ECN cheat sheet
PED= % ^Qd/%^P
~ max MR=MC
Short run: A time period when at
least one input, such as plant size,
cannot be changed
Incm E= %^Q/%^Incm
Unit elastic= 1
ECN 360 - MIDTERM TOPICS
Topic I Elasticity
Price Elasticity of Demand - solve for one variable if given the other two: E, %P, %Q
Price Elasticity of Demand and Total Revenue - if PED is elastic/inelastic what happens if P
The search method that I used was the databases. The key words in my research included
Urinary tract disease, bladder, and kidney, Urinary tract infections, CAUTI, and UTIs. The
criteria for inclusion and exclusion that I used were based on the topic CAUT
Introduction to Economic notes
Economics is practical and applicable to our daily life. It is the study of resources, resource use,
Making decision on how to use resources such as money, time, or use of talents.
Economics divided into
Auxiliary Problems for Week 5
1. In a Treasury Inflation Protected Security (TIPS), ones real interest rate is fixed (i.e.,
protected against inflation). How does this differ from a traditional bond?
2. You borrow $15,000 at a fixed nominal interest rate
Competition and Profits
All firms are in business to make a profit.
Their profit opportunities are limited by the
amount of competition they face.
Little competition, easier to be profitable.
Lots of competition, much more difficult.
Google: The World's Most
By Khongchanok Paepipatmongkol
The formal system of
work roles and
how associates and
interact with o
Oct. 27 2015
At a meeting at the UN in New York, leaders of the world agreed a new set of Global Goals
for the development of the world to 2030. And here they are: these goals are the product of a
massive consultation exercise. The Global Goals ar
Blog Entry Compilation of Reading Reflections
EDCI 6605 Critical Studies in Multicultural Education, Spring 2010
Book 1 Nickel and Dimed by Barbara Ehrenreich
2. Were your perceptions of blue-collar Americans transformed or reinforced b
CLC: Federal Open Market Committee
+ U.S. Trade Balance - Negative
+ Inflation Data Recent and Year over Year
Future changes in Economic, Finance and Global conditions
Running Regression on Excel
Doing regression analysis on Excel is a two-step process. Complete the following:
1. Install the Analysis Tool-Pak on your PC.
2. Run the regression analysis.
The Analysis Tool-Pak is an Excel add-in. The Analysis Tool-Pak is p
Normal GDP in 2006 is 13,377.2 billion
Normal GDP in 2007 is 14,028.7 billion
7 Calculations are shown in the following table:
14028.7 - 13,377.2 = 651.5
Nominal Versus Real GDP (billions $)
percentage increase 4.8%
R = EURO/$
R = 0.76
R = 0.71
820 Decrease in Xt
30,500 Increase in Me
Part of money supply
Not part of money supply
secondary money supply
mm = 1 + 0.05/0.05 + 0.2 + 0.15
mm = 2.625
The money multiplier differs from the
simple deposit. The money multiplier is
the ratio of cash in circulation versus
total cash in th
ECN 601 - Extended Problems Data
The following sales and marketing data was accumulated by a manufacturer over the past 12 quarters.
In a regression tests some variables will
affect the demand in some cases but not
the entire demand overall. The point of
the test is to see whether or not the
variable has an effect larger than zero.
When doing this all of the other variables
will be hel
This graph shows and oligopoly market. The
bend represents potential change.
Profit maximizing output and price is where the
curve bends back at point E.
The break leaves room for MC to rise and fall.
This means a change in MC will not change the
The U.S. has historically low interest rates at present. How would you predict these would impact the
value of the dollar on foreign exchange markets? How, in turn, would these low interest rates impact our
balance of trade? Explain your answers.
Identify a type of price discrimination that you have experienced. Was it first, second, or third degree?
Explain the transaction in sufficient detail to justify your classification.
According to Farnham (2014) the example of price discrimination involvin
Public utilities are usually identified as monopolies. With whom does Arizona Public Service, the electric
utility in metro Phoenix, compete? Are they the only provider in their marketplace?
(Farnham 2014) defines a monopoly as a single firm producing a p
I think the design of the survey is more important than the sample size. A poorly designed survey will
produce inaccurate population representation in a small sample as much as in a large sample size. This is
due to factors like selection bias and if a su