CLICK TO DOWNLOAD ECO 550 FINAL EXAM 1. The Prisoner’s Dilemma involves two spies who are held in separate soundproof rooms. But even if the two spies could communicate‚ what makes it difficult for them to achieve the cooperative solution (both not confessing)? 2. A key to analyzing subgame perfect equilibrium strategy in sequential games is 3. In making promises that are not guaranteed by third parties and in imposing penalties that are not enforced by third parties‚ all of the following
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CLCIK HERE TO DOWNLOAD ECO 550 FINAL EXAM 1. Which of the following could be a linear programming objective function? 2. Which of the following could not be a linear programming problem constraint? 3. Types of integer programming models are _____________. 4. The production manager for Beer etc. produces 2 kinds of beer: light (L) and dark (D). Two resources used to produce beer are malt and wheat. He can obtain at most 4800 oz of malt per week and at most 3200 oz of wheat per week respectively
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budget deficits. High budget deficits will certainly affect the overall economic growth and the debt that the U.S. has to struggle with. High budget deficits today will reduce the growth rate of the economy. Economic growth is defined in the text‚ Principles of Macroeconomics‚ as “an increase in the total output of an economy. It occurs when a society acquires new resources or when it learns to produce more using existing resources” (Case‚ Fair & Oster‚ 2009‚ Pg. 422). It is assumed that future
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CLICK TO DOWNLOAD ECO 550 Final Exam 1. The degree of operating leverage is equal to the ____ change in ____ divided by the ____ change in ____. 2. In the linear breakeven model‚ the difference between selling price per unit and variable cost per unit is referred to as: 3). Break-even analysis usually assumes all of the following except: 4).The short-run cost function is: 5). In the short-run for a purely competitive market‚ a manufacturer will stop production when: 6). In the long-run‚ firms
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HSC unit 204 principles of safeguarding and protection in health and social care 1.1a this is where a carer physically harms a vunerable person this can be anything from slapping beating extreme restraint eg ties straps anything that could hurt a vunerable adult. 1.1b this is where a carer or person takes part in any type of a sexual act which the vunerable person does not consent to or is unable to consent to 1.1c psychological abuse is when the carer is rude or shouts and hurts the
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Question 1) With examples give 5 reasons why the study of microeconomics is important. Microeconomics is a field of economic study that focuses on how an individual ’s behaviour and decisions affect the supply and demand for goods and services. For the purpose of microeconomics‚ the actions of individuals‚ households and businesses are crucial‚ unlike the study of macroeconomics‚ which focuses on national and international economic trends. Despite the differences between the two fields‚ however
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Creating a plan for a culturally diverse classroom Ashley Means AED 204 10/7/2012 University of Phoenix Creating a plan for a culturally diverse classroom Classrooms are becoming more culturally diverse everyday and there are numerous ways to incorporate lessons and activities for all students‚ regardless of their background. I feel it is extremely important to teach students how to communicate and get along with other students‚ no matter what their cultural background may be. I look forward
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COM 204 Final Exam Study Guide Spring 2012 *Everything on the final will come from this review sheet!* The exam comprises 50 multiple-choice questions. Exam percentage scores will be converted to our 5-point scale (5=95%‚ 4=85%‚ 3=75%‚ 2=65%‚ 1=55%). BONUS STUDY SESSION: Tuesday‚ May 1‚ 4:00-5:00‚ MTHW 210 Terms Critical/criticism – Pay careful attention to a text‚ can be either positive or negative‚ not taking things at face value‚ What is being assumed? What are the consequences
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ECO 212 Final Exam 1) According to economics‚ what causes us to have to make choices? A. unlimited resources. B. scarcity. C. unemployment. D. greed. 2) Why do consumers have to make tradeoffs in deciding what to consume? A. there are not enough of all goods produced. B. the prices of goods vary. C. not all goods give them the same amount of satisfaction. D. they are limited by a budget constraint. 3) What is the term in economics
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ECO/561 1) If a firm in a purely competitive industry is confronted with an equilibrium price of $5‚ its marginal revenue: A. will be greater than $5 B. will also be $5 C. will be less than $5 D. may be either greater or less than $5 2) A firm that is motivated by self interest should: A. always use large amounts of cheap inputs and small amounts of expensive inputs in producing its output B. hire each input so the productivity of each is equal at the margin C. always
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