ARE 201 Midterm: ARE 201 NCSU Exam1f98
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Answer the questions below to the best of your ability. You must show all work to receive full credit for your answers to numerical problems. The price associated with all parts of each question (input) is provided so that you may make an informed management decision regarding the production of this exam (output). Please read and sign the honor pledge on the test sheet below or your exam will not be graded: I have neither given or received unauthorized aid on this exam. 1: please define a positive externality and provide a brief example. (2 points, please fill in the missing information in the table below, and then calculate the unemployment rate and the employment rate. Show all your work for the calculations below: 2: in 1969, a whopper without cheese at burger king had a price of $. 45. In 1998, the price of a whopper without cheese at burger king was . 99.