Economics for Managers

Kazakhstan Institute of Management, Economics, and Forecasting

Summer, 2001

Graphing Exercise

In groups of two or three, graph the following relationships:

  1. At maximum acceleration from 0, a car’s speed over time.
  2. Your expected grade in Economics over your average study time per day.
  3. Combinations of ice cream and cola you can buy with 500 tenge.

In your graphs, where do you see examples of—

4. Opportunity Cost?

5. Diminishing Returns?
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