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Lectures On Intermediate Microeconomics Kotut c Samwel‚ M. Phil (Economics) Moi University. Chapter one 1.0 Introduction Economics is the science of scarce resource allocation to meet endless human desires. The modern economics science has two major branches i.e. Micro-economics and Macro-economics. Compared to micro-economics Macro-economics is a younger branch of economics. Until the economic depression of 1930s economics was limited to what is
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LANGUAGE III – Extensive Reading Material STUDY GUIDE: Like a Winding Sheet by Ann Petry 1. What were Mr. Johnson’s plans before waking up? 2. What did he do instead? Why? What part of the day was it? 3. Why did Mae make fun of him? Did Mr. Johnson enjoy her laughter? 4. How many times had Mr. Johnson been late to work? Why? For how long had he worked in those conditions? 5. How did Mr. Johnson feel about working the night shift and why? 6. What made Mae want
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Microeconomics Topic 6: “Be able to explain and calculate average and marginal cost to make production decisions.” Reference: Gregory Mankiw’s Principles of Microeconomics‚ 2nd edition‚ Chapter 13. Long-Run versus Short-Run In order to understand average cost and marginal cost‚ it is first necessary to understand the distinction between the “long run” and the “short run.” Short run: a period of time during which one or more of a firm’s inputs cannot be changed. Long run: a period of time during which
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1850 Compromise of 1850- Fugitive Slave act 1851 Uncle Tom’s Cabin- 300‚000 copies‚ Harriet Beecher Stowe May 1854 Kansas-Nebraska Act- practice popular soverieghty 1855 Bleeding Kansas- fight for slave or free state‚ 200 died May 1856 Charles Sumner was beat by Southerner Preston Brooks for talking bad about slavery March 6‚ 1857 Dred Scott Decision- went north with owner then back south. Claimed to be free‚ sued but was told he was not a citizen and therefor a slave 1859 John Brown Raid-
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On Wednesday‚ June 13‚ Nayeem Ahsan walked into a fourth-floor classroom at Stuyvesant High School with some two dozen other students to take a physics test—one of a number of Regents Exams that many New York State high-school juniors are required to take. Small and skinny with thick black hair and a bright‚ shy smile‚ Nayeem is 16. Like many teenage boys‚ he seems to straddle two worlds: One moment you see a man‚ another a boy. The son of Bangladeshi immigrants‚ Nayeem was born in Flushing
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held by the founders is a very important point they can try to renegotiate. In the Alpha term sheet the founders have a percentage ownership of 34% if the revenues hurdle of $500‚000 is met. The founders hold 32.6% if the revenue hurdle is not met. Mega has no such revenue hurdle thus‚ with the number of shares outlined in the term sheet‚ the founders own 37.5%. Negotiation: In the Alpha term sheet a higher number of shares for the founders would be preferable. We assume the company will meet
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SAMPLE BALANCE SHEET Most accounting balance sheets classify a company’s assets and liabilities into distinctive groupings such as Current Assets; Property‚ Plant‚ and Equipment; Current Liabilities; etc. These classifications make the balance sheet more useful. The following balance sheet example is a classified balance sheet. Sample Balance Sheet: Example Company Balance Sheet December 31‚ 2010 ASSETS | | | LIABILITIES | Current Assets | | | Current Liabilities | | | Cash
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The story is about friendship‚ a mutual friendship. The author‚ Isabel Vivien Guda gave justice to the title of the story which is Friend-Cheat. This is something can guess immediately‚ from the idea and flow of the story. The author‚ I guess somehow reflects her own experiences‚ to easily and naturally tell the story about. Friend-Cheat specifically tells the precious meaning of the word friendship‚ how loyalty and trust matters on it. The story goes around between the two main characters named
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macroeconomics is different from microeconomics. Please give examples. What is economics? Before we start to learn about economics‚ we have to understand that what is the different between macroeconomics and microeconomics. Macroeconomics and microeconomics are the main branches of economics. (Karl E. Case‚ Ray C. Fair and Sharon M. Oster (2012): Principles of Economics‚ 10th ed. Global Edition‚ Chapter 1). And‚ I will describe that with examples. Microeconomics seems likes the “trees”. It studies
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