ECON 2001.01 Study Guide - Midterm Guide: Graphing Calculator, Demand Curve, Economic Equilibrium

• School: Ohio State University
• Department: Economics
• Course: ECON 2001.01
• Professor: All

Document Summary

On your scantron: under name clearly fill out your last name then your first name; then bubble in the correct letters. You have 75 minutes to finish the exam. When you are done with your exam, you must hand in your scantron and this page (please write your name). Assume that andrea and paul can switch between producing wheat and producing beef at a constant rate. Assume that andrea and paul each has 480 minutes available. The company"s cost will be ,080 if it produces an additional graphing calculator. Assume that england and spain can switch between producing cheese and producing bread at a constant rate. Labor hours needed to make 1 unit of. We could use the information in the table to draw a production possibilities frontier for. England and a second production possibilities frontier for spain. Mexico"s production possibilities frontier: refer to figure 3-20.