Do Now for Monday, February 13

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Presentation transcript:

Do Now for Monday, February 13 QBA Review! On Tuesday afternoon, Jim stopped by the store on his way home from work. He got a parking spot near the door, he paid $1.50 for a large coffee, and he bought a lottery ticket for one dollar. Later that evening, Jim found out that he won $10,000 in the lottery. The allocation strategies associated with Jim on Tuesday include Authority, price and personal characteristic First come/First Serve, Price and random selection Price, random selection and personal characteristic Personal characteristic, random selection and authority

ANSWER for Monday, February 13 QBA Review! On Tuesday afternoon, Jim stopped by the store on his way home from work. He got a parking spot near the door, he paid $1.50 for a large coffee, and he bought a lottery ticket for one dollar. Later that evening, Jim found out that he won $10,000 in the lottery. The allocation strategies associated with Jim on Tuesday include Authority, price and personal characteristic First come/First Serve, Price and random selection Price, random selection and personal characteristic Personal characteristic, random selection and authority

Do Now for Valentine's Day, February 14 QBA Review! Josh is studying for his upcoming economics test longer than he normally spends. He realizes that by spending an extra hour studying for the test, he will score five points higher. He also realizes that for each extra hour spent on studying, he is losing an hour of sleep. When determining whether to spend an extra hour sleeping or studying, Josh is engaged in what economic activity? Market Transactions Marginal Analysis Bartering Trade Negotiations

ANSWER for Valentine's Day, February 14 QBA Review! Josh is studying for his upcoming economics test longer than he normally spends. He realizes that by spending an extra hour studying for the test, he will score five points higher. He also realizes that for each extra hour spent on studying, he is losing an hour of sleep. When determining whether to spend an extra hour sleeping or studying, Josh is engaged in what economic activity? Market Transactions Marginal Analysis Bartering Trade Negotiations

Do Now for Humpday, February 15 Qba Review! By making donations to most charitable organizations, under the current tax codes, people can receive deductions on their tax liabilities. This is an example of Negative Incentives Positive Incentives Scarcity Productivity

ANSWER for Humpday, February 15 Qba Review! By making donations to most charitable organizations, under the current tax codes, people can receive deductions on their tax liabilities. This is an example of Negative Incentives Positive Incentives Scarcity Productivity

Do Now for TGIFday, February 17 Qba Review! Tamara wants to get a promotion at work. Determine which of the following steps will best help Tamara achieve her goal. Increase her number of capital investments Pay for subsidies Better assess his opportunity costs Invest in additional training

Do Now for TGIFday, February 17 Qba Review! Tamara wants to get a promotion at work. Determine which of the following steps will best help Tamara achieve her goal. Increase her number of capital investments Pay for subsidies Better assess his opportunity costs Invest in additional training