Voordeelbundel
ECN 361 DQ 1 & 2 Participation & Responses, Topic 2 - 8 (Package Deal)
ECN 361 DQ 1 & 2 Participation & Responses, Topic 2 - 8 (Package Deal)
[Meer zien]ECN 361 DQ 1 & 2 Participation & Responses, Topic 2 - 8 (Package Deal)
[Meer zien]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?
Voorbeeld 1 van de 3 pagina's
In winkelwagenTopic 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?
Topic 2 DQ 2: 
Adam and Barb go to the store to purchase some lottery tickets. Without looking at the price, Adam says, "I’ll take 10 lottery tickets," and Barb says, "I’ll take $10 worth of lottery tickets." What is each person’s price elasticity of demand for lottery tickets? Explain yo...
Voorbeeld 1 van de 4 pagina's
In winkelwagenTopic 2 DQ 2: 
Adam and Barb go to the store to purchase some lottery tickets. Without looking at the price, Adam says, "I’ll take 10 lottery tickets," and Barb says, "I’ll take $10 worth of lottery tickets." What is each person’s price elasticity of demand for lottery tickets? Explain yo...
Topic 3 DQ 1: 
Consider the market for white athletic socks, which consumers consider to be identical products. If the demand is very elastic and the supply is very inelastic, how would the burden of a new tax on athletic socks be shared between consumers and producers? What if the situation were r...
Voorbeeld 1 van de 4 pagina's
In winkelwagenTopic 3 DQ 1: 
Consider the market for white athletic socks, which consumers consider to be identical products. If the demand is very elastic and the supply is very inelastic, how would the burden of a new tax on athletic socks be shared between consumers and producers? What if the situation were r...
Topic 3 DQ 2: 
Does the United States' labor supply tend to be more elastic or more inelastic? Explain the competing theories discussed in the textbook. Which seems more convincing to you?Explain your answer.
Voorbeeld 2 van de 6 pagina's
In winkelwagenTopic 3 DQ 2: 
Does the United States' labor supply tend to be more elastic or more inelastic? Explain the competing theories discussed in the textbook. Which seems more convincing to you?Explain your answer.
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...
Voorbeeld 1 van de 3 pagina's
In winkelwagenTopic 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...
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.
Voorbeeld 1 van de 3 pagina's
In winkelwagenTopic 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 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.
Voorbeeld 1 van de 2 pagina's
In winkelwagenTopic 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 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?
Voorbeeld 1 van de 3 pagina's
In winkelwagenECN 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?
ECN Topic 6 DQ 1 
Suppose that a small family farm sold its output for $100,000 in a given year. The familyspent $25,000 on fuel; $40,000 on seed, fertilizer, and pesticides; and $25,000 on equipment, including maintenance. The family members could have earned $20,000 working at other occupations. W...
Voorbeeld 1 van de 3 pagina's
In winkelwagenECN Topic 6 DQ 1 
Suppose that a small family farm sold its output for $100,000 in a given year. The familyspent $25,000 on fuel; $40,000 on seed, fertilizer, and pesticides; and $25,000 on equipment, including maintenance. The family members could have earned $20,000 working at other occupations. W...
Topic 6 DQ2 
News reports from the western United States occasionally report incidents of cattle ranchers slaughtering many newborn calves and burying them in mass graves rather than transporting them to markets. Assuming that this is rational behavior by profit-maximizing "firms," explain what ec...
Voorbeeld 1 van de 4 pagina's
In winkelwagenTopic 6 DQ2 
News reports from the western United States occasionally report incidents of cattle ranchers slaughtering many newborn calves and burying them in mass graves rather than transporting them to markets. Assuming that this is rational behavior by profit-maximizing "firms," explain what ec...
ECN Topic 7 DQ 1 
In many college towns, private independent bookstores typically locate on the periphery 
of the college campus. However, in some college towns, the university has used political 
power to restrict private bookstores near campus through community zoning laws. Use 
your knowledge o...
Voorbeeld 2 van de 5 pagina's
In winkelwagenECN Topic 7 DQ 1 
In many college towns, private independent bookstores typically locate on the periphery 
of the college campus. However, in some college towns, the university has used political 
power to restrict private bookstores near campus through community zoning laws. Use 
your knowledge o...
ECN Topic 7 DQ 2 
In markets where the government imposes an excise tax on unit sales, it also has a 
tendency to dabble with restrictions on advertising (for example, cigarettes and hard 
liquor). Do potential (or actual) restrictions on advertising in these markets serve the 
interest of a gove...
Voorbeeld 2 van de 5 pagina's
In winkelwagenECN Topic 7 DQ 2 
In markets where the government imposes an excise tax on unit sales, it also has a 
tendency to dabble with restrictions on advertising (for example, cigarettes and hard 
liquor). Do potential (or actual) restrictions on advertising in these markets serve the 
interest of a gove...
ECN Topic 8 DQ 1 
Using the theory of wage determination, explain why wages in developing countries, 
where levels of capital are small, are typically quite low.
Voorbeeld 2 van de 6 pagina's
In winkelwagenECN Topic 8 DQ 1 
Using the theory of wage determination, explain why wages in developing countries, 
where levels of capital are small, are typically quite low.
ECN Topic 8 DQ 2 
In the 1980s, the dangerous Ebola virus entered the United States through 
contaminated monkeys that were imported for use in medical experiments. Suppose 
this virus had not been contained but had spread to the general population. Assume that 
the virus is lethal in half of the ...
Voorbeeld 1 van de 3 pagina's
In winkelwagenECN Topic 8 DQ 2 
In the 1980s, the dangerous Ebola virus entered the United States through 
contaminated monkeys that were imported for use in medical experiments. Suppose 
this virus had not been contained but had spread to the general population. Assume that 
the virus is lethal in half of the ...
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Je betaalt supersnel en eenmalig met iDeal, Bancontact of creditcard voor de samenvatting. Zonder lidmaatschap.
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper KnowledgeBase. Stuvia faciliteert de betaling aan de verkoper.
Nee, je koopt alleen deze samenvatting voor $140.48. Je zit daarna nergens aan vast.
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 94314 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen