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SFUECON 103Marie RekkasFall

ECON 103- Final Exam Guide - Comprehensive Notes for the exam ( 31 pages long!)

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Factors of production: land - rent, labour - wages, capital - interest. Human capital (education/experience) and capital (machines/tools: entrepreneurs
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SFUECON 103Ryan AllenSpring

[ECON 103] - Final Exam Guide - Comprehensive Notes fot the exam (48 pages long!)

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Maximization: inclusion of this principle is what makes an argument economic. Maximization has to do with motivation, it is the sole motivator of human
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SFUECON 103Gulriz BarkinFall

ECON 103 Study Guide - Comprehensive Final Exam Guide -

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SFUECON 103Marie RekkasSpring

[ECON 103] - Final Exam Guide - Everything you need to know! (51 pages long)

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Microeconomics: (cid:894)usually e(cid:272)o(cid:374)o(cid:373)i(cid:272)s that"s (cid:374)ot o(cid:374) the (cid:374)e(cid:449)s(cid:895) Fact: we all
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SFUECON 103ALLFall

ECON 103 Study Guide - Comprehensive Final Exam Guide - Compact Cassette, Megabyte, Magnetic Resonance Imaging

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So far, we have learned that people take advantage of opportunities to make themselves better off. How do people decide what will make them better off:
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SFUECON 103Douglas AllenSpring

ECON 103- Final Exam Guide - Comprehensive Notes for the exam ( 25 pages long!)

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Maximization: the fundamental idea in economics has to do with motivation. Why do people do the things they do: this is what makes an argument economic
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SFUECON 103ALLFall

ECON 103 Study Guide - Fall 2018, Comprehensive Midterm Notes - Compact Cassette, Megabyte, Magnetic Resonance Imaging

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So far, we have learned that people take advantage of opportunities to make themselves better off. How do people decide what will make them better off:
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SFUECON 103Douglas AllenSpring

ECON 103- Midterm Exam Guide - Comprehensive Notes for the exam ( 41 pages long!)

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Economics is a way of thinking about behaviour. For targeted ads + bring people back to the store. Characteristics of economics: formality can be helpf
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SFUECON 103Marie RekkasSpring

[ECON 103] - Midterm Exam Guide - Ultimate 19 pages long Study Guide!

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Microeconomics: (cid:894)usually e(cid:272)o(cid:374)o(cid:373)i(cid:272)s that"s (cid:374)ot o(cid:374) the (cid:374)e(cid:449)s(cid:895) Fact: we all
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SFUECON 103Marie RekkasSpring

[ECON 103] - Midterm Exam Guide - Ultimate 18 pages long Study Guide!

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Labour: include mental and physical efforts, it also include human capital - wages. Capital: tools, instruments, machines and buildings to produce good
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SFUECON 103AllFall

ECON 103 Midterm: ECON103 Midterm 1 2011 Fall Solutions

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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Opportunity Cost, Ceteris Paribus, Average Cost

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Quantity: suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. If additional units of any good
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SFUECON 103AllFall

ECON 103 Final: ECON103 Final Exam Practice Solutions

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1) [5 points] here is a n easy crossword puzzle to get you started. 2 [5 points] a text book on econornic principles states the following (i"m not m ak
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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Ceteris Paribus, Margarine, Price Floor

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Mark__________/58: no electronic devices other than a non-programmable, non-graphing calculator, no sharing of calculators. Please indicate your answer
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SFUECON 103AllFall

ECON 103 Study Guide - Final Guide: Microeconomics, Nash Equilibrium, Marginal Revenue

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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Comparative Advantage, W. M. Keck Observatory, At4

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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Arc Elasticity, Variable Cost, Fixed Cost

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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Antarctic Muon And Neutrino Detector Array, Root Mean Square, Marginal Cost

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Instructions: you have 1 hour 30 minutes to complete the exam. Write all your answers in the space provided; any work outside the space provided will b
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SFUECON 103AllFall

ECON 103 Final: ECON103 Final Exam 2011 Fall Solutions

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SFUECON 103AllFall

ECON 103 Midterm: ECON103_Midterm_Practice

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If you leave an answer completely blank you will automatically get 1. 5 points. If you provide an incorrect answer, of course, you will get zero. Part
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SFUECON 103Junjie LiuFall

ECON 103 Lecture Notes - Lecture 5: Economic Surplus, Economic Equilibrium

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sh: amy has a demand function for apples given by q = 200 20p, graph and calculate her mwtp (or mb) and twtp (or tb) at a quantity of 60 apples. Twtp =
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SFUECON 103Ryan AllenSpring

