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Essentials of Economics- Week 3 Review Quiz

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9 questions

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  • 1. Multiple Choice
    3 minutes
    1 pt
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    Is the park operating at the minimum cost? 

    YES

    NO

  • 2. Multiple Choice
    2 minutes
    1 pt
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    What is the equilibrium output/sale level?

    50

    100

    150

    200

  • 3. Multiple Choice
    5 minutes
    1 pt
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    What is the per unit and total profit at the equilibrium level?

    100 and 5000

    30 and 1500

    70 and 3500

    50 and 3500

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