Money serves as a medium of exchange in order to make the payment to sellers of goods or
services in todays economy. Moneys function is also being a unit of account and a store of
wealth. Money, being a unit of account, allows to measure the value of the
MODULE 2: Law of Comparative Advantage for Individuals and Nations
Being the Best
Someone who is the best at something is said to have an absolute advantage in it. However, just because
you are the best at something, does this mean you should be doing it?
ECO 110HA Week 1 Whiteboard Chat Session
Welcome to the week 1 Chat Session for ECO 110HA.
I hope you can see what Im typing. If not, please indicate that in the
personal chat area towards the bottom of the page.
What I plan to do today is the following:
Is It Worth It?
NBA superstar, LeBron James, quickly gained popularity playing high school basketball in his hometown
of Akron, Ohio. Upon graduation, he was selected in the 2003 Draft Pick by the Cleveland Cavaliers.
Despite college scholarship
Dr. Spyridon G. Patton
February 19, 2017
Price Discrimination is the selling of a product at different prices. When a customer uses
a coupon or rebate, they are using price discrimination. I often use
a) Are there times where you feel it is still appropriate to Buy American?
I feel it appropriate to buy American made cars because they are cheaper. It would be highly irrational
for me to buy a non- American/ foreign car considering its costly payments a
Effect on equilibrium price and quantity given the shift factor
Professor: N. Bergan
Saint Leo University
How do we distinguish when to buy and not and what advantage you may have? Michael Jordan
launched a sneaker lin
Professor R. Dallin
February 21, 2016
Price Discrimination by Redeeming Coupons and Rebates
Firms should be in the business of providing a product or service for their consumers who
will usually become pleased repeat customers,
Yesterday, my best friend and I went to the International Plaza in Tampa after a long day at
the beach. As we decided to come back, the first thing that happened to us was traffic on the
highway. In the US, roads are non-excludable and also non-rival, as
Last week, I saw a shortage for tennis strings at the Tennis Warehouse online shop. I decided
to buy a set because the string in my tennis racket just broke, and I needed a new one in
order to play. Unfortunately, in the actual Tennis Warehouse mall store
Module 3: Laws of Supply and Demand/Rational Choice
How Much for a Cup of Coffee?
Supply and demand analysis can help us understand much of what goes on in the markets we participate
in. Take our morning cup of Joe for example. Many factors contribute to