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All Educational Materials for ECN 104 at Ryerson University

RYERSONECN 104Eric ChiFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 70 pages long!)

OC224944670 Page
29 Mar 2018
0
In the long run firms are able to enter and exit. Entry and exit if the industry is profitable , more firms enter if the industry is taking a loss firm
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RYERSONECN 104Tsogbadral GalaabaatarFall

[ECN 104] - Final Exam Guide - Everything you need to know! (47 pages long)

OC115175247 Page
30 Mar 2017
0
Scarcity: the limited nature of society"s resources. Natural resource, land and workers" time are all limited in its availability. Economics: is about
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RYERSONECN 104John IsbisterFall

[ECN 104] - Final Exam Guide - Comprehensive Notes for the exam (75 pages long!)

OC129342975 Page
1 Dec 2016
296
It is a science: there is a lot of math and predictions in the course. It is a social science/ study: it is the most scientific of the social sciences:
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RYERSONECN 104Teresa FungFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 68 pages long!)

OC207132868 Page
29 Mar 2018
0
Final: chapter 1, 2, 3, 6, 7, 8, 9, 10, 11, 12. Incentives decisions opportunity cost: opportunity cost: what potential gain is given up when an altern
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RYERSONECN 104Thomas BarbeiroFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 44 pages long!)

OC215977444 Page
30 Nov 2017
0
1. 1 ten key concepts to retain for a lifetime. The economy as a whole and the standard of living. It may be free to you, but it costs someone else som
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RYERSONECN 104Nazanin BehzadanFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 24 pages long!)

OC53748824 Page
29 Mar 2018
0
Microeconomics: the study of individual decisions and how they interact: questio(cid:374)s (cid:449)e"ll a(cid:374)s(cid:449)e(cid:396) i(cid:374) this
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RYERSONECN 104German PupatoFall

ECN 104 Study Guide - Comprehensive Final Exam Guide -

OC120903430 Page
19 Nov 2018
0
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RYERSONECN 104Xingfei LiuWinter

[ECN 104] - Final Exam Guide - Comprehensive Notes for the exam (160 pages long!)

OC507068160 Page
29 Nov 2016
43
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RYERSONECN 104Hakan ToksoySpring

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 26 pages long!)

OC101240426 Page
29 Mar 2018
0
Facing trade-offs scarcity in relation to wants means you face trade-offs, so you must make choices. Opportunity costs cost of the choice you make is w
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RYERSONECN 104hakantoksoyWinter

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 59 pages long!)

OC164352759 Page
30 Nov 2017
0
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Absolute Advantage, Comparative Advantage, Multiple Choice

OC25402945 Page
16 Oct 2018
0
A minimum of 2 marks was given if you wrote anything. In general: graphs worth 2 marks each if done correctly. 2 marks if you explained the price/deman
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Absolute Advantage, Indifference Curve, Comparative Advantage

OC25402945 Page
16 Oct 2018
0
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Comparative Advantage, Horse Length, Indifference Curve

OC25402945 Page
16 Oct 2018
0
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RYERSONECN 104AllFall

ECN 104 Midterm: ECN104 Test Bank

OC25402946 Page
16 Oct 2018
0
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Inq Mobile, Complementary Good, Independent Goods

OC25402947 Page
16 Oct 2018
0
Page 1 of 7 increase: decrease, remain unchanged, although tire prices are likely to fall. remain unchanged, although tire prices are likely to rise. r
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Inferior Good, Independent Goods, Opportunity Cost

OC25402947 Page
16 Oct 2018
0
Page 1 of 7 increase: decrease, remain unchanged, although tire prices are likely to fall. remain unchanged, although tire prices are likely to rise. r
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RYERSONECN 104AllFall

ECN 104 Study Guide - Midterm Guide: Economic Equilibrium, Demand Curve, Mira-Bhayandar Municipal Corporation

OC25402945 Page
16 Oct 2018
0
Answer all parts of questions 37 and 38. Suppose our economy has the following production possibilities: graph the ppc curve. You do not have to have a
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RYERSONECN 104AllFall

ECN 104 Study Guide - Final Guide: Aggregate Supply, Progressive Tax, Xenophobia

OC254029410 Page
16 Oct 2018
0
___: what is the opportunity cost of good y for a consumer whose budget line is given by the equation. 70 x + 40 y = 300 a. b. c. d: none of the above.
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RYERSONECN 104AllFall

ECN 104 Study Guide - Final Guide: Deadweight Loss, Ruby, Marginal Cost

OC254029438 Page
16 Oct 2018
0
Identify the choice that best completes the statement or answers the question. ___: a profit-maximizing firm in a competitive market is currently produ
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RYERSONECN 104AllFall

ECN 104 Midterm: ECN104 Test Bank

OC25402946 Page
16 Oct 2018
0
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RYERSONECN 104Nazanin BehzadanFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 24 pages long!)

