PROBLEM SET 1 Name: ______________________________________________ Problem Set 1 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 2. 1. Based on the information provided for the market for video games‚ answer the following questions. PRICE Q DEMANDED Q SUPPLIED $50 5 9 $45 7 7 $40 9 5 $35 11 3 $30 13 1 a.) Draw and properly label the demand and supply graphs (this means you must label the axes and any lines you include on the graph). b.) What is the equilibrium
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Profits Katherine Carpenter Liberty University Econ 213 Gwartney states that profits are; “An excess of sales revenue relative to the opportunity cost of production. The cost component includes the opportunity cost of all resources‚ including those owned by the firm. Therefore‚ profit accrues only when the value of the good produced is greater than the value of the resources used for its production.” An example of a profit would be bakery offers a cheesecake for $20 and the total cost to make
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Based on the information provided for the market for video games‚ answer the following questions. PRICE Q DEMANDED Q SUPPLIED $50 5 9 $45 7 7 $40 9 5 $35 11 3 $30 13 1 a.) Draw and properly label the demand and supply graphs (this means you must label the axes and any lines you include on the graph). b.) What is the equilibrium price and quantity? a.) b.) PRICE: $45 QUANTITY: 7 Now‚ assume that a new government report claims that video game
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Organizational Design and Structure For performance organization to be efficient‚ it must be based on a vertical organizational structure for the strategy formulation and decision-making to be accomplished by the top executives. This is then passed down the vertical hierarchical chain to be taken care of by lower workers within the organization or company. Due to this type of structure‚ all the control of the information that is used to complete any and all necessary tasks in order to obtain the
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Discussion Board Forum 3 Harriet Sanders Liberty University Barney is dealing with several legal issues involving his property in this case. As a spiritual friend and attorney of Barney‚ I will advise him of his legal rights and obligations regarding his property. Then‚ I will remind Barney not to make any sudden decisions before asking God for assistance. James 5:11 (English Standard Version) states‚ “Behold‚ we consider those blessed who remained steadfast. You have heard of the steadfastness
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Discussion Board 1/ Week 1 Business Ethics Benji Watson graduated near the top of his class in the Liberty University MBA program and he was recruited by several national corporations. One of those corporations was New Gen Health Sciences. New Gen manufactures and sells various vitamins‚ health foods and health supplements and it was recently featured in Fortune Magazine as one of the fastest growing companies in America. Benji was invited to attend a weekend long “Get to Know Us” event at New
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Discussion Board #1 Answer the following questions in the Discussion Board after reading chapter 1 & 2. 1. Is it possible for an economy to be based entirely on services? I think so. It is possible for an economy to base itself solely on services and importing manufactured materials or raw materials from other countries. However‚ in real life‚ it is more "service dominant" than "service monopoly". 2. What is the value of self-service in an economy? It can reduce labor costs. For example
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Problem Set 1 Name:______________________ Problem Set 1 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 2. 1. Based on the information provided for the market for video games‚ answer the following questions. PRICE Q DEMANDED Q SUPPLIED $50 5 9 $45 7 7 $40 9 5 $35 11 3 $30 13 1 a) Draw and properly label the demand and supply graphs (this means you must label the axes and any lines you include on the graph). b) What is the equilibrium price and quantity? b.) PRICE:
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pointers on what to write on the DB? I just need a guide to start off with. Some guidelines for DB2: Here’s your chance to demonstrate your ability to think through a philosophical issue to its real-life implications. Start this DB by a brief discussion of the metaethical distinction between consequentialist/teleological views and deontological views in relation to the issues in this scenario. Then note how this would make a difference in the possible conclusions one might reach in this
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1. In the song lyrics section titled His Story‚ Card describes Job as “a man truly righteous” with “no pious facade.” Since Romans 3:23 says “all have sinned‚” what could the wisdom teachers have meant by designating Job as a righteous man? When Scripture states as it does in Romans 3:23‚ “for all have sinned and fall short of the glory of God”; Romans 3:9-10‚ “What then? Are we better than they? Not at all; for we have already charged that both Jews and Greeks are all under sin; as it is written
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