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Published bySamantha Maxwell Modified over 9 years ago
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Externalities and Efficiency
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Final Exam About 40% old and 60% new Old multiple choice questions will be taken from previous exams (with modifications!) More short answers based on “basic” economic knowledge. Monopolist cost/revenue table (Number 2 on last assignment). Calculate HHI, Game Theory Graph Supply and Demand.
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Final Exam, Old Material You will definitely need to review: Basic Economic Decision Rule (MB and MC) Opportunity cost Comparative advantage Supply and demand Consumer and producer surplus The formula for price elasticity and …
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Final Exam, Old Material Utility maximizing condition Marginal productivity and marginal costs Profit-maximizing condition The graph of perfectly competitive firms Entry and exit in the long run (the invisible hand)
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See you Thursday! Use the study guide, your notes, old exams, quizzes, the assignment, the book and each other… STUDY HARD AND YOU WILL DO WELL!
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