Instructions: This Exam is closed notes, closed book, and any resource to assist you is strictly prohibited. All violations will be reported to the Office of Students Rights and Responsibilities. Remember the following:You must use Honorlock with a working webcam and present your San Jac ID, driver’s license, or official state issued photo ID.You must remain visible on camera, stay in the room, and complete the exam alone.The exam includes 40 questions and allows 75 minutes to complete.It must be finished in one sitting and will automatically submit when time runs out.How to Review: If you would like to review your completed Exam, please follow the instructions below.Login to BlackboardSelect this courseSelect the appropriate ExamSelect “Your Grade”Select “Attempt”

Choose ALL graphs which are functions from the following:                

Match the function with its graph. [a]     [b]   [c]   [d]  

Choose ALL graphs which are NOT functions from the following:                

Choose one of the red graphs from a, b, c, d, e, f, g, h, i, or j for each function: The first function has the graph, [1] The second function has the graph [2] The third function has the graph [3]  

Consider the following graph for  . Which one of the following functions can represent the graph? a.   

Given that the piecewise-defined function   is as follows,

a) What defines an oligopoly and how is it different from monopolistic competition?  Give at least two ways that they are different.   b) List five oligopolists whose products you own or regularly purchase.   c) Of the five you listed in part b),  choose one and explain how you are better or worse off than if the industry were monopolistically competitive instead?  

Suppose that a monopolistically competitive restaurant is currently selling 250 meals per day (the output where MR=MC).  At that output level, ATC per meal is $5 and consumers are willing to pay $8 per meal.  a) What is this firm’s profit or loss?  b) Will there be entry or exit into or out of the industry?  How do you know? c) What will happen to the restaurant market in the long run?  Hint:  you should be able to explain whether demand or supply shifts as a result.

The ___________________ Act is a federal policy that requires local police to detain those who have entered the US illegally and also have a criminal conviction until they can be picked up by an Immigration & Customs Enforcement officer.