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FlipIt Econ
DEMO with data | Microeconomics Macmillan Learning
Unit 7: Prelecture / Bridge / Problems /

Problems: Supply 1

Once students have completed Prelectures and Bridges, instructors can assign Problems as either Practice or post-lecture homework.

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Deadline: 100% until Wednesday, November 18, 2015 at 11:00 PM
1) Supply

1) The supply curve slopes up and to the right because:

a) producers feel that people will buy more if they charge a higher price because they will think the product is more valuable.

b) producers feel that people will buy more if they charge a higher price to avoid the possibility of a shortage.

c) due to increasing opportunity costs, producers must charge more to produce more in order to cover their costs.

d) the opportunity cost of producing a product usually decreases as more is produced.

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Graph

Right Answer:
C
2

Each unit has between 30-50 Problems. All non-definitional problems feature video feedback provided by the authors themselves.

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Feedback: Correct, supply curves have a positive slope because costs of production increase as output increases.

Wrong Answer:

A

Feedback: Supply curves have a positive slope because costs of production increase as output increases.

Wrong Answer:

D

Feedback: Supply curves have a positive slope because costs of production increase as output increases.

Wrong Answer:

B

Feedback: Supply curves have a positive slope because costs of production increase as output increases.

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Mastery Item Cluster

1) Supply (5)

Score Threshold: 100.0
Seeding: Random

Standard Exercise

1) Supply

Standard Exercise

1) Supply

Standard Exercise

1) Supply

Standard Exercise

1) Supply

3

FlipIt Problems appear in Mastery Clusters, where each cluster covers a single topic. Students do not receive credit for the cluster until they answer a question in the cluster correctly, making it easy for students to see which topics they are struggling with.

Resources ยป

Master Item Cluster

2) Movements Along the Supply Curve: Changes in Price and Quantity Supplied (5)

Score Threshold: 100.0
Seeding: Random

Mastery Item Cluster

3) Movements Along the Supply Curve: Changes in Price and Quantity (graphs)(5)

Score Threshold: 100.0
Seeding: Random

Mastery Item Cluster

4) Factors Causing Supply to Shift(5)

Score Threshold: 100.0
Seeding: Random

Mastery Item Cluster

5) Factors Causing Supply to Shift (graphs)(5)

Score Threshold: 100.0
Seeding: Random

Mastery Item Cluster

6) Factors Causing Supply to Shift: Taxes and Subsidies(5)

Score Threshold: 100.0
Seeding: Random