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ECONOMICS 10-8
ECON 10-8: FINAL EXAM 12/16/00 PROF. WILDE
1. In microeconomics, we typically assume that producers are attempting to maximize profits, which can be measured by:
a) total costs total revenues
b) (P ATC) Q
c) (Q-ATC) P
d) PQ ATC
e) P(ATC) Q
2. In microeconomics, we refer to the short run as a time interval during which a producer is able to select:
a) the output quantity
b) the quantity of workers
c) the quantity of capital
d) all of the above
e) only ...
Approximate word count: 3358
Approximate pages: 13 (250 words per
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