mutual gains from voluntary trade require differences in this
opportunity costs
what are the foods of the gods
nector and ambrosia
the point that is directly overhead
what is the zenith point
the income received by a person providing labour services is called this
wages
Newton invented the reflecting telescopes to replace the refracting telescopes. The refracting telescopes used glass lenses and the Newtonian telescopes used this.
what is mirrors
what is the relationship between these two products if a rise in the price of product A causes the demand for product B to decrease
complements
who is agamemnon's father
atreus
if you were standing at the north pole, this star would be at the zenith point
what is polaris
this means raising the price to customers with inelastic demand
price discrimination
Newton concluded that the Earth and Moon orbit around this point
ayce buffet restaurants charge a fixed fee for eating. with each plate that Tom eats, he experiences this kind of benefit
decreasing marginal benefits
stealing this woman caused the Trojan war
who is Helen
the line goes through the Royal Observatory in Greenwich, UK
what is the prime meridian
this is a group of suppliers agreeing to raise the price of their products
what is a cartel
In the 1660's, a group of rich affluent people in London because scientific advisors to the English monarchy. Robert Hooke was their curator of experiments. What was the group called?
Royal Society
this problem exists because excluding people from consuimg the product or service is too costly
what is the free-rider problem
after killing him, Achilleus dragged his corpse around on the back of the carriage
who is hektor
the name of this phase of the month
what is third quarter
this equals total revenue minus total costs
what is profits
Newton invented this type of math which helped him derive the equations that describe the motion of the planets
rents are determined by this
demand
zeus swallowed his pregnant wife, Metis, and after a raging headache, he 'gave birth' to this woman through his forehead
who is athena
what is the geocentric model
the English phrase "let the buyer beware" is often translated in to Latin as this
caveat emptor
This comet is named after the astronomer who concluded that it orbits elliptically around the sun and reappears every 76 years. We will see it next in 2062.
Halley's comet (Edward Halley)