I. PPF: Production Possibilities Frontier A. Scarcity B. Tradeoffs C. Growth D. Efficiency E. Opportunity cost F. Models are simplified versions of reality 1. Making some unrealistic assumption II. PPF Model A. Only 2 goods: computers and cars (don’t care about the cost yet) B. Resources and technological levels are constant C. Downward slope D. Moving to the right‚ more cars‚ less computers 1. Scarcity: more for one good‚ less for the other 2. Tradeoffs: not both‚ only either or E
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Multiple-Choice & True/False 30 Multiple-Choice and True/False questions. Please highlight the correct answer. Once completed submit it as an attachment to the Assignment Link: 1. The insight that both parties must be benefiting if they freely agreed to make a trade is known as the fundamental theorem of exchange. True 2. In a two-party transaction‚ consumers make up the demand side‚ while sellers make up the supply side. True 3. A recent study showed that 86% of those who filed for bankruptcy
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Deterministic techniques assume that no uncertain exists in model parameters. A: True An inspector correctly identifies 90% of the time. For the next 10 products‚ the probability that he makes fewer than 2 incorrect inspections is .736. A: Use Binomial table to discover ‚ add 3 probabilities for 0‚1‚2 A continuous random variable may assume only integer values within a given interval. A: False A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes and branches
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logical fallacy- logic of your topic deductive-general to specific inductive- specific to general syllogism- structure for reasoning fallacies- error in reasoning adhominem fallacy- statement that attempts to counter an arguement slippery slope fallacy- statement that attacks an arguement by taking it to such un extreme taht if appears ludicrous either/or fallacy- two alternatives and falsely suggest that one is rejected‚ the other must be accepted false cause fallacy-asserting that if an event
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1.*A decrease in total plasma volume results from the: antidiuretic hormone mechanism 2. *A hematocrit of 56% would be an indication of: polycythemia 3. *A hematocrit value of 38 ml/ 100 ml of blood would be: in the low normal range for a woman 4. *A normal adult red blood cell count ranges from: 4.2 to 5.8 million/ cubic mm 5. *A person with thymus malfunction would: produce fewer T cells‚ thus reducing the effectiveness of the immune system. 6. *After birth‚ the umbilical vessels remaining
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Mr.Gross AP world 10-21-13 ABC Clio Activity Islamic account 1. How does each account portray the enemy? They don’t really describe them well but as a fierce fighting force. 2. What explanations‚ if any‚ do you see for the success of the Muslims? As Muslims would say they had the help of Allah They fiercely fought 3. How did they treat their conquered enemies? Jews? Christians? The Muslims treated both Jews and Christians friendly 4. How were Muslims perceived by Jews and Christians
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Decision Making Rational decision is a state of being agreeable to reasons. The correct decision is not just reasoned but it is also optimal for solving a problem. Mr Weekes‚ the operation manager‚ employed series of analytical steps to review possible outcomes for problems by discussing it with managers to come up withdevise particular courses of action. Step1: Define the problem Ms. Wood replied to Mr. Barker “How would you know what the problem is…Our department always has to take blame for
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Number of questions Objectives Focus of studying 3 MC 1.1 Differentiate the roles and responsibilities of the athletic trainer from other medical and allied health professionals. Role of ATC’s‚ team physicians and the sports medicine team 4 MC 1.2 Explain the regulatory agencies for athletic training and the guidelines for certification and licensure. Continuing education Organizations for AT’s (Ex. NATA‚ BOC‚ CAATE‚ etc.) 1 MC 1.3 Examine the history‚ role‚ and functions of the National
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PLT COLLEGE‚ Inc. Bayombong‚ Nueva Vizcaya COLLEGE OF HOSPITALITY AND TOURISM MANAGEMENT Name: ________________________________ Class Schedule:____________ Score: ______ TEST I. MULTIPLE CHOICES: Select the best answer. Shade the circle that correspond the letter of your answer. (Management & Culture) 1. Which of the following events has the great advantage to the trends of restaurant sales? a. Valentine’s Day b. Stormy days c. Easter Friday d. Holy Friday 2. Total required
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1. Question : (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of Larden Corporation for the just-completed year. Sales $950 Purchases of raw materials $170 Direct labor $210 Manufacturing overhead $220 Administrative expenses $180 Selling expenses $140 Raw materials inventory‚ beginning $70 Raw materials inventory‚ ending $80 Work-in-process
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