Ecn 601 topic 4 - Study guides, Class notes & Summaries

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ECN 601 Topic 4 Exam 1 (Multiple Choice)
  • ECN 601 Topic 4 Exam 1 (Multiple Choice)

  • Exam (elaborations) • 17 pages • 2023
  • Available in package deal
  • 1. Question:Theopportunity cost ofanactionis: 2. Question:Priceceilingscause: 3. Question:Acompanyinvested$400,000inatechnologythatreducedtheoverallcostsof production by reducing their cost per unit from $2 to $1.85. Later, amanagerhasanopportunitytooutsourceproductiontoanothercompanyatacostperunitof$1.75.Ifyouare themanager,you: 4. Question:Anincreaseinthepriceofacomplementshiftsthedemandcurvetothe: 5. Question:Afirmsells1,000unitsperweek.Itcharges$15perunit,theaveragevariablecostsare$10,an...
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ECN 601 Topic 4 Exam 1 (Multiple Choice)
  • ECN 601 Topic 4 Exam 1 (Multiple Choice)

  • Exam (elaborations) • 17 pages • 2023
  • 1. Question:Theopportunity cost ofanactionis: 2. Question:Priceceilingscause: 3. Question:Acompanyinvested$400,000inatechnologythatreducedtheoverallcostsof production by reducing their cost per unit from $2 to $1.85. Later, amanagerhasanopportunitytooutsourceproductiontoanothercompanyatacostperunitof$1.75.Ifyouare themanager,you: 4. Question:Anincreaseinthepriceofacomplementshiftsthedemandcurvetothe: 5. Question:Afirmsells1,000unitsperweek.Itcharges$15perunit,theaveragevariablecostsare$10,an...
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ECN 601 Topic 4 Problems Chapter 12, Chapter 14
  • ECN 601 Topic 4 Problems Chapter 12, Chapter 14

  • Exam (elaborations) • 8 pages • 2023
  • Available in package deal
  • Problems Chapter 12 1. Question:A top producer of tennis balls has recently started manufacturing tennis rackets, a complementary product to tennis balls. As a result, it should 2. Question:A very profitable, high-margin chain of ice cream shops has acquired its main competitor, a low-margin frozen yogurt chain. It should 3. Question:Long-run marginal cost 4. Question:Advertising that conveys an image of high product quality makes demand accompanied with a ______ . 5. Question:To go along w...
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ECN 601 Topic 4 Problems Chapter 12, Chapter 14
  • ECN 601 Topic 4 Problems Chapter 12, Chapter 14

  • Other • 8 pages • 2023
  • Problems Chapter 12 1. Question:A top producer of tennis balls has recently started manufacturing tennis rackets, a complementary product to tennis balls. As a result, it should 2. Question:A very profitable, high-margin chain of ice cream shops has acquired its main competitor, a low-margin frozen yogurt chain. It should 3. Question:Long-run marginal cost 4. Question:Advertising that conveys an image of high product quality makes demand accompanied with a ______ . 5. Question:To go along w...
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ECN 601 Topic 4 DQ 1 plus DQ 2
  • ECN 601 Topic 4 DQ 1 plus DQ 2

  • Other • 4 pages • 2023
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  • Topic 4DQ1 Feb23-25,2023 Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday? Topic 4DQ1 Feb23-25,2023 Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
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ECN 601 Topic 4 DQ 2
  • ECN 601 Topic 4 DQ 2

  • Other • 3 pages • 2023
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  • Topic 4DQ2 Feb23-27,2023 Whatisthecorrelationbetween,andevidencebehind,marketconcentrationandpricelevels?Doyoufindanyrelationshipbetweenlackofcompetitionandothereconomicvariables?UseatleastonearticlefromTheWallStreetJournal,oranotherscholarlyreference,tosupportyourresponse.Whataretheethicalramificationsofmarketconcentration?
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ECN 601 Topic 4 Exam 1 (Multiple Choice) Grand Canyon
  • ECN 601 Topic 4 Exam 1 (Multiple Choice) Grand Canyon

  • Exam (elaborations) • 17 pages • 2023
  • Available in package deal
  • 1. Question:Theopportunity cost ofanactionis: 2. Question:Priceceilingscause: 3. Question:Acompanyinvested$400,000inatechnologythatreducedtheoverallcostsof production by reducing their cost per unit from $2 to $1.85. Later, amanagerhasanopportunitytooutsourceproductiontoanothercompanyatacostperunitof$1.75.Ifyouare themanager,you: 4. Question:Anincreaseinthepriceofacomplementshiftsthedemandcurvetothe: 5. Question:Afirmsells1,000unitsperweek.Itcharges$15perunit,theaveragevariablecostsare$10,an...
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ECN 601 Topic 4 DQ 1 plus DQ 2
  • ECN 601 Topic 4 DQ 1 plus DQ 2

  • Other • 4 pages • 2023
  • Available in package deal
  • Topic 4DQ1 Feb23-25,2023 Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday? Topic 4DQ1 Feb23-25,2023 Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
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ECN 601 Topic 4 DQ 2
  • ECN 601 Topic 4 DQ 2

  • Other • 3 pages • 2023
  • Available in package deal
  • Topic 4DQ2 Feb23-27,2023 Whatisthecorrelationbetween,andevidencebehind,marketconcentrationandpricelevels?Doyoufindanyrelationshipbetweenlackofcompetitionandothereconomicvariables?UseatleastonearticlefromTheWallStreetJournal,oranotherscholarlyreference,tosupportyourresponse.Whataretheethicalramificationsofmarketconcentration?
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ECN 601 Topic 4 DQ 1
  • ECN 601 Topic 4 DQ 1

  • Other • 2 pages • 2023
  • Available in package deal
  • Topic 4DQ1 Feb23-25,2023 Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
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  • $17.99
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