Econ final flow chart #2
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Economics
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http://course-notes.org/Economics
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Econ Final #1
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Economics 01
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Econ midterm study cheat sheet
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Compare and contrast different market structures in the universe Compare the basic compeditve model vs perfect competition Chart on left Figure out dead weight options BCM-pc BCM-PC Marginal cost T(max) MR=MC Yes T(max) MR=MC Yes Price In Yes P>MC N-DWL N-ADV Oligopoly-few firms -direct interaction actions of one directly impact other firms in a market. -Firms are interdependent -crude oil, refining
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Econ 2.08
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Career: Computer Scientist Income (before tax) $120,000.00 Total Yearly Budget $65,000 Total Yearly Expenses $54,381 Net Income (after tax) $86,016.25 Difference (net income minus expenses) $31,635.25 Entertainment Yearly Cost Video/DVD ?$20 Vacation ?$700 Other ?$300 Subtotals ?$1020 Other Credit Debt Yearly Cost Student Loan ?$6,000 Credit Card ?$500 Credit Card ?$500 Other ?$300 Subtotals ?$7,300 Utilities Yearly Cost Phone and/or Cell Phone ?$720 Cable and Internet ?$840 Electric and Gas ?$1220 Water and Sewer ?$650 Waste Removal ?$300 Subtotals ?$3730 Personal Care Yearly Cost Health Insurance ?$3,420 Other Medical Costs ?$400 Hair/Nails ?$50 Clothing & Laundry ?$300 Health Club
Econ 2.04
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Investment Data Sheet Name of company/investment Contact Info Company details Type of Investment Risk level Expected rate of return Minimum required investment Why are you interested in this investment??
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Econ 2.03
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Career Name: Computer Programmer Yearly Income: $70,000 Flat Tax Some Americans are supporting switching to a flat income tax rate of 15%. How much would you pay under this plan? (70,000) X 15% (or .15) = $10,500 Calculator Tip: To multiply by a percentage, you can use your calculator in two ways. You can use the percent symbol key or you can enter the percentage as a decimal. To change a percentage to a decimal, move the decimal point two digit places to the left. Example: 20% becomes 0.20 Regressive Tax Plan Mark ?X? next to the row that matches your yearly income. Proposed Regressive Plan Calculate your tax. 40% on income up to $25,000 30% on income between $25,000 and $34,000 25% on income between $34,000 and $44,000 X
Econ 2.02
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Career Information Career Path ? Option 1: Computer Scientist Career Category: Investigative Career Path ? Option 2: Primary School Teacher Career Category: Social Job description Computer scientists are generally concerned with software, operating systems and implementation. Primary school teachers develop schemes of work and lesson plans in line with curriculum objectives.? Requirements for path Bachelor's degree with a major in computer science, information systems or software engineering. Completing a bachelor's?degree?in?elementary education?or earning a bachelor's?degree?in the subject you wish to teach. Earning a?teaching certificate through an accredited certification program. Salary/benefits information Salary: $51,621 - $125,877
Econ 1.05
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An increase in the curve could be due to the improvement in the technology of the machines that made the Bluetooth headphones. The headphones are being produced quicker which leads to an increase in supply. A decrease in the curve can be caused by the price of the components that are used to create the headphones increasing. This leads to a decrease in supply.
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Econ 1.04
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In the curve labeled D2, both the demand and price decreased for the waterproof iPhone case. Tastes and preferences could play a huge part in this decrease because of the poor quality of the case. People realized that the quality of the case wasn?t so great and the effectiveness of the waterproof element of the case didn?t work so well. In the curve D1, an increase in demand for the case could be caused by people hearing that the prices will be going up in the future. The people expect the price of the case to increase so more people are willing to buy it now.
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