Travis Kellenberger AGEC 700 Problem Set #3 2) The demand curve for a product is given by Qdx = 1‚200-3Px- .01Pz‚ where Pz = $300. a) What is the own price elasticity of demand when Px = $140? Is demand elastic or inelastic at this price? What would happen to the firm’s revenue if it decided to charge a price below $140? At the given prices‚ quantity demanded is 750 units: Qdx = 1‚200- (3 *140) -.1 (300) = 750. -140/750=-.56; demand is inelastic at this price point and you would be decreasing
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Problem Set 1 1. (Star Wars) Real GDP = 461.0(214.5/60.6) = 1‚631.76 (E.T.) Real GDP = 399.9(214.5/96.5) = 888.90 (Titanic) Real GDP = 600.8(214.5/160.5) = 802.94 (Shrek 2) Real GDP = 437.2(214.5/188.9) = 496.45 (Avatar) Real GDP = 760.5(214.5/214.5) = 760.5 Real GDP in Order of Largest to Smallest Movies Nominal Box Office Receipts (millions) CPI in Year Released Real Box Office Receipts (millions) Star Wars (1977) 461.0 60.6 1‚631.76 E.T. The Extra-Terrestrial (1982) 399.9 96.5 888.90 Titanic
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Running head: SET THE STAGE FOR SUCCESS Gabby Gonzalez July 1‚ 2009 GEN/200 Abstract Everyone has a goal to meet‚ but sometimes they do not know the right way to act upon their own goals. Some could be clueless to many strategies that may help someone succeed their goals. However‚ four excellent strategies to succeed would be goal-setting‚ vision‚ time management‚ and organization. Learning these strategies in procedure will help anyone that is dedicated accomplish their goal to succeed
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Basic Mental Operations Mental operations are operations that affect mental contents. Initially‚ operations of reasoning have been the object of logic alone. Pierre Janet was one of the first using the concept in psychology. Mental operations have been investigated at a developmental level by Jean Piaget‚ and from a psychometric perspective by J. P. Guilford. There is also a cognitive approach to the subject‚ as well as a systems view of it. Since Antiquity‚ mental operations‚ more precisely‚ formal
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forgotten. They seemed to have lost their voices and cannot advocate for themselves. More than fifty four million Americans are diagnosed with a mental illness any given year‚ and many of them go without the necessary treatment. One in four adults and one in five children will have a mental disorder in their life time. The three major types of mental illness are: schizophrenia‚ delusional‚ and psychotic disorder. The symptoms shown in Schizophrenias are: auditory and visual hallucinations‚ paranoia
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Rufus Bryant National American University Composition I-WI12-EN1150 Final Draft Secrets of the Mind This summary is based on a video series‚ found on YouTube‚ depicting the findings of neurologist‚ Dr. V.S. Ramachandran. Ramachandran is noted for his use of experimental methods that rely relatively little on complex technologies such as neuroimaging. According to Ramachandran‚ "too much of the Victorian sense of adventure [in science] has been lost." In the case of Derek Steen‚ who is suffering
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YOUR NAME:_______________________________ YOUR TAs NAME:___________________________ YOUR DISCUSSION #_____________ THE GEORGE WASHINGTON UNIVERSITY Department of Economics Economics 011 Section 14 Prof. Steve Suranovic Fall 2012 Problem Set #2 – Answers Answer all of the following questions from the book and those below. HW #2 is due in class on Wednesday Feb 22nd . A. Questions from Text and Readings R&T Chapter 2-5 (online)‚ Chapter 2.4 Review and Practice (in printed textbook);
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PROBLEM SET 3 Name: ________________________________________ Problem Set 3 is to be completed by 11:59 p.m. (ET) on Monday of Module/Week 6. 1. Data for the market for graham crackers is shown below. Calculate the elasticity of demand between the following prices. Price of crackers Quantity Demanded (per month) $3 80 $2.5 120 $2 160 $1.5 200 $1 240 $1.00 - $1.50: ___________________________________ $1.50 - $2.00: ___________________________________ $2.00 - $2.50: ___________________________________
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all the struggles in the institution. But the reverse is the case. Not more than 20% of the graduates every year from different institutions of higher learning in the country gets comfortable immediately after school. Philosophers say that an idle mind is the devils workshop. Owing to the level of unemployment among graduates‚ crime rates gets on the increase. Frustration causes most of the crimes committed as a result of unemployment. Every individual would like to have their ends meet. So‚ that
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Econ 214 Problem Set 5 1. What impact will an unanticipated increase in the money supply have on the real interest rate‚ real output‚ and employment in the short run? How will expansionary monetary policy affect these factors in the long run? Explain. The money supply in an economy is the benchmark by which interest rates are determined. The supply of money is directly tied into the amount of money that can be loaned and borrowed in various capacities. The more money there is to loan
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