Ecn361 topic 1 - Study guides, Class notes & Summaries

Topic 4DQ1 The creation of knowledge is a public good. Because knowledge is a public good, profit-seeking firms tend to free-ride on the knowledge created by others and, as a result, devote too few resources to the creation of knowledge. How does the U.S. government correct for this apparent market failure?

ECN 361 Topic 3 DQ 1 Participation & Responses

Topic 2 DQ 1: Explain the difference between change in quantity demanded and shift in demand. What causes change in quantity demanded? What causes a shift in demand?

ECN 361 Topic 3 DQ 1 Participation & Responses

ECN 361 Topic 4 DQ 1 Participation & Responses

ECN 361 Topic 2 DQ 1 Participation & Responses

ECN 361 Topic 6 DQ 1 Participation & Responses

ECN 361 Topic 1 DQ 2

Topic 5 DQ 1 List and briefly explain each of the four properties of indifference curves. Provide an example where you have made a buying decision based on one or more of these properties. Justify your answer.

ECN 361 Topic 2 DQ 1 Participation & Responses