Economics 370 Microeconomic Theory Problem Set 6 Answer Key 1) Describe the effects on output and welfare if the government regulates a monopoly so that it may not charge a price above p‚ which lies between the unregulated monopoly price and the optimally regulate price (determined by the intersection of the firm’s marginal cost and the market demand curve). As usual‚ the monopoly determines its optimal output on the basis of MR = MC. Here‚ however‚ it cannot charge a price in excess of p*. So
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Explain Ways to embed elements of Functional Skills‚ in your specialist area Functional skills are basic skills of literacy‚ language‚ and numeracy with the addition of ICT Skills being increasingly regarded as fundamental. These skills can be transferred to enable the learner to progress at work and in society in general. As a tutor I will need to recognise basis skills needs‚ perhaps through initial pre-course assessment and discuss with the learner a discreet and sensitive referral route
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Tutorial Week 7 - Class and Entity-Relationship Diagrams 1 Class Diagrams and Entity Relationship Diagrams (ERD) Class diagrams and ERDs both model the structure of a system. Class diagrams represent the dynamic aspects of a system: both the structural and behavioural features. ERDs‚ depicting only structural features provide a static view of the system. 2 Class Diagrams 2.1 Elements of a class diagram: 2.1.1 class A class is a general concept (represented as a square box). A class defines
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thoughts‚ memories‚ feelings‚ dreams‚ speech‚ physical coordination‚ balance‚ hunger‚ and sleep. The fact that the nervous system is extremely complicated‚ without it‚ your systems in your body could not communicate. A control room inside of an oil refinery can be compared to the nervous system of the human body. The control room is the main headquarter where all the information is obtain and then used to perform any task necessary. The steps an operate must follow is: define‚ measure‚ analyze‚ improve
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The Tables TurnedWilliam Wordsworth’s stanzaic poem The Tables Turned (1798)‚ expresses his belief that true knowledge is learned through and by nature‚ not by reading books. Wordsworth uses his friendly relationship with the reader to convince them to quit their books and go out into the world and discover what it has to offer. Wordsworth’s welcoming relationship with the reader‚ his ongoing petitioning‚ and his assurance of true knowledge leaves the reader with a sense of his insight. William
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1.1. Explain the various elements of the marketing process: 1.1.a. Elements of the marketing process: The marketing process consists of four steps. These four steps are all completed with the goal of creating value for your target customers. Some elements of the steps are performed continuously‚ such as monitoring the marketing environment. Some are done annually‚ such as the annual development of a marketing communications plan. Lastly‚ some of the steps‚ if done correctly‚ should last for decades
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Kelsey 8 October 2013 Descriptive Paper The Intoxicated Drunks “Why am I naked? Why my throat is sore and why is there puke all over me? Where am I right now and why am I here?” These are the types of question that an intoxicated person usually find themselves asking after they have been drinking the night prior. Strolling into the after prom party‚ pass midnight; my friends and I enter through these gigantic mahogany doors into a house from the 21st century one that looks like Tony Starks’
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Patient Hygiene The aim of this assignment is to explain a nurse’s role in relation to assisting patient’s with meeting their hygiene needs. In order to accomplish this‚ the following areas of the subject will be highlighted; why hygiene is so important and the various aspects of hygiene such as; what influences hygiene‚ assessing a patient‚ bed bathing‚ oral hygiene and eye care. Oxford dictionary describes hygiene as “the conditions or practices conductive to maintaining health and preventing
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The Pearl‚ Ch. 1: Study Guide Directions: Answer the following questions after reading chapter one of The Pearl. Refer to the text and cite evidence to support your claims and conclusions. YOU MUST WRITE IN COMPLETE SENTENCES. Remember the RACE strategy! RESTATE the question & ANSWER the question in the first sentence. CITE the source (where did you find your answer?) EXPLAIN your response What is a parable and why do you suppose that Steinbeck calls our attention to this in his preface? A
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| | |Purpose – The purpose of this paper is to review the literature on the corporat Goverance. | The research purpose of this study is mainly descriptive since the main aim is to describe and to deeply understand the different type 1. Introduction: Traditionally defined as the ways in which a firm safeguards the interests of its financiers (investors‚ lenders‚ and creditors). The modern definition calls
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