MODR 1710 Study Guide - Final Guide: Inferior Good, Price Ceiling, Economic Equilibrium

• School: York University
• Department: Modes Of Reasoning
• Course: MODR 1710
• Professor: Carmela Circelli

Document Summary

Part i - problem format - is worth 40 marks (80% of the total mark of 50) Part ii: a) 5 explanations are worth 1 mark each (10% of the total mark of 50) This total marks in this test are 50. The test is divided into two parts: b) 5 multiple choice are worth 1 marks reach (10% of the total mark of 50) Print your name and student number clearly on the front of the exam and on any loose pages. I: place your answers (and work where necessary) in the space provided. Clearly label all axes, curves, and points: production possibilities curves (12 marks) Suppose that canadian resources can produce the following production possibilities for. 80,000: 1 mark: wheat units intercept = 60,000 and steel intercept = 80,000. 1 mark: ppc curve is linear, i. e. , straight line. Must be clear (could be points: i) 1 mark: no change in the wheat intercept.