GEN499 Wk3 Discussion 2 Scholarly & Popular Five ways popular articles are different from scholarly articles are that popular articles debates issues of collective awareness and are planned to enlighten in addition to amusing‚ scholarly articles give the writers? original study‚ like a revision that they led. The authors distribute the article to share their results with other investigators and scholars. Popular articles are frequently written by reporters or qualified writers. These reporters frequently
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Any person or company that wants to open a new business or develop a new product needs to understand where the product or business fits within today’s society. Knowing where their product fits within the market structures will help the business owners in determining how to market their services or products. They also must know the number of consumers that require the product or service. This will give the local economy as well as global economy a much greater chance to accept the business or service
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Home work questions Define the following 1. Costs in economics are those things that must be given up in order to have something else. 2. Revenues are the income earned from a firm’s sale of its good or service to consumers in the product market. 3. Profit is the difference between a firm’s total revenues and its total costs. 4. Explicit costs are the monetary payments that firms make to the owners of land‚ labor‚ and capital in the resource market. (i.e. rent‚ wages and interest respectively)
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Unit 1 Assignment Chapter 4 1. What is a competitive market? Briefly describe a type of market that is not perfectly competitive A competitive market is a market with many buyers and sellers trading identical products so that each buyer and seller is a price taker (Mankiw‚ p.66). Local energy provider is not a perfect market but a monopoly because there in only one provider. 2. What are the demand schedule and the demand curve‚ and how are they related? Why does the demand curve
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Chapter 9 1. All firms‚ no matter what type of firm structure they are producing in‚ make their production decisions based on where: marginal revenue equals marginal costs. 2. According to the table below‚ when profits are maximized‚ profits are equal to: $2. 3. Many economists believe that the market for wheat in the United States is an almost perfectly competitive market. If one firm discovers a technology that makes their wheat taste better and have fewer calories than all other wheat
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Chapter 4 2. Why do economists use percentages rather than absolute amounts in measuring the responsiveness of consumers to changes in price? Why do economists use percentages rather than absolute amounts in measuring the responsiveness of consumers to changes in price? Economists use percentages rather than absolute amounts for two different reasons. The first reason for using percentages rather than absolute amounts has to do with the affect a particular amount can have on demand.
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Economics IB past paper questions Structural questions 1. (a) “The price elasticity of demand and the price elasticity of supply for many primary commodities tend to be low.” Explain what is meant by this statement‚ and how this contributes to the problem of price instability for primary commodity producers. [10 marks] (b) Evaluate the view that it is best to allow primary commodity prices to be determined purely through the free interaction of market forces. [15 marks] 2. Explain what
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motivational benefits of a long-term musical identity Summary This article focuses on the relationship between the children’s musical identity‚ motivation on practicing musical instruments and the achievement they made. Most of the children choose to give up on playing musical instrument within few years‚ but then regret it later in life. This is because they do not believe in themselves and cannot cope with the challenges. In this article‚ Evans and McPherson (2015) have studied some theoretical issues
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This article looks at the risk factors for skin tears and details prevention strategies. Adults aged 65 years and older experience skin tears‚ the most common wound type for this age group. The article identified risk factors that cause skin trauma. The purpose of the article is to discuss the relevance‚ diagnosis‚ and treatment methods of skin tears. Many factors contribute to the healing rates of skins tears. The article focuses on different treatment methods. These methods include saline washes
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February 12‚ 2013 Dog Days: A Rhetorical Analysis of an Article on Euthanasia “We love him; he’s ruining our lives” states loyal caregiver‚ Louise Aronson‚ about her family dog‚ Byron (Aronson‚ 17). This author faces one of life’s most difficult choices: life or death? While being a controversial topic‚ Louise does a good job supporting her positive views of euthanasia. She argues that euthanasia is the merciful‚ ethical decision throughout her article. Imagery aids this trusted resource’s point;
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