Exam (elaborations)

Economics Exam Sheet

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Summary of what was asked on two different economic exams during the year . This summary contains 4 pages.

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Institution: Arteveldehogeschool (Artevelde)
Study: International business management
Course: Economics

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Uploaded on: December 25, 2017
Number of pages: 4
Written in: 2016/2017
Type: Exam (elaborations)
Contains: Only questions

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economics
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artevelde
artevelde college
artevelde college
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Exam Sheet - Econimcs

Micro-economics
1) When hamburgers and ketchup are a complimentary good, and chicken is a
substitute. What happens when the price of hamburgers increase.

2) Calculate the market equilibrium of Demand curve:

3) Graph: calculate the profit (where mc hits mr)

4) PPF,  point inside the curve, what is it?

5) Find the Tc or TVC.

6) Assume that the price elasticity of Belgium’s export demand for semiconductors is
-1,2. The price is increased by 10%. Which one of the following statements is true?

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Economics Exam Sheet

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