Ecn601 topic 1 Study guides, Class notes & Summaries
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![ECN 601 Topic 1 DQ 1](/docpics/3546042/651b821706d3b_3546042_121_171.jpeg)
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ECN 601 Topic 1 DQ 1
- Other • 2 pages • 2023
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Topic1DQ1 
Feb2-4,2023 
 
Explainwhytheconsiderationofopportunitycostsmaybeveryrelevanttoafirm.Howcanopportunitycostsaffectabusinessdecision?Useanexampletosupportyouranswer
![ECN 601 Topic 1 DQ 2](/docpics/3546052/651b830391559_3546052_121_171.jpeg)
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ECN 601 Topic 1 DQ 2
- Other • 2 pages • 2023
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Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
![ECN 601 Topic 2 DQ 1](/docpics/3546129/651b877b24486_3546129_121_171.jpeg)
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ECN 601 Topic 2 DQ 1
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Topic 2DQ1 
Feb9-11,2023 
Explainasituationyouhaveobserved(orreadabout)inwhichafirmmadeadecisionconsideringirrelevantcostsordidnotconsiderrelevantcosts.Whatwastheoutcomeofthedecision,andwhatcouldhavebeendonedifferently?
![ECN 601 Topic 3 DQ 1 plus DQ 2](/docpics/3546167/651b8962b89f5_3546167_121_171.jpeg)
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ECN 601 Topic 3 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic3DQ1 
Feb16-18, 2023 
 
Whatmarketstructurebestdescribestheenvironment withinwhichyourorganizationoperates?What challenges and opportunities would arise from higher and lower degrees of governmentintervention? Provide arationaleto supportyour selected marketstructure. 
 
Topic3DQ2 
Feb16-20, 2023 
 
How do firms contribute to the efficiency of the market economy in ways that networks ofindependentcontractorsdonot?Useyourorganization, oronewithwhichyouarefamiliar, toillustrate your response.
![ECN 601 Topic 4 Exam 1 (Multiple Choice) Grand Canyon](/docpics/3315480/64e91388993c5_3315480_121_171.jpeg)
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ECN 601 Topic 4 Exam 1 (Multiple Choice) Grand Canyon
- Exam (elaborations) • 17 pages • 2023
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1.	Question:Theopportunity cost ofanactionis: 
2.	Question:Priceceilingscause: 
3.	Question:Acompanyinvested$400,000inatechnologythatreducedtheoverallcostsof production by reducing their cost per unit from $2 to $1.85. Later, amanagerhasanopportunitytooutsourceproductiontoanothercompanyatacostperunitof$1.75.Ifyouare themanager,you: 
4.	Question:Anincreaseinthepriceofacomplementshiftsthedemandcurvetothe: 
5.	Question:Afirmsells1,000unitsperweek.Itcharges$15perunit,theaveragevariablecostsare$10,an...
![ECN 601 Topic 1 DQ 1 plus DQ 2](/docpics/3541383/651aacd75de09_3541383_121_171.jpeg)
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ECN 601 Topic 1 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic1:FoundationsofEconomics-SupplyandDemand 
 
Topic1DQ1 
Feb2-4,2023 
 
Explainwhytheconsiderationofopportunitycostsmaybeveryrelevanttoafirm.Howcanopportunitycostsaffectabusinessdecision?Useanexampletosupportyouranswer. 
 
Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
![ECN 601 Topic 1 DQ 2](/docpics/3362407/64f4651b6eeff_3362407_121_171.jpeg)
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ECN 601 Topic 1 DQ 2
- Other • 2 pages • 2023
- Available in package deal
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- $17.99
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Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
![ECN 601 Topic 1 DQ 2](/docpics/3362408/64f4651e08288_3362408_121_171.jpeg)
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ECN 601 Topic 1 DQ 2
- Other • 2 pages • 2023
- Available in package deal
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- $17.99
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Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
![ECN 601 Topic 4 DQ 1 plus DQ 2 Grand Canyon](/docpics/3315487/64e9152ce89fc_3315487_121_171.jpeg)
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ECN 601 Topic 4 DQ 1 plus DQ 2 Grand Canyon
- Other • 4 pages • 2023
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- $23.99
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Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday? 
 
 
Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
![ECN 601 Topic 1 DQ 1 plus DQ 2 Grand Canyon](/docpics/3314864/64e8e77dbd866_3314864_121_171.jpeg)
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ECN 601 Topic 1 DQ 1 plus DQ 2 Grand Canyon
- Other • 3 pages • 2023
- Available in package deal
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- $24.99
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Topic1DQ1 
Feb2-4,2023 
 
Explainwhytheconsiderationofopportunitycostsmaybeveryrelevanttoafirm.Howcanopportunitycostsaffectabusinessdecision?Useanexampletosupportyouranswer. 
 
Topic1DQ2 
Feb2-6, 2023 
 
Thinkaboutagoodorserviceforwhichyoubelievetherehasbeenashiftindemandorsupply.Explainthereasonsbehind theshiftand howthat hasinfluencedtheequilibrium price.
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