OC53748824 Page
29 Mar 2018
0
Microeconomics: the study of individual decisions and how they interact: questio(cid:374)s (cid:449)e"ll a(cid:374)s(cid:449)e(cid:396) i(cid:374) this
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RYERSONECN 104Nazanin BehzadanFall

ECN 104 Study Guide - Midterm Guide: Externality, Inferior Good, Hypotenuse

OC53748821 Page
28 Feb 2018
0
Microeconomics: the study of individual decisions and how they interact: questions we"ll answer in this course include . Ppf would map out all the feas
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RYERSONECN 104T B AFall

ECN 104 Study Guide - Final Guide: Richard Thaler, Communication Problems, Planned Economy

OC53748830 Page
9 Dec 2015
490
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 10: Monopoly Price, Public Utility, Natural Monopoly

OC5374883 Page
2 Dec 2015
103
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 9: Marginal Revenue, Profit Maximization, Longrun

OC5374883 Page
25 Nov 2015
53
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 8: Average Variable Cost, Allocative Efficiency, Diminishing Returns

OC5374885 Page
18 Nov 2015
79
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 7: Mental Accounting, Budget Constraint, Demand Curve

OC5374883 Page
4 Nov 2015
41
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 6: Allocative Efficiency, Marginal Cost, Economic Equilibrium

OC5374884 Page
28 Oct 2015
80
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 5: Independent Goods, Complementary Good

OC5374882 Page
7 Oct 2015
102
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 4: Demand Curve, Price Elasticity Of Demand

OC5374882 Page
1 Oct 2015
82
Ecn 104 - lecture 4 - elasticity part 1. An increase in price causes a decrease in quantity demand and vice- versa. Elasticity gives us a measure of re
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 3: Market Price, Market Power, Complementary Good

OC5374884 Page
23 Sep 2015
68
Ecn 104 - lecture 3 - demand, supply, and market equilibrium. An institution or mechanism that brings together buyers and sellers of particular goods a
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RYERSONECN 104T B AFall

ECN104 Lecture 2: The Market System and Circular Flow

OC5374886 Page
21 Sep 2015
69
Ecn 104 - lecture 2 - the market system and circular flow. Economic system differ in two important ways. The method used to coordinate economic activit
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 1: Budget Constraint, Full Employment, Marginal Utility

OC5374883 Page
21 Sep 2015
109
Ecn 104 - lecture 1 - limits, alternatives and choice. The economy as a whole and the standard of living. Resources can only be used for one purpose at
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RYERSONECN 104Tsogbadral GalaabaatarWinter

ECN 104 Lecture Notes - Demand Curve, Absolute Advantage, Marginal Cost

OC5571339 Page
3 Mar 2013
493
Chapter 1: ten principle of economics 1/11/2013 9:55:00 am. The word economy comes from the greek work for one who manages a household . It must decide
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RYERSONECN 104Vikraman BaskaranFall

ECN 104 Lecture Notes - Bonfire, Disinfectant, Protein Bar

OC4402510 Page
3 Oct 2012
71
Pages 5-15: we get the sense that this is a post-apocalyptic world. The ignorance of the natives towards common phrases and things. He is the last huma
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RYERSONECN 104German PupatoFall

ECN104 Lecture 1: Assignment1_solutions

OC5322477 Page
14 Dec 2015
136
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 7: Mental Accounting, Budget Constraint, Demand Curve

OC5374883 Page
4 Nov 2015
41
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 1: Budget Constraint, Full Employment, Marginal Utility

OC5374883 Page
21 Sep 2015
109
Ecn 104 - lecture 1 - limits, alternatives and choice. The economy as a whole and the standard of living. Resources can only be used for one purpose at
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RYERSONECN 104Thomas BarbieroFall

ECN104 Lecture 3: ch3W

OC62107023 Page
2 Dec 2015
25
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 10: Monopoly Price, Public Utility, Natural Monopoly

OC5374883 Page
2 Dec 2015
103
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RYERSONECN 104seyedayelzidWinter

ECN 104 Lecture Notes - Normal Good, Inferior Good, Marginal Utility

OC1060206 Page
28 Mar 2013
124
Assignment 2 (each question is worth of 3. 5 points) Suppose that the price of wine she buys is equal to the price of cheese she buys. Refer to the dia
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RYERSONECN 104Tom BarbieroSummer

ECN 104 Lecture Notes - Sales Promotion, Herfindahl Index, Natural Monopoly

OC960197 Page
9 Jul 2013
27
Consider the following payoff matrix in which the numbers indicate the profit in millions of dollars for a duopoly based either on a high-price or a lo
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RYERSONECN 104T B AFall

