the price of each candle is $2‚ the marginal revenue product (MRP) of the second worker is $30. Output (pizzas per hour) 0 1 2 3 4 5 6 Total cost (dollars) 20 35 49 61 71 79 85 2. Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her marginal cost of producing the fifth pizza is a. $16 b. $10. c. $8 d. $6. 3. When firms in an oligopoly successfully collude and do not cheat on a cartel agreement‚ they achieve long-run economic profit similar
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CSQ1: China’s Water Woes 2. 2007 GCE A-Level Paper H1 CSQ1: International Tourism (covered in Lecture) 3. 2008 CJC Prelims H1 Paper CSQ1: The Illegal Drug Market 4. 2009 RVHS Year 5 End of Year Exams Paper CSQ1: Challenges of the Agricultural Sector Section B: Essays 1. 2006 SAJC H1 Final Exams: Application of Demand and Supply – Price Control 2. 2008 SRJC H1 Prelims: Market Failure 3. 2008 A Levels H2 Essay: Elasticity of DD and SS 4. 2009 PJC H1 Prelims: Theory of DD and
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feelings to intervene in that particular economic decision. However‚ that was only two people out of twelve; making it ≈17% which is a very low number. In other words‚ if only 17% of the humans in a market are making irrational decisions‚ then those ECON 001 SAQUICELA !1 decisions are not going to have a big impact on the level of rationality of the market. Although some humans in the market are making irrational decisions‚ the market remains rational. On the other hand‚ the rationalists strongly
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1. Use only 1 or 2 sentences only to answer in terms of economic concepts. [10 points] a. What are automatic stabilizers? Automatic stabilizers are part of the fiscal policy and are built into the federal/state/local tax and transfer systems. They are put in place to stimulate aggregate demand in a recession without the need for action by policymakers. Corporate and personal income taxes are the best-known automatic stabilizers. For example: when the economy is in its growth stage‚ our progressive
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History 102 Xenophon Xenophon‚ the author of the document‚ The Constitution of the Lacedaemonians‚ was born in 434 BC and became a middle-class Athenian but was later exiled to Spartan land (pg. 81). This document was written in order to keep record of the way life was lived back in Sparta where he fulfilled his exile. The law maker‚ Lycurgus‚ was a very creative and intuitive man but additionally he was fair and just. Lycurgus made laws that would honestly benefit everyone in Sparta to the fullest
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Quiz 6 Question 1 of 12 4.0/ 4.0 Points Which of these compounds would you expect to be least soluble in water? A.NH3 B.NaCl C.CH3OH Correct D.N2 E.not enough information Answer Key: D Question 2 of 12 0.0/ 4.0 Points Which of the following substances is NOT a solution? A.brass B.air C.vodka D.copper Incorrect E.All of the above are solutions. Answer Key: D Question 3 of 12 4.0/ 4.0 Points Hexane‚ a nonpolar solvent‚ will dissolve which of the following substances? A.ammonium
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Galileo (Graded) Describe the contributions of Galileo to astronomy and the Copernican revolution. Include in your response a list of observations made by Galileo of the Moon‚ the Sun‚ Venus‚ and the Moons of Jupiter. Be specific‚ describe what he saw‚ the conclusions he drew from these observations‚ and how these conclusions either supported or refuted the prevailing model of the Cosmos. Be sure to provide substantive responses to at least two of your classmates. A substantive response will
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Research is at the heart of criminology and criminologists often use a wide variety of strategies to explore highly controversial issues that impact society. Briefly outline the various types of research strategies (survey‚ self-reporting‚ case studies‚ secondary analysis‚ and participant observation) discussed in your textbook and then describe how you would use each method to explore the issue of innocent defendants being sentenced to death. There are various ways to collect research data for
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University of Bahrain College of Business Administration Department of Economics and Finance Econ 341 - Monetary Economics Problem Set 6 (Chapter 22) AlShawa 1. According to the quantity theory of money‚ movements in the price level result * a. solely from changes in the quantity of money. b. primarily from changes in the quantity of money. c. partially from changes in the quantity of money. d. from changes in factors other than the quantity of money. 2. Because Keynes assumed
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990991572 English 102 April 28‚ 2012 My Writing Experience in English 102 In the following essay ‚ I will reflect on how my writing has improved and the affect of English 102 on my writing. Then I will touch on how I have attempted to overcome my weaknesses with my writing and my research project. The biggest thing I have learned from English 102 is how to become a better writer. Writing is a difficult process for me. Originally starting the writing process
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