1. Suppose your college institutes a new policy requiring you to pay for a permit to park your car in a campus parking lot. a. The cost of the parking permit is not part of the opportunity cost of attending college if you would not have to pay for parking otherwise. b. The cost of the parking permit is part of the opportunity cost of attending college if you would not have to pay for parking otherwise. c. Only half of the cost of the parking permit is part of the opportunity cost of attending
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Supply and Demand Simulation MACRO AND MICROECONOMICS Two principles of macroeconomics are local income and housing market growth in the town of Atlantis. I chose these because if the people of Atlantis’ have low income‚ they will not be able to pay for apartments in the area that have high rent. This would hinder the housing and apartment complex growth in the area because there would be no economic support. Two principles of microeconomics are the choice to rent an apartment or buy a
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ECON 1001 – INTRODUCTION TO MICROECONOMICS COURSE OUTLINE 1. Is economics a Science? Discuss 2. Sketch the following graphs: (a) y = x (b) Y= 3x + 1 (c) Y= 10 – 3X (d) Y = 3 3. Identify the 2 curves in question 2 which are positively sloped. Explain. (b) Identify which curve in question 2 is negatively sloped. Explain. (c) Identify which curve in question 2 has zero slope. Explain. 4. What does ceteris paribus mean? Why is the concept useful to economists? 5. Why does the distinction
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The extended family ended with industrialisation Prior to the industrial revolution families were drastically different to how they are today. Extended families and kinship economies played a large part in family life as all land was owned and farmed upon by relatives beyond that of the nuclear family and as such people were born into certain roles in family rather than this being based on achievements and qualifications as it is nowadays. These roles would be passed down through generations and
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Microeconomics Study chapter 1 The nature and method of economics: * Economics is concerned with the efficient use of limited productive resources for the purpose of attaining the maximum satisfaction of our material wants. The study of economics is important because; * Constitutes the basis of much government economic policy or shapes the design and impact of this policy. * Informs those involved with the design of economic policy and the analysis of its impact. * Improves
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Ethnocentrism #1a.> The difference between the way that the Thais deal with traffic accidents is very different from our own in the manner that when an accident occurs they compare the damage done to each vehicle and then the damage done to each person. To call the police is a big waste of time because many other riders do not have a license. After the problem had been taken care of you are not supposed to make any other contact with the other party. It almost seems like the debate between the groups
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Econ3101 - Section 006 Intermediate Microeconomics Xavier Vinyals-Mirabent Due: Wednesday‚ February 1st‚ 2012. Solutions to Homework 1. 1 1. A consumer has preferences for two goods. Her preferences satisfy Axioms 1 through 4 as discussed in class. A v D v 10 E v 5 C v B v 0 0 5 (a) Plot and label the following bundles: A (2‚10) B (6‚2) C (0‚4) D (8‚10) E (4‚6) (b) Assume A is indifferent to B (A ∼ B). On a single line‚ list all the bundles in descending order of preference
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BINARYAND EXTENDED GOLAY CODE ARCHITECTURE In (23‚ 12‚ 7) Golay code‚ the message is constructed of 12 bits‚ then additional 11 bits are appended to it. After appending check bits‚ which are obtained from CRC generation process to the 12 bits message‚ total bits will become 23 and it is named codeword. The 23 bits obtained at the receiver side is able to be converted into a 12 bits message even if there is distortion in the message.The proposed architecture for the binary and extended Golay code
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social science that studies the choices that individuals‚ businesses‚ governments‚ and entire societies make as they cope with scarcity and the incentives that influence and reconcile those choices. Economics divides into Microeconomics and Macroeconomics. Microeconomics is the study of the choices that individuals and businesses make‚ the way these choices interact in markets‚ and the influence of governments. Macroeconomics is the study of the performance of the national economy and the global
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CHRISTEL JOY C. PASCUA MRS. LOULLA ORDONO VI – OPEN-MINDED SEPTEMBER 14‚ 2012 DIFFERENCE BETWEEN NUCLEAR AND EXTENDED FAMILY NUCLEAR EXTENDED A. Consist of father‚ mother and children. Consist of father‚ mother‚ children‚ grandparents and other family relatives. B. Nuclear family is principally based upon the emotion of parental love and sibling bonding and hence the structural functionalism (mechanism of relationships) is quite simple‚ yet the psychology involved becomes
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