Economics 247 Assignment 1 Version A This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 1 through 5. Answer each question clearly and concisely. 1. a. Define opportunity cost‚ and explain its importance in economics. (3 marks) Opportunity cost is whatever must be given up to obtain something. It is fundamental to economic reasoning because it shows that people face trade-offs
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Microeconomic Analysis of Hawaii’s Inter-Island Air Transportation Market Malia Preza ECON 6000-AW Fall 2014 Hawaii Pacific University Abstract The Airline Industry in Hawaii is an integral part of life for many residents. Rural communities throughout the island chain depend of reliable interisland transportation services for essentials like emergency health care and a way to stay connected with family members living on different islands. Hawaii is a geographically
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CFP®‚ CGMA®‚ PFS ECON 132A INTRODUCTION TO FINANCIAL INVESTMENTS FALL 2014 TUESDAYS & THURSDAYS 2:00 P.M. - 3:20 P.M. SYLLABUS INTRODUCTION TO FINANCIAL INVESTMENTS ECON 132A Day/Class time: Tuesdays and Thursdays‚ 2:00PM - 3:20 PM Location: HH 178 Professor’s Name: Raffaele B. Mari‚ CPA‚ CFP®‚ CGMA®‚ PFS E-mail address: rmari@uci.edu Office Room #: SSPB 3221 Office Phone: 949.824.5788 Office Hours: Thursdays 5:00PM – 6:00PM Course Description ECON 132A is a course
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Business Economics GM545 January 2013 Everyone’s Gasoline Problem The fluctuation of gas prices occurs because of a number of factors; the price of crude oil‚ the price of manufacturing‚ the price of corn is all tied to the price of oil and the price we see at the pump for gas. In 2011‚ the United States consumed about 134 billion gallons1 (or 3.19 billion barrels2) of gasoline‚ a daily average of about 367.08 million gallons (8.74 million barrels). This was about 6% less than the record
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Midterm #1 Exam Answer Key ECN 151A Summer 2013 Eschker (3pts each) Version A 1. Ans: E 2. Question deleted; Everyone gets 3 points 3. Ans: D 4. Ans: A 5. Ans: D 6. Ans: B 7. Ans: C 8. Ans: C 9. Ans: B 10. Ans: E Version B 1. Ans: C 2. Ans: A 3. Ans: B 4. Ans: D 5. Ans: E 6. Ans: C 7. Ans: B 8. Ans: E 9. Question deleted; Everyone gets 3 points 10. Ans: D Part II. Answer the following. Show your work for all answers. 10 points each. 1. After watching the TV show American Idol‚ Blake thinks that
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The bible verses I have chosen that relate to economics consist of Luke 19:1-10. In these verses are the story of Zacchaeus the tax collector and his confrontation with Jesus. These verses basically explain how tax collectors are known for robbing the people when they go around collecting from the poor. Yet in this certain situation Zacchaeus had climbed a tree in order to get a good view of Jesus walking by. Jesus noticed him and introduced himself to Zacchaeus and asked if he can visit his home
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ECONOMICS 140 Professor Glenn Woroch 2/3/09 Lecture 5 ASUC Lecture Notes Online is the only authorized note-taking service at UC Berkeley. Do not share‚ copy or illegally distribute (electronically or otherwise) these notes. Our student-run program depends on your individual subscription for its continued existence. These notes are copyrighted by the University of California and are for your personal use only. ANNOUNCEMENTS First problem set is due this Thursday Feb. 5th in lecture
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Problem 4-1 AlwaysRain Irrigation‚ Inc.‚ would like to determine capacity requirements for the next four years. Currently two production lines are in place for making bronze and plastic sprinklers. Three types of sprinklers are available in both bronze and plastic: 90-degree nozzle sprinklers‚ 180-degree nozzle sprinklers‚ and 360-degree nozzle sprinklers. Management has forecast demand for the next four years as follows: | | ------------------------------------------------- YEARLY DEMAND
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Economics (Week 1) Opportunity Cost My significant other and I recently made a decision for me to quit my job and go back to school. Our decision was based on my unhappiness at work; however‚ we also started looking at the long-term financial security aspect of it. The alternatives considered were to pursue a health related job where I would be happier or‚ go back to school to acquire a nursing degree. We came to our final decision based on my dream of wanting to be a nurse. The future long-term
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Name: ________________________ Class: ___________________ Date: __________ ID: A quiz 7 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. The first picture below depicts the cost curves for a representative firm in this perfectly competitive industry. Initially‚ there are 100 firms. The second picture depicts market demand. Marginal Cost 10 ATC 8 AVC 6 4 2 200 400 600 800 1000 1200
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