ECON CHAPTER 4 PRACTICE QUESTIONS Names____________________ 1. Melissa buys an iPod for $ 120 and gets consumer surplus of $ 80. a. What is her willingness to pay? b. If she had bought the iPod on sale for $ 90‚ what would her consumer surplus have been? c. If the price of an iPod were $ 250‚ what would her consumer surplus have been? 2. An early freeze in California sours the lemon. Explain what happens to consumer surplus in the market
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Chapter 4 15. For discrete compounding‚ to find the EAR‚ we use the equation: EAR = [1 + (APR / m)]m – 1 = .0719‚ or 7.19% EAR = [1 + (.07 / 4)]4 – 1 EAR = [1 + (.16 / 12)]12 – 1 = .1723‚ or 17.23% = .1163‚ or 11.63% EAR = [1 + (.11 / 365)]365 – 1 To find the EAR with continuous compounding‚ we use the equation: EAR = er – 1 EAR = e.12 – 1 = .1275‚ or 12.75% 23. Although the stock and bond accounts have different interest rates‚ we can draw one time line‚ but we need to remember to
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Chapter 4 key terms Cyrus the great: Established massive persian empire by 550 B.C.E;successor state to mesopotamian empires. How its relevant: He was the conqueror of the persian empire by 550 B.C.E picture: Darius: The son of cyrus helped lead him to success became ruler later on. How it is relevant: He helped cyrus be a successful ruler. Picture: Zoroastrianism: Animist religion that saw material existence at battle between forces of good and evil;righteous lived
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Chapter 4 Case Study 1. Stakeholders: a. John Ryan – Superior Systems relationship manager – Aggressive. b. Nick – Superior Systems managing consultant – conservative. c. Sandy – Superior Systems Technical – observant. d. Sara – Superior Systems possible project manager - e. Ron Gimble – Point of contact for Capitol State Chemicals. f. Ron Newell – Capitol State’s IT operations manager. g. Kelly – Capitol State’s network technician – viewed as a project manager. h. Alex – Capitol State’s
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Chapter IV Results and Discussion Research Result * The ultimate objective (key component) of scientific research * One of the four major sections that constitute the main body of the research * Presents all the data collected and accumulated‚ together with the statistical treatments and analyses without discussing the implications of the findings. * Consists of the observations and measurement recorded while conducting the process and procedures describe in the Methodology section
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Chapter 4 Case Study Questions REI Climbs the Web Mountain 1. Create a simple logical design and physical design for REI.com A simple logical design for REI.com would include the following concepts: HTTP requests and other data from a customer’s client computer that travels to Web servers‚ application servers‚ and data servers which displays specific Web pages in response to those requests. When the customer’s order is submitted‚ it is then forward to an order-processing application database
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Chapter 4: Work Adjustment Theory Work Adjustment Theory consists of 18 different consequences. The current theory is based on research that has modified earlier work. Each of these statements of theory had as a goal the prediction of work adjustment. Dawis and Lofquist (1984) define work adjustment as: “A continuous and dynamic process by which a worker seeks to achieve and maintain correspondence with a work environment”. That is‚ work adjustment is indicated by length of time‚ or tenure‚ on
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Vocabulary Demystified (Godfrey R) Get started As we are not a native speaker of English language‚ we often admire at people who speak English fluently and assume that speaking English is something formidable and it is a skill to acquire or reach that level. But English is just a language like any other language that we already know. Any language for that matter is an Abstraction of Thought. The Purpose of any language is to communicate one’s conceived thoughts to another person effectively
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CHAPTER 4: The Bonds of Empire‚ 1660-1750 o Rebellion and War‚ 1660-1713 ▪ Before Restoration (1660)‚ England made little attempt to weld colonies ▪ Royal Centralization‚ 1660-1688 • Restoration monarchs disliked representative government • Charles II rarely called parliament into session after 1674‚ and none after 1681 • James II wanted to rule as absolute monarch
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Tangochou Vocabulary List 1. aisatsu Greeting 2. ohayougozaimasu Good morning 3. konnichiwa Good afternoon 4. konbanwa Good evening 5. sayounara Good bye 6. oyasuminasai Good night 7. ogenkidesuka How are you? 8. genkidesu I’m fine 9. hajimemashite How do you do? 10. arigatougozaimasu Thank you very much 11. douitashimashite You are welcome 12. omedetougozaimasu Congratulations 13. tadaima
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