1. Along a production possibilities curve, an increase in the production of one type of good can
be accomplished only by:
decreasing the production of the other type of good.
increasing the production of the other type of good.
holding constant the produc
EC142 Week 3 Essay
Week 3 Essay
EC142 Week 3 Essays
Professor this link would be a good video to show the class.
From Chapter 8 give an overview of Monopoly and Antitr
EC142 Week 4 Essay
Week 4 Essay
EC142 Week 4 Essays
From Chapter 11 State and evaluate the cases for and against income inequality, using the
equality versus efficiency argument.
Income equality takes away the incent
EC142 Week 2 Essay
Week 2 Essay
EC142 Week 2 Essays
From Chapter 5 give an overview of Externalities and the concept of Coase Theorem.
Externalities are either positive or negative:
A positive externality is consider
Question # 2
Black Friday is the beginning of the Holiday Season. Retailers drastically cut prices for Black
Friday to entice customers. In recent years, Black Friday has become violent. The following
EC142 Week 1 Essay
Week 1 Essay
EC142 Week 1 Essays
From Chapter 1 give an overview of the Economic perspective. Did Gates, Winfrey,
Rodriguez make bad choices by giving up on college? What would you have done?
Question # 2
The federal minimum wage may vary from the minimum wage in your state. Please visit the
following website or any other website https:/www.thebalance.com/2017-federal-stateminimum-wage-rates-2061043 (Links to an external site.), which provides
What else could you be doing in place of taking EC142? What are your forgone alternatives?
Why might it be more expensive for Kobe Bryant (Former Los Angeles Laker) to take classes
this class than you and I?
The foregone alternative that I gav
DUE 30 MAR
1. A big difference between Market System and Command System is who owns/controls the property/resources
and also who makes the decisions. In a command system, the government owns all and decides how it will
1. Economics is all about wants and means, the goods and services we want to
satisfy our desires. Unfortunately, for most of us, our wants will exceed our means
to acquire them. We are limited by our means and therefore mu
Homework due 26 April 2011
1 Monopolistic competition differs from pure competition in that the products in a monopoly are differentiated
where in pure competition the product is standardized. Monopolistic competition the products
Homework due 4 May 2011
1 Using quintiles (divisions of 5) the United States is divided into 20% brackets with each 20%
group earning a portion of the total income. The bottom 20% earns just 3.4% of the total income
in the US, wh
Due 6 April 2011
1. The formula for measuring price elasticity of demand is
Percentage of change in quantity demanded of X
Percentage change in price of X
If Ed is less than 1 the demand is inelastic. A change in p
March 28, 2016
4. The ruling would make the price elasticity of demand more inelastic. Assuming
the rule did not exist that there would not be another university that is equivalent
that other students cold transfer to. S