Questions for Homework 7 1. | The value of marginal product A. | equals marginal product. | B. | describes the costs of hiring an extra worker. | C. | equals marginal product divided by price. | D. | equals average product times the wage rate. | E. | equals marginal product times price. | | 2. | The marginal product of the 14th worker is 8 and the firm sells its output for $4 per unit. The value of the 14th worker’s marginal product is A. | $2. | B. | $4. | C. | $12.
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birth and death rates‚ infant mortality‚ fertility and natural increase rate‚ and life expectancy. First of all‚ these two countries have drastically different Crude Birth Rates‚ or CBR for short. Crude Birth Rates are devised by how many babies are born per one thousand people in one year. The CBR in Haiti is 25.63 babies per one thousand people. That means if you were to take one thousand people‚ there would be roughly 26 babies born in 2016 alone. However‚ the Crude Birth Rate in Hungary is far
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Daylight Savings Time is the when you set your clocks ahead one hour in the spring‚ and turning them back one hour in the fall; Spring forward‚ Fall back. Daylight Savings Time happens in most countries around the world‚ but at different times during the year. Proponents of Daylight Savings Time believe that it not only adds more sunlight hours to the standard day‚ it saves money in energy‚ too because people don’t have to use as much electricity during daylight hours. Opponents believe that is no
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The Rate of a Reaction Chemical Kinetics is the area of Chemistry that is concerned with the speed‚ rate or mechanism at which a chemical reaction occurs. Reaction Rate is the change in the concentration of a reactant or product with time (i.e. M/s). It measures how fast a reactant is consumed and how fast a product is formed. 1.2 WRITING RATE EXPRESSIONS Consider the following hypothetical reaction. A + 2B ( 3C + D Rate = - rate of consumption of A = -[pic]rate of
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Article: Interest Rate Hikes in Brazil http://online.wsj.com/news/articles/SB10001424052702303626804579505673346899690 http://www.reuters.com/article/2014/04/02/brazil-economy-rates-idUSL1N0MU0O420140402 As the global recession still lingers‚ countries have been looking for different ways to stimulate the economy. There are multiple ways to stimulate the economy‚ primarily through monetary and fiscal policy‚ action taken by the central bank and government respectively‚ in order to adjust money
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In this report we will explain and discuss the inflation rate that happened in Australia for the last three years. The issues uncovered will allow us to see the reasons behind the decreasing in inflation rate in Australia. Lastly we will discuss the type of inflation that will happen after the collection of carbon tax that started in the beginning of July 2012. In the table and chart below are some of statistics that we obtained from several sources to aid our explanation: 1. Euromonitor International
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immersion schools system while others disagree with this as they think that people have less confidence in speaking their own language due to economic globalization. This essay argues that not enough has been done to save endangered languages due to rapid rate of language loss and insufficient funds. Many methods were adopted to save the minority languages. Master-apprentice program was one of them which was started by Leanne Hinton in 1992.It focused on native American languages in California. Gibbs(2002)
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Off the Caribbean coast of Belize‚ between Mexico and Guatemala‚ lies the Belize Barrier Reef‚ the largest reef in the northern and western hemispheres. The reef is home to many species of coral reefs‚ coastal lagoons‚ seagrass meadows‚ and mangrove forests. It provides a habitat for a large number of fish species and many endangered animals. With global warming issues‚ local activities‚ and mass tourism threatening the very existence of the reef‚ the United Nations Educational‚ Scientific and Cultural
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With equity-linked saving scheme (ELSS) or tax-saving mutual fund (MF) schemes on their way out effective April 2013 if the proposed direct taxes codea (DTC) kicks in by then‚ Budget 2012 has provided some sort of an alternative. However‚ unlike ELSS that is a mutual fund‚ the new option will in all probabilities solicit direct investments in equities. About the scheme and its features Right now there are about 3.5 crore equity investors in India‚ but over 10 crore people earn more than Rs 2 lakh
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How to increase your marks Andrew Fuller Getting better marks has a lot to do with how you approach studying. The twelve most powerful ways to increase your marks don’t involve you working harder but they do involve you working smarter. 3.Put off pleasurable activities until work is done. This is a painful one but if you play computer games before you get down to studying‚ the levels of dopamine in your brain lessen and you will lose the drive and motivation you need to study effectively. Work
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