humorandwit.blogspot.com
HUMOR AND WIT TO BRIGHTEN YOUR DAY: May 2008
http://humorandwit.blogspot.com/2008_05_01_archive.html
HUMOR AND WIT TO BRIGHTEN YOUR DAY. Tuesday, May 6, 2008. HUMOR AND WIT DAY 30. Two teenagers are arrested. The police officer tells them they are entitled to one phone call. Some time later a man enters the station and asks for them. “I suppose you’re their lawyer,” says the officer. 8220;No,” the man replies. “I’m here to deliver the pizza.”. There are three ways in which a man. Can wear his hair: parted, unparted, departed. John :“Why would that make your neighbor angry? The judge said that was true.
humorandwit.blogspot.com
HUMOR AND WIT TO BRIGHTEN YOUR DAY: February 2008
http://humorandwit.blogspot.com/2008_02_01_archive.html
HUMOR AND WIT TO BRIGHTEN YOUR DAY. Tuesday, February 26, 2008. HUMOR AND WIT DAY 20. A civil servant was hiking when he came upon a shepherd tending a large flock. The official took a fancy to the sheep and asked the shepherd, “If I can guess how many there are, may I have one? 8221; The shepherd thought it unlikely the man would guess the exact number so he agreed. The public servant guessed, “You have 359 sheep.” The shepherd was astonished, since this was exactly right. He said that one should not wo...
economicslessons.blogspot.com
ECONOMICS LESSONS THROUGH Q & A: December 2007
http://economicslessons.blogspot.com/2007_12_01_archive.html
ECONOMICS LESSONS THROUGH Q and A. Friday, December 28, 2007. SUPPLY AND DEMAND: PART TWO. Long before Einstein, economists had been aware that Earthly matter has four dimensions: Length, breadth, thickness, and price.". Concepts of : Increase and decrease in demand Increase and decrease in supply Inferior goods Normal goods Joint products Shift in demand and supply Substitute products Substitutes Complements. Why do we hold price constant. When we talk about increasing or decreasing demand? No This even...
economicslessons.blogspot.com
ECONOMICS LESSONS THROUGH Q & A: January 2008
http://economicslessons.blogspot.com/2008_01_01_archive.html
ECONOMICS LESSONS THROUGH Q and A. Sunday, January 27, 2008. FISCAL POLICY: PART TWO. FISCAL POLICY: GOVERNMENT SPENDING AND TAXATION. 075, if G. Both increase by $1,000, what will happen to equilibrium income? By how much must T. Be increased (assuming G. Is increased by $1,000) so that equilibrium income does not increase? The balanced-budget multiplier is 1, so equilibrium income will go up $1,000. To not change equilibrium income the increase in taxes must reduce C. By the amount G. By $1,000, DI.
economicslessons.blogspot.com
ECONOMICS LESSONS THROUGH Q & A: March 2008
http://economicslessons.blogspot.com/2008_03_01_archive.html
ECONOMICS LESSONS THROUGH Q and A. Wednesday, March 26, 2008. THE RATIONAL EXPECTATION THEORY : PART TWO. RELATED CONCEPTS : RANDOM ERRORS RATIONAL EXPECTATIONS REAL BUSINESS CYCLE THEORY SYTEMATIC ERRORS. If a baseball player has a 300 batting average, why is it unbiased to predict that for every ten times at bat, he or she should have three hits? Why is predicting four hits (out of ten) a biased prediction? If the Fed does this ten times in a row, what will happen the eleventh time? People will expect ...
economicslessons.blogspot.com
ECONOMICS LESSONS THROUGH Q & A: June 2008
http://economicslessons.blogspot.com/2008_06_01_archive.html
ECONOMICS LESSONS THROUGH Q and A. Saturday, June 7, 2008. COST AND OUTPUT : PART TWO. RELATED CONCEPTS: ACCOUNTING PROFIT AVERAGE VARIABLE, FIXED, AND TOTAL COSTS CONSTANT RETURN TO SCALE DISECONOMIES OF SCALE ECONOMIC PROFIT ECONOMIES OF SCALE EXPLICIT COSTS IMPLICIT COSTS LAW OF DIMINISHING MARGINAL RETURNS LONG AND SHORT RUN LONG-RUN AVEAGE COST MARGINAL COST MARGINAL PHYSICAL PRODUCT TOTAL COST TOTAL FIXED COSTS TOTAL VARIABLE COSTS . Answer true or false:. ATC falls only when MC falls. 23,000: Expl...
economicslessons.blogspot.com
ECONOMICS LESSONS THROUGH Q & A: February 2008
http://economicslessons.blogspot.com/2008_02_01_archive.html
ECONOMICS LESSONS THROUGH Q and A. Sunday, February 17, 2008. MONEY AND AGGREGATE DEMAND - THE KEYNESIAN MODEL: PART TWO. RELATED CONCEPTS: BONDS CROWDING OUT INFLATIONARY PREMIUM EFFECT INTEREST RAT LIQUIDITY EFFECT PRECAUTIONARY DEMAND FOR MONEY SPECULATIVE DEMAND FOR MONEY TRANSACTION DEMAND FOR MONEY. How will the following events affect interest rates, investment spending, and aggregate demand? Event A: The Fed buys. Government bonds in an open market operation. Event B: The Fed sells. Rises, and AD.
economicslessons.blogspot.com
ECONOMICS LESSONS THROUGH Q & A: COST AND OUTPUT : PART TWO
http://economicslessons.blogspot.com/2008/06/cost-and-output-part-two_07.html
ECONOMICS LESSONS THROUGH Q and A. Saturday, June 7, 2008. COST AND OUTPUT : PART TWO. RELATED CONCEPTS: ACCOUNTING PROFIT AVERAGE VARIABLE, FIXED, AND TOTAL COSTS CONSTANT RETURN TO SCALE DISECONOMIES OF SCALE ECONOMIC PROFIT ECONOMIES OF SCALE EXPLICIT COSTS IMPLICIT COSTS LAW OF DIMINISHING MARGINAL RETURNS LONG AND SHORT RUN LONG-RUN AVEAGE COST MARGINAL COST MARGINAL PHYSICAL PRODUCT TOTAL COST TOTAL FIXED COSTS TOTAL VARIABLE COSTS . Answer true or false:. ATC falls only when MC falls. 23,000: Expl...
economicslessons.blogspot.com
ECONOMICS LESSONS THROUGH Q & A: COST AND OUTPUT : PART ONE
http://economicslessons.blogspot.com/2008/06/cost-and-output-part-one_07.html
ECONOMICS LESSONS THROUGH Q and A. Saturday, June 7, 2008. COST AND OUTPUT : PART ONE. RELATED CONCEPTS: ACCOUNTING PROFIT AVERAGE VARIABLE, FIXED, AND TOTAL COSTS CONSTANT RETURN TO SCALE DISECONOMIES OF SCALE ECONOMIC PROFIT ECONOMIES OF SCALE EXPLICIT COSTS IMPLICIT COSTS LAW OF DIMINISHING MARGINAL RETURNS LONG AND SHORT RUN LONG-RUN AVEAGE COST MARGINAL COST MARGINAL PHYSICAL PRODUCT TOTAL COST TOTAL FIXED COSTS TOTAL VARIABLE COSTS . Why are average costs lowest in the long run? MC = AVC at AVCR...
