ECON CHAPTER 4 PRACTICE QUESTIONS Names____________________ 1. Melissa buys an iPod for $ 120 and gets consumer surplus of $ 80. a. What is her willingness to pay? b. If she had bought the iPod on sale for $ 90‚ what would her consumer surplus have been? c. If the price of an iPod were $ 250‚ what would her consumer surplus have been? 2. An early freeze in California sours the lemon. Explain what happens to consumer surplus in the market
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Weeks 3 & 4 Video Case Analysis REPORT INTENT: This report has been created to advise CanGo’s management as to appropriate courses of action needed to address various challenges facing the firm. This is the second report in a series of reports. This will cover the strategic planning for the operations and the financial planning for implementing new technologies. As well as a flow chart that will improve the telephonic procedures of customer service. This report will also review other issues
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Questions for Critical Thinking 4 Salvatore’s Chapter 8: a. Discussion Questions: 2 and 10. 2. (a) What is the distinction between marginal cost and incremental cost? (b) How are sunk costs treated in managerial decision making? Why? (a) Maringal cost is the change in total costs or in total variable costs per unit change in output (Salvatore‚ 2012‚ pg. 718). The main reason to determine marginal cost is to gain understanding and knowledge of when a company reaches economics of scale. However
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interested to know how the researcher selected a size of 600. What were the researchers goals when researching customer satisfaction? What type of budget did the consultant have? Out of the 600 people in the sample‚ what similar characteristics do each participant share among one another? For example‚ are all 600 without an insurance claim? How many of the participants are new? How many have been with the company for 5+ years? The demographics of the sample size would be interesting to know as well
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Biology SL – Chapter 4 questions Page 57 1. a) Difference between protein and polypeptide: Proteins have a structure formed by one or more polypeptide chains whilst a polypeptide is a chain of amino acids. b) Fat and oil differences: They are both lipids‚ but fats are solid whilst oil are liquids. c) Difference between starch and glycogen: Starch is a polysaccharide found in plant tissue whilst glycogen has polysaccharide found in animals. d) Condensation and hydrolysis:
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Questions 1‚ 2‚ 3‚ and 4 on page 249. 1. What is the difference between supply chain management and demand management? Supply chain management is concerned with the design and management of value-added process that not only cut across organizational boundaries but must be tightly integrated to allow information and materials to flow and be deployed within and across them. Demand management refers to decisions that are taken to affect the quantities demanded of one or more product that are served
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opinions of experts. 3. What was your rationale in assigning “1” risk impact/risk factor value of “Critical” for an identified risk‚ threat or vulnerability? The “1” risk‚ threat‚ or vulnerability impacts compliance and places the company in position of increased liability but is not as critical as “2” or ‘3.” 4. When you assembled all of the “1” and “2” and “3” risk impact/risk factor values to the identified risks‚ threats‚ and vulnerabilities‚ how did you prioritize the “1”‚ “2”‚ and “3” risk elements
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University of Phoenix Material Your Daily Routines – Then and Now Use the following form to describe your daily routines before you were a college student versus a typical day’s routine now that you are a college student. Using the form as a reference‚ answer the questions that follow in at least 50 words each. Daily Routine Form Day Before college After college Sunday Wake up‚ eat‚ take care of the kids‚ fix around and just relax Wake up‚ eat‚ take care of the kids‚ watch movies with
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Week 4 Discussions Week 4 Discussion Question 1 What is break-even analysis and how does it work with cost–volume–profit analysis? As a manager‚ what decisions would you make to achieve a lower break-even point? The CVP analysis is the level of activity at which total revenues equal total costs (both fixed and variable). A break-even analysis is the process of finding the break-even point. The cost-value-profit is the study of how specific costs respond to changes in the level of business
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Review Questions Name ________John Bailey__________ Answer the following questions (you may use MS Project Help): 1) What are the three base calendars included in MS Project and what are the default values of each? Standard - Default base calendar‚ Monday to Friday‚ 8 to 5‚ lunch noon to 1. This is the default base calendar used for the project‚ for tasks and for resources. Night Shift - Usually for graveyard shift‚ 11 PM to 8 AM‚ five days a week‚ lunch 3 AM to 4AM. 24 Hours
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