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Class Notes for Jeannie Gillmore

WESTERNECON 1021A/BJeannie GillmoreFall

Economics 1021A/B Lecture Notes - European Route E6, Economic Equilibrium, Marginal Product

OC8241821 Page
8 Dec 2012
63
London canada: rivers economics 1021b-001 march 18, 2012. In order to get credit for a question, you must record the correct answer on your. No credit
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WESTERNECON 1021A/BJeannie GillmoreFall

Economics 1021A/B Lecture Notes - Human Capital, Opportunity Cost, Marginal Utility

OC541042 Page
11 Sep 2012
2
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WESTERNECON 1021A/BJeannie GillmoreSummer

Chapter 3 Notes.docx

OC666465 Page
13 Nov 2012
13
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WESTERNECON 1021A/BJeannie GillmoreWinter

Economics 1021A/B Lecture Notes - Price Ceiling, Price Floor, Economic Equilibrium

OC666468 Page
13 Nov 2012
24
Price ceilings attempt to prevent the price from regulating the quantities demanded and supplied. When a price ceiling is applied to a housing market,
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WESTERNECON 1021A/BJeannie GillmoreSummer

Economics 1021A/B Lecture Notes - Indifference Curve, Opportunity Cost, Divisor

OC666464 Page
13 Nov 2012
17
Consumption choices are limited by income and prices. A household"s budget line describes the limits to its consumption choices. Divisible goods are th
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WESTERNECON 1021A/BJeannie GillmoreFall

Economics 1021A/B Lecture Notes - Avoidance Speech, Deadweight Loss, Price Floor

OC826364 Page
9 Dec 2012
14
Price ceiling/price cap gov regulation that makes it illegal to charge price higher than specified level. Price ceiling above equilibrium no effect. Pr
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WESTERNECON 1021A/BJeannie GillmoreFall

Economics 1021A/B Lecture Notes - Social Cost, Market Failure, Externality

OC826365 Page
9 Dec 2012
9
When allocates a scarce resource people who willing/able to pay that price get resource. 2 kinds of people decide not to pay those who cannot afford, c
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WESTERNECON 1021A/BJeannie GillmoreFall

Economics 1021A/B Lecture Notes - Diminishing Returns, Average Variable Cost, Marginal Product

OC666466 Page
13 Nov 2012
14
Decisions are either made in the long run or the short run. Past expenditure on plant that has no resale value is referred to as a sunk cost. Short run
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WESTERNECON 1021A/BJeannie GillmoreSummer

Economics 1021A/B Lecture Notes - Ecotax, School Voucher, Coase Theorem

OC666466 Page
11 May 2013
14
Congestion, pollution, and carbon emission are the sources of the most costly and widespread negative production externalities. Congestion traffic on t
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WESTERNECON 1021A/BJeannie GillmoreSummer

Economics 1021A/B Lecture Notes - Opportunity Cost, Monopolistic Competition, Marginal Revenue

OC666465 Page
11 May 2013
19
A large number of firms compete: each firm has a small market share. Each firm has only limited power to influence the price of its product. Each firm"
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WESTERNECON 1021A/BJeannie GillmoreSummer

Economics 1021A/B Lecture Notes - Progressive Tax, Assortative Mating, Unemployment Benefits

OC666467 Page
11 May 2013
15
Market income equals the wages, interest, rent, and profit earned in factor markets before paying income taxes total income equals market income plus c
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WESTERNECON 1021A/BJeannie GillmoreSummer

Economics 1021A/B Lecture Notes - Trigger Strategy, Strategic Dominance, Resale Price Maintenance

OC666465 Page
11 May 2013
15
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