ECO 304K Study Guide - Final Guide: Marginal Revenue Productivity Theory Of Wages, Price Ceiling, Scantron Corporation
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ECO 304K Full Course Notes
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Instructions: please print clearly your name and uteid here: If your exam is missing any pages, please raise your hand: answer each question by choosing the single best answer. Mark your chosen answer on your scantron answer sheet with a #2 pencil. Press firmly and fill in the entire bubble. You may keep the rest of the exam. All answers must be turned in by the end of the exam period. Late exams will get a score of zero: scores for the exam are as follows: The next four questions are based on the following situation: the supply and demand curves in the market for sandwiches are shown below: How much tax revenue would the tax yield: , sh, , , . The next two questions are based on the following situation: the table below shows the number of units of output that a firm can produce per day, as a function of the number of workers hired.
