Ecn 601 topic 4 - Study guides, Class notes & Summaries
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ECN 601 Topic 4 Exam 1 (Multiple Choice)
- Exam (elaborations) • 17 pages • 2023
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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)
- Exam (elaborations) • 17 pages • 2023
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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
- Exam (elaborations) • 8 pages • 2023
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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
- Other • 8 pages • 2023
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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
- 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
- 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
- Exam (elaborations) • 17 pages • 2023
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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...
-
ECN 601 Topic 4 DQ 1 plus DQ 2
- Other • 4 pages • 2023
- Available in package deal
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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
- Other • 3 pages • 2023
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Topic 4DQ2 
Feb23-27,2023 
 
Whatisthecorrelationbetween,andevidencebehind,marketconcentrationandpricelevels?Doyoufindanyrelationshipbetweenlackofcompetitionandothereconomicvariables?UseatleastonearticlefromTheWallStreetJournal,oranotherscholarlyreference,tosupportyourresponse.Whataretheethicalramificationsofmarketconcentration?
-
ECN 601 Topic 4 DQ 1
- Other • 2 pages • 2023
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Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
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