Applied Problem 3 - 1 Chapter 5: Applied Problem 1 Bridget has limited income and consumes only wine and cheese; her current consumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle‚ and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget’s utility‚ while the last pound added 40 units. a) Is Bridget making the utility-maximizing choice? Why or why not? In simplest terms wine is 50 units/$10 = 5 and cheese is 40
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theorem. This can derived from: W=Fdx equation 1 W=maxdx where ax=vdvdx W=mvdvdxdx=mvdv W=v1v2mvdv =12mv22-12mv12 =K2-K1 W=ΔK equation 2 For a body moving along s ‚ displacement with a constant force F‚ work can be defined as: W= F . s equation 3 The SI unit for work is J‚ Joule which is equal to 0.7376 ft.lb in British System. For instance that F is not parallel to displacement‚ only the component parallel to the displacement can only affect
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TV and Fictions: Viewing Log Deal or No Deal Airtime: Thursday 21st February 2013 (4pm) My scene is from ‘Deal or No Deal’ (Channel 4‚ 2013) [1]‚ a game show where the contestant has the chance to win a maximum of £250‚000. I will be analysing the opening five minutes of the programme. In this small scene the following themes are explored; class‚ community and rituals. From the book ‘Come on Down? Popular media culture in post-war Britain’‚ it is said that game shows ‘have always had
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How people deal with their loneliness‚differ; they have differents ways to overcome it. Some people don’t mind being lonely‚ but others can’t stand it. In the stories‚ “The Model” and Miss Brill” we can see the similarities and the differences in the way loneliness affected the main characters in lifestyle‚desire‚and feelings. At first sight‚ in their lifestyles‚ Miss Brill and Mr. Elihu are characters of the stories about loneliness and relationship problems. Having no particular friends to communicate
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Growth rates and how to calculate them. Growth rates can be tricky to calculate and interpret and many people get confused. So here’s how to get ahead of everyone. Let’s start with a time series where we know the answer. In the example below‚ X starts at 100‚ grows 3%‚ then falls back again‚ then grows 3% again. So over the three years‚ it has grown from 100 to 103. 1 Year 2000 2001 2002 2003 Average CAGR 2 3 4 X Growth X DlnX 100 103 0.03 0.0295588 100 -0.0291262 -0.0295588 103 0.03 0.0295588
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1. What business and social problems does data center power consumption cause? Data center power consumption economically affects businesses and environmentally affects society. Operating costs for data centers is very expensive. In the article‚ "Ubiquitous Green Computing Techniques for High Demand Applications in Smart Environments‚" the total operating costs‚ concerning electricity‚ of all data centers within the U.S. alone exceeded 7 billion dollars in 2010 (Ayala‚ J.‚ Moya‚ J.‚ Risco-Martín
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for the next millennium. Virtue 1: Lightness The Six Memos for the Next Millennium include: Lightness‚ Quickness‚ Exactitude‚ Visibility‚ Multiplicity and Consistency. Without wanting to push the issue‚ several of these values for literature can be - with due corrections - transferred to the domain of design. A literal transfer certainly would be naive and inappropriate. But parallels and affinities seem to exist. For instance‚ when Calvino defines Lightness as the attempt to remove weight
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independent of their respective goals‚ may have unusual manner toward threat. In another words‚ it can be also say as branch of financial economics that looks at clash of interest between people with different interests in the same asset. Agency speculation is infrequently of direct significance to portfolio investment judgment. It is used to by financial economists to form very imperative feature of how assets markets function. Yet‚ shareholders get a better considerate of market by being conscious
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exports and domestic demand. Still‚ it may take longer for emerging countries to return to high growth‚ because the financial system in the developed world is still at risk of turmoil‚ the bank said‚ highlighting the difficulty all countries face in shaking off the global slump. “A return to stronger economic expansion in China next year should help support growth among the countries of the East Asia and Pacific region‚” the World Bank said in its East Asia Update report. “But a sustainable
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Problem Set #3: Edited Version Page 100 – Problems and Applications 1. The three functions of money are medium of exchange‚ unit of account‚ and store of value. Medium of exchange refers to money being accepted as everyday currency‚ that you can go into a store and be confident in the fact that they will accept your money for goods and services. Store of value is defined as the ability of money to retain its value of time; in other words‚ $100 today will be $100 tomorrow‚ next month or 6
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