ECON 103 Lecture Notes - Lecture 1: Time Preference, Marginal Product, Opportunity Cost

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SFUECON 103Junjie LiuFall

ECON 103 Lecture Notes - Lecture 8: Marginal Cost, Marginal Revenue, Economic Surplus

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The first problem is that marginal cost pricing will result in negative profits. The second problem of marginal cost pricing is that it gives the monop
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SFUECON 103Douglas AllenSpring

ECON 103 Lecture Notes - Lecture 6: Vanity Plate, Clayoquot Sound, Bookmobile

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More on demand: let"s consider the demand for a good x in its functional form. Exx = -1 means elasticity is unit elastic. Many often drop the minus sig
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SFUECON 103Ryan AllenSpring

ECON 103 Lecture Notes - Lecture 4: Money Illusion

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January 17, 2014 lecture # 4 diminishing marginal value. Thus, the number of real utility that can be purchased does not change: no unique measure of r
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SFUECON 103ALLFall

ECON 103 Lecture Notes - Lecture 4: Mental Accounting, Sunk Costs, Norm (Social)

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You have bought a nonrefundable ticket for a lacrosse game. You know that going to the lacrosse game will give you a benefit equal to . After you have
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SFUECON 103Ryan AllenSpring

ECON 103 Lecture 3: Chapter 3 Key Points

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SFUECON 103Ryan AllenSpring

ECON 103 Lecture Notes - Lecture 2: Chlordiazepoxide

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SFUECON 103Douglas AllenSpring

ECON 103 Lecture Notes - Lecture 2: Pearly Gates, Smallpox

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Maximization: the fundamental idea in economics has to do with motivation. Why do people do the things they do: this is what makes an argument economic
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SFUECON 103Marie RekkasFall

ECON 103 Lecture Notes - Lecture 1: Human Capital, Root Mean Square, Information Revolution

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Macro is becoming more micro based but still is more about the big picture. It is all about making choices under scarcity. Incentive: reward that encou
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SFUECON 103Ryan AllenSpring

ECON103 Problem Set 2.pdf

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They might also quit their current jobs and find part time jobs that they do not report their income to. If single parents are defined as poor by the g
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SFUECON 103Ryan AllenSpring

ECON103 Problem Set 1.pdf

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It is not necessarily true that dundee must have been a great trainer. Dundee has the ability to see potential in people and merchandize, in this case,
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SFUECON 103Ryan AllenFall

ECON 103 Chapter Notes - Chapter 1-6: Real Income, North American Free Trade Agreement, Variety Store

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Economics is a particular way of thinking about behavior. They are unable to predict the future, they can speculate but they aren"t prophets. All indiv
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SFUECON 103Ryan AllenFall

ECON 103 Chapter Notes - Chapter 1-6: Inferior Good, Opportunity Cost, Money Supply

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Economics is a particular way of thinking about behavior. They are unable to predict the future, they can speculate but they aren"t prophets. All indiv
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SFUECON 103Ryan AllenSpring

ECON103 Problem Set 3.pdf

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SFUECON 103Ryan AllenSpring

ECON 103 Chapter Notes -Marginal Cost, Variable Cost

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The statement is wrong because it does not consider the capital inputs of the firm. Assuming that the workers all have the same skills, the twelfth wor
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SFUECON 103Douglas AllenFall

ECON 103 Chapter Notes - Chapter 7: Sunk Costs, Historical Cost, Opportunity Cost

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7. 1. 2 opportunity cost - value of the next best alternative is independent of historical cost. 7. 1. 3 opportunity cost always refers to an action. 7
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SFUECON 103Ryan AllenSpring

ECON 103 Chapter Notes -Sunk Costs, Comparative Advantage, Opportunity Cost

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SFUECON 103Ryan AllenSpring

ECON103 Problem Set 4.pdf

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The statement that trade occurs when two people value different goods equally. If the rent control law in the area is loose, then it is more likely tha
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SFUECON 103Ryan AllenSpring

ECON103 Problem Set 9.pdf

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This would cause more firms to hire workers at minimum wage, and creating unemployment in levels of employment where wages are at a higher rate than mi
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Your classmates’ favorite documents.
SFUECON 103Junjie LiuFall

ECON 103 Lecture Notes - Lecture 5: Economic Surplus, Economic Equilibrium

OC6235285 Page
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sh: amy has a demand function for apples given by q = 200 20p, graph and calculate her mwtp (or mb) and twtp (or tb) at a quantity of 60 apples. Twtp =
View Document
SFUECON 103Douglas AllenSpring

ECON 103- Midterm Exam Guide - Comprehensive Notes for the exam ( 41 pages long!)

