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MBA651Fall2007
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Section 1
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Section 1: Must be finished by Sep. 19 11PM
1
Value
2
marginal analysis: Marginal Benefit including marginal revenue and Marginal cost
b
(B) marginal analysis: Marginal Benefit including marginal revenue and Marginal cost
3
Demand include what is a demand curve and what shifts a demand curve
4
Supply include what is a supply curve and what shifts a supply curve
5
Supply and Demand
b
(B) Supply and Demand
6
Taxes including ad valorem taxes and excise taxes
7
Prices including full economic price
8
Price ceiling
9
Price floor
10
Using regression analysis to derive a demand curve, also tstats, Rsquaredtstats, Fstat, Rsquared, adjusted Rsquare
11
elasticity of demand including Marginal revenue and the relationship with elasticity of demand
12
elasticity of supply
13
cross price elasticity
14
income elasticity
15
budget constraints
16
indifference curves. Including assumptions such as transitivity, completeness and more is better. Diminishing MU
17
income effects and substitution effects
18
Comparative advantage and trade
b
(B) Comparative advantage and trade
19
Production Process and Costs
b
(B) Production Process and Costs
20
Opportunity costs including implicit costs and explicit costs
21
Profit: the difference between economic and accounting costs, economic profit, economic losses, and zero economic profit
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1 Value
2 marginal analysis: Marginal Benefit including marginal revenue and Marginal cost
b (B) marginal analysis: Marginal Benefit including marginal revenue and Marginal cost
3 Demand include what is a demand curve and what shifts a demand curve
4 Supply include what is a supply curve and what shifts a supply curve
5 Supply and Demand
b (B) Supply and Demand
6 Taxes including ad valorem taxes and excise taxes
7 Prices including full economic price
8 Price ceiling
9 Price floor
10 Using regression analysis to derive a demand curve, also tstats, Rsquaredtstats, Fstat, Rsquared, adjusted Rsquare
11 elasticity of demand including Marginal revenue and the relationship with elasticity of demand
12 elasticity of supply
13 cross price elasticity
14 income elasticity
15 budget constraints
16 indifference curves. Including assumptions such as transitivity, completeness and more is better. Diminishing MU
17 income effects and substitution effects
18 Comparative advantage and trade
b (B) Comparative advantage and trade
19 Production Process and Costs
b (B) Production Process and Costs
20 Opportunity costs including implicit costs and explicit costs
21 Profit: the difference between economic and accounting costs, economic profit, economic losses, and zero economic profit