Take-Home Exam Exercise 1 (a) If the emissions in the area are left unregulated then the two factories will emit as much as they can‚ which means there will be zero abatement (MAC=0). So we have: Factory A: MACA=0 4000-EA=0 EA=4000 Factory B: MACB=0 4000-4EB=0 EB=1000 For the socially optimal level of emissions we have: MACA=4000-EA EA=4000-MACA MACB=4000-4EB EB=1000-0‚25MACB By adding the above by parts we get: E=5000-1‚25MAC MAC=4000-0‚8E The socially optimal level of emissions
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resulting domestic ideal‚ she shows‚ focused only on white‚ middle-class women but failed to meet the needs of its targeted audience. Scanlon argues convincingly that what the ads proffered would not satisfy "inarticulate longings for personal autonomy‚ economic independence‚ intimacy‚ sensuality‚ self-worth‚ and social recognition" (p. 10). Scanlon’s larger task is to demonstrate how from 1910
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Final Examination of Economics 1.When the money market is drawn with the value of money on the vertical axis‚ if the price level is above the equilibrium level‚ there is an a. excess demand for money‚ so the price level will rise. b. excess demand for money‚ so the price level will fall. c. excess supply of money‚ so the price level will rise. d. excess supply of money‚ so the price level will fall. 2.According to the classical dichotomy‚ when the money supply doubles which
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1. (Chapter 06): Describe a relational DBMS (RDBMS)‚ its underlying data model‚ data storage structures‚ and manner of establishing data relationships: a. A relational DBMS (or RDMBS) is a data management system that implements a relational data model‚ one where data are stored in a collection of tables and the data relationships are represented by common valves‚ not links. Pg.247 b. Data are stored in a collection of tables and the data relationships are represented by common
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Biotechnology Lecture 1: 1) A genome is: a. All of the genes in an organism b. All the DNA in an organism‚ including its genes c. A method of creating stem cells d. All of the chromosomes in an organism e. All of the DNA‚ except the genes 2) DNA stands for: a. Detroit Neutron Association b. Dioxin Ribonucleic Acid c. Dioxygen Nueberg Assay d. Deoxyribonucleic Acid e. None of these answers are correct 3) The first draft of the human genome was first published in the Journal Nature. Knowing all the
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INSTRUCTION: Answer ONLY FOUR (4) Questions in A-4 size paper. 1. a) Use a downward-sloping demand curve to explain a change in quantity demanded. (5 marks) b) Use a diagram to show how each of the following events affects the equilibrium quantity and price of cakes: i. the cost of ingredients of cakes falls. (4 marks) ii. households tend to prefer buns to cakes. (4 marks) iii. cakes is assumed a normal good
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PLEASE DO NOT WRITE ON THIS EXAMINATION FORM. 1. Which of the following statements is correct? a. Real GDP is the total market value of the final goods and services produced in America for sale in a year valued in the prices of 1992. b. Your buying stock in the stock market is an example of investment spending c. Potential Real GDP is always greater than Equilibrium Real GDP d. Social security and welfare are examples of spending on infrastructure
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ECS1260-65 ECONOMICS (FOR BUSINESS AND) MANAGEMENT 2012-13 Seminar Exercises 16 (to take place in Week 20 starting 11th March 2013) 1) Please say whether the following statements are true or false: a. The main functions of money are the medium of exchange‚ store of value and unit of account. b. The monetary base is cash in circulation plus bank deposits. c. Money supply is monetary base plus bank deposits. d. When the Central Bank acts as a lender of last resort‚ it is
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tax rate; by law‚ the tax burden is split 50-50 between employer and employee. So‚ 7.65% of the employee’s earnings on each paycheck is deducted for FICA taxes‚ and 7.65% of the employee’s earnings is paid in FICA taxes by the employer. Is the economic incidence of the FICA tax shared equally by employer and employee? Explain.
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The process of social construction of reality involves the following: Choose one answer. a. Human routinizations‚ significations‚ and institutions. b. Human typifications‚ significations‚ and institutions. x c. Human significations‚ routinizations‚ and institutions. d. Human routinizations‚ typifications‚ and institutions. Question 2 Marks: 1 Tactics are the concrete actions that are taken to implement a strategy. Answer: xTrue False Question 3 Marks: 1 Expert power is Choose
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