Question: The final exam will have 10 questions -- mostly problems with definite numerical answers. In some cases, you'll also need to explain your answer briefly.

The final exam will have 10 questions -- mostly problems with definite numerical answers. In some cases, you'll also need to explain your answer briefly. The questions/problems will involve the following topics: + Competitive market equilibrium and welfare analysis (1 problem) + Elasticity (1 problem) + Consumer analysis (1 question) + Input choice (1 problem) + Output choice (1 problem) + General equilibrium (1 question) + Market failures: externalities (1 question) + Market failures: public goods (1 question) + Bond valuation: time value (1 problem)
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