Voordeelbundel
ECO 201 Miami University Tests Bundle Set
ECO 201 Miami University Tests Bundle Set
[Meer zien]ECO 201 Miami University Tests Bundle Set
[Meer zien]1x verkocht
accounting total cost Answer explicit costs only 
 
economic total cost Answer accounting total cost + implicit costs 
 
economic total cost is opportunity cost 
 
accounting profit = Answer total revenue - accounting total costs 
 
economic profit = Answer total revenue - economic total costs 
 
wh...
Voorbeeld 2 van de 9 pagina's
In winkelwagenaccounting total cost Answer explicit costs only 
 
economic total cost Answer accounting total cost + implicit costs 
 
economic total cost is opportunity cost 
 
accounting profit = Answer total revenue - accounting total costs 
 
economic profit = Answer total revenue - economic total costs 
 
wh...
market Answer a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade 
 
economic assumptions (3 of them) Answer people are rational 
people respond to economic incentives 
optimal decisions are made at the margin 
 
economics Answer...
Voorbeeld 4 van de 31 pagina's
In winkelwagenmarket Answer a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade 
 
economic assumptions (3 of them) Answer people are rational 
people respond to economic incentives 
optimal decisions are made at the margin 
 
economics Answer...
consumer surplus Answer the sum (of each unit sold) of the difference between what the buyer is willing to pay (given by the height of the demand curve) and the price the buyer actually pays (market price) 
 
how is consumer surplus calculated? Answer area beneath the demand curve and above market p...
Voorbeeld 2 van de 13 pagina's
In winkelwagenconsumer surplus Answer the sum (of each unit sold) of the difference between what the buyer is willing to pay (given by the height of the demand curve) and the price the buyer actually pays (market price) 
 
how is consumer surplus calculated? Answer area beneath the demand curve and above market p...
1x verkocht
Willingness to Pay (WTP) Answer the maximum amount that a buyer will pay for a good 
 
total willingness to pay (TWTP) Answer the maximum amount of money that buyers in a market are willing and able to give up the index change for Q units of the good 
 
Marginal Willingness to Pay (MWTP) Answer the ...
Voorbeeld 2 van de 5 pagina's
In winkelwagenWillingness to Pay (WTP) Answer the maximum amount that a buyer will pay for a good 
 
total willingness to pay (TWTP) Answer the maximum amount of money that buyers in a market are willing and able to give up the index change for Q units of the good 
 
Marginal Willingness to Pay (MWTP) Answer the ...
ECO201 Final Exam - Miami University questions with correct answers
Voorbeeld 2 van de 12 pagina's
In winkelwagenECO201 Final Exam - Miami University questions with correct answers
Eco201 - Miami University - Final Exam Review questions with correct answers
Voorbeeld 2 van de 5 pagina's
In winkelwagenEco201 - Miami University - Final Exam Review questions with correct answers
Economics Answer A social science where we describe how individuals and socities allocate scare or limited resources in order to meet their wants to demands 
 
Principle I Answer People and society have tradeoffs 
 
Trade offs Answer When we have to give up something for more of another 
 
Principle...
Voorbeeld 2 van de 5 pagina's
In winkelwagenEconomics Answer A social science where we describe how individuals and socities allocate scare or limited resources in order to meet their wants to demands 
 
Principle I Answer People and society have tradeoffs 
 
Trade offs Answer When we have to give up something for more of another 
 
Principle...
If the price of the good increases and the number of unit people want to buy decreases we call this a change in quantity demanded. Answer True 
 
The National Weather Service announces in August that they forecast a very good winter. Demand for heavy winter coats increases due to Answer changes in e...
Voorbeeld 3 van de 27 pagina's
In winkelwagenIf the price of the good increases and the number of unit people want to buy decreases we call this a change in quantity demanded. Answer True 
 
The National Weather Service announces in August that they forecast a very good winter. Demand for heavy winter coats increases due to Answer changes in e...
Vygotsky's view of development Answer children influenced through interactions with others; zone of proximal development; language + dialogue = development; continuous; nurture; culture specific 
 
Piaget's view of development Answer development happens in different stages, discontinuous; both nat...
Voorbeeld 2 van de 8 pagina's
In winkelwagenVygotsky's view of development Answer children influenced through interactions with others; zone of proximal development; language + dialogue = development; continuous; nurture; culture specific 
 
Piaget's view of development Answer development happens in different stages, discontinuous; both nat...
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 cracker. Stuvia faciliteert de betaling aan de verkoper.
Nee, je koopt alleen deze samenvatting voor €35,48. Je zit daarna nergens aan vast.
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 99283 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen