tecep test description for eco 112 te microeconomics this exam assesses students knowledge of how people manage their limited resources it also evaluates students understanding of the how individual households ...
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...Tecep test description for eco te microeconomics this exam assesses students knowledge of how people manage their limited resources it also evaluates understanding the individual households and firms make decisions interact credits format multiple choice questions point each passing score points your grade will be reported as cr credit or nc no time limit hours outcomes assessed on explain role economics plays in tradeoffs organizations identify relationship trade including comparative absolute advantage to made by domestic describe importance market forces they determine demand supply versus elasticity determining pricing firm differences between producer surplus consumer taxation define marginal utility total diminishing private common public goods productivity different costs production various structures characteristics effects structure economic accounting profit discrimination labor thomas edison state university is licensed under a creative commons attribution noncommercial inte...