Monday, January 17, 2011

Honors Business Economics: HW for the Week

Tuesday HW
1. p. 129, Reading Check, Analyzing, Why does the production function represent short-run production?
2. p. 130, Reading Check, Interpreting, What is unique about the third stage of production?
3. p. p. 131, #1-2

Wednesday HW
1. p. 134, Reading Check, Analyzing, If a firm's total output increases, will the fixed costs increase? Explain.
2. p. 135, Reading Check, Contrasting, What are the differences between an e-commerce store and a traditional business?
3. p. 137, Reading Check, Summarizing, Why do people, especially business owners, use marginal analysis?

Thursday HW
1. p. 140, #1-10
2. p. 140, #19-20

Friday HW
1. p. 140, #21-23