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Alexandro Russel

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Term1/13
What did the US Supreme Court rule in Furman v Georgia
Definition1/13

In Furman vs. Georgia the court ruled that all existing death penalty laws violated the constitution.

Term1/13
How did the existence of the baby boom generation change demand in the US
Definition1/13

demand was raised for different goods with each age of the baby boomers reached.

Term1/13
V-cube 7 or megaminx
Definition1/13

megaminx

Term1/13
What are the types of supply elasticity
Definition1/13
Types of elasticity of supply

1) Perfectly elastic supply

2) Relative elastic supply

3) Unitary elastic supply

4) Relatively in elastic supply

5) Perfectly in elastic supply

Term1/13
What is deciding whether to do or use one additional unit of some resource
Definition1/13

Thinking at the margin... i think

Term1/13
Which product would be likely to be bought in the same quantity even if it doubled in price
Definition1/13

Salt

Term1/13
What is the answer for this problem Tim bought three CDs Each cost 12.99 what was the cost of the three CDs
Definition1/13

12.99 x 3 = 38.97

Price of CD x number of CDs = Cost of three CDs

Term1/13
What is an example of scarcity rather than shortage
Definition1/13

A person wants an endless supply of everything but cannot have it.

Term1/13
Should all college students be required to study abroad for a semester
Definition1/13

Type

Term1/13
What decisions are made at the margin when each alternative considers
Definition1/13

Where the most costly alternative will be

Term1/13
The term normal goods refers to what kind of goods
Definition1/13

Goods that consumers demand more of when their incomes increase

Term1/13
Which is not a type of decision that can be made at the margin
Definition1/13

A) wheather of not to hire 100 new workers

Term1/13
As the price of a slice of pizza increases would most likely happens to the quantity demand it
Definition1/13

Ashley will buy two fewer slices of pizza.

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Cards in this guide (13)
What did the US Supreme Court rule in Furman v Georgia

In Furman vs. Georgia the court ruled that all existing death penalty laws violated the constitution.

How did the existence of the baby boom generation change demand in the US

demand was raised for different goods with each age of the baby boomers reached.

V-cube 7 or megaminx

megaminx

What are the types of supply elasticity
Types of elasticity of supply

1) Perfectly elastic supply

2) Relative elastic supply

3) Unitary elastic supply

4) Relatively in elastic supply

5) Perfectly in elastic supply

What is deciding whether to do or use one additional unit of some resource

Thinking at the margin... i think

Which product would be likely to be bought in the same quantity even if it doubled in price

Salt

What is the answer for this problem Tim bought three CDs Each cost 12.99 what was the cost of the three CDs

12.99 x 3 = 38.97

Price of CD x number of CDs = Cost of three CDs

What is an example of scarcity rather than shortage

A person wants an endless supply of everything but cannot have it.

Should all college students be required to study abroad for a semester

Type

What decisions are made at the margin when each alternative considers

Where the most costly alternative will be

The term normal goods refers to what kind of goods

Goods that consumers demand more of when their incomes increase

Which is not a type of decision that can be made at the margin

A) wheather of not to hire 100 new workers

As the price of a slice of pizza increases would most likely happens to the quantity demand it

Ashley will buy two fewer slices of pizza.

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