Questions for Critical Thinking 4 Salvatore’s Chapter 8: a. Discussion Questions: 2 and 10. 2. (a) What is the distinction between marginal cost and incremental cost? (b) How are sunk costs treated in managerial decision making? Why? (a) Maringal cost is the change in total costs or in total variable costs per unit change in output (Salvatore‚ 2012‚ pg. 718). The main reason to determine marginal cost is to gain understanding and knowledge of when a company reaches economics of scale. However
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Appreciation Text Questions Please complete the following questions. It is important that you use full sentences and present the questions and answers when you submit your work. Submit the work as a file attachment. This means you complete all work in a word processing document (e.g.‚ Microsoft Word) and attach the file using the dropbox tool. Use the Unit 3: Text Questions dropbox basket. The answers to the Review & Critical Thinking questions are worth 10 points. Review Questions 1. What is
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Much of the thinking done in formal education emphasizes the skills of analysis--teaching students how to understand claims‚ follow or create a logical argument‚ figure out the answer‚ eliminate the incorrect paths and focus on the correct one. However‚ there is another kind of thinking‚ one that focuses on exploring ideas‚ generating possibilities‚ looking for many right answers rather than just one. Both of these kinds of thinking are vital to a successful working life‚ yet the latter one tends
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5. How are crime and deviance related? Do they represent the same actions? Deviance is a simple act that goes against societies norms as a crime isan action that constitutes an offense that may be prosecuted and is punishable by law. Critical Thinking Questions 1. Emile Durkheim argues that deviance is beneficial to society in a number of ways‚ such as showing us where the boundaries of acceptable behavior are and that it can bring a group together. Do you agree or disagree with his argument that
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Appreciation Text Questions Please complete the following questions. It is important that you use full sentences and present the questions and answers when you submit your work. Submit the work as a file attachment. This means you complete all work in a word processing document (e.g.‚ Microsoft Word) and attach the file using the dropbox tool. Use the Unit 1: Text Questions dropbox basket. The answers to the Review & Critical Thinking questions are worth 10 points. Review Questions 1. What are
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Chapter 15 Definition Demographics: The study of human population in quantitative terms‚ usually considered a sub-field of sociology. It consider such data as birth rate and death rate‚ fertility and morbidity‚ and immigration and emigration‚ among may others New Europe: The lands explored‚ conquered‚ and settled by Europeans‚ who brought with them European institutions and way of life‚ such as North / South America‚ Australia‚ New Zealand‚ and South Africa Price Revolution: The massive inflation
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The main goal of capitalism is to produce goods and services to make a profit. In order to produce goods and services‚ they need three things: capital (tools used to make things)‚ labour‚ and resources. Critical Thinking Questions 1. How do your financial choices impact the economy? Trace the impact of your financial decisions. Our financial choices impact the economy like a ripple. If a business gets shut down and everyone loses their job‚ then they can’t take taxes
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Review Questions 1. What is communication? How does communicating relate to parenting? Communication is any sharing of meaning between two or more people. Communicating is important to positive parenting. It helps parents guide and understand their children. 2. How can financial issues affect parenting? Financial issues cause parents to spend less time together with their kids dues to extra hours spent working. Parents become tired‚ anxious and frustrated. This can create negative interaction
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Creative thinking is a process that involves creative problems solving‚ and new ideas or concepts‚ or a new way for an existing idea. Creative thinking gives people the opportunity to create something or make something better that has already existed. Creative thinking is how many items were invented. Creative thinking allows a person to create something‚ or allows a person to improve something that already exists. Logical thinking is the process in which we use reasoning consistently to
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Critical thinking and discussion question Question 2 What are the economic and political arguments for regional economic integration? Given these arguments‚ why don’t we see more substantial examples of integration in the world economy? Unrestricted free trade allows countries to specialize in the production of goods and services that they can produce most efficiently. If this happens as the result of economic integration within a geographic region‚ the net effect is greater prosperity
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