Econ528 - Study guides, Class notes & Summaries

SMA 2101: CALCULUS I c Francis O. Ochieng Department of Pure and Applied Mathematics Jomo Kenyatta University of Agriculture and Technology Course content • Functions: definition, domain, range, codomain, composition (or composite), inverse. • Limits, continuity and differentiability of a function. • Differentiation by first principle and by rule for x (integral and fractional n). • Other techniques of differentiation, i.e., sums, products, quotients, chain rule; their applicat...

Econ 247 Exam Questions with 100% Correct Answers Total Revenue - the amount a firm receives for the sale of its output Total Cost - the amount that the firm pays to buy inputs Total Profit - total revenue - total cost Explicit costs - input costs that require an outlay of money by the firm Implicit cost - Do not require a cash outlay economic profit - total revenue minus all opportunity costs, explicit and implicit of producing the good and services sold. Accounting profit - total reve...

44. What percent of 700 is 353.5? a. 50.5% b. 49.5% c. .505% d. RESPONSE: .495% 45. The sales force of Oceania Insurance successfully closed 362 sales out of 1,500 sales calls. What was their percent success rate? (Round to the nearest whole percent) a. 56% b. 24% c. 42% d. RESPONSE: 74%

Complete this Milestone 1 worksheet using the directions within to guide you. Submit your completed worksheet in the “Assignment and Grades” tab in your course menu. When you have submitted this assignment for grading, please return to Module 3 for a module wrap-up. Your task: You will take the role of a researcher for an umbrella manufacturing company that is considering entering a new market. You have been asked by the board of directors for advice on how to understand the economic fa...

Aggregate Demand – The total demand for a country’s goods and services at a given price level and in a given time period. Aggregate Demand Formula: AD = Aggregate Demand C = Consumption / Consumer Expenditure I = Investment G = Government Expenditure X = Exports M = Imports Exports – Imports ≡ Net Trade ≡ Net Exports Consumption / Consumer Expenditure – Spending by households on consumer products – Consumption is the largest component of AD Investment – Spending on ca...

Econ 200 Exam Questions with 100% Correct Answers Economies of scale - A natural monopoly achieves ____ over the entire range of market supply: the maximum amount of output attainable from a given combination of factor inputs - A production function describes: Marginal Physical Product - The change in total output that results from one additional unit of input is the: Diminishing Returns - If more of an input factor is used, while holding other inputs constant, a firm will eventually ex...

Econ 213 Exam Questions with 100% Correct Answers business cycles - Alternating increases and decreases in economic activity that are typically punctuated by periods of recession and recovery. yield curve - Shows the relationship between the interest rate earned on a bond (measured on the vertical axis) and the length of time until the bond's maturity date (shown on the horizontal axis). circular flow diagram - Illustrates how households and firms interact through product and resource m...

ECON 528 / ECON528 Final Exam. Questions And Answers (100% Correct) A+ Graded

The law of diminishing marginal returns states that increases in the variable input reduce the total product. Select one: True False The correct answer is 'False'. We should use relatively more labor if we learn that the marginal product per dollar of labor expenditures is less than a marginal product per dollar of capital expenditures. Select one: True False The correct answer is 'False'. ECON528-850-ECON528-010- Question 3 Correct Mark 1.00 out of 1.00 Question 4 Cor...