Summer2011-Microeconomics-Exam Two Practice 1. To calculate the total utility of consuming N products: A. add the additional satisfaction of consuming each product up to N and multiply by its price. B. add the total satisfactions of consuming each product up to N. C. multiply the additional satisfaction from consuming the Nth product by its price. D. multiply total satisfaction from consuming N products by N. 2. Suppose that the following table lists the utility that Steve receives from consuming oranges at 50
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International Money Transfer in Nigeria (Kester Osahenye) Introduction With an estimated 145 million inhabitants (Nigerian Population Census December 2006)‚ Nigeria is unarguably the most populous country in Africa. Since the emergence of the nascent democracy‚ Nigeria now plays a pivotal role in African migrations. As Africa’s economic giant‚ Nigeria has also become increasingly involved in international migration to Europe‚ the US‚ the Gulf countries and South Africa. Yet Nigeria is a source
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CHAPTER 13: Transfer & Problem Solving Vocabulary * Transfer: When something you learn in one situation affects how you learn or perform in another situation. * Problem Solving: Knowledge and skills you have previously learned to solve a problem. * Positive Transfer: When learning in one situation facilitates learning or performance in another situation. * Negative Transfer: When something learned in one situation hinders a person’s ability to learn or perform in a second situation
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A phase transfer catalyst or PTC in chemistry is a catalyst which facilitates the migration of a reactant in a heterogeneous system from one phase into another phase where reaction can take place. Ionic reactants are often soluble in an aqueous phase but insoluble in an organic phase unless the phase transfer catalyst is present. Phase transfer catalysis (also PTC) refers to the acceleration of the reaction by the phase transfer catalyst. Phase transfer catalysts for anion reactants are often
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thick layer of insulation (ki = 0.085 W/m.K) and carrying a superheated steam at atmospheric pressure is suspended from the ceiling of a large room. The steam temperature entering the pipe is 120 oC‚ and the air temperature is 20 oC. The overall heat transfer coefficient on the outer surface of the covered pipe is 10 W/m2.K. if the velocity of the steam is 10 m/s‚ at what point along the pipe will the steam begin condensing and what distance will be required for the steam to reach a mean temperature
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Price Differentiation vs. Price Discrimination Price differentiation and price discrimination: two terms used in Marketing and Economy. First of all‚ it is appropriate to make an accurate definition for both of the terms. Price differentiation is a pricing strategy that “charges different segments of customers altered prices for the same products or services.” Likewise‚ we can meet with the same definition if we look for price discrimination definition. Then‚ is there a difference between price
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M2- Compare and contrast the methods of law making Before any law and acts are made‚ there is a long procedure in the process of it being passed. If there are new laws it usually is chosen by majority decision usually in courts or the parliament. For example‚ the executive or the government form laws in the House of Commons by setting out bills. Sometimes it may come from their election mandate in order to be chosen‚ for example recently how labour vowed to ban fox hunting which can be shown as
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Laura Johnson Oliver O. Howard - the Union general who in 1865 became the first head of the Freedmen’s Bureau Andrew Johnson - the man from Tennessee who was added as Lincoln’s running mate in 1864 to sew up the election by attracting War Democrats and the Border States Alexander Stephens - ex confederacy president‚ was indicted for treason but let out as Christmas present. Served in congress. Thaddeus Stevens - the crusty Pennsylvania congressman who led the radical Republicans during Reconstruction
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Price / Earnings Ratio Q1: (Introductory) What three alternative measures of the price-earnings ratio (P/E ratio) are described in this article? Answer: Following are three price-earnings ratio described in the article: 1. P/E ratio 2. “Forward” P/E ratio 3. “Trailing” P/E ration Q2: (Advanced) Which of the three measures matches the definition of the P/E ratio given in your textbook? Explain your answer. Answer: Books has only discuss the simple P/E ratio‚ PE ratio measures how much investor
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Semantic transfer hypothesis According to the semantic transfer hypothesis‚ the semantic content residing in L2 word is transferred from their L1 translations. A clear understanding of the process is required for any attempt to develop a theory of vocabulary acquisition. One of the issues that has received the most attention is how the two languages of bilingual speaker are connected to each other and to conceptual representations. It is often assumed that L2 learners acquire new meanings while
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