MS 3229 2012/2013 SEMESTER ONE – CLASS TEST DEWT/ DCEB 2FT - ENGINEERING MATHEMATICS 2 Time Allowed: 30 mins Instructions To Candidates: 1. 2. 2. 3. 4. 1. All the SP exam rules are to be complied with. A ‘mathematical formulae and tables’ card is provided. All non-exact answers are to be corrected to 3 significant figures All answers are to be written in the answer booklet provided. Answer ALL the THREE questions. The level of pollution (measurements y in coded units) in a city and the corresponding
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ECO 5305 Final Exam Answers underlined in yellow 1. Fixed costs include: a. variable labor expenses. b. output-related energy costs. c. output-related raw material costs. d. variable interest costs for borrowed capital. 2. Marginal cost equals: a. average variable cost at its maximum point. b. the change in total fixed cost divided by the change in quantity. c. the change in total variable cost divided by the change in quantity. d. total cost divided by quantity
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1a) Explain how the different features of monopolistic competition and oligopoly affect price and output determination in these market structures. Both monopolistic competition (MPC) and oligopoly generally determine price and output based on the profit-maximising condition that marginal cost (MC) equals to marginal revenue (MR). Due to the different features of both monopolistic competition and oligopoly such as the barriers to entry (BTE)‚ which affects the number of sellers as well as market
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Name:_________________________ ECO 101 Principles of Microeconomics Final Exam Spring 2006 Form A There are 30 multiple choice questions and 5 short answer questions on this double-sided exam‚ so be careful not to skip any questions! Part I: Multiple Choice (60 points) Read each question carefully and select the best response. Fill in the corresponding circle on your answer sheet. 1. If the total output of candles in Nick’s Wicks shop increases from 20 per hour to 30 per hour
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Micro Chapter 25 Practice Questions Key 1. Derived demand is the demand: A) that arises because of monopoly control of resources in a market. B) for a product based on the tastes and preferences of consumers. C) derived from consumer satisfaction with a product. D) for a resource to produce a product. Answer: D 2. Marginal revenue product is the increase in: A) total revenue from a decrease in the price of the product. B) marginal revenue from a decrease in the price of the product
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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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Sociology Quiz #1: The Sociological Imagination 1. Which of the following is the BEST example of something that sociologists might study? - How wireless technology has enabled people in developing countries to communicate beyond their local communities. 2. Anything that humans create or take notice of‚ that exerts influence or pressure on their behavior is termed a social force . Which of these is the BEST application of the concept‚ "sociological imagination"? - understanding the technology
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According to Barbour and Wright‚ Congress Quiz 5 1. According to Barbour and Wright‚ Congress A. is rarely able to override a presidential veto. B. overrides a presidential veto about half of the time. C. overrides a majority of presidential vetoes. D. has not overridden a veto in the past fifteen years. E. does not override presidential vetoes because Congress members do not feel it is worth their time. 2. Barbour and Wright contend that the president’s public approval rating tends to be affected
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SAMPLE QUIZ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question by circling the correct answer. 1. In the field of organizational behaviour‚ organizations are best described as: A. legal entities that must abide by government regulations and pay taxes. B. physical structures with observable capital equipment. C. social entities with a publicly stated set of formal goals. D. groups of people who work interdependently towards some purpose
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HUM C110 Quiz 3 1. The term for a sound that has one definite frequency is A tone rhythm tempo harmony 2. When notes sounded together tend to be grating or unpleasant‚ the resulting sound is called harmony timbre C dissonance consonance 3. A group of notes played in succession with a perceivable "shape" A is called a melody produces harmony produces consonance produces dissonance 4. Dynamics in music refer to its rhythm consonance or dissonance
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