ECON 2020 A Mid-Term Examination I - SOLUTIONS Instructor: Derek Olmstead Note: Non-programmable calculators permitted Summer 2012 Duration: 105 minutes Total marks: 20 points Part A: Short-answer questions [3 points each] Note: Use diagrams and/or equations to explain your answer. I. Explain the difference between diminishing total returns to labour and diminishing marginal returns to labour. Diminishing returns to labour means that an increase in the number of labour units
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Chapter 1 Data and Statistics Learning Objectives 1. Obtain an appreciation for the breadth of statistical applications in business and economics. 2. Understand the meaning of the terms elements‚ variables‚ and observations as they are used in statistics. 3. Obtain an understanding of the difference between categorical
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What is air pollution? "Let’s go out for a breath of fresh air" is an often-heard phrase‚ but how many of us realize that this has become irrelevant in today’s world? The quality of air in our cities is anything but fresh. Air pollution is a serious problem in our society these days. We need to take action to help prevent air pollution before it is to late. To help prevent air pollution are; we could run cars on water or batteries which are environmentally safe or even car pool more‚ ban aerosol cans
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Introduction Solutions Software Company is a leading international software company. It is Australian division which is located in Sydney. Jane Cordon is new General Manger in Solutions Software Company. However‚ due to strange work environment and new work requirements‚ there exist many problems in Solutions Software Company. These problems include leadership skill problems‚ conflict of communication or inappropriate leadership style. If some problems don’t gain effective solutions‚ conflict between
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Chapter 10 Plant Assets‚ Natural Resources‚ and Intangibles QUESTIONS 1. A plant asset is tangible; it is used in the production or sale of other assets or services; and it has a useful life longer than one accounting period. 2. The cost of a plant asset includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. 3. Land is an asset with an unlimited life and‚ therefore‚ is not subject to depreciation. Land improvements have
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CIVL 1101 Problem Solving - Chapters 5-6 1/8 Generating Solutions “Nothing is more dangerous than an idea‚ when it is the only one you have.” Generating Solutions Once you have defined the problem you want to make sure you generate the best solution. Perseverance is perhaps the most notable characteristic of successful problem solvers‚ so you shouldn’t become discouraged when solutions aren’t immediately evident. Many times mental blocks hinder your progress toward a solution. What is the
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|Sales |VP/Marketing Forecast | |1 |170‚300 |-- | |2 |168‚250 |-- | |3 |165‚700 |--
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would not be considered part of the capital cost? A. Legal fees incurred to acquire the asset. B. Duties paid on the asset. C. Fire and theft insurance paid on the asset. D. Non-refundable provincial sales taxes paid on the asset. 2. A business has $5‚000 in Taxable Income before CCA in the current year. The management anticipates a high income for the subsequent year. The maximum CCA deductible for the year in Class 8 is $5‚000 and the maximum CCA deductible for the year in Class
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Chapter 7 Stock Valuation Solution to Problems P7-1. LG 2: Authorized and Available Shares Basic (a) Maximum shares available for sale Authorized shares 2‚000‚000 Less: Shares outstanding 1‚400‚000 Available shares 600‚000 (b) $48‚000‚000Total shares needed 800‚000 shares$60== The firm requires an additional 200‚000 authorized shares to raise the necessary funds at $60 per share. (c) Aspin must amend its corporate charter to authorize the issuance of additional shares. P7-2. LG 2: Preferred Dividends
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We feel money and power can bring happiness and solve problems but they are not definite causes of those desired states .If that were so‚it would follow that those who have wealth would always be happy and those who do not would always suffer. Money and power facilitate‚but it is clear that they are not the primary causes of happiness and solving our problems.It is justified for us to make material and financial development for building our nation but inner development is also important.What will
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