Lecture A (WK8)

Lecture A (WK8) - Lecture A (WK8) Welcome Back! This week...

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Lecture A (WK8) Welcome Back! This week we will review our work in microeconomics and prepare for your proctored comprehensive final examination. Review for the Examination: Begin by reviewing course core learning objectives in depth. The final Examination will focus upon these learning objectives. You will find them in the syllabus and listed below. Refer to the source of any concepts where you are unsure. The Syllabus identifies the Core Learning Objectives for this course to be : 1. Graph supply and demand in a single graph, define basic items or concepts related to the graph, and use the graph to explain the process by which a good's equilibrium price and quantity are attained. 2. Discuss the tradeoffs faced by an economy and how this relates to the concept of opportunity cost using the production possibilities model. 3. Analyze graphically the marginal cost, average total cost, and average variable cost curves; explain the shape of each curve. 4. Analyze graphically the long-run profit
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This note was uploaded on 06/15/2010 for the course EC 142DLB taught by Professor Graceonodipe during the Spring '10 term at Park.

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Lecture A (WK8) - Lecture A (WK8) Welcome Back! This week...

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