ECO200Y1 Study Guide - Midterm Guide: List Of The Belgariad And The Malloreon Characters, Judith Guest, Joses
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ECO200Y1 Full Course Notes
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There are 6 questions of unequal value: yes or no. 2: demand functions, revealed preference/index nos, dishes or errands, multiple choice. Be sure to show all steps in your work for a full grade. Yes or no (8 marks) (8) for each of the statements below, indicate if you agree (yes) or disagree (no). Select the best answer, keeping in mind, of course, the assumptions and models we have developed in class. a) If you use mux / px = muy / py in solving for the equilibrium in the. Indifference model with an ordinal utility function, you might get the right answer, but prof. wolfson will not give you full marks because the equation implies cardinal utility. Yes no: the government wishes to subsidize good x in order to encourage greater use by consumers. It is considering a per unit subsidy or a lump sum income supplement, both of which would cost the.
