February 24, 2010
Sanjay likes his job so much that he would be willing to do it for free. However, his
annual salary is $80,000.
March 20, 2010
In this assignment I learned that the total product curve and the marginal product
of labor are equal. They are equal thanks to the slope. While drawing up the chart we
realize that the slope of the total product
Take Home Exam
May 17th, 2015
1. Being if more condoms are available for teenagers does not necessarily mean that teen
pregnancy will decrease. The law of unintended consequences explains this because if
more condoms are avai
Economics: the study of how individuals choose to use their scarce resources in an attempt to
satisfy their unlimited wants.
Unlimited wants: prefer more to less
1. Capital: all man made goods and services that are used to produce other goods a