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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Part 2. Total 50 marks ( 10 marks each). 1. Explain why you would be more or less willing to buy gold under the following circumstances: a. Gold again becomes acceptable as a medium of exchange. (2 marks) b. Prices in the gold market become more volatile. (2 marks) c. You expect inflation to rise‚ and gold prices tend to move with the aggregate price level. (3 marks) d. You expect interest rates to rise. (3 marks) Outline of solutions: (a) More‚ because it has become more liquid;
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College Tuition should be lowered? The dreams of numerous college students are being crushed before they even step through the doors of their dream university. Imagine being accepted only to see the price tag for four years at the school is a quarter of a million dollars that’s enough to make the most ambitious people stop and think. It’s way too expensive! College that is‚ families of all sizes are reconsidering where they send their children. Why? Some may ask this question it’s due to the rising
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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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$20‚000. Many people may say that it is crucial to pay all of this money in order to attend college‚ but most students are being put into debt‚ they are being required to take out loans‚ and most of the money that students pay towards their college tuition does not benefit them directly. The cost of higher education is a main reason that young people are in debt because by the time they graduate‚ they owe thousands of dollars
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Business Proposal Timothy Anderson ECO 561 Daniel Rowe July 16‚ 2012 Business Proposal A current issue with home health care and senior citizens is the need for medicine and food. In the current state of the economy with the rise and gas prices and the need of people to still commute‚ people have to figure out ways to get to and from pharmacies and grocery stores. In the economy two markets that will not fail in recession are discount retail food and medicine because people need both to
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College Tuition Although free college tuition sounds like a dream come true‚ there are many more negatives that would out rules the few positives. (bridge) College tuition should not be free in the United States. Making college tuition free will not actually be free‚ public education is primarily funded by property tax. Taxes will go up and all property owners will be paying for the tuition of other students whether they have college aged children or not. Then when the students that are attending
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opportunity to shape the market but also to position Eco Preferred as a premium Product. The value of Eco Preferred comes from the fact that it is going to be a differentiating tool for companies purchasing it. Companies are used to purchasing electricity as a commodity & focusing only on price. Brand could help address this problem by giving a name and an identity to their clean power production assets. Question 2: How should Exelon implement its Eco-Preferred Power offering? Answer: Regarding
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Task B: Research and Account of Abuse Account No.1: Ashcourt Nursing Home: 81 year old Maria Worroll Maria Worroll‚ 81‚ suffers from Alzheimer’s and arthritis‚ and requires around-the-clock care. "An elderly woman was physically assaulted by a male carer and mistreated by four others in a care home classed ’’excellent’’ by the national regulator‚ the Care Quality Commission. Jane Worroll secretly filmed her mother’s room in Ash Court‚ London‚ after she noticed bruising on her mother’s arms and
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Discussion 2 The day to day life in United States for me in the 70’s were somewhat poor and if you wanted to succeed in life you had to work a little bit harder than other folks did at that time because low paying jobs were looking out for themselves . And the government and our president were not only telling our American people what they wanted to hear but draining the country dry by going further and further in debt then we should. During these years the pled of AIDS and HIV didn’t take
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