Changes

Jump to navigation Jump to search

Economics Lecture Seven (view source)

Revision as of 13:42, April 11, 2013

40 bytes removed ,  13:42, April 11, 2013
→‎Honors
Line 280: Line 280:  
Begin studying for the midterm exam and also answer any 3 out of the following 4 questions:
 
Begin studying for the midterm exam and also answer any 3 out of the following 4 questions:
   −
8. Define the term "competition" in a new way by using another powerful term developed in this course.
+
8. Explain what the Producer Surplus is, and provide an example
    
9. Suppose the underlying ''labor'' market is perfectly competitive, but there is a minimum wage above the market rate.  Then suppose that the supply of labor increases.  Explain what the result is and why.
 
9. Suppose the underlying ''labor'' market is perfectly competitive, but there is a minimum wage above the market rate.  Then suppose that the supply of labor increases.  Explain what the result is and why.
Aschlafly
Anthony, Irenaeus, Siteadmin, apieditor, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators
126,194

edits

Retrieved from "https://www.conservapedia.com/Special:MobileDiff/1045781"

Navigation menu