Assignment 2 Problems for Chapter 11 1. The residents of Vegopia spend all of their income on cauliflower‚ broccoli‚ and carrots. In 2010‚ they buy 100 heads of cauliflower for $200‚ 50 bunches of broccoli for $75‚ and 500 carrots for $50. In 2011‚ they buy 75 heads of cauliflower for $225‚ 80 bunches of broccoli for $120‚ and 500 carrots for $100. a. Calculate the price of each vegetable in each year b. Using 2010 as the base year‚ calculate the CPI for each year (use 100 heads of cauliflower
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Principles of Economics chapters 1. Ten Principles of Economics 2. Thinking Like an Economist 3. Interdependence and the Gains from Trade 4. The Market Forces of Supply and Demand 5. Elasticity and Applications 6. Supply‚ Demand‚ and Government Policies 7. Consumers‚ Producers and the Efficiency of Markets 8. Application: The Costs of Taxation 9. Application: International Trade 10. Externalities 11. Goods and Common Resources 12. The Tax System 13. The Costs of Production 14. The Competitive
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Chapter 1 The Art and Science of Economic Analysis INTRODUCTION THIS CHAPTER HAS TWO PURPOSES: TO INTRODUCE STUDENTS TO SOME OF THE BASIC LANGUAGE OF ECONOMICS AND TO STIMULATE STUDENT INTEREST IN THE SUBJECT. IT CONVEYS TO STUDENTS THAT ECONOMICS IS NOT ONLY FOUND IN THE FINANCIAL SECTION OF THE NEWSPAPER‚ BUT ALSO IS VERY MUCH A PART OF THEIR EVERYDAY LIVES. BEGINNING WITH THE ECONOMIC PROBLEM OF SCARCE RESOURCES BUT UNLIMITED WANTS‚ THIS CHAPTER PROVIDES AN OVERVIEW OF THE FIELD AND THE
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that they may be part of different groups of the periodic table and more importantly‚ their atomic number. 11. It allows us to see the energy state of the atom and to decipher what element it is‚ if necessary. 13. Because the Doppler shift principle is only applicable in situations in which the object is moving toward or away from the observer‚ not in any other manner. 15. About 7.5 times. 17. .0029nm/W.Lpeak=T 19. The star is moving away from us‚ as the wavelength is in the redder
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Chapter 8 29. The travel-to-work time for residents of the 15 largest cities in the United States is reported in the 2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents of San Francisco is used to develop a planning value of 6.25 minutes for the population standard deviation. If we want to estimate the population mean travel-to-work time for San Francisco residents with a margin of error of 2 minutes‚ what sample size should be used? Assume 95% confidence
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Questions for Chapters 15-20 1. In Chapter 15‚ Amir meets with the dying Rahim Khan. Where are they? Peshawar‚ Pakistan 2. What does Amir say about clichés? Why does Amir use the cliché about "an elephant in the room" to describe his meeting with Rahim Khan? They are usually dead on. The elephant is the truth about Rahim Khan’s condition – he is dying and doesn’t have much time left. 3. Afghanistan has been seized by what political group in Chapter 15? Taliban 4. In Chapter 16‚ Rahim tells
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physical condition of the firm’s fixed assets. e. The AFN equation produces more accurate forecasts than the forecasted financial statement method‚ especially if fixed assets are lumpy‚ economies of scale exist‚ or if excess capacity exists. ANSWER: B 2. Which of the following statements is CORRECT? a. The sustainable growth rate is the maximum achievable growth rate without the firm having to raise external funds. In other words‚ it is the growth rate at which the firm’s AFN equals zero
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Possible percentage error 10 −6 = × 100% 24 × 3600 = 1.16 × 10 % 1 (b) = 1 000 000 days 10 −6 –9 It would take 1 000 000 days to be in error by 1 s. (b) Percentage error 9 = × 100% 9 × 24 × 60 = 6.94 × 10–2% 4 (a) One day = 24 × 60 × 60 = 86 400 s Practice 1.2 (p. 15) 1 2 3 4 5 C B D D (b) One year = 365 × 86 400 = 31 500 000 s 5 Let t be the period of time recorded by a stop-watch. Percentage error = 0.4 × 100% ≤ 1% t t ≥ 40 s (a) Total distance she travels 2 × × 10
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The following chapter summaries are mostly based on the McConnell & Brue text “Economics- 16th Ed.” Details available at http://highered.mcgraw-hill.com/sites/0072819359/information_center_view0/ note .. arrow means “leads to‚” “results in‚” “causes” Chapter 1 – The Nature and Method of Economics Economics is the study of scarcity and choice Key concept- opportunity cost: for a person to get more of one thing... he/she must forego getting something else e.g. to get food must
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August 27th 2013 Title: Chapter 2 Note SECTION 1 Experimental Method Science usually begin with observation => a piece of information gathered by using our senses To extend their senses‚ science often use tools such as ruler‚ microscopes … etc Hypothesis => a testable idea or explanation that lead to a investigation Prediction => Logical statement about wat will happen if the hypothesis is correct Observation => Question Hypothesis => Answer It is important that a hypothesis
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