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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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Exam Sheet - EconimcsMicro-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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