ECO 561T Become Exceptional / newtonhelp.com

1
ECO 561T Become Exceptional / newtonhelp.com
2
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561 Week 1 Discussion Decision Making and
  Buyer Behavior
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 1 Discussion Decision Making and
  Buyer Behavior
•  
• Post a total of 3 substantive responses over 2
  separate days for full participation. This
  includes your initial post and 2 replies to other
  students.

3
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561 Week 2 Discussion Competition and the
  Invisible Hand
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 2 Discussion Competition and the
  Invisible Hand
•  
• Post a total of 3 substantive responses over 2
  separate days for full participation. This
  includes your initial post and 2 replies to other
  students.

4
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561 Week 3 Discussion Explaining the
  Imperfections
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 3 Discussion Explaining the
  Imperfections
•  
• Post a total of 3 substantive responses over 2
  separate days for full participation. This
  includes your initial post and 2 replies to other
  students.

5
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561 Week 4 Discussion Income Distribution and
  Labor Markets
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 4 Discussion Income Distribution and
  Labor Markets
•  
• Post a total of 3 substantive responses over 2
  separate days for full participation. This
  includes your initial post and 2 replies to other
  students.
•  
• Due Thursday
•  
• Respond to the following in a minimum of 175
  words

6
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561 Week 5 Discussion Money Multiplier
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 5 Discussion Money Multiplier
• Post a total of 3 substantive responses over 2
  separate days for full participation.
  This includes your initial post and 2 replies to
  other students.
• Due Thursday
• Watch the Money Multiplier
• Money Multiplier Transcript
• Respond to the following in a minimum of 175
  words
• This video explains the multiplier effect.

7
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561 Week 5 Discussion Open Economy Activities
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 5 Discussion Open Economy
  Activities 
• Post a total of 3 substantive responses over 2
  separate days for full participation. This
  includes your initial post and 2 replies to other
  students. 
• Due Thursday 
• One standard that corporations use to evaluate
  their performance against their competitors is
  the set of rankings developed by Fortune
  magazine.

8
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561 Week 6 Discussion Economic Growth and
  Capital Flow
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 6 Discussion Economic Growth and
  Capital Flow
• Post a total of 3 substantive responses over 2
  separate days for full participation. This
  includes your initial post and 2 replies to other
  students. 
• Due Thursday 
• Respond to the following in a minimum of 175
  words 

9
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561 Week 6 Discussion System Dynamics
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 6 Discussion System Dynamics
• Post a total of 3 substantive responses over 2
  separate days for full participation.
  This includes your initial post and 2 replies to
  other students.

10
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Apply Week 1 Assignment
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Apply Week 1 Assignment
•  
• 1) For the fall semester, you had to pay a
  nonrefundable fee of 600 for your meal plan,
  which gives you up to 150 meals. If you eat 100
  meals, your average cost for a meal is

11
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Apply Week 2 Assignment
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Apply Week 2 Assignment
•  
• 1) If the price elasticity of demand for
  pineapples is 0.75, then a 4 percent increase in
  the price of pineapples will lead to a
• 2) Suppose the company that owns the vending
  machines on your campus has doubled the price of
  a can of soda. They then notice that they are
  selling approximately 15 percent fewer sodas.

12
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Apply Week 3 Assignment
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Apply Week 3 Assignment
•  
• 1) The essential feature that differentiates
  imperfectly competitive firms from perfectly
  competitive firms is that an imperfectly
  competitive firm
• 2) If a firm faces a downward-sloping demand
  curve, then

13
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Apply Week 4 Assignment
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Apply Week 4 Assignment
•  
• 1) The optimal amount of information to acquire
  before making a purchase is
• 2) This graph illustrates the marginal costs and
  marginal benefits of acquiring information before
  making a major purchase.
•  
•  
•  
• Suppose the marginal cost and marginal benefit
  curves were MC0 and MB0 several decades ago.
  However, because information about this product
  is now available online, the

14
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Apply Week 5 Assignment
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Apply Week 5 Assignment
• 1) The following graph is the production
  possibility curve for a three-person economy,
  with workers Janna, Drew, and Karl.
•  
•  
•  
• The slope of the PPC between points X and Y is
  determined by _____ opportunity cost.
•  
•  
• 2) Sheila and Jim live in an island where they
  are the only two workers. Sheila can either catch
  10 fish or gather 40 pounds of berries each day,
  and Jim can either catch 8 fish or gather 24
  pounds of berries each day. Both of them work 200
  days per year. At current world prices 1 fish
  trades for 3.5 pounds of berries. Who has the
  comparative advantage in producing berries?

15
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Apply Week 5 Think Like an Economist
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• Apply Think Like an Economist Assignment
  Instructions
• The accompanying table shows how total donations,
  average donations, total labor costs and average
  labor costs vary depending on the number of
  employees State U hires for its fundraising
  activities.
• Complete the following

16
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Apply Week 6 Assignment
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Apply Week 6 Assignment
•  
• 1) Average labor productivity times the
  proportion of the population employed equals
• 2) A nation's standard of living,
  as measured by real GDP per person, increases
• 3) If average labor productivity increases, real
  GDP per person

17
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Entire Course
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561 Week 1 Discussion Decision Making and
  Buyer Behavior
•  
•  
• ECO 561 Week 2 Discussion Competition and the
  Invisible Hand
•  
•  
• ECO 561 Week 3 Discussion Explaining the
  Imperfections

18
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Week 1 Video Question
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Week 1 Video Question
•  
• 1)The table below shows your total benefit
  measured in dollars from drinking different
  amounts of coffee each day.whats your marginal
  benefit from a second cup of coffee?
• Number of cups of coffee per day      Total
  benefit per day(in dollars)
• 0          0

19
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Week 2 Practice Knowledge Check
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Week 2 Practice Knowledge Check
•  
• 1)If the price of textbooks increases by one
  percent and the quantity demanded falls by
  one-half percent, then the price elasticity of
  demand is equal to
•  
• 2)If 20 percent increase in the price of a good
  leads to a 60 percent decrease in the quantity
  demanded, then what is the price elasticity of
  demand?
•  
•  
•  

20
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Week 3 Practice Knowledge Check
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Week 3 Practice Knowledge Check
•  
•  
• 1)If people use the representative heuristic they
  assume that something is ___ likely to belong to
  a category the more it shares characteristics
  thought to be representative of membership in
  that category
•  
• 2)The ______  heuristic is the rule of thumb that
  estimates the frequency of an event by the ease
  with which it is possible to summon examples from
  memory

21
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Week 5 Practice Knowledge Check
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Week 5 Practice Knowledge Check
•  
• 1)An economy has two workers, Paula and Ricardo.
  Every day they work, Paula can produce 4
  computers or 16 shirts, and Ricardo can produce 6
  computers or 12 shirts. What is the opportunity
  cost for Ricardo to produce one computer?

22
ECO 561T Become Exceptional / newtonhelp.com

• ECO 561T Week 6 Practice Knowledge Check
• For more course tutorials visit
• www.newtonhelp.com
•  
•  
• ECO 561T Week 6 Practice Knowledge Check
•  
• 1)How is real output per person calculated?
• 2)Y/POPY/N xN/POP is an
• 3)The most important factor for long run economic
  growth is
• 4)If the share of the population employed is
  unchanged and real output per person increases by
  20 percent,then it means that
• 5)In the last 50years,the share of population
  employed in the U.S. has increased  because

23
ECO 561T Become Exceptional / newtonhelp.com