ECN1 Study guides, Class notes & Summaries

QUESTION 6 6.1. A positive change in taste of mussels will result in a shift to the right/up on the demand curve. Both the equilibrium price and equilibrium quantity will increase (move from 1 to 2 – showing that the price and quantity of the mussels have gone up)

1. Suppose Adam is deciding what mode of transportation to take to get to work in the morning. If Adam decides to take the subway, which of the following is an explicit cost of his decision? Answer: the $2.50 it costs to ride the subway 2. Suppose a firm has annual revenue of $600,000 from producing cars. Alternatively, the firm could produce only the Engines and earn revenue equal to 100,000. Assume that the firm's annual raw materials costs are equal to 400,000 and that the rent it pays...

This document contains notes taken from 11 Weeks of lectures discussing various topics within Microeconomics. The concepts are separated by headers and contain bulleted notes, graphs, tables, and equations.

These are the complete notes and summary of ECN101 business economics. Included are graphs, tables, statistics, and all the knowledge you need to pass your exam. Good luck and have fun :)

All notes, all answers for microeconomics

Lecture notes for the complete course of ECN101 Business Economics. These notes are separated by topic into a total of 13 topics and provide and in depth understanding of the course and its content. Included are graphs, tables, statistics, and more!! Enjoy :)

High-quality past paper questions and answers for the ECN102 World Economy module for the Queen Mary University of London Economics Course. Each question is reproduced and high-quality full-mark scores are written up clearly for each one. Great for preparing for exams, studying and solidifying your knowledge.

High-quality past paper questions and answers for the ECN102 World Economy module for the Queen Mary University of London Economics Course. Each question is reproduced and high-quality full-mark scores are written up clearly for each one. Great for preparing for exams, studying and solidifying your knowledge.

High-quality past paper questions and answers for the ECN102 World Economy module for the Queen Mary University of London Economics Course. Each question is reproduced and high-quality full-mark scores are written up clearly for each one. Great for preparing for exams, studying and solidifying your knowledge.

High-quality past paper questions and answers for the ECN113 Principles of Economics module for the Queen Mary University of London Economics Course. Each question is reproduced and high-quality full-mark scores are written up clearly for each one. Great for preparing for exams, studying and solidifying your knowledge. You can also buy other past paper questions and answers for the 'Principles of Economics' course, or from the 'Economic Principles' course, which are both very similar.