Top of Form 1 . Revenue increases when A. producer surplus increases B. producer surplus decreases C. consumer surplus increases D. consumer surplus decreases Bottom of Form Correct : Producer surplus is the difference between the minimum price the producer is willing to receive and what they actually receive. The surplus is their profit‚ and the larger the surplus‚ the greater their profit on the good. When it decreases‚ the producer receives a price closer to the minimum acceptable. The
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Lesson 1 (5.0 points) 1. What is scarcity? (1.0 points) Scarcity is the condition of people having unlimited wants but living in a world with limited resources. 2. What is an economy? (1.0 points) An economy is a system of trade. Trade is the exchange of things of value. 3. What is a commodity? (1.0 points) A commodity is something of value that can be bought‚ sold‚ or traded‚ such as a book‚ a car‚ or tutoring lessons. 4. What is a producer? (0.5 points) A producer is
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GENERAL KNOWLEDGE - QUIZ 1. How many rings are there on the Olympic flag? Five 2. What colour is vermilion a shade of? Red 3. Where can you find London bridge today? USA ( Arizona ) 4. Who was the first man in space? Yuri Gagarin 5. What would you do with a Yashmak? Wear it - it’s an Arab veil 6. Who betrayed Jesus to the Romans? Judas Escariot 7. What was given on the fourth day of Christmas? Calling birds 8. Who invented the television? John Logie Baird 9. Which company is owned by
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1.) Significance of a lower-than-normal hematocrit? -means your body is not fighting off something‚ but puts you at risk for problems with bone marrow or puts you at risk for a bacterial infection. anemia What is the effect of a bacterial infection on the hematocrit? -raises them 2). Development of lymphocytes with the development of the other formed elements -B lymphocytes develop in red bone marrow‚ T lymphocytes develop in red bone marrow and mature in the thymus; the
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Simple Diffusion Activity 1: Simulating Simple diffusion 1.What is the molecular weight of Na+? 22.9 2. What is the molecular weight of Cl-? 35.45 3. Which MWCO dialysis membranes allowed both of these ions through? 50‚ 100‚ and 200 4. Which materials diffused from the left beaker to the right beaker? Urea‚ NaCl and glucose diffused 5. Which did not? Why? Albumin‚ because the molecular weight exceeded the highest MWCO membrane‚ thus being to large to pass through
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Name: Pratik Patel R.A. 3: The Electoral College 1. What is the minimum number of states that a candidate needs to win in order to win the election? What are those states? 11 states are sufficient to win the Electoral College which requires a simple majority of 270 votes. The states you need are: States # Electoral College California 55 Texas 38 New York 29 Florida 29 Illinois 20 Pennsylvania 20 Ohio 18 Michigan 16 Georgia 16 New Jersey
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1. What is external validity? a. External validity is the extent to which findings may be generalized. (Page 292) 2. Why should a researcher be concerned about generalizing to other populations? a. Researchers should be concerned about generalizing to other populations‚ because if their research is not generalizable then their findings will be limited to only one population and will not have a far-reaching effect. (Page 292) 3. How can the fact that most studies are conducted with college students
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Walter Rauschenbusch was born on October 4‚ 1861 in Rochester‚ New York. Rauschenbusch was the son of a Lutheran missionary to German immigrants in the United States. He graduated from the Rochester Free Academy and then studied for four years in Germany‚ returning in 1883 to simultaneously finish at the University of Rochester and begin seminary training. On June 1‚ 1886‚ he was ordained a minister of the Second German Baptist Church in New York City‚ where he became aware of social problems from
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1. Describe the major differences between Maslow’s need hierarchy and Alderfer’s ERG explanation of motivation. According to Gibson‚ Ivancevich‚ Donnelly‚ and Konopaske the Maslow’s need hierarchy depends on what people already have and then grows up hierarchically‚ when the Alderfer’s states that needs depends more on three factors: existence‚ relatedness and growth. Maslow’s needs are more of pyramid‚ going from the simplest needs to the more complex one to fulfill being from bottom to top:
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QUE 1. a) Examine the key messages of motivation theory to organizations. (5mks) I. Motivation puts human resources into action. Every concern requires physical‚ financial and human resources to accomplish the goals. It is through motivation that the human resources can be utilized by making full use of it. This can be done by building willingness in employees to work. This will help the enterprise in securing best possible utilization of resources. II. Leads to achievement of organizational
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