Problem set 3 (Answer) 7.6. A farmer uses three inputs to produce vegetables: land‚ capital‚ and labor. The production function for the farm exhibits diminishing marginal rate of technical substitution. a) In the short run the amount of land is fixed. Suppose the prices of capital and labor both increase by 5 percent. What happens to the cost-minimizing quantities of labor and capital for a given output level? Remember that there are three inputs‚ one of which is fixed. b) Suppose only the cost
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CU1688: Support Positive Risk Taking for Individuals. 1. Understand the importance of risk taking in everyday life 1.1 Explain ways in which risk is an integral part of everyday life. Without a certain amount of risk taking nothing could be achieved‚ this is because even the food that we consume on a daily basis could have a negative impact on our lives. The opposite side to this are the benefits that come from taking little risks every day‚ these may include how we get to work in the morning‚ what
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A Look at “Positive Affect and Health” As Sheldon Cohen and Sarah D. Pressman first note‚ academic literature on the subject of chronic negative thoughts and affective styles is plentiful‚ focusing on the increase risk of disease. But in the paper “Positive Affect and Health‚” 2007‚ Cohen and Pressman attempt to combine literature on positive thoughts and affective style with their own research and study into the subject. Predominantly‚ the authors seek to highlight the correlation between an individual’s
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Set Up Marine Aquarium Setting up a marine aquarium is the final point of aquarist because it seems difficult and demanding. Its not same with growing a freshwater fish up. You have to pay attention a lot of different parameters of water and arrange it everytime. Many inaccurate legends have been generated about how difficult saltwater aquariums are to keep. Top Saltwater Aquarium Myths details explains why they are inaccurate. A freshwater aquarium is a bit simpler to set up and maintain
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In The Power of the Positive Woman‚ author Phyllis Schlafly sets out to redefine the dogmas of womanhood and introduce the Positive Woman‚ defined as someone who recognizes that women and men are different‚ and that those differences “provide the key to her success and fulfillment as a woman.” Rather than trying to eliminate the degradation of women‚ she claims that these dogmas have the opposite effect and demean women even more. On the contrary‚ Schlafly argues that these same differences some
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Set and Setting Points PSY/240 Mrs. Dugan Vera Ioveino November 28‚ 2010 What is the difference between set points and settling points in relation to weight control? The difference is that set points is when hunger and eating are started from falling below one’s set point or as the text describes it “prescribed optimal level”‚ Pinel‚ (2007).The theories of set point suggest that one’s weight should remain constant. However‚ many people’s weights various are weight numbers and fluctuate over
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Are people horrible? Would you say they are really great? I think for the most part we are a mix. We are a combo of good and bad. We all have our bad days and bad habits but we also have good in us. This story challenges the idea of the “straight mind” and the “crooked mind” and how they balance. I believe we balance both of these equally. The story goes that there are two brothers. There is the right handed twin who represents the good or the straight mind. Then‚ there is the left handed brother
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Some people think that the mind is the brain or some other part or function of the body‚ but this is incorrect. The brain is a physical object that can be seen with the eyes and that can be photographed or operated on in surgery. The mind‚ on the other hand‚ is not a physical object. It cannot be seen with the eyes‚ nor can it be photographed or repaired by surgery. The brain‚ therefore‚ is not the mind but simply part of the body. There is nothing within the body that can be identified as
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ESSAY 2 The question “do you think that ease does not challenge us and that we need adversity to help us discover who we are” suggests that tough challenges reveal our strengths and weaknesses. In other words‚ hardships can often lead us to examine who we are and to question what is important in life. In my opinion‚ frequent adverse conditions‚ help us disclose our inner feelings and stamina to outer world. Throughout the society and in life‚ the evidence to support my viewpoint is
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Good **** Ms/Mr *****. Now today I wish to bring to your attention the flaws of positive discrimination in our society and I hope to enlighten you as to the reasons behind a ban upon such discrimination. Now positive discrimination‚ the preferential treatment of minority groups or members within a society‚ is not really solving anyone’s problems. Because really the only way to ensure a truly fair society‚ a truly fair workplace and environment is to have the merit and ability of candidates as the
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