Cost Scenario University of Phoenix Dillian Rivera Alvarez ECO/561PR ECONOMICS-PUERTO RICO March 25‚ 2014 Dr. Jose Toral Munoz Cost Scenario The cost scenario summary there is a big challenge on whether to purchase and obtain more units of cell phones. This decision will imply for San Juan cell phone more sales and this will produce more cost benefit in term of profit. This decision has to be made based on opportunity cost and cost concepts and an analysis of contribution. Maria
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Week 2 Knowledge Check Concepts Mastery MARGINAL REVENUE Questions 100% 1 67% 2 3 4 100% 5 6 7 0% 8 SUPPLY AND DEMAND MARGINAL PRODUCTIVITY Score: 6/8 COST OF PRODUCTION Concept: MARGINAL REVENUE Concepts Mastery MARGINAL REVENUE 100% Questions 1 1. A perfectly competitive firm will be profitable if price at the profitmaximizing quantity is above A. MC B. ACV C. ATC D. AFC Correct! The correct answer is: C
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Market Equilibrating Process Paper ECO/561 February 15‚ 2011 Market Equilibrating Process Paper The principles of economics influence people’s lives every day. Consumers make purchases driven by need for food‚ gasoline‚ and a myriad of other goods and services to sustain their daily lives. Economists have made a career developing theories attempting to quantify the rationale of consumption. This paper will attempt to describe the most common principles of economics. These principles include
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This archive file includes ECO 561 Week 4 Reflection Discuss this week’s objectives with your team. Your discussion should include the topics you feel comfortable with‚ any topics you struggled with‚ and how the weekly topics relate to application in your field. Prepare a 1- to 3-page paper detailing the findings of your discussion? General Questions - General General Questions ECO 561 Week 4 Learning Team Reflection College is not always an easy experience. There
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Week 3 Knowledge Check Study Guide Concepts Mastery CRITICAL THINKING EVIDENCE CRITICAL THINKING 1 67% 2 3 4 100% 5 6 7 EVALUATING CRITICAL THINKING EVIDENCE Questions 100% OBJECTIVITY IN Score: 9 / 10 8 9 10 Concept: CRITICAL THINKING EVIDENCE Mastery 100% Questions 1. Before we judge the persuasiveness of a communication we need to: 1 A. Know the person who is communicating. B. Determine if the information provided is well presented. C. Identify the difference between
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Week 3 Knowledge Check Study Guide Concepts Mastery Score: 7 / 9 Questions INTEREST RATE 67% 1 2 3 MONEY MULTIPLIER 100% 4 5 6 QUANTITATIVE EASING 100% 7 MONETARY POLICIES 50% 8 9 Concept: INTEREST RATE Mastery 67% Questions 1. If you expect interest rates to rise‚ you will want to be holding A. more money because prices will likely fall 1 2 3 B. less money because bond prices will likely rise C. more money because bond prices will likely rise D. less money because bond
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The Business Cycle The long-run trend of the U.S. economy is one of economic growth. But growth has been interrupted by periods of economic instability usually associated with business cycles. Business cycles are alternating rises and declines in the level of economic activity‚ sometime over several years. Individual cycles (one “up” followed by one “down”) vary substantially in duration and intensity. Origin of the Idea O 26.1 Business cycles Phases of the Business Cycle Figure
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Week 5 Quizzes ECO/GM 561 Your Results for: "Readiness Assessment Quiz" Print this page Site Title: Economics UOP custom CW Book Title: UOP-custom course for Economics Book Author: Case Summary of Results 100% Correct of 7 Scored items: 7 Correct: 100% 0 Incorrect: 0% More information about scoring ________________________________________ 1. GDP includes all transactions in which money or goods change hands. Your Answer: False ________________________________________
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Week 3 Knowledge Check Study Guide Concepts Mastery Alternative Goals and Questions 100% 1 100% 2 100% 3 The creative process 100% 4 Domain Skills 100% 6 Strategic planning 100% 7 100% 8 100% 9 Plans Goals SWOT Analysis and Strategy Formulation Establishment of Mission‚ Vision‚ and Goals Core Competencies Step 5: Strategy 5 Score: 11 / 12 Implementation 10 Analysis of External Opportunities Corporate Strategy 100% 11 0% 12 Concept: Alternative Goals and Plans Mastery
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Q1. What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity cost: Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain. LO1 A1. Opportunity cost is the value of the next best thing forgone‚ this is always present whenever a choice is made. Economics is the social science that examines
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