Principles of Macroeconomics / Microeconomics Your Name:___Yurui Yao_____________________ Instructor: Jim Borer‚ MBA Homework Assignment #3 due by 11:59 PM on February 7 (100 points) Part 1: Answer the following multiple choice (MC) questions (you may highlight‚ bold‚ or enter a letter in the blank – 2 points each): 1. __D____ If the price of a sub sandwich increases by 2% and the quantity demanded falls by 5%‚ then there will be a. an increase in the price elasticity of demand. b. an increase
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Unit 2: Reading Sciences This Unit Activity will help you meet these educational goals: 21st Century Skills—You will employ online tools for research and analysis‚ use critical-thinking and problem-solving skills‚ and assess and validate information. Introduction Science is an integral part of our daily lives. Regardless of the career you pursue‚ you need to have sound knowledge of the sciences to be a responsible global citizen of the twenty-first century. Such knowledge will help you understand
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SSCI206-1301B-28 Aspects of Psychology AIU Online March 30‚ 2012 Abstract Since the origin of psychology‚ all thoughts and terms have changed many times. With every new psychologist comes a new way of thinking and learning from our experiences and surroundings. We live to survive and the brain adapts with this and learns many new ways to keep the body going. This paper will analyze three early perspectives of psychology and give examples of how they co-exist and also how much they are different
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Week 5 Assignment 2 1. Which of the following types of LANs was a competitor of Ethernet LANs from the earliest days of wired LANs in the 1980s and into the 1990s? c. Token Ring 2. Which of the following types of LANs is the strongest competitive option to be used instead of Ethernet LANs today? d. 802.11 LANs 3. Which of the following speeds are not defined as a speed by some Ethernet LAN standard? b. 4 Gbps 4. Think back to the information listed for Gigabit Ethernet for maximum cabling distances
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HERMES OUTSTRIPES DEMAND AND SUPPLY Based on Bloomberg article by Andrew Roberts‚ November 4 2011 Hermes wanted to build two more factory because they reach their full target until 4 November and since they know they quantity demand will always increase‚ their goal in 2012 to raise the quantity demand until 14 percent. They think Europe debt crisis would not effect their selling on 2011. They are thinking about increasing the price of their product due to the increase price for raw materials
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of producers. WHAT ARE FACTORS OF PRODUCTION? LIST AND EXPLAIN THE FOUR FACTORS OF PRODUCTION. Factor of production is defined as the available resources an individual or business use to further the production of other consumable products. 1. LAND. 2. LABOUR 3. CAPITAL 4. ENTERPRENEUR LAND: It is the economic resources encompassing natural resources found within a nation. LABOUR: Labor represents the human capital available to transform raw resources to consumable goods. CAPITAL: It is referred
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Analysis 3: Strategies for Profit Maximization in the Market of Fuel-Efficient Cars “In the past‚ nothing slowed down strong car sales faster than a spike in gasoline prices.” Gasoline and normal cars are strong complements because gasoline is necessary for cars to operate and forms the large bulk of the cost of owning a car. The quantity demanded for cars decrease more than proportionately to the increase in prices of gasoline. “These days‚ consumers simply switch to more fuel-efficient
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Buffer stock scheme: is an attempt to use commodity storage for the purposes of stabilizing prices in an entire economy or‚ more commonly‚ an individual (commodity) market Commodity: a raw material or primary agricultural product that can be bought and sold‚ such as copper or coffee. Commodity agreements are international agreements designed to stabilise commodity prices in the interest of producers and consumers. Cross price elasticity Demand: The quantity of a good buyers wish to purchase
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Over a hundred thousand jobs the U.S. economy has created in the past ten months. It is still below the two hundred thousand needed to drastically bring down the unemployment rate‚ which is around eight percent. The positive we have is income and consumption and GDP growth‚ but it is still growing below trend rates. The housing market still shows little to no sign of life. The high prices of oil are presenting a significant headwind in the U.S. economy. The Federal Reserve still try’s to stimulate
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Domain 2 Belief Statement Professional Practice As a teacher it is my responsibility to create a safe learning environment where my students feel confident and are equipped to achieve their learning goals (Australian Institute for Teaching and School Leadership [AITSL]‚ 2014). I see it as an amazing challenge to make learning interesting and school a place my students want to be. When planning learning experiences for my students I need to consider the five dimensions of teaching and learning;
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