ECON100 Lecture Notes - Lecture 10: Market Basket, Xm Satellite Radio, Marginal Cost
15 Jun 2016
School
Department
Course
Professor
Document Summary
Income = consumption + investment + government expenditure + exports - Y = c + i + g + x - m. Y - c - g = i + x - m. National saving = (y - c - t) + (t - g) = i + x - m. National saving = private s + govt s = i + x - m. Cpi = basket value in current year / basket value in base year. An incentive could either be a reward or a penalty. When a farmer decides to raise hogs instead of cattle, the farmer is answering the what part of one of the 2 big economic questions. On a saturday morning, you rank your choices for activates in the following order: go to the library, work out at the gym. A lawn service is deciding whether to add an additional employee to its summer crew.
