Problem 1 The following is a demand schedule for shoes: Price: $100 $80 $60 $40 $20 Quantity: 10 14 18 22 26 -A- Illustrate the demand curve. -B- How much will consumers spend on shoes at a price of $80? At P=$80‚ q=14. -C- As price drops from $100 to $80‚ is the demand elastic or inelastic? Show your work or reasoning. As price drops from $100 to $80‚ q rises from 10 to 14. e= (% change in qty)/(%change in price) = - [4/10]/[20/100] = -(2/5)/(1/5) = -2 Hence the demand is elastic. Problem
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Did you know about 600‚000 people died in the Civil War? The North and the South’s economies made their money in two totally different ways. The North made their money by big industries. The South used the cold-blooded system of slavery. The United States fought a Civil War because of sectionalism‚ slavery and compromises ignoring previous compromises. The United fought a Civil War because of sectionalism. “ They started many tobacco plantations and brought in black slaves from Africa to provide
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Titiana Loochkartt Political Science Professor Schander November 18‚ 2016 3. Describe the different constitutional powers of the president. What are some of the president’s most important powers? What are some of the checks placed on the president’s powers? On what date does the new president take office? The president of the United States has always played a highly important role in the history of the United States throughout the centuries written in the United States constitution Article two
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1. Why is it unrealistic for government projections to assume that the quantity of health care services demanded will not increase when Medicare subsidies push down the out-of-pocket prices of people eligible for the program? Yes‚ is it unrealistic that the quantity of health care services demanded will not increase when Medicare subsidies push down the out of pocket prices because Medicare is growing faster than the total employer and employee contribution that in the future it will not be enough
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1. Identify 3 vendor centric professional certifications in security. a. Checkpoint b. Cisco c. IBM d. Microsoft e. RSA f. Symantec 2. Within the DoD 8570.01M directive‚ which professional certifications map to the 8570.01M directive? Technical Level Level I Level II Level III A+ Security+ CISSP Network+ SSCP CISA SSCP Other: GSEC‚ SCNP Other: GSE‚ SCNA Management Level Level I Level II Level III CAP CAP CISSP Security+ CISSP‚CISM CISM Other: GISF‚ GSLC Other: GSLC Other:GSLC Computer Network Defense
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Ref. p. no‚ web links & 3 sources 1. To what extent did the American Revolution effect a fundamental change in American society? How far had Americans gone by 1790 in fulfilling the ideal of equality? What limited the pursuit of full equality in the new nation? Thomas Hutchinson‚ chief justice and lieutenant governor of Massachusetts‚ and his family were having dinner at the time on 26th August. 1765‚ the rioters got his house to destroy and to loot those properties. This riot was happening
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1. What influences a person’s choices? Our decision-making process is heavily influenced by past experiences‚ instincts‚ our emotional states‚ our capacities for delayed gratification and the strong desire not to make wrong decisions. Even some innate desire for endorphins probably adds to our decisions. When you face more and more options and information‚ it can complicate your thinking and increase your expectations of regret. 2. Does creativity mater? Yes because it empirical support as an
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1. What was the chapter about? (Main ideas and topics) Hispanic/Latino Americans faced many different unfair treatments from Anglo-Europeans. First beginning with the conquering of their land‚ then the denial of citizenship‚ and finally‚ the unequal education rights. American basically used Hispanics for their own benefit. For example‚ they allowed them to fight in the American military yet‚ they still weren’t granted citizenship. 2. What did reading the chapter make you think about? It made me
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Sippican Corporation Sippican Corporation Questions: 1. Given some of the apparent problems with Sippican’s cost system‚ should executives abandon overhead assignment to products entirely and adopt a contribution margin approach in which manufacturing overhead is treated as a period expense? Why or why not? Answer: Consider Sippican is a manufacturer company with multiple products‚ using simple cost accounting system that directly allocate factory overhead to unit of product entirely through
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Chapter 5—The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures TRUE/FALSE 1. Purchasing decisions are authorized by inventory control. ANS: T PTS: 1 2. The blind copy of the purchase order that goes to the receiving department contains no item descriptions. ANS: F PTS: 1 3. Firms that wish to improve control over cash disbursements use a voucher system. ANS: T PTS: 1 4. In a voucher system‚ the sum of all unpaid vouchers in the voucher register equals
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