Economics formulas pdf
[DOC File]AP Macroeconomics Formulas and Definitions:
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Key Formulas. Rule of 70: Used to determine how many years it takes for a value to double, given a particular annual growth rate. For example, if you put $20,000 in the bank and it earns yearly interest of 7%, then it will take 10 years (70/7) for your income to double.
Who Works With Formulas
Who Works With Formulas? Key Topics. Economics. Career Information. SCANS. Information. Resources. Standards. Number, Number Sense and Operations Standard: Solve multi-step problems and interpret results. Activity. For this activity, students learn to use a variety of formulas …
[DOC File]Worksheet #8 Equilibrium Calculations
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Title: Worksheet #8 Equilibrium Calculations Author: Dave Shoesmith Last modified by: Windows User Created Date: 12/1/2014 5:11:00 PM Company
[DOCX File]secure.web
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Again, you are welcome to hand-draw any graphs or hand-write any mathematical formulas in your answer. Do not assume that I “know what you mean” in your analysis. Be very specific with your assumptions. Keep your analysis pointed – I don’t need a brain dump, but I do need to assess your understanding and knowledge in the area of economics.
[DOC File]CHAPTER 7
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Using these formulas in the cost-minimization rule, we obtain:. The new plant should accommodate a capital to labor ratio of 1 to 2. Note that the current firm is presently operating at this capital-labor ratio. 9. The short-run cost function of a company is given by the equation TC=200+55q, where TC is the total cost and q is the total ...
[DOC File]Sample Test Questions -- Test 1 - University of Florida
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Formulas given on exam. res= obs y – pred y . P(A and B) = P(A) P(B) P( A | B) = P( A and B) / P(B) Here is a stemplot of the scores of Bob the Bowler’s last 18 bowling games, made by Minitab. Use this graph for questions 1-3. Stem-and-leaf of Bowling N = 18. Leaf Unit = 1.0. 1 9 4. 1 10 . 1 11 . 2 12 8 ...
[DOC File]New Chapter 3
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In economics, the word “marginal” refers to an instantaneous rate of change. In other words, marginal refers to the derivative. For example, if C(x) is the cost function, is called the marginal cost function. The marginal cost reflects how the cost changes in response to a one unit change in the production.
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