ANSWER (PART A) QUESTION 2 a) Labor force is defined as people from the total population between the age of 16 & 64 who are not in institutions and who are either employed or unemployed but seeking work. Those who are not in labor force are either in institutions or are voluntarily unemployed. Unemployment is made up of people who are currently not working but are looking for a job. b) Structural unemployment The portion of unemployment that is due to changes in the structure of the economy that
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1. (Resource Demand) How do firms and individuals determine if it ’s worth it to (a) invest in capital improvements‚ (b) hire additional workers‚ or (c) decide where to work? Briefly explain. Answer – Firms and individuals determine if it’s worth it to invest in capital improvements when the marginal product of capital is more than the interest paid on each unit of capital. Similarly‚ when the marginal product of labor is more than the wage rate of each unit of labor‚ until then the firms and individuals
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Checkpoint: A New House- Economy The strength of the economy as a whole could affect the marginal benefits and the marginal costs associated with a decision to purchase a home by the market itself. If the market is in “good condition”‚ it can lead to a good house hunting experience because rates are at normal. If the market seems to be down as it currently is‚ there may be some pits and downfalls‚ but rates are then low‚ causing house buyers to have more options and selections when purchasing
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Week 1 - Checkpoint My favorite place is Starbucks. So I will choose that to be the company I will write about for this assignment. Starbucks Corporation has been able to grow revenues from $11.7B to $13.3B. Most impressively‚ the company has been able to reduce the percentage of sales devoted to selling‚ general and administrative costs from 37.08% to 35.38%. This was a driver that led to a bottom line growth from $1.2B to $1.4B. The pertinent statistics for this piece are as follows. During
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ACS124: Modelling‚ analysis and control by J A Rossiter Tutorial sheet outline solutions TUTORIAL ANSWERS 1 Units in Modelling a) The lightest mass is 20 g. b) The shortest distance is 4.2 yards. c) The largest area is largest 8.7 ft2. d) The greatest volume is greatest 2 m3. e) The highest temperature is 300K. f) The smallest pressure is 7.8 bar. g) The smallest power is 5000 Btu/hr. Note: 1 slug = 37.17 lb‚ 1 Btu/s = 778 ft-lbf/s & 1 ft-lbf/s = 1.356 x 10-3 kW 1 Models can be
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Checkpoint: Three Day Activity Analysis 1.) What everyday changes (if any) can you make to increase the amount of energy expended in your day-to-day activities? What I noticed in my physical activity report was that what I do everyday does not need to be modified or changed. Bicycling in a moderate speed with a little bit of resistance for 35 minutes is ideal for my height and weight. During the week I burn a total of 1555 calories. 2.) What types and amounts of exercise would work best
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The Nine Steps of Accounting Cycle CheckPoint Step 1 in the accounting process is to analyze the transactions. This would include revenue‚ expenses‚ etc.‚ anything that the company received or paid during the time period. Step 2 is to journalize these transactions. To take the information and correctly post each transaction with a debit and credit line item. Step 3 is to post the journal information into an accounting ledger that shows all of the line items as totals in their respective
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Program Planning and Grant Proposals Checkpoint Program planning is when a program or service that might be needed in a certain community or city. It is a plan that someone puts together so that the program will work to help better serve people who need help or even make a company function better. A program is put into place so that it can help the person or company with goals‚ activities‚ rules‚ objectives‚ and different procedures that a person‚ company or organization needs so that it
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First Paper Writing Assignment H1112 - Gaston Please choose one of the following options as the basis for an essay of one to two pages in length. Please see instructions below the questions for further guidelines. 1) “The Lost Entry” – For this paper‚ you will create a four or five line entry to Columbus’s travel journal. This entry must be accompanied by a paper of one to one and a half pages that uses Columbus’s actual letter as evidence to explain why you wrote the entry as you did.
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Worked solutions to student book questions Chapter 2 Analysis by mass Q1. a b Why was the soup sample in Worked Example 2.1 heated to 110°C? Why was it necessary to weigh the sample four times? A1. a b The soup was heated above 100°C to evaporate water from the sample. By repeatedly heating the sample until the mass remained unchanged‚ the analyst could be sure that all the water had been removed. Q2. Some laboratories use microwave ovens in place of conventional ovens to
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