Chapter 1 Assessment

Chapter 1 Assessment - VyHuynh Chapter 1 Hybrid Assessment ECN211 Huntsinger Answer all questions completely Refer to the Getting Started in Class

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Vy Huynh Chapter 1 Hybrid Assessment ECN211 – Huntsinger Answer all questions completely. Refer to the “Getting Started in Class” assignment for how to label your assignments. You may place your answers in between these questions, but use a different color or font (bold, italics, etc.) to differentiate the questions from your answers. 1. A college student is busy with many different activities throughout the week.  Identify five activities that a typical college student performs, and how that aligns  with their goal of maximizing utility (either directly or indirectly). (2 points) 2. Find a real-world example of a firm that you are familiar with. (3 points) a. What good(s) does the firm produce? b.  State specific examples of the four types of resources that the firm uses  in order to create the good(s). 3. Give an original example of when you faced an opportunity cost.  Make sure to  state specifically what the cost was. (1 point)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4. Graph or give an example of when someone was making a decision “at the 
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This document was uploaded on 10/17/2010.

Page1 / 4

Chapter 1 Assessment - VyHuynh Chapter 1 Hybrid Assessment ECN211 Huntsinger Answer all questions completely Refer to the Getting Started in Class

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online