state of technologie.the output will change when the quantity of any input is change. In real life a manufacture wants to know how much of the various factors or inputs that is land‚ natural resources‚labour and capital will be required to produce a unit or a given quantity of a commodity during a given period of time. It is necessary for him (manufacture) to know this so that he may be able not only to asset his requirements of productive services but also roughly to estimate probable cost. Since
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Unit 3: Care Routines Routines Bedtime 1) Lay out the pillows 2) Cover the pillows with a sheet 3) Lay children down‚ top and tail 4) Give the children individual blankets Nappy Changing 1) Collect child’s individual wipes and nappy 2) Put on an apron and pair of latex gloves 3) Put down the changing mat 4) Call the child to be changed 5) Lay down the child and remove their trousers 6) Wipe the child if necessary 7) Put the dirty nappy into a nappy sack 8) Put a fresh nappy onto the
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Reanna Gallagher BMC121336065 Sara Dudley Unit 3: Health‚ Safety and Security ‘Carry out a risk assessment in a health and social care setting. Assess hazards and make recommendations to minimise risks.’ Hospital Activity Hazard Likelihood Severity Controls. How can these hazards be avoided Cooking/ food preparation Someone could cut themselves whilst cutting veg. 2 1 To avoid injuries all staff should be properly trained on how to use the equipment appropriately and how to deal with an injury
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Microeconomics Economics is the study of allocation of scarce resources 1) Chapter One: The Principles of Microeconomics a. Four resources: Land‚ Labor‚ Capital (machinery)‚ Entrepreneurship (human capital) b. Principle #1: People face trade-offs‚ government also faces them‚ the main one the gov. faces is efficiency vs. equity i. Efficiency is when everyone who makes the most‚ keeps the most money ii. Equity would be if everyone was taxed the same
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production per tire was $50. Each tire sold for a price of $65. Trevor’s Tire Company’s total costs are a. | $7‚500. | b. | $25‚000. | c. | $32‚500. | d. | $67‚500. | 3. When adding another unit of labor leads to an increase in output that is smaller than the increases in output that resulted from adding previous units of labor‚ the firm is experiencing a. | diminishing labor. | b. | diminishing output. | c. | diminishing marginal product. | d. | negative marginal product. | Exercise
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understand how to measure it. Review Questions 1.1 Price elasticity of demand = (percentage change in quantity demanded)/(percentage change in price). It isn’t measured by the slope of the demand curve because the slope depends arbitrarily on what units you are using. Slope will change by a factor of 100 if you use cents instead of dollars‚ for example. Or‚ for another example‚ consider six-packs of soda versus cans of soda: If the price drops by $1.00 per six-pack and this causes quantity demanded
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differences between microeconomics and macroeconomics‚ although‚ at times‚ it may be hard to separate the functions of the two. Microeconomics and macroeconomics are the two major categories within the field of economics. Microeconomics is the branch of economy‚ especially such topics as markets‚ prices‚ industries‚ demand‚ and supply. Microeconomic concentrates on the difficulties of the markets for services and goods‚ and how the price affects the growth of the markets (Microeconomics 2000-2010). Microeconomics
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* LO2.1‚2.3 compare different leadership styles used in selected organization and assess similarities and dissimilarities of management style applied in such organization * INTRODUCTION * .Define the leadership and leadership styles. * Define the leadership Leading is the process of influencing people to work towards a common goal. The essence of leadership dynamic process in a team where one individual influence the others to contribute voluntarily to the achievement of group task
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work questions Define the following 1. Costs in economics are those things that must be given up in order to have something else. 2. Revenues are the income earned from a firm’s sale of its good or service to consumers in the product market. 3. Profit is the difference between a firm’s total revenues and its total costs. 4. Explicit costs are the monetary payments that firms make to the owners of land‚ labor‚ and capital in the resource market. (i.e. rent‚ wages and interest respectively)
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VCE Psychology Unit 3 Notes. Covering consciousness and memory Consciousness Chapter 2 -‐ States of Consciousness • OVERVIEW Concepts of normal waking consciousness and altered states of consciousness including daydreaming and alcohol-‐induced‚ in terms of levels of awareness‚ content limitations‚ controlled and automatic processes‚ perceptual and cognitive distortions‚
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