EXERCISES FOR MICROECONOMICS TOPIC 1 Economics: An Introduction (Chapters 1 & 2 in the Textbook) EXPLAIN THE FOLLOWINGTERMS ◎ Average benefit ◎ Average cost ◎ Economic surplus ◎ Economics ◎ Microeconomics ◎ Macroeconomics ◎ Marginal benefit ◎ Marginal cost ◎ Normative economics ◎ Positive economics ◎ Rational person ◎ Sunk cost ◎ Opportunity cost ◎ Absolute advantage ◎ Comparative advantage ◎ Attainable point ◎ Unattainable point ◎ Efficient point ◎ Inefficient
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Get Some Exercise Workouts for Better Writing Some writers say that writing is like music practice: if you miss a day‚ you’ll notice your work isn’t as smooth; if you miss a couple of days‚ you’ll really notice; and if you miss a week‚ other people will notice. So what can you do when you aren’t actively working on a story‚ novel‚ poem or essay? You can practice. You can exercise. A writing exercise is usually something short that you can complete in an hour or two (or even much less)‚ but which
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Inventory Exercises 1. At Dot Com‚ a large retailer of popular books‚ demand is constant at 32‚000 books per ear. The cost of placing an order to replenish stock is $10 and the annual cost of holding is $4 per book. Stock is received five working days after an order has been placed. No backordering is allowed. Assume 300 working days a year. a. What is Dot Com’s optimal order quantity (EOQ)? b. What is the optimal number of order per year? c. What is the optimal interval (in working days) between
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every day. Use 30 of them for physical activity. Do you want to live a long‚ healthy life? I know I do. Being physically active every day is one important aspect of a healthy lifestyle. To be physically active‚ you do not have to be an athlete. Research shows that regular physical activity can promote psychological well-being and even aid in reducing feelings of depression and anxiety. Because of this‚ each and every one of you should be active for at least 30 minutes a day‚ 5 days a week
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Pollutant Hazards POLLUTANT HAZARDS SCI 275 Pollutants Hazards Pg 1 There are many different types of pollution that affect our environment and our health each and every day while creating atmospheric issues. Air Pollutants Lets start with “Air Pollution” which is created by both human and natural resources including but not limited to CO‚ SO2‚ most hydrocarbons‚ most particulates‚ CO2‚ NO‚ NO2‚ HNO2‚ HNO3‚ H2O2‚ SO3‚ H2SO4. Air pollution is a big atmospheric issue that
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a person’s daily life. Exercise addiction is most common among athletes‚ bodybuilders and those who are regularly involved in any form of exercise. Exercise becomes an addiction when an individual compulsively engages in any form of exercise regardless of physical injury‚ personal inconvenience or disruption to other areas of life including marital strain‚ interference with work and lack of time for other activities (Landolfi‚ E. 2013). Most people start an exercise program with good intentions
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Science of Stars SCI/151 Abstract The information contained in this paper will explain the science of the stars. Other information in this paper will be a description of how astronomical instruments aid astronomers in determining the rotation rate of distant objects‚ speed‚ temperature‚ and composition. Also‚ the author will provide an explanation of the properties of stars in the Hertzsprung - Russell diagram. In conclusion‚ the complete lifecycle of the Sun will be explained‚ along
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Exercises for Chapter 1 1. Ming started a business with $3‚000 cash. He used $1‚200 of the cash to buy office equipment. (a) Find the assets‚ capital and liability of Ming’s business. Assets: Cash ($1‚800) & Office equipment ($1200) Capital: $3‚000 Liability: $0 (b) What is the amount of total resources in Ming’s business? A. $3‚000 B. $6‚000 C. $1‚800 D. $4‚800 2. ‘Total assets must equal to total capital plus total liability.’ Do you agree? Why? Yes‚ resources owned by a firm (assets) must be either
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Exercise 1: Action movies inspire youngster to imitate risky and dangerous acts like car races and stunts. In not less than 350 words‚ discuss this statement by providing justifications and examples. Exercise 2: Reading comics is certainly not educational for the young. How far do you agree with this statement? Give reasons for your answer. You should write at least 350 words. Exercise 3: ‘Parents know best as far as careers are concerned.’ What do you think? You should write at least 350
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washing‚ discard supernatant‚ leaving about 0.1 ml of the sample. Add 0.01 ml of Mayer’s albumen glycerol solution and mix gently to avoid foaming. Incubate the cells in this solution for about 30 min. Transfer the precipitate with ciliates evenly on 2 or 3 grease-free cover glasses (24×24 mm) and distribute across the surface using a mounting eyelash or fine insect needle. Remove excess liquid carefully with a micropipette
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