MODR 1710 Study Guide - Final Guide: Price Ceiling, Diesel Fuel, Demand Curve

• 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 - multiple choice- is worth 10 marks (20% of the total mark of 50) This total marks in this test are 50. The test is divided into two parts: (5 multiple choice questions worth 2 marks each) Print your name and student number clearly on the front of the exam and on any loose pages. Principles of microeconomics, midterm test #1: sample #3. Part i: place your answers (and work where necessary) in the space provided. Clearly label all axes, curves, and points: production possibilities curves (11 marks) Suppose that canadian resources can produce the following production possibilities for. 16,000: 1 mark: military units intercept = 16,000 and beds intercept = 24,000. 1 mark: ppc curve is concave initially and then linear (must be obvious: a point inside ppc, i) 1 mark: no change in the military intercept (whatever.