Micro economics - Samenvattingen, Notities en Examens

BUS 302L: Micro Economics Questions and Answers | Latest Update | 2024/2025 | Already Passed **When scarcity is a factor, what does every economic decision involve?** Choices: - A balancing act - A compromise - A trade-off - A win-win situation Answer: A trade-off. **If Ryan spends an hour studying instead of going for a bike ride, what represents the opportunity cost to him?** Choices: - The time spent on studying - The enjoyment and exercise he would have received fro...

f the price elasticity of demand for CSUN sweatshirts is 1.5, then - Answer an increase in price will cause total consumer expenditures on CSUN sweatshirts to fall Economic profit is equal to - Answer total revenue minus the opportunity cost of producing goods and services. Your friend is thinking of opening a video store. She estimates it would cost $500,000 a year to rent the store and buy video stock. She is planning to quit her $50,000 a year job as an accountant to run the store. Her ...

Which of the following would not be a negative production externality associated with tire production? - Answer the rubber used to make tires could be used to make something else Your friend is thinking of opening a video store. She estimates it would cost $500,000 a year to rent the store and buy video stock. She is planning to quit her $50,000 a year job as an accountant to run the store. If there are no other costs of operation and the store's revenue is $530,000, the accounting profit...

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!! Slaag met behulp van deze samenvatting van de 1ste keer op je examen (17/20) !! Dit is een samenvatting van het vak Micro-economics dat aan de Uhasselt wordt gegeven in 2de bachlor Handelswetenschappen. De samenvatting is in het Nederlands met hier en daar wat belangrijke begrippen in het Engels. Dit is een samenvatting van zowel de ppt's, notities uit elke les en het handboek dat wordt gebruikt. Voor het studeren van de theorie heb je alles nodig wat in deze samenvatting staat.

Because of scarcity, every economic decision involves - a trade-off. Ryan spends an hour studying instead of going for a bike ride. Assume studying and bike riding were Ryan's only options for that hour. The opportunity cost to him of studying is: - the enjoyment and exercise he would have received from bike riding. The gains from trade are: - a result of more efficient resource allocation. Which of the following would not tend to lower the price of VCRs? - increasing price of pay-per-...