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Textbook Notes for Zachary Mahone

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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter 1: CHAPTER introduction to economics

OC22105622 Page
11 Jun 2018
0
Positive statements, at least in principle, can be disproven with an appeal to evidence: building and testing economic theories, theories (sometimes ca
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter 6-7: CHAPTER indifference curve , producers in short run

OC22105625 Page
11 Jun 2018
0
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 8: Longrun, Marginal Product

OC22105623 Page
11 Jun 2018
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 4: Price Ceiling, Price Floor, Economic Equilibrium

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11 Jun 2018
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 2: Demand Curve, Shortage, Economic Equilibrium

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11 Jun 2018
0
Summary: demand, the amount of a product that consumers want to purchase is called quantity demanded. Quantity demanded is assumed to increase as the p
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 3: Price Elasticity Of Demand

OC22105623 Page
11 Jun 2018
0
Price elasticity of demand: price elasticity of demand is a measure of the extent to which the quantity demanded of a product responds to a change in i
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 9-10: Isoquant, Isocost, Marginal Cost

OC22105624 Page
11 Jun 2018
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 12: Imperfect Competition, Nash Equilibrium, Monopolistic Competition

OC22105624 Page
11 Jun 2018
0
Summary: most firms in imperfectly competitive markets sell differentiated products. In such industries, the firm itself must choose its product"s char
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 5: Economic Surplus, Demand Curve, Normal Good

OC22105624 Page
11 Jun 2018
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 11: Price Discrimination, Demand Curve, Marginal Revenue

OC22105624 Page
11 Jun 2018
0
Summary: unlike a perfectly competitive firm, a monopolist faces a negatively sloped demand curve, the monopolist"s marginal revenue is less than the p
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 9: Marginal Revenue, Perfect Competition, Marginal Cost

OC21160635 Page
30 Oct 2017
0
Impediments that make it difficult or impossible to for a new firm to enter and compete in a market. Many buyers and sellers all producing the same pro
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UTMECO100Y5Zachary MahoneFall

ECO100Y5 Chapter Notes - Chapter 19: Gross Domestic Product, Unemployment Benefits, Nairu

OC21832806 Page
6 Jan 2018
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