PPT-EC102: Class 3

Author : debby-jeon | Published Date : 2015-11-05

Christina Ammon Elasticities Own price elasticty the percentage change in the quantity demanded of a good when its price changes by 1 per cent Types of Elasticities

Presentation Embed Code

Download Presentation

Download Presentation The PPT/PDF document "EC102: Class 3" is the property of its rightful owner. Permission is granted to download and print the materials on this website for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.

EC102: Class 3: Transcript

Christina Ammon Elasticities Own price elasticty the percentage change in the quantity demanded of a good when its price changes by 1 per cent Types of Elasticities Ownprice elasticity. STEP CLASS 1 CLASS 2 CLASS 3 CLASS 4 CLASS 5 CLASS 6 1 41,695 41,970 42,246 42,797 43,347 43,898 2 41,970 42,246 42,797 43,347 43,898 44,450 3 42,246 42,797 43,898 44,450 45,000 45,550 4 42,797 43,347 Christina Ammon. The Firm/ Production. What is the aim of the firm? . Profits=Revenue-Total Economic Costs. Revenue=Price*Quantity. Total Economic Costs:. Concepts:. Total Economic Costs & Sunk Costs vs. Fixed and Variable Costs. Christina Ammon. Notes on the Problem Set. Two grades: One for multiple choice and one for Essay questions – put most of the weight on essay for final grade. For exam: would have all been saved by multiple choice. 8. Christina Ammon. Question . 1. Consider the initial situation of the tablet market in which Apple is a monopolist thanks to its . Ipad. . Suppose that Apple spends £2,000,000 on a new advertising campaign in the UK. As a result, the demand for . Christina Ammon. Overview. Collect Problem Set . Can also leave in pigeon hole until 5pm . sharp (. or email). Will go over parts next week in class. Today: Quiz 5. Continue with cost . minimisation. Christina Ammon. Overview. Will go through one question today as an example of what to . do + common mistakes. Will go through one more next week. Moodle Quiz 6. Common Mistakes/Tips. Expected to write half a page for each 5 point sub-question. 9. Christina Ammon. Game Theory - Concepts. Players. Actions. Strategies. Pay-offs. Nodes. What do we assume abou. t the information set?. An equilibrium is described in terms of strategies not in terms of pay-offs. The team of qualified online tutors at Take My Online Class is available 24/7 to help online students and answer any questions they may have about coursework. For more information visit https://takemyonlineclass.com/. Online Class Cheat Reviews posts genuine reviews of online tutoring services to help online students stay away from scammers. Online Class Help 911 conducts all their financial transactions through a secured payment gateway, and their customers’ email and chat conversations are protected. Booking business class flights has never been easier than with BuyBusinessClass. Their user-friendly platform allows you to browse through a wide range of options, view details of various airlines, and compare prices effortlessly. With hundreds of academic experts, Online Class Help 911 offers exceptional class help services to busy online students in the country. Visit our website: https://onlineclasshelp911.com/ to learn more about us. From providing class help service for single assignment to entire course completion, the academic service provider takes care of all the challenges associated with the tasks. Class 2 Class 1 Class 3 Class 4 Class 5 Class 6 Evaluating Safety Making Hygiene Line Bender Combining 2D design program Knife Skills Weighing CAD and CAM Using the Oven Design Ideas Using the hob Presentation Design Process and research

Download Document

Here is the link to download the presentation.
"EC102: Class 3"The content belongs to its owner. You may download and print it for personal use, without modification, and keep all copyright notices. By downloading, you agree to these terms.