ECO 561 MART T Something Great--eco561mart.com

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ECO 561 MART T Something Great--eco561mart.com
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ECO 561 MART T Something Great--eco561mart.com
ECO 561 Week 1 Discussion Decision Making and
Buyer Behavior   FOR MORE CLASSES
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Discussion Decision Making and Buyer Behavior
Post a total of 3 substantive responses over 2
separate days for full participation. This
includes your initial post and 2 replies to other
students. Due Monday Respond to the following in
a minimum of 175 words People may make bad
decisions because they fail to compare the
relevant costs and benefits. Do you agree?
Provide an example of when you made a bad
decision, and an example of when you made a good
decision.
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ECO 561 MART T Something Great--eco561mart.com
ECO 561 Week 2 Discussion Competition and the
Invisible Hand   FOR MORE CLASSES
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Discussion Competition and the Invisible Hand
Post a total of 3 substantive responses over 2
separate days for full participation. This
includes your initial post and 2 replies to other
students. Due Thursday Respond to the following
in a minimum of 175 words Read the following
statement and discuss if you agree or disagree,
and your rationale If the demand of illegal
drugs is inelastic, increased arrests of
illegal-drug sellers will increase total
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ECO 561 MART T Something Great--eco561mart.com
ECO 561 Week 3 Discussion Explaining the
Imperfections   FOR MORE CLASSES
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Discussion Explaining the Imperfections Post a
total of 3 substantive responses over 2 separate
days for full participation. This includes your
initial post and 2 replies to other students. Due
Thursday Respond to the following in a minimum of
175 words Explain why monopoly sellers usually
offer
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ECO 561 MART T Something Great--eco561mart.com
ECO 561 Week 4 Discussion Income Distribution and
Labor Markets   FOR MORE CLASSES
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Discussion Income Distribution and Labor Markets
Post a total of 3 substantive responses over 2
separate days for full participation. This
includes your initial post and 2 replies to other
students. Due Thursday Respond to the following
in a minimum of 175 words Discuss at least two
self-interested reasons that a top earner might
favor policies to redistribute income. Discuss
why the supply curve of labor for any specific
occupation
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ECO 561 MART T Something Great--eco561mart.com
ECO 561 Week 5 Discussion Money Multiplier   FOR
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Week 5 Discussion Money Multiplier Post a total
of 3 substantive responses over 2 separate days
for full participation. This includes your
initial post and 2 replies to other students. Due
Thursday Watch the Money Multiplier Money
Multiplier Transcript Respond to the following in
a minimum of 175 words
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ECO 561 MART T Something Great--eco561mart.com
ECO 561 Week 5 Discussion Open Economy
Activities   FOR MORE CLASSES VISIT www.eco561mart
.com ECO 561 Week 5 Discussion Open Economy
Activities Post a total of 3 substantive
responses over 2 separate days for full
participation. This includes your initial post
and 2 replies to other students. Due Thursday One
standard that corporations use to evaluate their
performance against their competitors
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ECO 561 MART T Something Great--eco561mart.com
ECO 561 Week 6 Discussion Economic Growth and
Capital Flow   FOR MORE CLASSES
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Discussion Economic Growth and Capital Flow Post
a total of 3 substantive responses over 2
separate days for full participation. This
includes your initial post and 2 replies to other
students. Due Thursday Respond to the following
in a minimum of 175 words Discuss the
following statement from
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ECO 561 Week 6 Discussion System Dynamics   FOR
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Week 6 Discussion System Dynamics Post a total of
3 substantive responses over 2 separate days for
full participation. This includes your initial
post and 2 replies to other students. Due
Thursday Watch System Dynamics from the
University Library. Respond to the following in a
minimum of 175 words
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ECO 561T Apply Week 1 Assignment   FOR MORE
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Week 1 Assignment 1) For the fall semester, you
had to pay a nonrefundable fee of 600 for your
meal plan, which gives you up to 150 meals. If
you eat 100 meals, your average cost for a meal
is 2) Refer to the accompanying table below. The
marginal cost of the 4th unit of activity is 3)
Refer to the accompanying table below. The
average cost of 5 units of activity is 4)
Suppose the most you would be willing to pay for
a plane ticket home is 250. If you buy
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ECO 561T Apply Week 2 Assignment   FOR MORE
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Week 2 Assignment 1) If the price elasticity of
demand for pineapples is 0.75, then a 4 percent
increase in the price of pineapples will lead to
a 2) Suppose the company that owns the vending
machines on your campus has doubled the price of
a can of soda. They then notice that they are
selling
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ECO 561T Apply Week 3 Assignment   FOR MORE
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Week 3 Assignment 1) The essential feature that
differentiates imperfectly competitive firms from
