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Class Notes for ECO 2023 at Florida International University (FIU)

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FIUECO 2023Jose Lopez CallejaSummer

ECO 2023 Lecture Notes - Lecture 1: Marginal Revenue, Marginal Cost, Marginal Utility

OC167630912 Page
6 Jul 2017
0
A grocery store sells a bag of potatoes at a fixed price of . 30. Answers: gross earnings marginal revenue net benefit marginal costs pure profit marke
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FIUECO 2023Jose Lopez CallejaSummer

ECO 2023 Lecture Notes - Lecture 6: Economic Surplus, Demand Curve

OC16763094 Page
6 Jul 2017
0
How the allocation of resources affects an economic well- being. Consumer surplus amount a buyer is willing to pay for a good minus amount the buyer ac
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FIUECO 2023Jose Lopez CallejaSummer

ECO 2023 Lecture Notes - Lecture 11: Aquifer, Town Meeting, Private Good

OC16763096 Page
6 Jul 2017
0
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FIUECO 2023Jose Lopez CallejaSummer

ECO 2023 Lecture Notes - Lecture 10: Coase Theorem, Economic Equilibrium, Sulfur Dioxide

OC16763098 Page
6 Jul 2017
0
With a corrective tax the government sets the price of pollution; with tradable pollution permits, demand and supply set the price of pollution. Taking
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FIUECO 2023Jose Lopez CallejaSummer

ECO 2023 Lecture Notes - Lecture 17: Illinois Central Railroad, Marginal Utility, Indifference Curve

OC16763097 Page
6 Jul 2017
0
Percentage change in quantity divided by percentage change in (% change q/% change p) The price elasticity demand is often favored over the slope of th
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