Intro to microecon - Study guides, Class notes & Summaries

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Intro to Microeconomics - Final Exam Question and answers already passed 2023 The three elements of a game are: a. the firm, the consumers, and the profit. b. the players, the strategies, and the payoffs. c. the model, the graph, and the costs. d. the costs, the revenue, and the profit. - correct answer b. the players, the strategies, and the payoffs. Consider the accompanying payoff matrix. What is player A's dominant strategy? a. Up b. Down c. Left d. Right - correct ans...

Intro to Microeconomics Exam 1-Questions and Answers Graded A+ Microeconomics - ANSWER-Individual, Businesses and the role of Government in decision making Opportunity Cost - ANSWER-the most desirable alternative given up as the result of a decision; moving along PPF line - Increase opportunity cost = steeper line Marginal Analysis - ANSWER-Comparing Benefits and Costs Optimization - ANSWER-making the best feasible choice possible with given information Equilibrium - ANSWER-when ...

These study notes include detailed information for each chapter in the "Microeconomics, Christopher Ragan, 16th Canadian Edition. Pearson" textbook. I used these notes to gain an A+ for the course.

This document entails all the necessary information and formulas needed to ace the EC101 final exam. Make sure to memorize all the formulas and look at example problems provided in the study guide. Once fully worked through, this document can ensure a perfect score on the exam.

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Intro to Microeconomics questions & answers.