DATE: November 6‚ 2013 Question 1: At the Portland Fish Exchange‚ each day some amount of cod is brought to market. Supply is perfectly inelastic at that amount. How much cod is caught and brought to market varies day to day. Assuming the demand curve does not vary over time‚ use a supply and demand diagram to illustrate how the price is determined on different days. Explain how this process allows us to identify different points on the demand curve. Question 2: Consider the CEO compensation
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with the economic effects of reintroduction. ● Ranchers and loggers are concerned with the effect that the grizzly bears will have on their extractive industries (when and where they will be able to operate). ● Wildlife biologists are concerned with following federal law‚ yet constrained by local officials and citizens’ interests. ● Tourism/recreation groups (such as outfitters)‚ look at grizzly bear reintroduction as a possible "draw" into the area. 2. Are the opinions of local citizens more or less important than those of decisions
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Answer to Questions 1. Describe the type of meter movement used in the analog meters. The two analog meters—namely‚ the voltmeter and the ammeter—employ the d’ Arsonval meter movement. The movement consists essentially of a movable iron-core coil mounted on a pivot between the poles of a permanent magnet. When current flows through the coil‚ it creates a torque which causes the pointer to deflect. The amount of current through the coil determines the deflection of the pointer‚ which is registered
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Unit 4222-205 Outcome 1 Question 1-Define the following types of abuse: Physical abuse Sexual abuse Emotional/psychological abuse Financial abuse Institutional abuse Self neglect Neglect by others Physical abuse: is when another person uses direct contact onto another person to cause feelings of physical pain or injury. Sexual abuse: Is when an individual gets involved into something or anything sexual which they don’t agree to or something their against but forced into. Emotional/psychological
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RESEARCH METHODS PAST YEAR QUESTIONS AND ANSWERS Q1.What are the similarities and differences between basic and applied research reports? Solutions : Both basic and applied research are important to the advancement of human knowledge‚ but they work in slightly different ways‚ and they have different end goals in sight. Basic or pure research is conducted solely for the purpose of gathering information and building on existing knowledge‚ as opposed to applied research‚ which is geared towards
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Chapter 2 Assignment questions and answers 1. A jewelry store makes necklaces and bracelets from gold and platinum. The store has 20 ounces of gold‚ 24 ounces of platinum. Each necklace requires 6 ounces of gold 3 ounces of platinum‚ whereas each bracelet requires 2 ounces of gold and 5 ounces of platinum. The store has to use a minimum of two ounces of gold. The demand for bracelet is no less than three. A necklace earns $375 in profit and a bracelet‚ $225. Formulate a linear programming model
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Production is defined as “the step-by-step conversion of one form of material into another form through chemical or mechanical process to create or enhance the utility of the product to the user.” Thus production is a value addition process. At each stage of processing‚ there will be value addition. Edwood Buffa defines production as ‘ a process by which goods and services are created ’ . Some examples of production are: manufacturing custom-made products like‚ boilers with a specific
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Club Med Questions 1. Analyse Club Med’s culture before 2000. 2. Explain the reasons for Club Med’s success between the 1950s and the 1990s. 3. How do you explain Club Med’s difficulties in the early 1990s? 4. Why did Bourguignon’s plan fail? Do you think that Giscard d’Estaing’s plan will be more successful? This case example enables students to explore the impact of culture and history on an organisation’s strategy. 1. Club Med’s cultural web before 2000 should highlight the following points:
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Practice Final Exam ACC 413 Winter 2013 1. Which of the following statements describes an internal control questionnaire? It A. Provides detailed evidence regarding the substance of the control system. B. Takes less of the engagement client’s time to complete than other control evaluation devices. C. Requires that the internal auditor be in attendance to properly administer it. D. Provides indirect evidence that might need corroboration. 2. Each individual working paper should‚ at a
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“Possibility of Evil” written by Shirley Jackson‚ Ms. Strangeworth is a woman of great moral standing. Ms. Strangeworth believes the town is corrupted and Ms. Strangeworth wants to help cure it. The author helps the readers believe the story by describing Ms. Strangeworth in great detail. The author makes the audience realize she is a mean old lady that writes atrocious letters to her friends. In everyone’s life there is at least one mean old lady now it’s time to meet Ms. Strangeworth. Ms. Strangeworth
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