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Exam (elaborations)
ECON-B 251 EXAM #3 STUDY GUIDE CORRECT 100%
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--4January 20262025/2026A+Available in bundle
- 21,000 - ANSWERSue quit her $40,000 per year job and opened a coffee shop that she calls Top Brew. In the first year, Top Brew earned $200,000 in revenue. For the same year, Top Brew paid $80,000 to employees in wages, spent $40,000 on ingredients such as coffee beans, $15,000 rent for the building to house Top Brew. Sue also used $50,000 of her personal savings to purchase equipment for Top Brew, which she was earning $4,000 in interest each year. Assuming no depreciation in the value of the eq...
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$13.49 More Info
shantelleG
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Exam (elaborations)
ECON B-251 EXAM 3 QUESTIONS & SOLUTIONS
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--6January 20262025/2026A+Available in bundle
- The Firm's Goal - ANSWER- To maximize profit 
- If the firm fails to do this it is either eliminated or bought out 
 
Explicit Cost - ANSWERCosts paid directly in money 
 
Implicit Costs - ANSWER1. Uses its own capital. 
•Economic depreciation is the change in the market value of capital over a given period. 
•Interest forgone is the return on the funds used to acquire the capital. 
2. Uses its owners' time or financial resources. 
 
Normal Profit - ANSWERThe return to entrepreneurship...
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shantelleG
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Exam (elaborations)
ECON B-251 EXAM 1 Updated Questions and Verified Answers/ Complete Solutions with Rationales |Get It 100% Accurate!! Already Passed!!
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---9December 20252025/2026A+
- ECON B-251 EXAM 1 Updated Questions and Verified Answers/ Complete Solutions with Rationales |Get It 100% Accurate!! Already Passed!!
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$20.99 More Info
Elitestudyfile
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Exam (elaborations)
Econ B 251 – Exam 1 | 100+ Verified Questions on Scarcity, Supply & Demand, Elasticity, Opportunity Cost, Market Efficiency
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--21October 20252025/2026A+Available in bundle
- This document provides over 100 fully verified and graded questions with expert answers from the 2025/2026 Exam 1 for Econ B 251 – Principles of Microeconomics. It offers a deep and structured foundation for students pursuing economics and business programs at the university level, especially those in introductory microeconomics courses. 
 
Key topics covered include the fundamentals of economics, such as scarcity, rational choice, and opportunity cost, along with essential microeconomic model...
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$15.99 More Info
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