12.1 Suppose your elasticity of demand for your parking lot spaces is -2‚ and price is $8 per day. If your MC is zero‚ and your capacity is 80% full at 9 A.M. over the last month‚ are you optimizing? We are clearly not optimizing because we are only optimized when marginal revenue equals marginal cost. Because our costs are sunk we should lower our prices so that we can fill to capacity. 14.4 A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and
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While auditing my client‚ I found that the price the company has been paying for their widgets doubled in a year’s time. In addition‚ they are now being purchased entirely from a new vendor. After I check the fair market price for these widgets‚ however‚ it appears that they are only worth half of what the company is paying. This is one of the red flags for fraud. As an auditor it is my job to ensure to the best of my ability that the financial statements are not materially misstated due to fraud
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was the question of whether or not we have free will. I myself was once a believer of people having free will and doing what I want was my choice and my choice alone. However‚ after careful consideration and lectures I have been reversed in how I believe in free will. Is there any free will though? Many people would say yes there is and of course there are some who believe that free will is a fallacy and not to be believed. Whether or not there is free will is yet to be determined but what we
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Free Will and Determinism Both Steven Cahn and W.T. Stace have written essays concerning the compatibility of Free Will and/or Determinism. However‚ they have opposing views on the subject‚ whereas Cahn believes free will and determinism are incompatible and Stace believes that they are. Free will can be defined as one’s ability or power to freely make choices that are unconstrained by external circumstances or by an agency such as fate. On the other hand‚ Determinism can be defined as the‚ “philosophical
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helps a writer freely think about anything and does not block their ideas. When a writer is done brainstorming then he/she can review their ideas and that should help them find a good subject to discuss on their paper. Another type of prewriting is free writing;‚ you fill a piece of paper with any idea that comes to mind about your
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The Price of a Teenage Life Daysha Jones Eng Comp II Dr. Cobb November 23‚ 2009 The Price of a Teenage Life Prostitution is known for being a legal act done by women late at night‚ or sometimes during the board daylight. It’s known for being an international issue of young girls getting sold to the highest bidder‚ but it’s flooding the streets of America. As stated by Fang that‚ “trafficking in children for sex was once thought to be a problem beyond America ’s borders. But the FBI and
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and weight lost products. People of all races‚ creed and color worry about their weight‚ and this ranges from male to females of all ages and all cultures. Learning what products are truly fat free can done by analyzing the fat content and protein content of the products we buy that state they are fat free and have protein to help maintain your weight. Using these three items as an example for breakfast‚ lunch and dinner I will find out the fat content and protein content of each product. Breakfast:
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believe that every human has free will and the ability to choose one’s behavior and actions‚ however there is a philosophical challenge/problem with this idea. Determinism is the idea that every event has a cause‚ and it raises several questions towards our notion of free will when it is applied to human behavior. The garden of forking paths notion of free will attempts to model how a human can exercise free will. It essentially states that the natural way to exemplify free will is the ability to choose
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presents a distinctive outlook on life narrowed to the concept of free will as opposed to blind faith driven by desire for an optimistic outcome. The crucial contrast in the story deals with irrational ideas as taught to Candide about being optimistic by Pangloss‚ his cheerful mentor‚ versus reality as viewed by the rest of the world through the eyes of the troubled character‚ Martin. This raises the question of whether or not the notion of free will is valid due to Candide’s peculiar timing of his expression
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I believe most people have some sort of consensus to what free will is; the ability to make choices. Free will cannot be simplified down to a single absolute definition because in this age‚ we don’t entirely know why or how we make these decisions. To my beliefs‚ free will is the sense where individuals can consciously think for themselves on what they want to do‚ whether that is getting the fish instead of chicken for dinner or deciding to run for president. Even though we have the option to always
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