Exams are coming!
Get ready with premium notes and study guides!

Textbook Notes for professor

RYERSONECN 104professorFall

ECN 104 Chapter Notes - Chapter 7: Marginal Utility, Budget Constraint, Consistency

OC23217606 Page
23 Nov 2017
0
The law of diminishing marginal utility: is that added satisfaction declines as a consumer acquires additional units of a given product. I(cid:374) a s
View Document
RYERSONECN 104professorFall

ECN 104 Chapter Notes - Chapter 3: Marginal Utility, Demand Curve, Economic Equilibrium

OC232176012 Page
23 Nov 2017
0
3. 1: markets: some markets are local, while others are national or international. They all involve demand, supply, price, and quantity. In any time pe
View Document
RYERSONECN 104professorFall

ECN 104 Chapter Notes - Chapter 9: Monopolistic Competition, Foreign Exchange Market, Perfect Competition

OC23217603 Page
23 Nov 2017
0
Chapter 9: perfect competition in the short run. Since we cannot examine each industry individually, we will focus on four basic models of market struc
View Document
RYERSONECN 104professorFall

ECN 104 Chapter Notes - Chapter 2: Mixed Economy, Economic System, Limited Government

OC232176016 Page
23 Nov 2017
0
2. 1: economic systems: every society needs to develop an economic system: a particular set of institutional arrangements and a coordinating mechanism
View Document
RYERSONECN 104professorFall

ECN 104 Chapter Notes - Chapter 8: Cost, Opportunity Cost, Fixed Cost

OC232176011 Page
23 Nov 2017
0
Firms face costs because the resources they need to produce their products are scarce and have alternative uses. Because of scarcity, firms wanting a p
View Document
RYERSONECN 104professorFall

ECN 104 Chapter Notes - Chapter 1: Macroeconomic Model, Marginal Cost, Marginal Utility

OC232176011 Page
23 Nov 2017
0
1. 2: the economic way of thinking: whenever our wants are greater than the resources to meet those desires, we have an economic problem. It is the rea
View Document
Showing 1 — 6 of 6 results

Textbook Notes (280,000)
CA (170,000)
Ryerson (10,000)
ECN (800)
ECN 104 (300)
professor (6)