PLEASE DO NOT WRITE ON THIS EXAMINATION FORM. 1. Which of the following statements is correct? a. Real GDP is the total market value of the final goods and services produced in America for sale in a year valued in the prices of 1992. b. Your buying stock in the stock market is an example of investment spending c. Potential Real GDP is always greater than Equilibrium Real GDP d. Social security and welfare are examples of spending on infrastructure
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1. Choosing Prices to maximize Revenue/Profit: EXAMPLE/ The Village of Oakland Township made an offer to both the Detroit Pistons and the Detroit Lions to relocate. While both teams charged "monopoly prices" for the average ticket to a game at their original suburban locations‚ the Lions did relocate‚ and cut average ticket prices to the Cournot competitive levels. The Pistons’ demand function is given by: QP = 200 - 6PP + 2PL‚ while that of the Lions is given by: QL = 150 + 2PP - 5PL‚ where
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Lindstrom Item Final Examination August 2011 9 Duration: 180 minutes (3 hours) 63 6 D mI Examinations Aids: te Non-Programmable Calculators I This examination paper consists of 16 pages and 8 questions. Please bring any discrepancy to the attention of an invigilator. The number in brackets at the start of each question is the number of points the question is worth. Answer all questions. D 29 76 I To obtain credit‚ you must give arguments to support your answers. er Score
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ANSWERS to Homework #7 E201 Spring 2009 1. If the government places a $500 tax on luxury cars‚ will the price paid by consumers rise more than $500‚ less than $500‚ or exactly $500? Explain. Price will rise by less than $500. The only way price could rise by exactly $500 is if demand (or supply) is perfectly inelastic. 2. The FICA tax funds Social Security programs. Congress established a 15.3% FICA tax rate; by law‚ the tax burden is split 50-50 between employer and employee. So‚
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FINAL EXAM MATERIAL Lecture notes: see Blackboard Tutorial problem sets: see Blackboard Book chapters: Varian‚ 8th ed. 1 The market 2 Budget constraint 3 Preferences 4 Utility 5 Choice 6 Demand 8 Slutsky equation (no algebra required) 14 Consumer’s surplus (no algebra required) 15 Market demand 18 Technology 19 Profits maximisation 20 Cost minimisation 16 Equilibrium 31 Exchange and Welfare Theorems (no algebra required)
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QUESTION 1 – (16 Marks) – 28 minutes The following data is from the accounts of Fleury Corporation on December 31‚ 2005‚ the end of the current reporting year. Dr. Cr. Cash $ 116‚000 Accounts receivable‚ trade 337‚000 Short-term investment in marketable securities 440‚000 Inventory of merchandise‚ FIFO 1‚295‚000 Prepaid expense (short term) 11‚000 Investment in Hydro One Bonds (Held to Maturity – June 30‚ 2008) 147‚000 Advances to suppliers (short term) 24‚000 Dividends
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SEC578 Final Exam Study Guide YOU MAY WANT TO PRINT THIS GUIDE. 1. The Final Exam is "open book‚ open notes." The maximum time you can spend in the exam is 3 hours‚ 30 minutes. If you have not clicked the Submit For Grade button by then‚ you will be automatically exited from the exam. In the Final Exam environment‚ the Windows clipboard is disabled‚ so you will not be able to copy exam questions or answers to or from other applications. 2. You should click the “Save Answers” button in the exam
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Final Exam Study Guide The following are broad / general questions that students should be able to answer after having completed this course. Note that these are not specific questions taken from the final exam; these questions are to be used as a guide to judge how well you know the material. (NOTE: Did you notice the specific study strategy that is encouraged by the format of this study guide?) Success in College What are the different types of learning styles? Why can failure be a good thing
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Currency Conversion Final Project The Currency Conversion application is a menu-driven program that allows users to select one of five international currency types‚ input the amount of a foreign currency‚ and then converts the foreign currency to dollars. The program displays the equivalent dollar amount and returns the user to the menu until another conversion is inputted or quits the program. International currency type (menu selection) * Canadian dollars (rate: 1 U.S. dollar = 1.4680
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Quiz #3 Name: Jaime A. Hendricks Jr. ASTR 100 Due in your Assignment Folder by 07/14/13 This quiz is worth 8% of Your Grade. You are free to use your textbook‚ notes‚ etc. to answer these questions. If you use any web sources‚ please note these in your responses. 1. Explain three differences between terrestrial and Jovian planets. -Three differences between terrestrial and Jovian planets are first their surfaces. Terrestrial planet’s surface is made of solid and Jovian
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