perfectly competitive firms is that an
imperfectly competitive firm 2) If a firm faces
a downward-sloping demand curve, then 3) Given
the demand curve it faces, if an imperfectly
competitive firm wants to sell another unit of
output, it must 4) To sell an extra unit of
output, a perfectly competitive firm ______, and
an imperfectly competitive firm
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ECO 561T Apply Week 4 Assignment   FOR MORE
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Week 4 Assignment 1) The optimal amount of
information to acquire before making a purchase
is 2) This graph illustrates the marginal costs
and marginal benefits of acquiring information
before making a major purchase. Suppose the
marginal cost and marginal benefit curves were
MC0 and MB0 several decades ago. However, because
information about this product is now available
online, the 3) The free-rider problem occurs
when 4) Pat goes to the local electronics store
to learn about high-end audio equipment. The
salesperson spends an hour talking with Pat and
demonstrating equipment. Pat then
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ECO 561T Apply Week 5 Assignment   FOR MORE
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Week 5 Assignment 1) The following graph is the
production possibility curve for a three-person
economy, with workers Janna, Drew, and Karl. The
slope of the PPC between points X and Y is
determined by _____ opportunity cost. 2) Sheila
and Jim live in an island where they are the only
two workers. Sheila can either catch 10 fish or
gather 40 pounds of berries each day, and Jim can
either catch 8 fish or gather 24 pounds of
berries each day. Both of them
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ECO 561 MART T Something Great--eco561mart.com
ECO 561T Apply Week 5 Think Like an
Economist   FOR MORE CLASSES VISIT www.eco561mart.
com Apply Think Like an Economist Assignment
Instructions The accompanying table shows how
total donations, average donations, total labor
costs and average labor costs vary depending on
the number of employees State U hires for its
fundraising activities. Complete the following
Calculate the total value
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ECO 561T Apply Week 6 Assignment   FOR MORE
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Week 6 Assignment 1) Average labor productivity
times the proportion of the population employed
equals 2) A nation's standard of
living, as measured by real GDP per person,
increases 3) If average labor productivity
increases, real GDP per person 4) Suppose that
average
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ECO 561T Entire Course   FOR MORE CLASSES
VISIT www.eco561mart.com ECO 561 Week 1
Discussion Decision Making and Buyer Behavior
ECO 561 Week 2 Discussion Competition and the
Invisible Hand ECO 561 Week 3 Discussion
Explaining the Imperfections ECO 561 Week 4
Discussion Income Distribution and Labor
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ECO 561T Week 1 Video Question   FOR MORE CLASSES
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Question 1)The table below shows your total
benefit measured in dollars from drinking
different amounts of coffee each day.whats your
marginal benefit from a second cup of coffee?
Number of cups of coffee per day Total benefit
per day(in dollars) 0 0 1 5 2 9 3 12 4 14 5 15
2)The table below shows your total benefit
measured in dollars from drinking different
amounts of coffee each day.If each cup of coffee
costs you 2.50,then how many
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ECO 561T Week 2 Practice Knowledge Check   FOR
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Week 2 Practice Knowledge Check 1)If the price of
textbooks increases by one percent and the
quantity demanded falls by one-half percent, then
the price elasticity of demand is equal to 2)If
20 percent increase in the price of a good leads
to a 60 percent decrease in the quantity
demanded, then what is the price elasticity of
demand? 3)When the price of NBA tickets is 25
each, 30,000 tickets are sold. After the price
rises to 30 each, 20,000 tickets are sold.
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ECO 561T Week 3 Practice Knowledge Check   FOR
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Week 3 Practice Knowledge Check 1)If people use
the representative heuristic they assume that
something is ___ likely to belong to a category
the more it shares characteristics thought to be
representative of membership in that category
2)The ______ heuristic is the rule of thumb that
estimates the frequency of an event by the ease
with which it is possible to summon examples from
memory 3)In traditional economic models the
decision-maker often
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ECO 561 MART T Something Great--eco561mart.com
ECO 561T Week 5 Practice Knowledge Check   FOR
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Week 5 Practice Knowledge Check 1)An economy has
two workers, Paula and Ricardo. Every day they
work, Paula can produce 4 computers or 16 shirts,
and Ricardo can produce 6 computers or 12 shirts.
What is the opportunity cost for Ricardo to
produce one computer? 2)An economy has two
workers,
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ECO 561 MART T Something Great--eco561mart.com
ECO 561T Week 6 Practice Knowledge Check   FOR
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Week 6 Practice Knowledge Check 1)How is real
output per person calculated? 2)Y/POPY/N xN/POP
is an 3)The most important factor for long run
economic growth is 4)If the share of the
population employed is unchanged and real output
per person increases by 20 percent,then it means
that 5)In the last 50years,the share of
population employed in the U.S. has increased
because 6)If Y/N equals 3,000/person and N/Pop
equals 0.9,then real output per
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