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Econ102 quiz

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Penn ECON102 Quiz 2
Question 1 Mark can produce 60 baseballs in a month and Katie can produce 42 baseballs in a month. Also, Mark can produce 40 bats in a month and Katie can produce 30 bats in a month. What is Mark&r …
  • Subject : Economics / Macroeconomics
  • Updated On : 12/20/2022
Penn ECON102 Quiz 7
Question 1 In a perfectly competitive market, there are at least thirty firms. at least fifteen firms. a few firms, each too large to influence the market price. many firms …
  • Subject : Economics / Macroeconomics
  • Updated On : 09/20/2018
Penn ECON102 Quiz 6
Question 1 The factors of production are the outputs resulting from a production process the incomes paid to the owners of land and capital the inputs used in the production of goods and services …
  • Subject : Economics / Macroeconomics
  • Updated On : 09/20/2018
Penn ECON102 Quiz 5
Question 1 Bob used to earn $40,000 per year in his job as a nurse, but he quit in order to open his own pizza shop. Bob used $10,000 from his own savings account and borrowed $200,000 more from hi …
  • Subject : Economics / Macroeconomics
  • Updated On : 09/20/2018
Penn ECON102 Quiz 4
Question 1 A demand curve can be described as elastic when the percent change in quantity demanded is equal to the percent change in price the percent change in quantity demanded is smaller …
  • Subject : Economics / Macroeconomics
  • Updated On : 09/20/2018
Penn ECON102 Quiz 3
Question 1 The law of demand is a statement that relates which two variables? price and preferences price and quantity supplied price and household income price and quant …
  • Subject : Economics / Macroeconomics
  • Updated On : 09/20/2018