ECO1104D Introduction to Microeconomics Fall 2012 Assignment 1 due on October 4 in class (Total 80 points) Q1. (15 points) The following table shows production possibilities for two items—chairs and tables. Combination | Chairs | Tables | A | 0 | 6 | B | 8 | 5 | C | 15 | 4 | D | 21 | 3 | E | 26 | 2 | F | 30 | 1 | G | 33 | 0 | (a) What is the opportunity cost of producing the first table? (33-30)/1=3 (b) What is the opportunity cost of producing the third table?
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Demographic is a study of human population which based on few aspects such as population density‚ population composition and lifestyle choices. While housing characteristics is define as the differences in housing such as the size‚ type and age of house. Generally speaking‚ demographic factors will result in having different housing characteristics. To illustrate this relationship‚ two suburbs‚ Stuart Park and Nightcliff from Darwin have been chosen. First of all‚ Darwin is a tropical wet and dry
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Role of local government in housing i. Examination of the housing conditions of the area‚ estimation of demand including the requirement of special groups such as the aged‚ physically handicapped and the homeless ii. Assessment of the housing supply including the physical condition of the existing dwelling and the size and scope of the building and acquisition program of all the agencies involved iii. Research to assess housing need to ensure that all available resources are used to the
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choosing to demolish public housing‚ Mayor Daley took a stand which dispersed gangs and health issues in Chicago‚ and also forced individuals to find a job and live somewhere else despite a risk to his career because there was a lot of controversy on whether or not to keep public housing. The idea of public housing came from the need of affordable housing options from low-income people. As a result of this‚ many indigenous people came to the high rises and public housing developments. They filled up
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Around the world there is so many adults‚ teens and kids that are in poverty. These people suffer from sickness and diseases because they can’t afford medication. The government should assist people in need‚ affordable housing‚ and have an equal education. First‚ everyone should have a chance to get education. But people in can’t because they are more focused on surviving. You never know if someone could discover something great that could help everyone but since they can’t afford school‚ they won’t
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HOUSING REQUIREMENTS FOR CHICKEN - LAYER LPM605- SHELTER MANAGEMENT PRASOON 10/11/2011 Contents Essentials of Good Housing: 3 Location of Poultry House: 3 Housing requirements: 4 Poultry housing systems: 7 Styles of Poultry Houses: 11 House Construction: 11 Housing requirements for layer birds Poultry is housed for comfort protection‚ efficient production and convenience of the poultry man. Essentials of Good Housing: Comfort: The best egg production is secured
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Explain the positive and negative factors of counter-urbanization. (15 marks) Counter-urbanisation is the movement of people from urban areas into rural areas (leaving the city and moving to smaller towns and villages). It can involve either a movement of employment to rural areas‚ or a movement of people to rural areas who then commute‚ and this involves people like middle class families or young professionals. This tends to happen in areas that have good transport links such as St Ives Cambridge
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Factors Affecting Housing Market Financing - Most consumers have to borrow from a lender in order to afford the purchase of a home. When banks get stricter on loan approvals‚ fewer houses get purchased. If loans are being approved rapidly and more people can afford to by the homes‚ the home‚ supply will decrease‚ allowing owners the choice to increase the price. Supply and Demand - Supply and demand impacts prices in any industry. If more consumers want a good than there are of those goods
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Bursting of the housing bubble led to the financial crisis started in 2006. To change these negative occurrence governments needed to have a proven monetary solution to mitigate the negative consequences and finally overcome this crisis. To achieve it‚ this is essential that the central bank and other interaction groups control the monetary base. First of all it is important to make sure that increases or decrease in the money supply which includes checkable deposits‚ M2—M1 plus time deposits and
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It’s difficult to exaggerate the influence the housing boom made on the economy as a whole. During the very height of the obsession‚ the funding‚ creation‚ and furnishing of homes had become the dominant motor of the U.S. economy. And while everyone recognized the affluence‚ few released apprehension about the forthcoming expenses. Additionally‚ the profits made by real estate “flippers‚ homeowners removed billions of dollars per year from their homes. This process converted houses into “tax-free
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