Slide 1Scarcity Slide 2 Shortage Slide 3 Capital Slide 4 Physical capital Slide 5 Human capital Slide 6 Opportunity cost Slide 7 Standard of living Slide 8 Traditional economy…
Slide 1Today we are paper boxing. Get out a sheet of paper. Fold it so you have four boxes on the front. If you have time, write these titles in the boxes: Why Economics?,…
Slide 1BEC REVIEW 1.Explain relationship between scarcity and choices 2.Differentiate between positive & normative 3.Differentiate between price and cost 4.Explain the…
Slide 1The Foundation of Economics Obj: 1. Students will understand how scarcity drives all decision-making 2. Students will understand opportunity cost and how it is calculated…
Slide 1Chapter 6: Production and Costs economic costs & profits short run long run economic costs & profits short run long run Slide 2 big picture understand behavior…
Slide 1 Business Analysis of Dairy Practice OABP Fall CE Meeting November 17, 2011 Dick Ward Bright, Ont. Slide 2 Business Analysis of Dairy Practice History History Key…
Slide 1 Economic Benefits of Balancing Area Consolidation By Todd Ryan Graduate Student Researcher and Ph.D. Student Dept. of Engineering and Public Policy Advised by Paulina…