Discussion four, chapter 21:
Please define the following key terms:
Intermediate goods: Output provided to other businesses an intermediate stage of production
Final goods: Output used directly for consumption,investment,and trade purpose .
Demand side GD
Chapter 28 discussion questions.
Please define the following:
Rational expectations:theory that people form the most accurate possible expectations about the
future that they can, using all information available to them.
Adaptive expectations: t
Have you ever thought about the economy? Or, why governments even matter? Try to
think of a government and economy like parts of a car. If one part of that car isn't working the car
wouldn't work as well ;a
Discussion Five, Chapter 22
Define these key terms:
Physical capital:The plant and equipment used by firms in production.
Human capital.The skill and education level of the workers in a country.
Technology. All the ways in which a certain level of capital
Sorry I forgot to send you it
Please list the questions and then answer the following questions and post in the
"Macroeconomic Performance Folder. In most classes this is a dropbox folder. Check the
calendar for the due date.
1 - What was the m
Assignment #1 Introduction Paper
This semester I am currently taking 16 credits and four classes. I have taken all online
classes ever since transferring from Saint Paul College to Metrostate. I enjoy taking online
classes and like the flexibility because
Why is supply chain management an important area to study? How do the functions of
purchasing and logistics contribute to supply chain performance?
Supply chain management is an important area to study because it allows for people to learn
about the how t
1) What happens when you try to enter a record into the Customer Service records table
for which there is no corresponding record in the Customer table?
You get an error that say you cant enter the record without a corresponding Customer ID in the
Chpt 2 Lecture Notes
In Chapter 2, we will be looking be looking at the text material from a different point of view
and so the material as it is presented in a different order than the text. I will try to develop the
material from the point of view of co
eople dont produce everything that they consume. They dont grow all their
own food, make all their own clothes, build their own houses, or provide all
their own health care and education. Instead, people mainly consume goods
Question 1 (1 point)
. the following data about the demand for refrigerators, the elasticity of demand from point A to
to point B is _ ; demand between point A and point B is _.
Lecture Notes Chapter 4
What determines the price of a good?
At one time it was Gods law. Thomas Aquinas, the man who laid out much of the Westerns
Worlds ethos in Summa Theologica, wrote in the late 13th century that it was immoral for a
merchant to sell
Question 1 (1 point)
The following table shows the variable costs for producing different quantities of books. Books sell for $5. Fixed
costs are $0. How many units will a profit maximizing firm sell?
A) 2 units
Chapter 5 Lecture Notes
Chapter 4 looked at the market for goods and services. Chapter 5 looks at the markets for
labor and capital. As with goods and services, labor and capital have prices on the vertical axis.
In labor the price is generally referred t
ECON 1730 02: Microeconomics
30 June 2016
Diminishing Marginal Returns on the Golf Course
We all experience it. We all despise it. We all avoid it. Yes, I am referring to the menial
tasks that come with being employed on a day to day basi
Lecture Notes Chpt 7
Intro: Explain that the concept elasticity is the comparison of the percent of change in one
factor relative to the percentage change in a related factor. In Economics the concern is the
changed of quantity for a given change in price
Lecture Notes Chapter 1
What is an Economy?
An Economy is a social system that ties individuals and firms together in order that goods and
service can be distributed to members of the economy.
Why do we have a social system to distribute goods and service
Grading Rubric- Econ 1730 02 Fall 12
Written Paper- 45 points but 15% of final grade
Microeconomics Project Paper Outline
Identifying economics in your daily life: Select a topic involving an economic concept that
affects your life or has been relevant and present throughout your lifetime.
Approximately 2 3 pag