1. The equilibrium price of a good is determined by the intersection of its supply and demand curves. We can know everything about a goods cost of production( that, is we can know its supply exactly) yet still not know where the demand curve will intersect the supply curve

Multiple Choice 1. Equilibrium a. is a concept unique to economics. b. always occurs where supply equals demand. C. results when opposing forces fail to cancel each other out. d. indicates balance. e. all of the above

Chapter 1 Thinking Like an Economist Chapter 2 Comparative Advantage Chapter 3 Supply and Demand: An Introduction Chapter 4: Elasticity

Chapter 5 presents the material in a way that illustrates the core principle of the textbook, that marginal benefits should equal marginal costs The chapter presents the demand curve as derived from marginal benefits. Chapter 6 presents the supply curve as derived from marginal costs These two chapters provide the details behind the principle that Mc- MB and give students a solid

1. The principle of increasing opportunity cost, also known as the low-hanging-fruit principle, says that the least costly options should be exploited first, with more costly options taken up only after the least costly ones have been exhausted. At low prices, only those with low opportunity costs of producing the product would find it worthwhile to offer it for sale. As prices

1. Which of the following best explains why wages in service industries have increased along with wages in manufacturing industries, even though service industry productivity has not increased as much? because

1. A situation is efficient if a. no change can help some people without hurting others. b. the gain for some people offsets the loss for others. .C. the gain for some people more than offsets the loss to others. d. consumer surplus is maximized. e. producer surplus is maximized

中国现代文学史是全国高等师范院校汉语言文学系的一门重要 的专业基础课。本课程讲授1917—1949年中国文学发展的历 史轨迹、基本特征,作家的生平史实、创作观念、审美情趣,作 品的情感特征、艺术特征,文学流派的群体风貌,以及中国现代 文学与中国文学传统、西方文学的独特关联,使学生从文学本体 、历史语境、文化视角、中西文学传统等方面具体地理解和把握 中国现代文学的基本知识

开篇案例 例1.微软公司和比尔.盖茨 电脑神童比尔盖茨创建了微软 公司。 大约30年前名书生气十足、对 被称作计算机的新奇设备颇有天赋的 男孩子把他编制的第一套软件——课 程管理系统,卖给了他就读的西雅图 高中,得到了4200美元的报酬

近代著名学者严复在翻译西方法学名 著法国孟德斯鸠的《法意》在译文 的第一篇的按语中就提醒读者: “盖在中文,物有是非谓之理,国 有禁令谓之法,而西人则通谓之法