QUIZ ON CHAPTERS 9 AND 10 PLUS MR. SIMON’S TALK AND JASON TYLER’S TALK.

1. What was the point of Mr. Simon’s game of four “As”?

2. What is value investing? Does it make sense to you? Why?

CHAPTER 9

1. Be able to draw 9-2b and explain the shapes and relationships between MC, ATC, and AVC curves.

2. In graph 9-1b why would most companies operate between 4 and 7.5 workers?

CHAPTER 10

1. Be able to draw and explain 10-1B.

2. What are the economies of scope? Cite an example of a company where this might apply.

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