OC110417441 Page
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Economics is a way of thinking about behaviour. For targeted ads + bring people back to the store. Characteristics of economics: formality can be helpf
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SFUECON 103Douglas AllenSpring

ECON 103 Study Guide - Final Guide: Deadweight Loss, Sunk Costs, Economic Surplus

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Competitive market means: all firms = price takers // flat demand curve (0 or demand, ignores rivals, no st(cid:396)ateg(cid:455) (cid:894)do(cid:374)"
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SFUECON 103Douglas AllenSpring

ECON 103 Study Guide - Midterm Guide: Arc Elasticity, Pareto Efficiency, Economic Surplus

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Economics is a way of thinking about behaviour. For targeted ads + bring people back to the store. Characteristics of economics: formality can be helpf
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SFUECON 103Marie RekkasSpring

[ECON 103] - Midterm Exam Guide - Ultimate 18 pages long Study Guide!

OC125333518 Page
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Labour: include mental and physical efforts, it also include human capital - wages. Capital: tools, instruments, machines and buildings to produce good
View Document
SFUECON 103Ryan AllenSpring

[ECON 103] - Final Exam Guide - Comprehensive Notes fot the exam (48 pages long!)

OC51085048 Page
0
Maximization: inclusion of this principle is what makes an argument economic. Maximization has to do with motivation, it is the sole motivator of human
View Document
SFUECON 103Marie RekkasSpring

[ECON 103] - Final Exam Guide - Everything you need to know! (51 pages long)

OC116949751 Page
0
Microeconomics: (cid:894)usually e(cid:272)o(cid:374)o(cid:373)i(cid:272)s that"s (cid:374)ot o(cid:374) the (cid:374)e(cid:449)s(cid:895) Fact: we all
View Document
SFUECON 103Douglas AllenSpring

ECON 103- Final Exam Guide - Comprehensive Notes for the exam ( 25 pages long!)

OC236854825 Page
0
Maximization: the fundamental idea in economics has to do with motivation. Why do people do the things they do: this is what makes an argument economic
View Document
SFUECON 103Marie RekkasFall

ECON 103- Final Exam Guide - Comprehensive Notes for the exam ( 31 pages long!)

OC223251931 Page
0
Factors of production: land - rent, labour - wages, capital - interest. Human capital (education/experience) and capital (machines/tools: entrepreneurs
View Document
SFUECON 103Ryan AllenSpring

ECON103 Problem Set 2.pdf

OC1374282 Page
60
They might also quit their current jobs and find part time jobs that they do not report their income to. If single parents are defined as poor by the g
View Document

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SFUECON 103ALLFall

ECON 103 Study Guide - Comprehensive Final Exam Guide - Compact Cassette, Megabyte, Magnetic Resonance Imaging

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So far, we have learned that people take advantage of opportunities to make themselves better off. How do people decide what will make them better off:
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SFUECON 103Gulriz BarkinFall

ECON 103 Study Guide - Comprehensive Final Exam Guide -

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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Comparative Advantage, W. M. Keck Observatory, At4

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SFUECON 103AllFall

ECON 103 Midterm: ECON103 Midterm 2A 2013 Spring Solutions

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ECON 103 Study Guide - Midterm Guide: Marginal Product, Demand Curve, Historical Cost

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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: W. M. Keck Observatory, Market Price, Marginal Product

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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Marginal Revenue, Marginal Product, Perfect Competition

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Instructions: you have 2 hours to complete the exam. Write all your answers in the space provided; any work outside the space provided will be given ze
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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Arc Elasticity, Variable Cost, Fixed Cost

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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Antarctic Muon And Neutrino Detector Array, Root Mean Square, Marginal Cost

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Instructions: you have 1 hour 30 minutes to complete the exam. Write all your answers in the space provided; any work outside the space provided will b
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SFUECON 103AllFall

ECON 103 Study Guide - Midterm Guide: Ceteris Paribus, Margarine, Price Floor

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Mark__________/58: no electronic devices other than a non-programmable, non-graphing calculator, no sharing of calculators. Please indicate your answer
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