1. What do economists mean when they say there is "market failure"? Business has introduced a product that consumers did not want. Free markets have led to excessive profits. Markets have surpluses or shortages so that government rationing is necessary. Free markets yield results that economists do not consider socially optimal. 2.If a market has no externalities‚ marginal private costs exceed marginal social costs equal marginal social costs are below marginal social costs intersect marginal social
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You have been hired by a small company to install a backbone to connect four 100base-T Ethernet LANs (each using one 24-port hub) and to provide a connection to the Internet. Develop a simple backbone and determine the total cost (i.e.‚ select the backbone technology and price it‚ select the cabling and price it‚ select the devices and price them‚ and so on). Prices are available at www.datacommwarehouse.com‚ but use any source that is convenient. For simplicity‚ assume that category 5‚ category
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develop a two-week personal exercise plan. In my two- week fitness plan‚ I discuss the FITT principle‚ which stands for frequency‚ intensity‚ time‚ and type. Frequency involves how often I would perform the physical activity. Intensity is how hard I work out during my physical activity. Timing is the length‚ or how long I plan to work out and the last T in the FITT principle stands for the type of exercise I want to do‚ such as cardio or strength training. I incorporated FITT into my two-week personal
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Exercise One: The Broadway Café This exercise will develop a competitive Advantage for the Broadway Café. The café has been in business since 1952 and has never had a single competitor in the neighborhood. Now that the café may have a competition will affect the business. Therefore the café need to develop a new strategic direction to bring the café into the 21st century. • Describe your strategy for addressing your employees’ concerns‚ building loyalty among your customers‚ and remaining
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Complete the following 2 exercises 1. Write checks to pay the following bills. The beginning balance in the checkbook is $4562.79. NOTE: The checks are setup for you to manually type the necessary information to successfully complete the assignment. A. Write check #5648 to the American Medical Association for $356.00 for new coding books. B. Write Check #5649 to the Blackburn Utility Company for $46.90 to pay the water bill. C. Write a check for the office mortgage payment
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Chapter 1 Gatsby Reading Checks I have seen the movie and read ahead in the book. I choose to share this information with you because I know that it has tinted my answers and I tried hard to disregard it‚ but it seems to be very impossible. 1. Fitzgerald made Nick Carraway the narrator of The Great Gatsby. By doing this he was able to successfully capture the essence of Gatsby‚ all of the other characters‚ and all of the events in the story from an outside view that is for the first time
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Week One Discussion Please refer to "Guide for Participation" located in the Course Home Unit. Topic 1 -- The Cost and Worth of Communication in Business After you finish your readings for Week 1‚ post a message in the discussion thread below in which you provide your commentary‚ applying the guidelines on the WORTH of communications‚ especially human communications‚ in today’s business environment‚ and the COST of workplace communications problems. Discuss these issues as they are related to today’s
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Exercise One – BCOR 2500 Business Objectives: Wal-Mart recognized that there was potential to reduce expenses and increase revenues if the company could develop a means to increase the efficiency of its supply chain and reduce employee costs related to employee theft and overall productivity. The company estimated that by increasing supply chain efficiency and minimizing stock-outs‚ the company could increase revenues by approximately $600 million annually. Moreover‚ Wal-Mart estimated that increasing
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IT 205 Week 1 Check Point 1) Business problems can be solved through the three dimensions of People‚ Processes‚ and Technology. People refers to those on staff at a business‚ as well as customers‚ vendors‚ suppliers‚ and and other stakeholders. No system is complete without considering the impact on the individuals who need to use it‚ either as operators or as customers. In a data-entry system‚ the people component might be either administrative assistants (who enter data by hand) or customers
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Business system anaylsis Problems and Exercises Week 3 Homework Tom Sanders DeVry University Professor Girten September 19‚ 2014 Problems and Exercises Chapter 5 Question 1 - One of the potential problems mentioned in this chapter with gathering information requirements by observing potential system users is that people may change their behavior when observed. What could you do to overcome this potentially confounding factor in accurately determining information requirements? The analyst could
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