STUDY GUIDE COSTS OF PRODUCTION: Total Physical Product (TP)- total output or quantity produced Marginal Product (MP)- the additional output generated by additional inputs (workers). Average Product (AP)- the output per unit of input. Stage 1: Increasing Marginal Returns Stage 2: Decreasing Marginal Returns Stage 3: Negative Marginal Returns TC- Total Costs: Sum of Fixed and Variable Costs VC- Variable Costs: Costs for variable resources that do change with the amount produced
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C) Increasing government spending D) Increasing taxes on capital goods Answer: A 2) Assume that the full-employment level of output is $5000 billion and the natural unemployment rate is 5%. Suppose the current unemployment rate is 8%. What would be the current level of output according to Okun’s law (when the Okun’s law coefficient is 2)? A) $4500 billion B) $4700 billion C) $4900 billion D) $5300 billion Answer: B 4) Endogenous growth theory attempts to A) replace the Solow model
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AP Bio Evolution Study Guide (Ch 22-25) Chapter 22: Descent with Modification Know the basic ideas that predated the ideas of Darwin Natural Theology Cuvier Lyell Linneaus Lemarck Theory of Use and Disuse Theory of Acquired Characteristics Darwin Voyage of the Beagle (How did this lead to his ideas regarding evolution?) Adaptations (What are they? How are they involved in evolution? How do they come about in a species?) Descent with Modification (modify preexisting structures) Natural
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3. Was colonial rule a transforming‚ even a revolutionary‚ experience‚ or did it serve to freeze or preserve existing social and economic patterns? What evidence can you find to support both sides of this argument? Colonial rule transformed many societies in terms of ways of working‚ more independence for women‚ and the spread of religion. New ways of working emerged that spurred on the development of these colonial states. Although coerced labor remained‚ cultivation systems in areas like Indonesia
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1. People in motion a. From Berginia to America i. By 12‚000 B.C. humans were in Siberia an western Alaska and Berginia‚ crossing land bridge. ii. By 8‚000 B.C. humans had reached Tierra del Fuego b. The Great Extinction and the Rise of Agriculture i. As glaciers receded and climate warmed‚ those who migrated south and east found good environment ii. Some natives settled down and adopted food cultivation 1) Permanent farm villages began to develop c. The Norsemen
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Survival of the Sickest Reading Guide Task: The following questions should be answered and typed. They will be electronically submitted to turnitin.com and a paper copy will be given to me. Introduction 1. What is the “big” question the book will attempt to answer? Chapter I 2. The author points out many ways in which iron impacts life. Identify/describe at least five. 3. In the context of this chapter‚ explain the author’s reference to Bruce Lee and to the barber pole. Chapter II 4. Distinguish
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Economics Chapter 7: Market Structures Study Guide Chaplain Ron McCants‚ Teacher True/False Indicate whether the statement is true or false. ____ 1. Perfect competition requires a market structure with freedom for firms to enter or leave the market. ____ 2. Oligopoly is a market structure with one very large firm. ____ 3. A government monopoly is a monopoly based on ownership or control of a manufacturing method or process. ____ 4. The Clayton Antitrust Act was the first
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CHAPTER 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment ANSWERS to Review Questions 1-1 The explosion in e-commerce will affect managerial accounting in significant ways. One effect will be a drastic reduction in paper work. Millions of transactions between businesses will be conducted electronically with no hard-copy documentation. Along with this method of communicating for business transactions comes the very significant issue of information security. Businesses
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AP Biology Reading Guide Fred and Theresa Holtzclaw Chapter 8: An Introduction to Metabolism Name_______________________Period___________ Chapter 8: An Introduction to Metabolism Concept 8.1 An organism’s metabolism transforms matter and energy‚ subject to the laws of thermodynamics 1. Define metabolism. 2. There are two types of reactions in metabolic pathways: anabolic and catabolic. a. Which reactions release energy? b. Which reactions consume energy? c. Which reactions build up larger molecules
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1. Boundary Types (Antecedent‚ Subsequent‚ etc.) a. This concept is important because it shows the relationship between different regions‚ as well as colonized countries and their colonizers. The different boundary types either create more difficult ways of transportation/trade‚ or ease transportation/trade‚ etc. 2. Federal/Unitary/Confederate Governments b. The different types of government are important because they show how a country is being ruled. It also hints at the type
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