The Current Undergraduate The article‚ “Ask Not What You Can Do For Your University‚ but What Your University Can Do For You”‚ written by the University of California Los Angeles Student WebZine‚ claims that universities are no longer providing education for students‚ but rather running a business. Colleges have turned into a profit seeking institution‚ making decisions based on financial concerns. The article claims that students are customers and education is a purchase. Webzine scolds the students
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4.2 Worksheet – Calculating Elasticity of demand 1. Otten Industries sells notebook computers for $800 a computer. Mrs. Otten‚ owner‚ decides to decrease the price of these computers to $750. As a result‚ the quantity demanded for notebook computers rose from 500 to 550. a. Calculate the percentage change in price ___________________ b. Calculate the percentage change in quantity demanded ____________ c. Calculate the elasticity of demand _______________________ d. Is it elastic‚
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Do not ask what your country can do for you‚ ask what you can do for your country "We have to labor‚ and to work‚ and work hard‚ to give reality to our dreams. Those dreams are for the world‚ for all the nations and peoples are too closely knit together today for any one of them to imagine that it can live apart. Peace has been said to be indivisible; so is freedom‚ so is prosperity now‚ and so also is disaster in this One World that can no longer be split into isolated fragments." A true patriot
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Have you ever broken your crayons? Wore them down? Well with the Crayola Melt N Mold Factory you can fix those broken crayons! Did you know that an average American child will wear down 750 crayons and break up too 100? You can simply reuse those broken crayons and create your very own custom crayons. In the add it showed two kids coloring with crayons. A girl runs in the room and shows them the broken crayons. Intense music starts playing as they head to another room. They then took
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variable responses of market prices and quantity due to the change in demand or supply. In this report‚ we will to further discuss the above issues via analyzing these two problems below: Q(1.1) "According to the definition of opportunity cost‚ the more alternatives that we have given up in undertaking an action‚ the higher the opportunity cost." Please make a critical comment on this statement and explain your answers using examples. The validity of this statement is uncertain. Opportunity cost is
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Demand‚ Supply and Market Price Determination Consumer behaviour Utility is the economist’s term for the satisfaction a customer derives from the goods that they buy. Marginal utility is the increase in total utility arising from an increase in consumption by one more. For example‚ suppose I like eating bananas‚ and I have already eaten one banana; then the satisfaction I get from consuming a second banana is called by economists the marginal utility. Marginal utility is the utility gain from
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Date:03/10/2011 Do you think attitudes influence job performance? Justify your arguments logically using evidence. The obvious straight forward answer to this question is yes. Yes‚ attitudes influences job performance very much. The attitude of the employee affects job performance. When employees arrive at work‚ they bring with them their moods‚ their emotions‚ their opinions and their problems at home or with life in general. Since employees may have the need to cooperate with each other
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Two of the greatest revolutions in history were the‚ American Revolution and the French Revolution. The American Revolution was a big turning point in American History‚ and the French Revolution was a major event that impacted the history of the world. The American Revolution was the struggle to get liberty and independence from Great Britain. The French Revolution was fought to overthrow the oppressive government‚ they wanted justice and to be treated equally. Both revolutions have many similarities
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periods of falling real incomes and rising unemployment Depressions: severe recessions (very rare) Short-run economic fluctuations are often called business cycles FACTS: 1. Economic fluctuations are irregular and unpredictable. 2. Most macroeconomic quantities fluctuate together. 3. As output falls‚ unemployment rises. The AD curve shows the quantity of all g&s demanded in the economy at any given price level. Y = C + I + G + NX When an increase happened to C‚I‚G‚(NX or EX) - the
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the elasticities in parts a and b. Are they equal? Should they be equal? The values of E in parts a and b are equal‚ as they should be‚ because the two methods are mathematically equivalent formulas for computing price elasticity. d. Calculate price elasticity at point R. E= P × 400 = 400 = −1. 33 P−A 400−700 −300 e. Which method did you use to compute E in part d‚ E=ΔQ × P or E= P ? Why? ΔP Q P−A At point R‚ Q is not given‚ and ΔQ/ΔP cannot be
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