Discussion Section Principles of Microeconomics Suggested Answers for Problem Set #1 Professor Scholz 1) Portray the following hypothetical data on a two-variable diagram: Enrollment Data: Nowhere U Academic Year 2000-01 2001-02 2002-03 2003-04 2004-05 Total Enrollment 3000 3100 3200 3300 3400 Enrollment in Economics Courses 300 325 350 375 400 Measure the slope of the resulting line‚ give an algebraic representation of the line‚ and explain what the slope means. Answer: Find the slope of
Premium Economics Salary Wage
CH: CRM in B2B 3 kinds of relationships: Transactional (timely exchange of products and services) Value-added (falls between transactional and collaborative) Collaborative (alternatives are less‚ complex purchases and high prices) Transactional: Timely exchange of g/s in a highly competitive market in terms of prices. Autonomous‚ no/little concerns towards the need of customers or sellers. The relationship ends once the purchase is done Types of products- packaging‚ cleaning products or
Premium Cost Sales Customer
THE TWO FACTOR THEORY (Herzberg’s Hygiene and Motivational Factors) Frederick Herzberg (1923-2000) developed a list of factors that are closely based on Maslow’s Hierarchy of Needs‚ except it is more closely related to work: Hygiene or Dissatisfiers – Working conditions • Policies and administrative practices • Salary and Benefits • Supervision • Status • Job security • Fellow workers • Personal life Motivators or Satisfiers - Recognition • Achievement • Advancement • Growth • Responsibility
Premium Motivation Maslow's hierarchy of needs Management
* Clearly define plagiarism. * Address why students plagiarize. * Discuss intentional vs. unintentional plagiarism. * Discuss the importance of citing with specific examples of improper citation and describe why this is considered plagiarism. * Discuss citing‚ direct quoting‚ paraphrasing and expressing another ’s ideas. * Define common knowledge and whether it is better to over-cite or under-cite. Plagiarize means to steal and pass off (the ideas or words of
Premium Plagiarism Citation Bibliography
What Is Globalization? Globalization is a process of interaction and integration among the people‚ companies‚ and governments of different nations‚ a process driven by international trade and investment and aided by information technology. This process has effects on the environment‚ on culture‚ on political systems‚ on economic development and prosperity‚ and on human physical well-being in societies around the world. Globalization is the process by which the economies of countries around the
Free Globalization International trade Trade
METHODOLOGY CASE STUDY RESEARCHES  INTERVIEWS  QUESTIONNAIRES What is Hypnosis? Hypnosis is a specific and unusual form of verbal control that apparently enables one person to control another person’s behavior‚ thoughts and perceptions. Examples of hypnosis: Under hypnosis‚ a person can be induced to bark like a dog‚ act like a baby‚ or tolerate pierced with needles. Importance of Hypnosis Hypnosis is important to psychology because it provides
Premium Hypnosis
1. Social action is defined as day to day decisions and actions of individuals within the social world. Social actions both influence and are patterned and influenced by social structure. According to Marx’s theory‚ in order for the potential of social action occurring to take place a society must face resistance and revolution. According to Marx’s theory societies are already divided into two main groups‚ the bourgeoisie and the proletariat. The bourgeoisie are the upper class who are owners
Premium Sociology
Conceptually‚ the change process starts wit awareness of the need for change. An analysis of this situation and the factors that have created it leads to diagnosis of their constructive characteristics and an indication of the direction in which action needs to be taken. Possible courses of action can then be identified and evaluated and a choice made of the preferred action. It is necessary to decide how to get from here to there. Managing change during this transition state is a critical phase
Premium Strategic management Management Change management
Shannon Crocker March 11‚ 2011 HTT 230 Israel Johnson Crescendo Checkpoint 2. Utilize the cost-volume-profit analysis to determine how many rooms you would need to sell to reach the budgeted revenue goal of $150 per room. Fixed costs for the hotel are $470‚000 per room‚ and the labor cost to maintain each room is $40 (Analysis of Financial Statements‚ 2011). Formula: breakdown volume = fixed cost / sales price - variable cost BV= $470‚000 / $150-$40 BV= $470‚000 / 110 BV= 4272.7 or 4273
Premium Costs Cost Price
Jet Star Airline: The Jetstar Group is a network of value based carriers providing all day every day low fares across Australia‚ New Zealand and the Asia Pacific region. We’d like to give you the chance to get to know us a little better by reading about our impressive fleet. You can also find out more about career opportunities within Jetstar‚ including our exciting Pilot Cadet Program. Jetstar Jetstar’s mission is to offer all day‚ every day low fares to enable more people to fly to more places
Premium Qantas Airline