Transcript Computer Jeopardy

Assignment :
Jeopardy (25 notes)
Mr. Robinson
Chapter 4 + 5
KOBE
GASOL
ARTEST
FISHER
ODOM
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$100
A ________ curve is a
graphic
representation of a
demand schedule.
(82)
A demand curve is a
graphic
representation of a
demand schedule.
(82)
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$200
A substitute is…
(88)
A substitute
is… (88) a good
that replaces
another good.
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$300
A _______ good is
one that consumers
will demand MORE
of when they make
MORE money (86)
A normal good is one
that consumers will
demand MORE of
when they make
MORE money (86)
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$400
A good that is
always used with
another good is a
_________. (88)
A good that is
always used with
another good is a
complement (88)
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$500
Total revenue is the
amount of _______ a
company receives for
selling goods and
services (95)
Total revenue is the
amount of money a
company receives
for selling goods
and services (95)
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$100
The law of ______ is the
tendency of suppliers
to offer more of a good
for a high price. (101)
The law of supply is
the tendency of
suppliers to offer
more of a good for
a high price. (101)
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A _____ tax is a
payment to the
government on the
production of certain
goods. (118)
An excise tax is a
payment to the
government on the
production of
certain goods. (118)
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A ______ is a
government payment
that supports a
business or market.
(117)
A subsidy is a
government payment
that supports a
business or market.
(117)
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________ revenue is
the additional income
from selling one more
unit of a good. (112)
Marginal revenue is
the additional
income from selling
one more unit of a
good. (112)
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$500
When a person is
able and willing
to buy
something, they
create _______.
(79)
When a person is
able and willing to
buy something, they
create demand (79)
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$100
Inferior goods are…
(87)
Inferior goods are…
(87) things you buy
less of as you make
more money
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If future price is
expected to rise, current
demand will ______.
If future price is
expected to rise, current
demand will rise.
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$300
Which good has an
inelastic supply (104):
Apples, hats,
beanbags,
toothbrushes
Which good has an
inelastic supply
(104):
Apples
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$400
_____ has the greatest
influence on elasticity of
supply.
Time has the greatest
influence on elasticity of
supply.
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$500
How is profit determined?
How is profit determined?
Total revenue – total cost = profit.
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$100
If I was a farmer and I
knew the price of my
wheat I was selling
would go up next
month, I would… (119)
If I was a farmer and I
knew the price of my
wheat I was selling
would go up next
month, I would… store
it and sell it next
month (119)
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_______ cost is the
cost of making one
more unit of a good.
(111)
Marginal cost is the
cost of making one
more unit of a good.
(111)
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$300
Elasticity of _______
shows how people
change their buying
patterns when prices
change. (79)
Elasticity of demand
shows how people
change their buying
patterns when prices
change. (79)
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$400
The US is a
_______
economy. (79)
The US is a
market economy.
(79)
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$500
A market ______
schedule is a chart
that shows how
much of a good all
suppliers will offer at
different prices. (103)
A market supply schedule is
a chart that shows how
much of a good all suppliers
will offer at different prices.
(103)
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What does it mean
when demand for a
product is inelastic?
(90)
What does it mean
when demand for a
product is inelastic?
(90)
People will still buy
just as much, no
matter what the price. Back to
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$200
Marginal is a
synonym for
_________.
Marginal is a
synonym for
additional.
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What is an example
of using technology
to lower production
costs? (117)
What is an example of
using technology to
lower production costs?
(117)
Using machines to sew
backpacks instead of
people.
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$400
How many days of
the year are you in
school?
How many days of
the year are you in
school?
180
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$500
What was the final
score of last night’s
Dodger-Phillies
game?
What was the final score
of last night’s DodgerPhillies game?
5–4
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