Ecn 601 topic 1 Study guides, Class notes & Summaries
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![ECN 601 Topic 1 DQ 1 (Opportunity Cost) Grand Canyon](/docpics/3314874/64e8e7c15276d_3314874_121_171.jpeg)
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ECN 601 Topic 1 DQ 1 (Opportunity Cost) Grand Canyon
- Other • 2 pages • 2023
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Topic1DQ1 
Feb2-4,2023 
 
Explainwhytheconsiderationofopportunitycostsmaybeveryrelevanttoafirm.Howcanopportunitycostsaffectabusinessdecision?Useanexampletosupportyouranswer.
![ECN 601 Topic 4 Exam 1 (Multiple Choice)](/docpics/3367149/64f5a6b672520_3367149_121_171.jpeg)
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ECN 601 Topic 4 Exam 1 (Multiple Choice)
- 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 4 Exam 1 (Multiple Choice)](/docpics/3546492/651bab1b4194a_3546492_121_171.jpeg)
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ECN 601 Topic 4 Exam 1 (Multiple Choice)
- Exam (elaborations) • 17 pages • 2023
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- $29.99
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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 5 Problems Chapter 15 Chapter 16

ECN 601 Topic 5 DQ 1

ECN 601 Topic 5 DQ 2

ECN 601 Topic 5 DQ 1 plus DQ 2
![ECN 601 Topic 4 DQ 1 plus DQ 2](/docpics/3367115/64f5a58def7c8_3367115_121_171.jpeg)
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ECN 601 Topic 4 DQ 1 plus DQ 2
- Other • 4 pages • 2023
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Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday? 
 
Topic 4DQ1 
Feb23-25,2023 
 
Identifyapersonaleconomicdecisionthatwasdrivenbyabehavioralbiasratherthanbypurerationalbehavior.Givenyourunderstandingofbehavioraleconomics,howwouldyourdecisiondiffertoday?
![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
- Available in package deal
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- $39.99
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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 3 DQ 1 plus DQ 2](/docpics/3367021/64f5a33596026_3367021_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 7 DQ 1 plus DQ 2](/docpics/3373159/64f697d9a9b47_3373159_121_171.jpeg)
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ECN 601 Topic 7 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic 7DQ1 
Mar16-18,2023 
 
Giveexamplesfromyouremploymenthistorywhereyouwitnessedmoralhazardintheworkplace.Whatweretheincentivesthatgaverisetomoralhazard?Didthefirmtakestepstoeliminatemoralhazard? 
 
Topic 7DQ2 
Mar16-20,2023 
 
Beginbylocatingascholarlyarticleregardingtheeffectsofincreasesonminimumwagesanddiscussitsfindings.Doesaminimumwageincreaseleadtoreductionsinemployment,oristheoveralleffectonemploymentnetpositive?Doyouagreeordisagreewiththeresultsofthestudy?Whatdoyouthinkareothervitalco...
ECN 601 Topic 1 DQ 1 plus DQ 2
![ECN 601 Topic 8 DQ 1 plus DQ 2](/docpics/3373177/64f69a6ec5af1_3373177_121_171.jpeg)
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ECN 601 Topic 8 DQ 1 plus DQ 2
- Other • 3 pages • 2023
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Topic 8DQ1 
Mar23-25,2023 
 
GotoTheEconomistwebsiteandsearchfortheBigMacIndexforarecenttimeperiod.ComparethePurchasingPoweroftheUnitedStateswithanothercountry.Trytochooseacountrywithwhichyouarenotveryfamiliar.Whatdoesthisparitysayaboutthepotentialstandardoflivinginthecountryyouchose?Whatdoesitsayaboutthepotentialwagelevel? 
 
Topic 8DQ2 
Mar23-27,2023 
 
Overseveraldecades,someindustries,suchastextileandclothing,whichwereonceasignificantpartoftheU.S.economy,haveshiftedmanufacturingabroad.Usingt...
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