Notes WEEK 1 + 2
Notes WEEK 1 + 2 ECON 1020
Popular in Introduction to Micro- and Macroeconomics I: History and Theories
Test Prep (MCAT, SAT...)
verified elite notetaker
Popular in Economcs
This 1 page Bundle was uploaded by Notetaker Notetaker on Sunday October 11, 2015. The Bundle belongs to ECON 1020 at University of Denver taught by Dr. Paula Cole in Fall 2015. Since its upload, it has received 34 views. For similar materials see Introduction to Micro- and Macroeconomics I: History and Theories in Economcs at University of Denver.
Reviews for Notes WEEK 1 + 2
Report this Material
What is Karma?
Karma is the currency of StudySoup.
You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!
Date Created: 10/11/15
Alyssa Schmith Econ 1020 Fall 15 Test One Study Guide Does Bill Gates face scarcity Bill Gates faces scarcity just as everyone else in the world does While Bill Gates may not worry about money in the same manner as a typical American he still has limited time Mr Gates faces choices about how to spend his time Time just like money is a limited and desired resource making it scarce Due to his large revenue stream he may face larger opportunity costs than most He could choose to spend five hours working for Microsoft increasing his net worth or he could spend those same five hours at a charity event His opportunity cost is the money he didn t make because he went to the event conversely Mr Gates could lose out on the opportunity to fulfill his want to help others if he goes to work Rising College Costs and Students
Are you sure you want to buy this material for
You're already Subscribed!
Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'