Scribd Logo
Upload

Welcome to Scribd!

  • Untitled

    Uploaded by

    Devilish Lucifer
    6 views1 page
    This document outlines a 35 minute quiz for an intermediate microeconomics course with 3 questions worth a total of 25 marks. Question 1 (10 marks) asks to graphically depict and explain the derivation of the long-run marginal cost curve. Question 2 (10 marks) asks to do the same for the long-run industry supply curve. Question 3 (5 marks) asks to determine the quantity of output at the shutdown point given a cost function of C = 5q^2 + 200q + 1000.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document outlines a 35 minute quiz for an intermediate microeconomics course with 3 questions worth a total of 25 marks. Question 1 (10 marks) asks to graphically depict and explain the derivation of the long-run marginal cost curve. Question 2 (10 marks) asks to do the same for the long-run industry supply curve. Question 3 (5 marks) asks to determine the quantity of output at the shutdown point given a cost function of C = 5q^2 + 200q + 1000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Untitled

    Uploaded by

    Devilish Lucifer
    This document outlines a 35 minute quiz for an intermediate microeconomics course with 3 questions worth a total of 25 marks. Question 1 (10 marks) asks to graphically depict and explain the derivation of the long-run marginal cost curve. Question 2 (10 marks) asks to do the same for the long-run industry supply curve. Question 3 (5 marks) asks to determine the quantity of output at the shutdown point given a cost function of C = 5q^2 + 200q + 1000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    ECO-201: Intermediate Microeconomics

    Section 1
    Quiz 6
    Time Allowed: 35 minutes
    Maximum Marks: 25 marks

    1: Graphically depict and explain the derivation of the long-run marginal cost (LMC) curve.
    (10 marks)

    2: Graphically depict and explain the derivation of the long-run Industry Supply curve. (10
    marks)

    3: Given the cost function: C = 5q2 + 200q + 1000


    What is the quantity of output at the shutdown point? (5 marks)

    You might also like