Ecn361 topic 2 dq 2 - Study guides, Class notes & Summaries

ECN Topic 5 DQ 2 Evaluate the following statement: "Warren Buffet is one of richest people in the world. He doesn't face any constraint on his ability to purchase commodities he wants." Do you agree with this statement? Why or why not?

Topic 4DQ2 The Coase theorem suggests that efficient solutions to externalities can be determined through bargaining. Under what circumstances will private bargaining fail to produce a solution? Explain your answer.

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 2 DQ 2 Participation & Responses

ECN 361 Topic 6 DQ 2 Participation & Responses

ECN 361 Topic 7 DQ 2 Participation & Responses

ECN 361 Topic 8 DQ 2 Participation & Responses

ECN 361 Topic 4 DQ 2 Participation & Responses

Topic 2 DQ 3: Suppose a farmer knows that he will be able to harvest and sell 3,000 bushels of wheat. Would he prefer a market in which conditions are favorable and most farmers harvest large crops or a market in which conditions are unfavorable and many farmers harvest small crops? Why?

ECN 361 Topic 2 DQ 1 Participation & Responses