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Producers in Microeconomics Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. What is a util?

Question 2 2. At which point should a producer stop producing goods, according to the law of diminishing marginal returns?

Question 3 3. According to the law of diminishing marginal returns, at which point is the price for a good the highest?

Question 4 4. The law of diminishing marginal returns is best summed up by which of the following statements?

Question 5 5. When would a price go below 0?

Producers in Microeconomics Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Economics 101: Principles of Microeconomics  /  Business Courses
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