11.00
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User	Glenn Hayden 
Course	ECON-1002-3/MGMT-3503-3-Microeconomics2018 Spring Qtr 02/26-05/20-PT5 
Test	Exam - Week 3 
Started	4/26/18 12:29 PM Submitted	4/26/18 12:56 PM Due Date	4/30/18 1:59 AM Status	Completed 
 
Attempt Score 
Time Elapsed 
 
100 out of 100 points 
 
26 minutes out of 2 hours and 30 minutes 
 
Instructions	Please answer each question below and click Submit when you have completed the Quiz. 
 
Results Displayed 
 
Submitted Answers, Correct Answers, Feedback 
 
 
 
A dem...
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ECON 2001 Week 3 MidTerm With Answers
- Exam (elaborations) • 9 pages • 2021
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- $12.00
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ECON 2001 Week 3 MidTerm With AnswersUser	Glenn Hayden 
Course	ECON-1002-3/MGMT-3503-3-Microeconomics2018 Spring Qtr 02/26-05/20-PT5 
Test	Exam - Week 3 
Started	4/26/18 12:29 PM Submitted	4/26/18 12:56 PM Due Date	4/30/18 1:59 AM Status	Completed 
 
Attempt Score 
Time Elapsed 
 
100 out of 100 points 
 
26 minutes out of 2 hours and 30 minutes 
 
Instructions	Please answer each question below and click Submit when you have completed the Quiz. 
 
Results Displayed 
 
Submitted Answers, Cor...
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ECON 1002 Quiz Week 2.Latest
- Exam (elaborations) • 458 pages • 2021
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- $25.49
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ECON 1002 Quiz Week 2
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ECON 2001 Week 3 MidTerm With Answers ( LATEST UPDATE )
- Exam (elaborations) • 9 pages • 2021
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- $12.89
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User	Glenn Hayden 
Course	ECON-1002-3/MGMT-3503-3-Microeconomics2018 Spring Qtr 02/26-05/20-PT5 
Test	Exam - Week 3 
Started	4/26/18 12:29 PM Submitted	4/26/18 12:56 PM Due Date	4/30/18 1:59 AM Status	Completed 
 
Attempt Score 
Time Elapsed 
 
100 out of 100 points 
 
26 minutes out of 2 hours and 30 minutes 
 
Instructions	Please answer each question below and click Submit when you have completed the Quiz. 
 
Results Displayed 
 
Submitted Answers, Correct Answers, Feedback 
 
 
 
A dem...
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ECON 1002 Quiz Week 2
- Exam (elaborations) • 458 pages • 2021
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- $13.49
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ECON 1002 Quiz Week 2 
A resource that has common property rights is 
Answer 
Selected Answer: 
Correct Answer: 
treated as though it has a price of zero. 
 Question 2 
1 out of 1 points 
A free rider is someone who 
Answer 
Selected Answer: 
Correct Answer: 
does not pay for the good but still enjoys the benefits of consumption. 
 Question 3 
1 out of 1 points 
Use the following to answer questions 2024: 
Reference: 13-3 
The growth of access to the Internet would cause 
Answer 
Selected ...
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