Block, SkipCaptcha, Automoderated users, Bots, edit
57,719
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − ===Introductory:===+ Line 13:
Line 13: − ===Intermediate===+ Line 53:
Line 53: − ===Honors:===+ Line 74:
Line 74: − +
Economics Model Answers Thirteen (view source)
Revision as of 04:25, July 12, 2016
, 04:25, July 12, 2016clean up & uniformity
==Introductory==
'''1. The curve that illustrates how much a company or country can produce of multiple items is called the ________________________.'''
'''1. The curve that illustrates how much a company or country can produce of multiple items is called the ________________________.'''
Answer is (c). For a perfectly competitive firm, P=MC.
Answer is (c). For a perfectly competitive firm, P=MC.
==Intermediate==
'''3. A customer to our imaginary homeschool dinner expected to pay $40, but we only charged him $25. An economist would call the $15 difference the ___________. (Hint: see Lecture #10 review list)'''
'''3. A customer to our imaginary homeschool dinner expected to pay $40, but we only charged him $25. An economist would call the $15 difference the ___________. (Hint: see Lecture #10 review list)'''
Protectionism because although free trade may appear to have immediate short run benefits for consumers in lower costs for goods, it also imposes long run costs in weakening our industries and strengthening our nation's enemies.
Protectionism because although free trade may appear to have immediate short run benefits for consumers in lower costs for goods, it also imposes long run costs in weakening our industries and strengthening our nation's enemies.
==Honors==
[[Image:Econ13c.jpg|right|250px|thumb|Figure C]]
[[Image:Econ13c.jpg|right|250px|thumb|Figure C]]
[[Category:Economics lectures]]
[[Category:Economics lectures]]
{{DEFAULTSORT: Economics Model Answers 13}}
{{DEFAULTSORT:Economics Model Answers 13}}