Study guides, Class notes & Summaries

ECON 201 Final Exam 2022 impact on quantity demanded of an elastic good when price changes slightly - quantity demanded changes even more than price because of the availability of substitutes (ex: wheat, coke/pepsi) quantity demanded changes less than price because consumers need the product (ex: gas) - impact on quantity demanded of an inelastic good when price changes slightly potential for profit has what impact on competition? - creates more competition by drawing new firms toward the...

Question 1 of 15 10.0/ 10.0 Points The branch of economics that examines the impact of choices on aggregates in the economy is: A. positive economics. B. normative economics. C. macroeconomics. D. microeconomics. Answer Key: C Question 2 of 15 10.0/ 10.0 Points When we are forced to make choices we are facing the concept of: A. ceteris paribus. B. free goods. C. scarcity. D. the margin. This study source was downloaded by from CourseH on 10-05-2022 08:42:21 GMT -05:00 E...

SOC 200 Case Study Report THREE JAYS CORPORATION

SOC 200 Case Study Report THREE JAYS CORPORATION

ECON 201: Initial Claims Sophia Polo.

Remittances and Financial Openness cesifo1_wp3090

1. Using the data in case Exhibit 4 and the 2012 annual demand, calculate the EOQ and ROP quantities for the five SKUs scheduled to be produced in the last week of June. How do these amounts compare with those calculated in 2011? Compare the increases in EOQs with the increases in annual demand. (2.5 points) The 2012 Annual Demand is given as Exhibit 5: Monthly Sales Data Label Type Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec Year Total 3Js Strawberry Jam 2012 345 301 325 299 344 2...

ECON 201 Case Study Report 1: THREE JAYS CORPORATION Hi Dihn: Please find this annotated write-up and my Excel spreadsheet. My comments are in RED font below. I suggested them for Q1-Q2 and Q3-Q4 together for better flow of logic. Your final score (now available on Canvas) is shown at the end of this document. As this was the first case analysis of the course, I have graded your write-up based on your ideas and supporting logic, not whether your answers are right or wrong. Make a cover p...