prices unless people would be willing to conserve the natural gas or if the efficiency improves.In conclusion‚ the growth of demand increases while the supply reduces as storage inventories decrease. | Link with the theory | Which chapter ? Market equilibrium (Chapter 4) | Explanation of the link :We can see in this article that the market equilibrium is disturbed due to the sudden change of the production caused by the Hurricane Katrina.Since natural gas is the most popular home heating resource
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Oluwatobi Onibatedo Eco 301 08/24.2013 WEEK 1 HOMEWORK Problem 1 1.a. Suppose the real GDP is currently $97 billion per year and natural real GDP is currently $100 billion. Measured as a percentage‚ what is the real GDP gap? Solutions Actual real GDP- Natural Real GDP =GDP gap over 100 = $97- $100= -3/100 = -3% GDP GAP is -3% The negative answer means the economy as a whole is in a recession. 1(b) Suppose natural real GDP is growing by $4 billion per year. By how much must
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CHAPTER ONE MANAGEMENT INFORMATION SYSTEMS: BUSINESS DRIVEN MIS McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies‚ Inc. All rights reserved. 1-2 CHAPTER ONE OVERVIEW SECTION 1.1 – BUSINESS DRIVEN MIS • Competing in the Information Age • The Challenge: Departmental Companies • The Solution: Management Information Systems SECTION 1.2 – BUSINESS STRATEGY • Identifying Competitive Advantages • The Five Forces Model – Evaluating Industry Attractiveness • The Three Generic
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McConnell−Brue−Flynn: Microeconomics: Principles‚ Problems‚ and Policies‚ 18th Edition I. Introduction to Economics and the Economy 1. Limits‚ Alternatives‚ and Choices © The McGraw−Hill Companies‚ 2009 IN THIS CHAPTER YOU WILL LEARN: 1 The definition of economics and the features of the economic perspective. 2 The role of economic theory in economics. 3 The distinction between microeconomics and macroeconomics. 4 The categories of scarce resources and the nature of the economizing problem
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CHAPTER 8 How Did They Make And Use Tools? Technology Summary The physical remains of humanly made artifacts form the bulk of the archaeological record. The artifacts that are found by archaeologists may not represent the range of objects actually used because certain materials preserve better than others. For this reason‚ stone tools and ceramics dominate the archaeological record. Objects made of fabric‚ cord‚ skin‚ and other organic materials no doubt date back to the very earliest archaeological
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Chapter 8-Self Check Questions Existence of a Sales Contract Does a sales contract exist? If so‚ what are the terms of the contract? 1. Boston Hardware Co. agrees to buy all the snow shovels it needs from New England Shovel Co. In past years this has been around 5‚000 shovels per year. The mild winter in 2009 caused Boston Hardware to need only 250 shovels‚ leaving New England Shovel Co. with over 4‚000 unpurchased shovels. Yes‚ a contract exists. This is a requirements contract since Boston Hardware
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Effects of the Social Networking Sites to the Study Habits of the 4th year High School Students of Divine Light Academy IV-Thomson Peralta‚ Arvin Denz Fenis‚ Lei Denise Factoran‚ Jeriko Mari Pesebre‚ Samantha Rae Matias‚ Jean Petersean CHAPTER 1 Introduction Nowadays‚ technology is already taking over the world. They use technology in different ways. It is a big help especially in communicating. Social networking sites are products of technology and also one way of communicating
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I True or false.（2points*10） 1. If Good 1 is on the horizontal axis and Good 2 is on the vertical axis‚ then an increase in the price of Good 1 will not change the horizontal intercept of the budget line. 2. Henrietta’s utility function is U(x1‚ x2) = x1x2. She has diminishing marginal rate of substitution between goods 1 and 2. 3. Other things being equal‚ a lump sum tax is at least as good for a consumer as a sales tax that collects the same revenue from him. 4. Sharon spends all of her income
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decide what to produce and in what quantities‚ it is first necessary to know what is obtainable. The PP curve shows the options that are obtainable‚ or simply the production possibilities. What is obtainable is based on the following assumptions: 1. The resources available are fixed. 2. The technology remains unchanged. 3. The resources are fully employed. 4. The resources are efficiently employed. 5. The resources are not equally efficient in production of all products. Thus if resources are
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Seminar Four: Chapter 8 Case Study Wrangler Sells Direct Online p. 369 Discussion Questions: 1. How does Wrangler’s new B2C e-commerce site assist Wrangler’s brand recognition and marketing efforts? Wrangler’s new B2C e-commerce site assists Wrangler’s brand recognition and marketing efforts in many ways. Their brand recognition was already high since their company started in 1904. They have grown since their first owner‚ C.C. Hudson started out with only several sewing machines. Their company
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