Mankiw – Chapter 13 SOLUTIONS TO TEXT PROBLEMS: Quick Quizzes 1. Farmer McDonald’s opportunity cost is $300‚ consisting of 10 hours of lessons at $20 an hour that he could have been earning plus $100 in seeds. His accountant would only count the explicit cost of the seeds ($100). If McDonald earns $200 from selling the crops‚ then McDonald earns a $100 accounting profit ($200 sales minus $100 cost of seeds) but makes an economic loss of $100 ($200 sales minus $300 opportunity cost). 2. Farmer
Premium Costs Economics of production Economics
Chemistry Study Guide Oct 2nd 1 hour Exam Chapter 9- Thermodynamics KE= ½ mv2 w= F∆x w= force × distance ∙ A state function refers to a property of the system that depends only on its present state. ∙Internal Energy = heat + work ∆E = q + w ∙Pressure = Force/Area = P = F/A ∙Work= - external pressure × change in volume w = - P∆V Enthalpy H = E + PV qp = ∆E + P∆V ∆H = qp ∆H = H products H reactants
Premium Thermodynamics Energy Entropy
Chapter 1 Europe Multiple Choice Defining the European Realm 1. The following are statements describing the demographic and economic conditions which may be generally ascribed to the European Realm. Which one is inaccurate? A. Europe constitutes one of the great population clusters of the world. *B. Levels of economic development in Europe decline from east to west. C. Europe’s population is highly urbanized. D. European agriculture is mainly market-oriented. E. European
Premium European Union Eastern Europe Western Europe
impact of an increase in the money supply? Answer Selected Answer: It leads to increased price level‚ but there is no change in real GDP. Correct Answer: It leads to increased price level‚ but there is no change in real GDP. Question 2 1 out of 1 points Which of the following would make the price level decrease and real GDP increase? Answer Selected Answer: Long-run aggregate supply shifts right. Correct Answer: Long-run aggregate supply shifts
Premium Economics Supply and demand Aggregate demand
mobility Feedback The correct answer is: systematic inequalities between groups of people that arise as intended or unintended consequences of social processes and relationships Question 2 Correct Mark 1.00 out of 1.00 Not flaggedFlag question Question text Which of the following is an example of an asset? Select one: a. a projected salary increase b. a piece of property Correct c. a person’s human capital d. a person ’s social capital Feedback The correct answer is: a piece of property
Premium Social class
Peter Quarelli Cisco Chapter 1 1. B. Companies can use a WAN connect remote locations‚ and a LAN can make a local connection in a building. D. Only WANs require a CSU/DSU to be used on the ends of the cable. 2. A. IEFT‚ C. ISO‚ D.EAI‚ F.ITU 3. A. Routers enable different IP networks or IP subnets to communicate with each other C. Path selection is one of the main functions of a router. E. Routers have a central processing unit and memory. 4. A.ROM‚ B Flash Memory
Premium Cisco Systems Subnetwork Router
: 13.0 POPULATION ECOLOGY (2 HOURS) Learning outcomes : 13.1 Population Growth (a) Explain biotic potential (r) and environmental resistance and their effect on population growth (b) Explain carrying capacity and its importance (c) Describe natality and mortality and their effects on the rate of population growth Learning outcomes : 13.1 Population Growth (d) Explain population growth curves (state the basic forms of growth curves) i. Exponential growth curve (human) ii
Premium Population Population ecology Demography
Myers Psychology 6/e Test Bank II CHAPTER 5 Sensation Learning Objectives Sensing the World: Some Basic Principles (pp. 172-177) 1. Contrast the processes of sensation and perception. 2. Distinguish between absolute and difference thresholds‚ and discuss research findings on subliminal stimulation. 3. Describe the phenomenon of sensory adaptation‚ and explain its functional value. Vision (pp. 177-188) 4. Explain the visual process‚ including the stimulus input‚ the structure of the
Premium Management Strategic management Marketing
Ecology and economy are two different studies that have merged together in recent years. This is because human lifestyle is having an increasingly negative impact on the surrounding environment. There has been a shift in recent years from technologies that are wasteful of resources toward technologies that use resources more efficiently and reduce pollution‚ a shift from conventional economy to sustainable economy. We are living beings on a planet Earth. Humans are living beings who depends on
Premium Sustainability Natural environment Ecology
Challenging Issues Under Accrual Accounting: Long-Lived Depreciable Assets – A Closer Look Discussion Questions 8-1. Some factors determining the estimated useful life of assets might include: a. prior experience the company b. industry norms c. anticipated technological advancements d. the way the asset will be used e. anticipated company growth An important point that needs to be made during the discussion of this question
Premium Depreciation Generally Accepted Accounting Principles