ECN 104 Lecture Notes - Lecture 9: Marginal Revenue, Profit Maximization, Longrun

OC5374883 Page
25 Nov 2015
53
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RYERSONECN 104Frank TrimnellWinter

ECN 104 Chapter Notes -High School Dropouts, Marginal Cost, French Wine

OC9073123 Page
10 Mar 2013
48
Test bank > control panel > pool manager > pool canvas. Select a question type from the add question drop-down list and click go to add questions. Use
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RYERSONECN 104Halis YildizFall

Chapter 1 to 4

OC2740759 Page
30 Nov 2011
324
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RYERSONECN 104Frank TrimnellFall

ECN 104 Chapter Notes - Chapter 10: Demand Curve, Root Mean Square, Externals

OC5887815 Page
23 Jul 2016
8
Externality: the uncompensated impact of ones person actions on the well-being of a bystander. If the impact on the bystander is adverse, it is called
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RYERSONECN 104Emilia BarbuFall

ECN 104 Chapter Notes - Chapter 1: Budget Constraint, Marginal Cost, Marginal Utility

OC118038710 Page
10 Dec 2016
6
Whenever our wants are greater than the resources to meet those wants, we have an economic problem. It is this reality that gives economists their uniq
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RYERSONECN 104Teresa FungFall

ECN 104 Chapter Notes - Chapter 1-3, 6: Marginal Utility, Opportunity Cost, Limited Government

OC207132811 Page
14 Feb 2018
0
Chapter one: limits, alternatives, and choices: scarcity restricts options and requires us to make choices, decide what we must have and what we must g
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RYERSONECN 104Teresa FungFall

ECN 104 Chapter Notes - Chapter 7-12: Marginal Utility, Indifference Curve, Budget Constraint

OC207132822 Page
14 Feb 2018
0
Economic problem of consumers: limited income, unlimited wants, budget line provides options, consumers have different preferences of bundles on the bu
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RYERSONECN 104Hakan ToksoyFall

ECN 104 Chapter Notes - Chapter 1-15: Planned Economy, Market System, Marginal Cost

OC143809824 Page
12 Jan 2017
21
Facing trade offs scarcity in relation to wants means you face trade-offs, therefore you have to make choices. Opportunity costs cost of the choice you
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RYERSONECN 104Hakan ToksoySpring

ECN 104 Chapter Notes - Chapter 11: Marginal Revenue, Demand Curve, Natural Monopoly

OC24080643 Page
12 Mar 2018
0
A monopoly is referred as a natural monopoly if the market demand curve intersects the long run atc curve at any point where average total cost is decl
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RYERSONECN 104Hakan ToksoySpring

ECN 104 Chapter Notes - Chapter 1: Opportunity Cost, Marginal Cost, Marginal Utility

OC24080645 Page
12 Mar 2018
0
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RYERSONECN 104Hakan ToksoySpring

ECN 104 Chapter Notes - Chapter 10: Average Cost, Economic Equilibrium, Perfect Competition

OC24080643 Page
12 Mar 2018
0
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RYERSONECN 104Frank TrimnellWinter

ECN 104 Study Guide - Midterm Guide: Luxury Goods, Price Ceiling, Substitute Good

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RYERSONECN 104Nazanin BehzadanFall

ECN 104- Final Exam Guide - Comprehensive Notes for the exam ( 24 pages long!)

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RYERSONECN 104John IsbisterFall

[ECN 104] - Final Exam Guide - Comprehensive Notes for the exam (75 pages long!)

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It is a science: there is a lot of math and predictions in the course. It is a social science/ study: it is the most scientific of the social sciences:
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RYERSONECN 104AllFall

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RYERSONECN 104Mikhail GurvitsFall

ECN 104 Study Guide - Final Guide: Deadweight Loss, Monopolistic Competition, Average Variable Cost

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RYERSONECN 104Nazanin BehzadanFall

ECN 104 Study Guide - Midterm Guide: Externality, Inferior Good, Hypotenuse

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RYERSONECN 104Tsogbadral GalaabaatarFall

[ECN 104] - Final Exam Guide - Everything you need to know! (47 pages long)

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Scarcity: the limited nature of society"s resources. Natural resource, land and workers" time are all limited in its availability. Economics: is about
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RYERSONECN 104Hakan ToksoyFall

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Economics: the social science concerned with how individual, institutions, and society make optimal (best) choices under condition of scarcity. Free wi
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RYERSONECN 104Paul MissiosFall

ECN 104 Study Guide - Final Guide: Economic Equilibrium, European Cooperation In Science And Technology

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RYERSONECN 104Tsogbadral GalaabaatarFall

ECN 104 Study Guide - Midterm Guide: Perfect Competition, Ballet Shoe, Xenophobia

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