Assignment 1 In Microsoft Excel‚ complete the table below‚ then using one chart‚ draw the following curves: * Short-run average product (AP) curve; * Short-run marginal product (MP) curve. Table showing the Average and Marginal product of labor for a hypothetical firm Amount of labor( units) | Amount of capital(No. of machines) | Output of parts(Q‚ hundreds of parts) | AP (Q/L) | MP (∆Q/∆L) | 0 | 5 | 0 | | | 1 | 5 | 49 | 49.00 | 49.00 | 2 | 5 | 132 | 66.00 | 83
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La Mesa Watershed in Quezon City is the primary source of drinking water of about 12 million Metro Manila residents. The property is owned by the Metropolitan Waterworks and Sewerage System (MWSS)‚ a government agency. La Mesa Watershed is 2700 hectares‚ 700 hectares of which is the reservoir and 2000 hectares of which is the surrounding forest. This forest is the last remaining one of its size in Metro Manila and serves as its carbon dioxide sink. La Mesa Watershed‚ therefore‚ is vital to the city
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but profits. They are willing to jeopardize the mother nature of our home in exchange of their own benefits. Unfortunately‚ some of them have power and authority. In Edward Abbey’s work “Eco-Defense‚” he compares those people to our enemy who broken into our house‚ and called them “three-piece-suited gangsters.”(Eco-Defense. Abbey.) Clearly‚ Abbey was frustrated because those people controls the government and major corporations; therefore‚ they are hard to reach and very difficult to correct their
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Moreover‚ Toshiba has released a greening project called ‘Toshiba Eco Style’ for representation of the long-term sustainability and preservation of the natural resources (Toshiba Eco Style‚ 2012). This project contains the Greening of Process relating reduction of environmental impacts in manufacturing systems‚ Greening of Products which is usage of environmentally friendly
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This paperwork of ECO 100 Week 2 Discussion shows the solutions to the following problems: DQ 1: Supply‚ Demand Equilibrium Professional Sport players generally are paid much more than farmers‚ factory workers‚ engineers‚ and teachers. The markets for the professional sports players‚ farmers‚ factory workers‚ engineers and teachers are generally competitive markets. Even among professional sport players‚ the salaries for players in some sports are generally significantly higher than
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Week Two Summary Eco/365 Week Two Summary Week Two has been an interesting‚ yet exciting‚ week for Learning Team B. The topic of week two was production and cost analysis. Students were required to analyze the relationship between productivity and the cost of production. Week two also had students analyze the effect of changes in the supply of and demand for factors of production on the price of inputs. Through the two discussion questions for week two students were able to take the information
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(PACKAGING AND LABELLING) FOR INDIAN MARKET…. PREFACE The pharmaceutical industry is undergoing a drastic change with the new strategies and regulations being introduced. The Food and Drug Administration (FDA) regulations for pharmaceutical companies on packaging and labelling are constantly evolving to meet new challenges and demands as consumers’ attitude is shifting towards prevention and wellness and hence to the Over the Counter ( OTC) medicines. Given that packaging and labelling are among the
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Assignment ( ECO 401 ) 1. Answer to part a. As the market clearing level is the quantity supplied equal to quantity demanded. Formulas Qs = 12000 + 50P Qd = 52000 - 30P Qd = Qs-----------------(1) Putting values in the above equation we get‚ 52000 - 30p = 12000 + 50p 52000 - 12000 = 30p + 50p 40000 = 80p P = 500 Clearing level of price (P) = 500 Clearing level of quantity (Q) = 52000 - 30P = 52000 - 30(500) Clearing level of quantity (Q) = 52000 - 15000
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International Trade and Finance Speech International Trade and Finance Speech The current state of the U.S. macro economy is made up of a plethora of highly involved processes. I am going to attempt to explain some simple terms and concepts focused on international trade and foreign exchange rates. Foreign Exchange Rates One needs to have a base level understanding of what defines an exchange rate. According to Investopedia‚ a foreign exchange rate is “The price of one country’s currency
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Mary Baldwin ECO202 Module 1 SLP 1/25/13 Trident University 1. Identify and briefly describe the organization you are going to use. Why do you think it will be an interesting focus for your application of economic ideas? I picked to do my SLPs on the Dell computer corporation. When reading the module instructions‚ I was hoping to see Apple on the list because I am somewhat familiar with the company. Though Dell wasn’t my first thought‚ I’m glad to have found it on the list since I have read
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