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All Educational Materials for AGR 110 at Illinois State University (ISU)

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ISUPOL 140AllFall

Quiz 1

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ISUPHI 150AllFall

Quiz 6

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ISUPHI 150AllFall

Quiz 6

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ISUCHE 230AllFall

Exam 3

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ISUPHY 311AllFall

Mid-Term

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ISUMAT 247AllFall

Exam 3

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ISUPHY 207AllFall

Exam 3

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ISUPHY 105AllSpring

Exam 3

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ISUHIS 111AllFall

Exam 2

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ISUPHY 105AllSpring

Exam 1

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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 12: Comparative Advantage, Opportunity Cost, North American Free Trade Agreement

OC15174692 Page
2 May 2017
0
Free trade carries many of the same implications as perfect competition: it is a hard-to-reach objective that can make many individuals better off. Eco
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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter 2: Chapter 2 Vocabulary

OC15174692 Page
27 Mar 2017
0
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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 8: Engel Curve, Ceteris Paribus, Average Variable Cost

OC15174692 Page
31 Jan 2017
2
Chapter 8 vocabulary (8. 1, 8. 3, 8. 4, 8. 5, 8. 7, 8. 8) Supply the relationship between the price of a good and the amount of a good available at a g
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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 13: Pigovian Tax, Ronald Coase, Aquifer

OC15174692 Page
2 May 2017
0
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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 8, 9: Economic Equilibrium, Demand Curve

OC15174692 Page
27 Feb 2017
6
Elasticity a measure of the responsiveness of one variable to a small change in another variable. Elasticity = the percentage change in one economic va
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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 11: Market Power, Demand Curve, Oligopoly

OC15174692 Page
17 Apr 2017
0
The ability to affect the price of output. A firm with market power faces a downward-sloping demand curve. The organization of an industry, typically d
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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 7: Marginal Utility, Indifference Curve, Budget Constraint

OC15174692 Page
23 Mar 2017
0
Individuals do the best that they can, given the constraints they face: rational behavior is purposeful and consistent. Utility: satisfaction derived f
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 9: Statics, Economic Equilibrium

OC15174692 Page
7 Feb 2017
2
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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 1: Mental Accounting, Status Quo Bias, Sunk Costs

OC15174692 Page
31 Jan 2017
2
Explicit cost - a cost that requires an outlay of money. Implicit cost - the value, in dollar terms, of the benefits that are forgone. Economic profit
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 4: Market Failure, Economic Surplus

OC15174692 Page
13 Feb 2017
0
Willingness to pay: the maximum price at which a potential buyer would buy a good. Individual consumer surplus: the net gain a buyer achieves from the
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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 12: Comparative Advantage, Opportunity Cost, North American Free Trade Agreement

OC15174692 Page
2 May 2017
0
Free trade carries many of the same implications as perfect competition: it is a hard-to-reach objective that can make many individuals better off. Eco
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter 2: Chapter 2 Vocabulary

OC15174692 Page
27 Mar 2017
0
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 8: Engel Curve, Ceteris Paribus, Average Variable Cost

OC15174692 Page
31 Jan 2017
2
Chapter 8 vocabulary (8. 1, 8. 3, 8. 4, 8. 5, 8. 7, 8. 8) Supply the relationship between the price of a good and the amount of a good available at a g
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 13: Pigovian Tax, Ronald Coase, Aquifer

OC15174692 Page
2 May 2017
0
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 8, 9: Economic Equilibrium, Demand Curve

OC15174692 Page
27 Feb 2017
6
Elasticity a measure of the responsiveness of one variable to a small change in another variable. Elasticity = the percentage change in one economic va
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 11: Market Power, Demand Curve, Oligopoly

OC15174692 Page
17 Apr 2017
0
The ability to affect the price of output. A firm with market power faces a downward-sloping demand curve. The organization of an industry, typically d
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 7: Marginal Utility, Indifference Curve, Budget Constraint

OC15174692 Page
23 Mar 2017
0
Individuals do the best that they can, given the constraints they face: rational behavior is purposeful and consistent. Utility: satisfaction derived f
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 9: Statics, Economic Equilibrium

OC15174692 Page
7 Feb 2017
2
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 1: Mental Accounting, Status Quo Bias, Sunk Costs

OC15174692 Page
31 Jan 2017
2
Explicit cost - a cost that requires an outlay of money. Implicit cost - the value, in dollar terms, of the benefits that are forgone. Economic profit
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 4: Market Failure, Economic Surplus

OC15174692 Page
13 Feb 2017
0
Willingness to pay: the maximum price at which a potential buyer would buy a good. Individual consumer surplus: the net gain a buyer achieves from the
View Document

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ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 13: Pigovian Tax, Ronald Coase, Aquifer

OC15174692 Page
2 May 2017
0
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 12: Comparative Advantage, Opportunity Cost, North American Free Trade Agreement

OC15174692 Page
2 May 2017
0
Free trade carries many of the same implications as perfect competition: it is a hard-to-reach objective that can make many individuals better off. Eco
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 11: Market Power, Demand Curve, Oligopoly

OC15174692 Page
17 Apr 2017
0
The ability to affect the price of output. A firm with market power faces a downward-sloping demand curve. The organization of an industry, typically d
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter 2: Chapter 2 Vocabulary

OC15174692 Page
27 Mar 2017
0
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 7: Marginal Utility, Indifference Curve, Budget Constraint

OC15174692 Page
23 Mar 2017
0
Individuals do the best that they can, given the constraints they face: rational behavior is purposeful and consistent. Utility: satisfaction derived f
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 8, 9: Economic Equilibrium, Demand Curve

OC15174692 Page
27 Feb 2017
6
Elasticity a measure of the responsiveness of one variable to a small change in another variable. Elasticity = the percentage change in one economic va
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 4: Market Failure, Economic Surplus

OC15174692 Page
13 Feb 2017
0
Willingness to pay: the maximum price at which a potential buyer would buy a good. Individual consumer surplus: the net gain a buyer achieves from the
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 9: Statics, Economic Equilibrium

OC15174692 Page
7 Feb 2017
2
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 8: Engel Curve, Ceteris Paribus, Average Variable Cost

OC15174692 Page
31 Jan 2017
2
Chapter 8 vocabulary (8. 1, 8. 3, 8. 4, 8. 5, 8. 7, 8. 8) Supply the relationship between the price of a good and the amount of a good available at a g
View Document
ISUAGR 110Michelle KiblerSpring

AGR 110 Chapter Notes - Chapter 1: Mental Accounting, Status Quo Bias, Sunk Costs

OC15174692 Page
31 Jan 2017
2
Explicit cost - a cost that requires an outlay of money. Implicit cost - the value, in dollar terms, of the benefits that are forgone. Economic profit
View Document

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