Question 1. I think The Independent On Sunday is a broadsheet and The Sun is a tabloid newspaper. I think so because The Independent On Sunday is bigger than the Sun and the broadsheets are usually bigger than tabloids. The Independent On Sunday and The Sun in these specific examples has same headline‚ but in the first one (The Independent On Sunday) the headline is more informative and less choking than in the second one (The Sun). Also The Independent On Sunday have a big picture of prince in
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which rate is total utility increasing: a constant rate‚ a decreasing rate‚ or an increasing rate? How do you know? b. “A rational consumer will purchase only 1 unit of the product represented by these data since that amount maximizes marginal utility.” Do you agree? Explain why or why not. c. “It is possible that a rational consumer will not purchase any units of the product represented by these data.” Do you agree? Explain why or why not. Answer: Missing total utility data‚ top – bottom:
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Discuss whether marginal utility theory is a realistic piece of economic analysis in explaining consumer demand. [13marks] Marginal utility is the extra satisfaction gained from the consumption of an additional unit of a good or service. It can be specified as the change in total utility divided by the change in quantity. The concepts of market demand and law of demand often utilized marginal utility as the backbone‚ the theoretical basis. An example would be the demand curve‚ which is usually
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Content Validity. The extent to which items on the questionnaire are representative of the domain under study. 8 Construct Validity. The extent to which an instrument measures the construct or trait under study. Regardless of the trait under study you can identify some theoretical constructs about that trait which your questionnaire should be able to measure and you can test by administering your questionnaire in situations where you know those constructs to be true. 8 Criterion Validity. The extent
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PROBLEM 1 Max has the utility function U(x‚ y) = x(y + 1). The price of x is $2 and the price of y is $1. Income is $10. How much x does Max demand? How much y? If his income doubles and prices stay unchanged‚ will Max’s demand for both goods double? To set his MRS equal to the price ratio‚ Max sets (y+1)/x = 2. His budget constraint is 2x + y = 10. Solve these two equations to find that x=11/4 and y=9/2. If his income doubles and prices stay unchanged‚ his demand for both goods does not double
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Discuss the validity‚ reliability and physiological foundations of a test versus a predictive maximal oxygen uptake test. Abstract The aim of this study was to assess the validity‚ reliability and physiological underpinnings of an actual VO2max test in comparison to a predictive maximal oxygen uptake test. Eight male subjects with the following physical characteristics‚ mean and standard deviation age 19.75 ± 0.71 year; weight 72.15 ± 11.93 kg; height 1.77 ± 0.11 m performed an incremental treadmill
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government projects induce investors or suppliers Threats subject to such restrictions of laws effective within Manilla suppliers may be discouraged due to the cost of importing VI. Alternative Courses of Action: 1. Limit the numbers of jeepneys‚ utility vans and cabs; and introduce COMET. City Optimized and Managed Electric Transport (COMET) is a PUV designed like a jeepney and a bus which can be occupied by 20 passengers plus those who stand at the middle. Advantages. - better security: Wi-Fi‚
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reduced to near-zero if Health care organizations adapted the High Reliability imperatives
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Recruitment and selection of a sales and marketing manager ABC biscuit company is a very profitable company which has achieved a remarkable growth during the last two years. They had 55 local customers and 5 foreign customers. One of their objectives were to increase their sales turnover in 20%.in order to do this they were focusing to expand their international customer base. This company has 60 employees and mr.de Silva the finance manager is handling all recruitments. Most of the employees whom
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Study Exercise One Part One SWOT Analysis of adopting a new form of governance for Colorado Springs Utilities: Strengths (internal): • Politically insulates elected officials from unpopular‚ but necessary utility decisions • Reduces risk and legal liability to elected officials • Allows for greater subject matter expertise and focused attention on public utility issues by members of new utility board • Frees council members to focus their attention on other constituency issues • Allows for improved
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