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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
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Reply# 14 Quote
sdfasdfasfdas
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
can you post the final please !!!


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Reply# 15 Quote
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
Thanks for ECON quizes and midterm do you have the final yet I can get.  Can trade for whatever I have


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Reply# 16 Quote
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
Saratoga 22 do you have the final exam yet? If so can you please post it Thank you so much


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Reply# 17 Quote
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
Saratoga 22 could you please email me these test if possible thanks


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Reply# 18 Quote
Posts: 55
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
do you have the final for Econ 101, thanks will trade for whatever I have


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Reply# 19 Quote
saratoga22
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago

ECON FINAL
Part 1 of 1 -  100.0 Points



Question 1 of 19 5.0 Points

One defining characteristic of pure monopoly is that: 
 A. The monopolist is a price taker 
 
 B. The monopolist uses advertising 
 
 C. The monopolist produces a product with no close substitutes 
 
 D. There is relatively easy entry into the industry, but exit is difficult 



Answer Key: C
Question 2 of 19 5.0 Points

Which is a barrier to entry? 
 A. Close substitutes 
 
 B. Diseconomies of scale 
 
 C. Government licensing 
 
 D. Price-taking behavior 



Answer Key: C
Question 3 of 19 5.0 Points

Other things equal, which reduces competition in an industry? 
 A. Patent laws 
 
 B. Freedom of entry for new firms 
 
 C. An increase in the number of producers 
 
 D. An increase in the number of buyers 



Answer Key: A
Question 4 of 19 5.0 Points

The representative firm in a purely competitive industry: 
 A. Will always earn a profit in the short run 
 
 B. May earn either an economic profit or a loss in the long run 
 
 C. Will always earn an economic profit in the long run 
 
 D. Will earn an economic profit of zero in the long run 



Answer Key: D
Question 5 of 19 5.0 Points

An example of a monopolistically competitive industry would be: 
 A. Steel 
 
 B. Soybeans 
 
 C. Electricity 
 
 D. Retail clothing 



Answer Key: D
Question 6 of 19 5.0 Points

Firms in an industry will not earn long-run economic profits if: 
 A. Fixed costs are zero 
 
 B. The number of firms in the industry is fixed 
 
 C. There is free entry and exit of firms in the industry 
 
 D. Production costs for a given level of output are minimized 



Answer Key: C
Question 7 of 19 5.0 Points

Marginal product is: 
 A. the increase in total output attributable to the employment of one more worker. 
 
 B. the increase in total revenue attributable to the employment of one more worker. 
 
 C. the increase in total cost attributable to the employment of one more worker. 
 
 D. total product divided by the number of workers employed. 



Answer Key: A
Question 8 of 19 5.0 Points

The law of diminishing returns indicates that: 
 A. as extra units of a variable resource are added to a fixed resource, marginal product will decline beyond some point. 
 
 B. because of economies and diseconomies of scale a competitive firm's long-run average total cost curve will be U-shaped. 
 
 C. the demand for goods produced by purely competitive industries is downsloping. 
 
 D. beyond some point the extra utility derived from additional units of a product will yield the consumer smaller and smaller extra amounts of satisfaction. 



Answer Key: A
Question 9 of 19 5.0 Points

Which of the following is most likely to be a variable cost? 
 A. fuel and power payments 
 
 B. interest on business loans 
 
 C. rental payments on IBM equipment 
 
 D. real estate taxes 



Answer Key: A
Question 10 of 19 5.0 Points

If average total cost is declining, then: 
 A. marginal cost must be greater than average total cost. 
 
 B. the average fixed cost curve must lie above the average variable cost curve. 
 
 C. marginal cost must be less than average total cost. 
 
 D. total cost must also be declining. 



Answer Key: C
Question 11 of 19 5.0 Points

The selling of stock is debt financing for a corporation.
 
  A. True
 B. False
 



Answer Key: False
Question 12 of 19 5.0 Points

Average fixed costs diminish continuously as output increases.
 
  A. True
 B. False
 



Answer Key: True
Question 13 of 19 5.0 Points

Patents and copyrights were established by the government to reduce oligopoly and monopoly power.
 
  A. True
 B. False
 



Answer Key: False
Question 14 of 19 5.0 Points

Prices in oligopolistic industries are predicted to fluctuate widely and frequently compared to other market structures.
 
  A. True
 B. False
 



Answer Key: False
Question 15 of 19 5.0 Points

The positive view of advertising suggests that it contributes to economic efficiency in the economy.
 
  A. True
 B. False
 



Answer Key: True
Question 16 of 19 5.0 Points

Price fixing is illegal under Section 1 of the Sherman Act.
 
  A. True
 B. False
 



Answer Key: True
Question 17 of 19 5.0 Points

Rent-seeking behavior refers to activities designed to transfer income or wealth to a particular firm or resource supplier at someone else's or society's expense.
 
  A. True
 B. False
 



Answer Key: True
Question 18 of 19 5.0 Points

A purely competitive firm is a price maker, but a monopolist is a price taker.
 
  A. True
 B. False
 



Answer Key: False
Question 19 of 19 10.0 Points

Which of the following is (are) most likely to be produced under conditions resembling perfect competition - automobiles, beer, corn, diamonds, and eggs. Defend your answer in economic terms.


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Reply# 20 Quote
Posts: 55
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
saratoga
do you have the final for ECON 110 thank you for letting me ask
Post Merge: A year ago

Saratoga
do you have the final for ECON 101.  thanks
Post Merge: A year ago

Saratoga
Thanks for all your help with ECON 101, if I can help with anything let me know.


Last Edit: A year ago by bcretired Report this PostReport AbuseLike this PostLike
Reply# 21 Quote
saratoga22
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
I am taking Macroeconomics right now if anyone would like to follow along.


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Reply# 22 Quote
Jarod stewart
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
Can I get someone to send me the test and quizzes for amu microeconomics? I have classes to trade, just let me know please and thank you! Smile


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Reply# 23 Quote
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
Where are you posting the Macro stuff?....I have been searching for them for 3 weeks!....Awesome job with the Micro! 
Post Merge: A year ago

SARATOGA22 please post the Macro ECON102 stuff......or email me at ......please!


Last Edit: A year ago by erockevil Report this PostReport AbuseLike this PostLike
Reply# 24 Quote
Posts: 65
Points: 342
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
If you are looking for micro just type Econ 101 it's on my page and I haven't taken Econ 102 yet


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Reply# 25 Quote
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
ECON101 is what we are replying to...I need ECON102


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Reply# 26 Quote
ECON102
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
saratoga22
Could you post the MACRO quizes here! Please! thank you for the micro your awsome.


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Reply# 27 Quote
Chrissy2013
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Does anyone have the test and quizzes for ECON101 Microeconomics at AMU/APUS
A year ago
If anyone is taking Econ102 MACROECONOMICS I need the quizzes and have classes to trade as well.


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