Information about Exam 3

• The exam will be given on Monday, April 24
• You will need an orange scantron, and you must enter your CWID and name perfectly.
• You may use any calculator you like, even a smartphone. But if you seem to be reading from the smartphone instead of calculating I will ask you to sit in the front of class.
• For this test, you may use one side of an 8.5 by 11 inch sheet of paper, handwritten.
• The answers to Homework 11 are here: Homework 11 answers
• The answers to Homework 12 are here: Homework 12 answers
• The answers to Homework 13 are here: Homework 13 answers
• If you cannot take the exam on Friday you must arrange a time with the TAs to take it. It will be a different test than given to the rest of the class and may include some essay questions. Also know that you will have to wait longer to receive your test score.
• Answers to Homework 13 will be posted after class
• In Chapter 6, you don’t need to unerstand the material in video 2.5 and 2.7 (the one’s about marginal cost and marginal value).
• The TAs will hold a review session on Sunday, April 23, 8 PM to 9 PM, in 101 AGH.

Each of the 35 exam questions, all multiple choice and answered on the scantron can be described as follows

1. [Worth 1 point] opportunity cost, Homework 11, Chapter 5.a
2. [1 Pt] opportunity cost, Homework 11, Chapter 5.a
3. [1 Pt] opportunity cost, Homework 11, Chapter 5.a
4. [1 Pt] opportunity cost, Homework 11, Chapter 5.a
5. [1 Pt] opportunity cost, Homework 11, Chapter 5.a
6. [1 Pt] tree harvesting question, 5.a
7. [1 Pt] tree harvesting question, 5.a
8. [1 Pt] tree harvesting question, 5.a
9. [1 Pt] tree harvesting question, 5.a
10. [1 Pt] present value / future value question, 5.a
11. [1 Pt] present value / future value question, 5.a
12. [1 Pt] present value / future value question, 5.a
13. [3 Pts] net present value / home loan refinancing question, 5.a
14. [1 Pt] net present value / home loan refinancing question, 5.a
15. [3 Pts] supply and demand, graphing the curves, chapter 6
16. [1 Pt] supply and demand, chapter 6
17. [1 Pt] supply and demand, chapter 6
18. [1 Pt] supply and demand, chapter 6
19. [1 Pt] supply and demand, chapter 6
20. [1 Pt] supply and demand, chapter 6
21. [1 Pt1] supply and demand, chapter 6
22. [1 Pt1] supply and demand, chapter 6
23. [1 Pt] supply and demand, chapter 6
24. [1 Pt] supply and demand, chapter 6
25. [4 Pts] supply and demand, solving for equilibrium, chapter 6
26. [4 Pts] supply and demand, solving for equilibrium, chapter 6
27. [3 Pts] supply and demand, calculating QS or QD given a price, chapter 6
28. [1 Pt] supply and demand, chapter 6
29. [1 Pt] supply and demand, chapter 6
30. [1 Pt] supply and demand, chapter 6
31. [1 Pt] supply and demand, chapter 6
32. [1 Pt] supply and demand, chapter 6
33. [1 Pt] supply and demand, chapter 6
34. [1 Pt] supply and demand, chapter 6
35. [1 Pt] supply and demand, chapter 6