Econ ch 4 5 - Study guides, Class notes & Summaries

Extremely detail-oriented Principles of Macroeconomics notes that will sure help you pass all of your exams! I made an A in this course with the help of my notes! All notes were taken on an iPad using Goodnotes. *Disclaimer: Please do note that this is a digital product, which you will receive as a Letter size pdf file upon purchase. No physical product will be issued. You can use it as a: - Goodnotes document - Print it as a notebook Use them as your class notes, to supplement exist...

Introduction to Microeconomics (ECON 101)1) The p rice elasticity of d emand is a u nits- free measu re of the responsiveness of A) p rice to chan ges in qu an tity d eman d ed B) qu antity d eman d ed to ch anges in th e p rice of a substitu te or comp lement C) qu antity d emand ed to chan ges in the p rice of the good D) qu antity d emand ed to chan ges in income E) none of the above. An sw er: C 2) If a 10 p ercent rise in price lead s to an 8 p ercent d ecline in qu antity d emand ed , the ...

ECON 101 Week 2 Quiz Ch 3 Week 2 Quiz (Chapter 3) Return to Assessment List Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points A shift of a demand curve to the right, all other things unchanged, will: A.increase equilibrium price and quantity. B.decrease equilibrium price and quantity. C.decrease quantity and increase price. D.increase quantity and decrease price. Question 2 of 10 10.0 Points If the current price is above t...

ECON 200 Exam 2 Sample Answers. CHAPTER 7 (1) Generally speaking, the government is better at providing public goods than the market is because public goods are: (2) London and Stockholm each use congestion charges to discourage driving. Which city has the best system and why? (3) Which concept is most closely associated with the underproduction of goods? (4) A roofing company decides to fix the leaky roof during your scheduled class. The noise impairs the ability of you ...

ECON 101 Quiz 6 Week 6 Ch. 9 Week 6 Quiz (Chapter 9 & 10) Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points Perfect competition is characterized by: A. rivalry in advertising. B. fierce quality competition. C. the inability of any one firm to influence price. D. widely recognized brands. Question 2 of 10 10.0 Points An industry that contains a firm that is the only producer of a good or service for which there are no close substitutes and for which entry by p...

ECON 101 Quiz 5 Week 5 Ch. 8 Week 5 Quiz (Chapter 8) Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points Average variable cost is: A. the firm's variable cost per unit multiplied by the quantity. B. total variable cost divided by quantity. C. the difference between average total cost and total variable cost. D. the difference between total cost and total variable cost. Question 2 of 10 10.0 Points Which of the following is (are) correct? A. Firms are or...

ECON 101 Quiz 7 Week 7 Ch 11 Week 7 Quiz (Chapter 11) Part 1 of 1 - 100.0 Points Question 1 of 10 10.0 Points Monopolistic competition is an industry characterized by a: A. small number of firms producing identical products, with barriers to entry for firms. B. small number of firms producing similar products, with relatively easy entry for firms. C. large number of firms producing similar products, with relatively easy entry for firms. D. large number of firms produc...

notes from principles of economics by mankiw, chs 4-5

University Of Arizona University Of Arizona - ECON 200 Exam 2 Sample Answers. University Of ArizonaUniversity Of Arizona - ECON 200 Exam 2 Sample Answers. CHAPTER 7 (1) Generally speaking, the government is better at providing public goods than the market is because public goods are: B. non-excludable and non-rival (2) London and Stockholm each use congestion charges to discourage driving. Which city has the best system and why? A) Stockholm because they established a dynamic-price con...