ECO 202 - St.Leo

  • Saint Leo ECO 202 Module 1 Discussion Answer

    Saint Leo ECO 202 Module 1 Discussion Answer

    Saint Leo ECO 202 Module 1 Discussion Answer After watching the video clip from Jingle All the Way, consider the following: Prices serve a rationing function. When quantity demanded exceeds quantity supplied, prices rise to alleviate the...

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  • Saint Leo ECO 202 Module 2 Discussion Answer

    Saint Leo ECO 202 Module 2 Discussion Answer

    After viewing the video clip, Bart Gets an Elephant, consider the relationship between price elasticity of demand and total revenue, and why Homer didn't make the smartest business decision when raising the price of admission. For...

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  • Saint Leo ECO 202 Module 3 Discussion Answer

    Saint Leo ECO 202 Module 3 Discussion Answer

    After viewing the video clip from Cool Hand Luke, first consider how marginal benefits and marginal costs fit in to Luke’s decision, and how the concept of diminishing marginal utility is at work as Luke eats more and more eggs. • What...

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  • Saint Leo ECO 202 Module 4 Discussion Answer

    Saint Leo ECO 202 Module 4 Discussion Answer

    After viewing the clip “Broke“ from The Office, what was Ryan referring to when he said, “Over time with enough volume, we become profitable.” What short run costs was he focused on, and what was he ignoring?

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  • Saint Leo ECO 202 Module 5 Discussion Answer

    Saint Leo ECO 202 Module 5 Discussion Answer

    Search the web and view the video clip 1,000 Flowers Auctioned per Second in Holland. Then, research the Aalsmeer flower auctions in more detail. What aspects of perfect competition do you see present in the Aalsmeer flower auctions? Since...

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  • Saint Leo ECO 202 Module 6 Discussion Answer

    Saint Leo ECO 202 Module 6 Discussion Answer

    After watching the video clip from Forrest Gump, consider that Forrest’s good luck of “being in the right place at the right time” allowed him to operate as a monopoly. Typically, the fishing industry is a highly competitive...

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  • Saint Leo ECO 202 Module 7 Discussion Answer

    Saint Leo ECO 202 Module 7 Discussion Answer

    Search the web and view the video clip Golden Balls - £100,000 Split Or Steal? 14/03/08.  After watching the video clip, answer the following questions:   • How does the Prisoners’ Dilemma apply in the game of Golden...

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  • Saint Leo ECO 202 Module 8 Discussion Answer

    Saint Leo ECO 202 Module 8 Discussion Answer

    After watching the video clip from The Corporation, consider that labor is a derived demand. What forces are at work demanding low-skilled labor in the developing world? What could a country do to improve the types of skills demanded of its labor?

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