Economics (Econ528)
University Of Louisiana At Lafayette
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ECON 528_Midterm_Exam 2018 | ECON 528_Midterm_Exam_100% CORRECT ANSWERS
- Exam (elaborations) • 22 pages • 2021
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ECON 528_Midterm_Exam 2018 
ECON 528-850 - ECON 528-010- 
 
 
Started on	Sunday, 23 September 2018, 8:02 PM 
State	Finished 
Completed on	Sunday, 23 September 2018, 8:37 PM 
Time taken	34 mins 51 secs 
Marks	20.00/20.00 
Grade	10.00 out of 10.00 (100%) 
 
 
Question 1 
Correct 
 
Mark 1.00 out of 1.00 
 
Managerial economics Select one: 
a.	helps managers make decisions in the face of scarcity. 
b.	ensures managers always make good decisions. 
c.	describes how pay for managers is set. 
d.	explai...
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Econ 528 Midterm Test 2020 – Grade A | Econ 528 Midterm Test 2020
- Exam (elaborations) • 8 pages • 2021
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Econ 528 Midterm Test 2020 – Grade 
Midterm 
1.) A good that is similar to another, and can be consumed in place of it, is called: 
 A.) A complementary good 
B.) A substitute good C.) An inferior good D.) A normal good 
2.) Unlike an accountant, an economist measures costs on a(n)	basis. 
A.) Historical 
B.) Conservative C.) Explicit 
D.) Replacement 3.) Scarcity 
A.) Applies only to people living in poverty B.) Leads to higher prices 
C.) Used to exist everywhere but has been eliminated in ...
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Econ 528 Mid Term Exam_ Managerial Economics | Econ528 Mid Term Exam_Summer 2022/2023_ Graded A
- Exam (elaborations) • 12 pages • 2021
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Econ 528 Mid Term Exam_Summer 2022/2023_Manegerial Economics – University of Louisiana 
 
Section – A	20 questions x 2 points = 40 points 
 
Check the best answer from the choices given for each of the 20 questions below. 
 
1.	Total cost minimization occurs at the point where: 
(a)	AC = 0. 
(b)	AC = MC. (c)		MC = 0. 
(d)	MC > AC. 
 
2.	Average cost minimization occurs at the point where: 
(a)	AC = 0. (b)	AC = MC. 
(c)	MC = 0. 
(d)	MC > AC. 
 
3.	If the demand function is given by: P =...
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