NSS Exploring Economics 3 (Second Edition) Consolidation Worksheets Chapter 16 Competition and efficiency Test yourself 16.1 Refer to the following table. Quantity (units) MB ($) MC ($) 1 13 1 2 11 2 3 8 3 4 4 4 5 0 5 Calculate the value of the deadweight loss for each of the following output levels. Based on your result‚ determine which of them is inefficient. a. 2 units b. 4 units c. 5 units Answers: a. Deadweight loss = (______ of 3rd unit – ______ of
Premium Supply and demand
Chapter 1 The Power of Markets Charles states as his number one point that economics is really unpredictable. He uses the Coca-Cola Company as a fine example for this. That company starts of turning out to be loss and failure but within 10 years since it started it turned out to be very profitable. Charles also states that markets are extreme powerhouses over individual’s daily lives. Markets are also self-correcting because they use prices to allocate their resources. Individuals all work
Premium Market failure Externality State
If the state ’s voters approve it‚ Proposition 34 will eliminate the death penalty in California and replace it with life in prison without the possibility of parole. Specifically‚ Proposition 34 will: Repeal the death penalty as maximum punishment for people found guilty of murder and replace it with life imprisonment without the possibility of parole. Apply retroactively to people already sentenced to death. Require people found guilty of murder to work while in prison‚ with their wages to be applied
Premium Murder Capital punishment
Business Cycles Business Cycles ► The value of real GDP over time shows periodic fluctuations in its movement ► The business cycle refers to the periodic fluctuations of economic activity about its long term growth trend ► The Business cycle is the more or less regular pattern of expansion (recovery) and contraction (recession) in economic activity around the path of trend growth. At cyclical peak‚ economic activity is high relative to trend At a cyclical trough‚ the low
Premium Macroeconomics Monetary policy Inflation
Addressing and Classes Exercise 8.1.1 Network ID: 110 Host ID: 10.10.1 Network ID in binary: 1101110 Host ID in binary: 101010101 Exercise 8.1.2 Class Range Network ID Host ID Possible Networks Possible Hosts per Network A 0-127 A b.c.d 2^7 2^24 B 128-191 a.b c.d 2^14 2^16 C 192-223 a.b.c D 2^21 2^8 If you used the number of bytes instead you would get a whole different amount of possible networks which isn’t right. Exercise 8.1.3 No I will not fit in this the 192-223 range. Exercise 8.1.4 Network ID:
Premium IP address
MESSIAH IN PSALM 22 Many psalms contain references that are considered to be messianic‚ but none more than Psalm 22. Modern readers may read this passage and consider it as prophecy pertaining to Jesus. This is a logical conclusion considering that it is referenced in the New Testament more than any other Old Testament passage and contains imagery incredibly similar to what is found at Jesus’ crucifixion. The purpose of this paper is not to prove that Psalm 22 is prophetic and thus‚ predictive
Premium Jesus Old Testament Bible
Usually‚ business success has been proved to rely in the end on superior resources. @Pages and References: Pages 10-12 a. T *b. F 7. From the military arena‚ tactics are about actions and techniques for winning battles‚ whereas strategy is about winning the war. @Pages and References: Pages 12-16 *a. T b. F 8. Strategic decisions are likely to significantly affect the organisation as a whole and involve major resource commitment. @Pages and References: Pages 12-16 *a. T b. F 9. Business strategy
Premium Strategic management
Use of Statistical Information Statistics‚ as defined by Bennett‚ Briggs and Triola (2003) "is the science that helps us understand how to collect‚ organize and interpret numbers or other information (data) about some topic‚" (pg. 2). Statistics is an essential component in the ultimate delivery of health care. Health care professionals no longer live in the mindset where procedures are done simply because they have always been done that way; rather the current trend is leaning towards evidence-based
Premium Patient Stroke Health care
References: Dunn‚ Abe (2010). The Value of Coverage in the Medicare Advantage Insurance Market. Retrieved from https://www.bea.gov/papers/pdf/medicarepaperWorkingPaper9_2_10.pdf Economics Online. (2010 - 2014). Oligopoly‚ Defining and measuring oligopoly. Retrieved from http://www.economicsonline.co.uk/Business_economics/Oligopoly.html Enthoven‚ A.C. (1993). Why Managed Care Has Failed To Contain Health Costs. Health Affairs‚ 12‚
Premium Health insurance Economics Insurance
5. Accounting and Business techniques used. 2.5.1 Financial Ratios • Liquidity Ratios It is very crucial that an organisation meets its day to day obligations as they fall due. It is possible that an organisation that has very good and positive looking financial statement may experience liquidity problems. Hence measuring liquidity allows the organisation to better monitor its cash flows. Two commonly used ratios to measure liquidity are shown below
Premium Revenue Generally Accepted Accounting Principles Financial ratios