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Textbook Notes for Michael Batu

U WINDSORECON 2210Michael BatuSpring

41-221 Chapter Notes - Chapter 1: Marginal Revenue Productivity Theory Of Wages, Competitive Equilibrium, Price Discrimination

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U WINDSORECON 2210Michael BatuSpring

41-221 Chapter Notes - Chapter 1: Deadweight Loss, Economic Equilibrium, Economic Surplus

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A country which does not tax cigarettes is considering the introduction of a sh. 40 per pack tax. The economic advisors to the country estimate the sup
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U WINDSORECON 2210Michael BatuSpring

41-221 Chapter Notes - Chapter 2: Fiber Crop, Normal Good, Reservation Price

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Questions for review: suppose that unusually hot weather causes the demand curve for ice cream to shift to the right. The unusually hot weather will ca
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U WINDSORECON 2210Michael BatuSpring

41-221 Chapter Notes - Chapter 3: Economic Surplus, Average Variable Cost, Marginal Product

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U WINDSORECON 2210Michael BatuSpring

41-221 Chapter Notes - Chapter 10: Fixed Cost, Expenditure Function, Chulalongkorn University

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Chulalongkorn university: bba international program, faculty of commerce and. Market power: monopoly and monopsony: caterpillar tractor, one of the lar
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U WINDSORECON 2210Michael BatuSpring

41-221 Chapter 1-20: (8th Edition) (The Pearson Series in Economics) Robert Pindyck, Daniel Rubinfeld-Microeconomics-Prentice Hall (2012)

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U WINDSORECON 2210Michael BatuSpring

41-221 Chapter Notes - Chapter 10: Learned Hand, Inverse Demand Function, Round-Off Error

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A monopolist is producing at a point at which marginal cost exceeds marginal revenue. When marginal cost is greater than marginal revenue, the cost of
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U WINDSORECON 2210Michael BatuSpring

41-221 Chapter Notes - Chapter 5: Risk Neutral, Moral Hazard, Risk Premium

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A risk-averse person has a diminishing marginal utility of income and prefers a certain income to a gamble with the same expected income. A risk lover
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U WINDSORECON 2210Michael BatuSpring

41-221 Chapter Notes - Chapter 3: Demand Curve, Shampoo, Revealed Preference

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Alvin"s preferences for good x and good y are shown in the diagram below. Based on figure 3. 2, it can be inferred that: Which assumption concerning pr
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