PreparED Study Materials
ECON 150: ECON Principles & Problems Micro
School: Brigham Young University - Idaho
Number of Notes and Study Guides Available: 5
Notes
Economics 150: chapter 1 (Economics)
ECON 150
Brigham Young University - Idaho
4 pages | Spring 2016
Economics 150: chapter 4 (Economics)
ECON 150
Brigham Young University - Idaho
8 pages | Spring 2016
Economics 150: chapter 2 (Economics)
ECON 150
Brigham Young University - Idaho
6 pages | Spring 2016
Economics 150: chapter 3 (Economics)
ECON 150
Brigham Young University - Idaho
4 pages | Spring 2016
Videos
Price Elasticity: Mid-Point Method & Its Practical Significance
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Grasp the essentials of price elasticity of demand through various calculation methods. Dive deep into the unique and consistent mid-point method, understanding its relevance in fluctuating markets. Learn its practical application in analyzing market dynamics.
Comparing Four-firm Ratio & HHI: Assessing Market Concentration & Powe
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Explore the differences between the Four-firm Concentration Ratio and the Herfindahl-Hirschman Index. Understand how they assess market concentration and dominance. Get insights into market power dynamics by comparing these two indices.
Profit-Maximizing in Competitive Markets: Unraveling P=MC & Its Impact
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Discover the power of the profit-maximizing rule in perfectly competitive markets. Unearth how setting price equal to marginal cost optimizes consumer and producer benefits. Grasp the significance of this rule for societal resource utilization.
"Economics Basics: Circular-Flow Diagram Explained
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Explore the fundamental concept of the circular-flow diagram in economics, which simplifies the intricate interactions between households and firms. Includes examples illustrating how money, labor, and services flow between these economic actors.
Storm Effects on Factor Markets: Wages and Capital Renta
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In the scenario presented, a ferocious storm causes damage to multiple factories, impacting the stock of capital. This, in turn, has consequences for factors in the market, affecting both wages and the rental price of capital.
Trade-offs in Life: Balancing Time, Money, Jobs, and Personal Ties
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Explore the concept of trade-offs in daily life, from balancing work and leisure to managing savings and expenses. Unravel the intricacies of prioritizing professional ambitions against personal ties. Learn how recognizing these trade-offs can guide more informed life decisions.