Chapter One Technical Problem 2 a) Implicit Costs: Opportunity cost = $500‚000 x 14% = $70‚000 Explicit Costs: What is paid for products/services = $80‚000 Total Economic Costs: Implicit Costs + Explicit Costs = $70‚000 + $80‚000 = $150‚000 b) Economic Profit: Total Revenues – Total Economic Cost = $175‚000 - $150‚000 = $25‚000 c) Accounting Profit: Total Revenues – Explicit Costs = $175‚000 - $80‚000 = $95‚000 d) New Implicit Costs = $500‚000 x 20% = $100‚000 Economic Profit: $175‚000 –
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Governments Can Sometimes Improve Market Outcomes The ten principles of economics unify the several central ideas that revolve around the study of economics. Focusing on the seventh principle‚ it is seen to be concerned with how people in an economy interact with one another. The seventh principle states that‚ ‘Governments Can Sometimes Improve Market Outcomes.’ (Mankiw‚ G. N.‚ 2012) It is a common belief that markets are a powerful way of organizing society’s scarce resources efficiently. However
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How to Brush Your Teeth Brushing your teeth is very important to do. You must brush your teeth every day so you won’t get cavities or gum diseases. Things you will need • Toothbrush • Toothpaste • Floss • Mouthwash • Water (cup if necessary) • Towel [edit] Steps 1. Get all of your supplies ready. Things like toothbrush‚ tooth paste‚ floss (optional) and a mouthwash solution (optional) must be available in your home. Take these into the bathroom! 2. Wet your toothbrush slightly
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Current Economic State What is now being called the Great Recession lasted from December 2007- June 2009‚ it is the longest recession since the Great Depression. Statistically‚ the current expansion has not been good with major issues circling around weak residential and commercial real estate markets and a high unemployment rate. The current economy in the United States is expanding slowly. Although the economy has grown‚ it is not growing fast enough to sustain the unemployment rate in America
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Throughout history‚ government intervention has been a hot topic. But how has government intervention affected the idea of civil rights? In short‚ the effect of this intervention is negligible. Has government intervention helped to establish racial equality? It has been minimally‚ we can see this exemplified through countless acts‚ laws‚ amendments‚ and movements. Has equality been achieved and why has it taken hundreds of years to get to where we are? No‚ it hasn’t‚ and it’s taken so long because
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Many aspects affect the way international business is conducted. Differences in the social‚ cultural‚ economic‚ legal and political conditions of the country affect international business procedures in different levels and degree depending on the countries infrastructure and relationship. Social differences range from a country’s income per consumer‚ literacy rates‚ religious beliefs and code of ethics. Social conditions affect the way companies conduct business and the development and promotion
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Data | 3 | | b. Construct a context diagram based on the table you prepared in part (a). Webster‚ Inc. Context Diagram Customer Customer Monthly statements Monthly statements Webster‚ Inc. Order entry process Webster‚ Inc. Order entry process Payments Payments Cashier Cashier Checks Checks SP 4-2 Prepare a physical DFD based on the output from Short Problem 4-1. Webster‚ Inc. Current Physical DFD 2.0 Cashier 2.0 Cashier
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with that. Just be careful about the decisions you make because they could affect your health in the future. Avoid drugs Tabaco and alcohol. If you make good decisions now you can lead a healthy life later on. In my opinion Tabaco and alcohol are both drugs‚ but for the sake of the essay I will stick with just a drugs category. Drugs are bad will just start with that‚ not only are they illegal they are extremely harmful for your health. For this essay I will use marijuana as an example. Marijuana has
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Behaviour Assignment # 03 Assignment Tiltle: How to Improve Employees Motivation in our organization in context of Motivational Theories. Submitted By : Engr Adnan Khalid E/M-SPR10-062 Submitted To: Prof Suhail Rizvi Motivation is the activation of goal-oriented behavior. Motivation is said to be intrinsic or extrinsic. The term is generally used for humans but‚ theoretically‚ it can also be used to describe the causes for animal behavior as well.
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Topic One: Introduction to Organizations and Organization Theory Dr. Carrie Lee MGT B344F (2014 Sept) 1 + Understand the meaning of organization and its importance. + Outline the evolution of organization theory. + Explain what organization theory can do for manager. Dr. Carrie Lee MGT B344F (2014 Sept) 2 + We live in an organizational world + Organizations surround us and affect us + We also affect organizations (intentionally & unintentionally) + Organizations
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