Figure 10-1 [pic] a) Refer to Figure 10-1. The marginal product of the 3rd worker is ______ b) Refer to Figure 10-1. The marginal product of the 7th worker is ______ c) Refer to Figure 10-1. The average product of the 4th worker ______ d) Diminishing marginal productivity sets in after ______ 15) If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product of 6 units‚ then the average product of 12 workers is ______ 16) If 11 workers
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6 Cigarette Consumption “Short‚ snappy‚ easily attempted‚ easily completed or just as easily discarded before completion – the cigarette is the symbol of the machine age." New York Times‚ 1925 Annual cigarette consumption ICELAND NORWAY SWEDEN FINLAND per person 1998 or latest available data 2‚500 and above RUSSIAN FED. ESTONIA UNITED KINGDOM IRELAND NETH. BELGIUM DENMARK 1‚500 – 2‚499 500 – 1‚499 1 – 499 RUSSIAN FEDERATION GERMANY POLAND SLOVAKIA BELARUS UKRAINE
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My topic that I found interesting that relates to microbiology is Biological Warfare. It is where organisms such as bacteria‚ viruses‚ fungi‚ toxins are used to kill or injure people. Organisms that are used in biological warfare are called agents. Biological agents have been around since ancient times. Archers would infect their arrows by dipping them in dead‚ decomposing bodies or blood that is mixed with feces. Now in modern times‚ biological warfare has become more sophisticated. In WW1‚
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ECS1501 MICROECONOMICS AND MACROECONOMICS – |MICROECONOMICS |MACROECONOMICS | |The price of a single product |The consumer price index | |Changes in the price of a single product |Inflation | |The production of a product
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Chapter 1 Business Environment Q 1. Ans. What is Business Environment? The term Business Environment is composed of two words ‗Business‘ and ‗Environment‘. In simple terms‚ the state in which a person remains busy is known as Business. The word Business in its economic sense means human activities like production‚ extraction or purchase or sales of goods that are performed for earning profits. Q 2. Ans. Define Business Environment. The elements or factors outside a business organization
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Micro Fridge: Case Study:- 1. Central Issue: a) How to produce? b) For whom to produce? c) If he should go with the Sanyo offer? d) If he should only use distributors to supply his product to the market or go with house accounts? e) How much should be the cost of the micro fridge that could fetch him decent % of profit. 2. Objectives to be achieved: a) To be able to introduce the micro fridge the market with $50000 capital. b) To convince the dormitories
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The bible verses I have chosen that relate to economics consist of Luke 19:1-10. In these verses are the story of Zacchaeus the tax collector and his confrontation with Jesus. These verses basically explain how tax collectors are known for robbing the people when they go around collecting from the poor. Yet in this certain situation Zacchaeus had climbed a tree in order to get a good view of Jesus walking by. Jesus noticed him and introduced himself to Zacchaeus and asked if he can visit his home
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Microeconomics- study parts of the economy Macroeconomics- looking at economy overall -Price of particular -Inflation‚ price analog -Quantities sold of a particular good -Gross Domestic Product‚ GDP -How individuals interact in a market -Interest rates -Unemployment Rates I. The Economist as Scientist A. Economists Follow the Scientific Method. 1. Observations help us to develop theory. 2. Data can be collected and analyzed to evaluate theories. 3. Using data
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Sample paper This is an example of the format of multiple choice questions. PART A This section is worth 30 marks Answer all the questions in Part A on the answer sheet provided‚ using pencil only: Question 1 Which of the following statements is true? (a) A profit maximising monopolist will always set price and output at a level where demand is price elastic. X (b) A profit maximising monopolist always produces where Average Revenue equals Average Cost (c) A profit maximising monopolist will
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reach out to its customers‚ it has to cope with the business environmental factors that consist of actors and forces outside marketing that affect its ability to develop and maintain successful relationship with its target customers. Business environment however is divided into two types. They are microenvironment and macroenvironment. By definition‚ microenvironment includes forces close to the company that affect its ability to serve its customers and macroenvironment are larger societal forces
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