Answer Key to Final Exam sample problems

Here's a key that I got from one of your classmates. I decided to use it instead because I'm lazy. ;-) Do you think it is correct? Let me know.

1-A, 2-A, 3-B 4-A, 5-C, 6-B,
7-B, 8-B, 9-D, 10-A, 11-D*,
12-B, 13-D, 14-C, 15-B,
16-C, 17-C, 18-C, 19-A, 20-D, 21-B**,
22-D, 23-B, 24-D, 25-C, 26-A,
27-C, 28-B, 29-D, 30-C, 31-A,
32-A, 22-C, 34-D, 35-C, 36-A, 37-B,
38-C, 39-B,
40-D, 41-A, 42-A,
43-C, 44-B, 45-C, 46-B, 47-B

*The firm should cut production since its MC is too high.
**This describes economies of scale.

Sorry for all the monopolistic competition questions. You won't have many at all, however, (here's some free info for those who pay attention to these blogs) the written problem is related to monopolistic competition. It will be a game theory problem applied to choosing whether or not to advertise a product. ;-)