Package deal
ECO 365 Final Exam 2018, 2017, 2016, 2015 ( 5 versions) (Already graded A+)
ECO 365 Final Exam 2018, 2017, 2016, 2015 ( 5 versions) (Already graded A+)
[Show more]ECO 365 Final Exam 2018, 2017, 2016, 2015 ( 5 versions) (Already graded A+)
[Show more]ECO 365 Final Exam
1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:	 
•	Exceed the marginal cost of diamonds but equal to the average total ...
Preview 1 out of 8 pages
Add to cartECO 365 Final Exam
1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:	 
•	Exceed the marginal cost of diamonds but equal to the average total ...
ECO 365 Final Exam

In 1997, the federal government reinstated a 10 percent excise tax on airline tickets. The industry tried to pass on the full 10 percent ticket tax to consumers but was able to boost fares by only 4 percent. From this you can conclude that the:

Demand for airline tickets is perf...
Preview 1 out of 11 pages
Add to cartECO 365 Final Exam

In 1997, the federal government reinstated a 10 percent excise tax on airline tickets. The industry tried to pass on the full 10 percent ticket tax to consumers but was able to boost fares by only 4 percent. From this you can conclude that the:

Demand for airline tickets is perf...
ECO 365 Final Exam

1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in
A. microeconomic research
B. macroeconomic research
C. theoretical research, because there is no data on these variables
D. empirical research, becau...
Preview 1 out of 10 pages
Add to cartECO 365 Final Exam

1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in
A. microeconomic research
B. macroeconomic research
C. theoretical research, because there is no data on these variables
D. empirical research, becau...
ECO 365 Final Exam


Which of the following statements is true about a downward-sloping demand curve that is a straight line?

 The slope remains the same, but elasticity falls as you move down the demand curve.
 The slope and the elasticity fall as you move down the demand curve. 
 The slope remain...
Preview 1 out of 7 pages
Add to cartECO 365 Final Exam


Which of the following statements is true about a downward-sloping demand curve that is a straight line?

 The slope remains the same, but elasticity falls as you move down the demand curve.
 The slope and the elasticity fall as you move down the demand curve. 
 The slope remain...
ECO 365 FINAL EXAM / ECO365 FINAL EXAM (Latest)
1. During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the:
cost of accommodation and food in Aspen.
value of piano lessons.
cost of buying a piano.
a...
Preview 1 out of 13 pages
Add to cartECO 365 FINAL EXAM / ECO365 FINAL EXAM (Latest)
1. During the winter break, Sam decides to go for a skiing vacation in Aspen instead of taking piano lessons. The opportunity cost of the skiing vacation is the:
cost of accommodation and food in Aspen.
value of piano lessons.
cost of buying a piano.
a...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller QUIZBANK. Stuvia facilitates payment to the seller.
No, you only buy these notes for $49.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
97338 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now