Using the data and your own economic knowledge‚ assess the case for financing universities mainly through charging fees to their students. Charging of fees means that payments will be taken from students instead of receiving subsidies from the government. Education is a merit good as it produces positive externalities (i.e. a better educated workforce that can increase productivity of the society) and is under-consumed as a result. Alternatives to charging fees include government funding‚ gifting
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A production possibilities frontier (PPF) is a curve showing the maximum attainable combinations of two products that may be produced with available resources and current technology. At which point is the country’s future growth rate likely to be the highest? Briefly explain why. Point W (top) because it is where the most resources are used to produce capital goods. What happens if a country produces a combination of goods that efficiently uses all of the resources available in the economy? The
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[Q#2020] If buyers’ value for bicycles increase‚ the demand for bicycles will ______.a. Increase [Q#2053] A supply shortage in the market for lettuce will _______ the equlibrium price of lettuce. a. Increase [Q#2057] At any moment the equilibrium price in the market for tablet computers will be determined by ________ . c. Buyers and the sellers of tablet computers [Q#2059] The equilibrium price is also known as c. the market-clearing price. [Q#4021] Along a demand curve with a constant slope
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Partial Answer Key Supply and Demand 1. Use the model of supply and demand to explain how a fall in the price of frozen yogurt would affect the price of ice cream and the quantity of ice cream sold. In your explanation‚ identify the endogenous and exogenous variables. Considering that ice cream is a close substitute for frozen yogurt‚ we would expect an inward shift of the demand curve for ice cream‚ lowering both the price and quantity of ice cream. The price of frozen yogurt is the
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Acct 2302 Chapter 9 Sample Exam Questions Exercise 184 Coliseum Company has budgeted the following unit sales: Quarter Units Qtr. 1‚ 2006 60‚000 Qtr. 2‚ 2006 50‚000 Qtr. 3‚ 2006 40‚000 Qtr. 4‚ 2006 80‚000 The finished goods inventory on hand on December 31‚ 2005 was 6‚000 units. It is the company’s policy to maintain a finished goods inventory at the end of each quarter equal to 10% of the next quarter’s anticipated sales. Instructions Prepare a production budget for the
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ACTIVITY 2.4 Q1 (A number of alternative solutions are possible) a) 1. Collected amount due from a customer (increase cash‚ decrease receivables). 2. Purchased land for cash (increase land and decrease cash). b) Paid amount due a creditor (decrease cash‚ decrease accounts payable). c) 1. Owner withdrew cash (decrease cash‚ decrease owner’s capital). 2. Paid rent (decrease cash‚ decrease owner’s capital). 3. Reflected supplies expense (decrease supplies on hand‚ decrease owner’s capital). d) Borrowed
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Homework Assignments Problems & Applications Chapter 1 Homework 4. You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5% interest. What is the opportunity cost of spending the $100 now? 5. The company that you manage has invested $5 million in developing a new product‚ but the product is not quite finished. At a recent meeting‚ your salespeople report that the introduction of competing products
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Carleton University Department of Economics ECON 1000 A – Introduction to Economics 2012 Summer Session (May 7 to August 15) Instructor: Brian Glabb Office: A-808 Loeb Office Hours: By Appointment E-mail: bglabb@rogers.com Objectives: This course provides an introduction to the discipline of economics‚ covering microeconomics and macroeconomics. It focuses on economic principles and concepts as well as on applications. Economic analysis is applied to a variety of contemporary
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Case Study #2 Ambar Alvarez California State University – San Marcos NURS 312 Pharmacology and Pathophysiology Alham Abuatiq. PhD. MSN.RN July 30‚ 2017 Case Study# 2 1. Heart failure (HF) is a syndrome that involves dysfunction of the cardiac muscle‚ it occurs with “any of disorders that damage or overwork the heart muscle” (Karch‚ 2017 p.751). Some of the disorders that may lead to HF are: coronary artery disease‚ cardiomyopathy‚ hypertension‚ and valvular heart disease (Karch‚ 2017).
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BIOS251 Midterm Study Guide The Midterm exam consists of 25 multiple choice questions worth 4 points each‚ and five essay questions worth 20 points each for a total of 200 points. It covers material learned in Weeks 1–4‚ including the following TCOs: 1 Given a chart illustrating the anatomical human body‚ classify the levels of structural organization in the human body and interpret their relationships. 2 Given glass slides or electronic images of histological specimens‚ classify the cells
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