ECON 1000 Study Guide - Quiz Guide: Scantron Corporation, Marginal Cost, Economic Equilibrium

• School: York University
• Department: Economics
• Course: ECON 1000
• Professor: All

Document Summary

Faculty of liberal arts and professional studies department of economics. ______________________________________: make sure to print your name, student number and sign the sheet above. All questions are multiple choice format: for multiple choice answers, no work needs to be shown. The full marks will be granted if the best answer is circled and zero otherwise: good luck! Choose the one alternative that best completes the statement or answers the question. The momentary supply for air conditioners is: perfectly inelastic, shown by a horizontal curve, elastic, shown by an upward-sloping curve, perfectly elastic, a new car has a sticker price of ,000. Fred decided that he would pay no more than ,000 for this car. Fred obtained a consumer surplus of: ,000, ,000, ,000, ,000, ,000. 13: suppose that the hot dog house can produce hotdogs at a constant cost of sh. 25 each.