In hindsight, it is clear that Coach P took a overly simplistic approach in choosing
the Varsity and JV teams. He assumed that ind
How can we
Find a monetary measure of a
Evaluate the willingness to pay for
Quantify the effect of economic
policy on consumers?
Suppose you had to pay to download
A market is in equilibrium when total
quantity demanded by buyers equals
total quantity supplied by sellers.
A technology is a process by which
inputs are converted to an output.
E.g. labor, a computer, a projector,
electricity, and software are being
combined to produce this lecture.
Usually several technologie