Econ200 Samenvattingen, Notities en Examens

UNIVERSITY OF ARIZONA ECON 200 Chapter 1 & Chapter 2 Study Guide Questions & Answers Chapter 1 1. Economics is A) the study of how people make choices B) the study of stock trading C) the study of money D) the study of large corporations 2. If it takes even a small amount of time, energy or money to acquire then a good is A) abundant B) in shortage C) cheap D) scarce 3. An example of a direct negative incentive is: A) providing a commission for sales. B) awarding a promotion for hard wo...

Homework 8 - solution 1. Hotel rooms in Smalltown go for$100 and 1,000 rooms are rented on a typical day. a. To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. After the tax is imposed, the going rate for hotel rooms rises to $108 and the number of rims rented falls to 900. Calculate the amount of revenue this tax raises for Smalltown and the deadweight loss of the tax. (Hint: The area of a triangle is ½ times base times height) b. The mayor now doubles the ta...

ECON 200 Exam 2 Sample Answers

Notes on perfect competition

Economics notes on elasticity of demand with several formulas

UNIVERSITY OF ARIZONA ECON 200 Chapter 3,Chapter 4 & Chapter 5 Study Guide Questions & Answers Chapter 3 1. The most expensive private high schools in New York City cost close to $50,000 a year to attend. That is MORE than it costs to attend some elite universities. What explains why the tuition is so high at these schools? A) There is very high demand. B) There is a limited supply of highly prestigious schools. C) The demand is low but supply is large. D) The demand is quite high and the...

This is the completed notes for lecture 2 of econ 200, I have not included lecture 1 due to the fact it was focused on the syllabus and we didn't learn any important information. However, if you are interested in seeing lecture 1

This is the completed notes for lecture 2 of econ 200, I have not included lecture 1 due to the fact it was focused on the syllabus and we didn't learn any important information. However, if you are interested in seeing lecture 1

This is the completed notes for lecture 2 of econ 200, I have not included lecture 1 due to the fact it was focused on the syllabus and we didn't learn any important information. However, if you are interested in seeing lecture 1