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Ecn601 topic 1 - Study guides, Class notes & Summaries

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ECN 601 Topic 1 DQ 1

  • ECN 601 Topic 1 DQ 1

  • Other • 2 pages • 2023
  • Available in package deal
    • Topic1DQ1 Feb2-4,2023 Explainwhytheconsiderationofopportunitycostsmaybeveryrelevanttoafirm.Howcanopportunitycostsaffectabusinessdecision?Useanexampletosupportyouranswer
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ECN 601 Topic 1 DQ 2

  • ECN 601 Topic 1 DQ 2

  • Other • 2 pages • 2023
  • Available in package deal
    • Topic1DQ2 Feb2-6, 2023 Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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ECN 601 Topic 3 DQ 1 plus DQ 2

  • ECN 601 Topic 3 DQ 1 plus DQ 2

  • Other • 3 pages • 2023
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    • Topic3DQ1 Feb16-18, 2023 Whatmarketstructurebestdescribestheenvironment withinwhichyourorganizationoperates?What challenges and opportunities would arise from higher and lower degrees of governmentintervention? Provide arationaleto supportyour selected marketstructure. Topic3DQ2 Feb16-20, 2023 How do firms contribute to the efficiency of the market economy in ways that networks ofindependentcontractorsdonot?Useyourorganization, oronewithwhichyouarefamiliar, toillustrate your response.
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ECN 601 Topic 2 DQ 1

  • ECN 601 Topic 2 DQ 1

  • Other • 2 pages • 2023
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    • Topic 2DQ1 Feb9-11,2023 Explainasituationyouhaveobserved(orreadabout)inwhichafirmmadeadecisionconsideringirrelevantcostsordidnotconsiderrelevantcosts.Whatwastheoutcomeofthedecision,andwhatcouldhavebeendonedifferently?
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ECN 601 Topic 1 DQ 1 plus DQ 2

  • ECN 601 Topic 1 DQ 1 plus DQ 2

  • Other • 3 pages • 2023
  • Available in package deal
    • Topic1:FoundationsofEconomics-SupplyandDemand Topic1DQ1 Feb2-4,2023 Explainwhytheconsiderationofopportunitycostsmaybeveryrelevanttoafirm.Howcanopportunitycostsaffectabusinessdecision?Useanexampletosupportyouranswer. Topic1DQ2 Feb2-6, 2023 Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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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 1 DQ 2

  • ECN 601 Topic 1 DQ 2

  • Other • 2 pages • 2023
  • Available in package deal
    • Topic1DQ2 Feb2-6, 2023 Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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ECN 601 Topic 1 DQ 2

  • ECN 601 Topic 1 DQ 2

  • Other • 2 pages • 2023
  • Available in package deal
    • Topic1DQ2 Feb2-6, 2023 Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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ECN 601 Topic 4 DQ 1 plus DQ 2 Grand Canyon

  • ECN 601 Topic 4 DQ 1 plus DQ 2 Grand Canyon

  • 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 8 DQ 1 Grand Canyon

  • ECN 601 Topic 8 DQ 1 Grand Canyon

  • Other • 2 pages • 2023
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    • Topic 8DQ1 Mar23-25,2023 GotoTheEconomistwebsiteandsearchfortheBigMacIndexforarecenttimeperiod.ComparethePurchasingPoweroftheUnitedStateswithanothercountry.Trytochooseacountrywithwhichyouarenotveryfamiliar.Whatdoesthisparitysayaboutthepotentialstandardoflivinginthecountryyouchose?Whatdoesitsayaboutthepotentialwagelevel?
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