1. award: 1.50 out of 2.50 points The demand curve for product X is given by QXd = 500 - 5PX. a. Find the inverse demand curve. PX = 100 - 0.2 QXd Instructions: Round your answer to the nearest penny (2 decimal places). b. How much consumer surplus do consumers receive when Px = $45? $91.00 c. How much consumer surplus do consumers receive when Px = $25? $95.00 d. In general‚ what happens to the level of consumer surplus as the price of a good falls? The level of consumer surplus
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those choices. D. interest rates and exchange rates are determined 2. The scarcity principle implies that A. people will never be satisfied with what they have B. as wealth increases‚ making choices becomes less necessary C. the prices of scarce goods must rise due to excess demand D. choices must be made and tradeoffs will occur 3. The ’no-free-lunch’ principle is another name for the A. cost-benefit principle B. the scarcity principle C. the ceteris paribus
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Riley Petty The Help Essay “All these houses they’re building without maid’s quarters? It’s just plain dangerous. Everybody knows they carry different kinds of diseases than we do.” This is the world that Eugenia “Skeeter” Phelan lives in throughout the book The Help. For Jackson‚ Mississippi in the early 1960’s‚ racism is as routine as the Wednesday afternoon Bridge games. However‚ things are about to change when Skeeter digs deep and uncovers shameful secrets and hidden stories that make this
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Robert Olen Dr. Katie Yates ENGL 2110 March 13‚ 2013 Poem Explication Expressed Emotions of Anne Bradstreet Over the Loss of a Young Life Anne Bradstreet was one of the first American poets; she was one of the first woman writers in the American Colonies‚ to be published. There are several examples throughout Bradstreet ’s poem "In Memory of My Dear Grandchild Elizabeth Bradstreet‚ Who Deceased August‚ 1665‚ Being a Year and a Half Old" that demonstrate Anne Bradstreet ’s love‚ sorrow‚ grief
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[pic] ABON BIOPHARM (HANGZHOU) CO.‚ LTD. #198 12th Street East‚ Hangzhou Economic & Technological Development Area‚Hangzhou‚ Zhejiang‚ China‚ 310018 Tel: 86-571-81638127 Fax: 86-571-81638012 E-mail: abon.tech@invmed.com ABON Product Information Request Letter Dear Sir or Madam‚ Thank you for contacting ABON regarding to you or your customer’s difficulty with our product. We apologize for any difficulty which either you or your customers have
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Financial Management Assignment #3 (Due on 11/19) 1. An investment offers $6‚100 per year for 15 years‚ with the first payment occurring one year from now. If the required return is 6 percent‚ what is the value of the investment? What would the value be if the payments occurred for 40 years? For 75 years? Forever? A: 15期年金之PV=(1-1/(1.06)^15)/0.06*6100=59‚244.719 40期年金之PV=(1-1/(1.06)^40)/0.06*6100=91‚782.411 75期年金之PV=(1-1/(1.06)^75)/0.06*6100=100‚380.673 永續年金之PV=6100/6%=101
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QUESTION 1 a) Seasonal demand can be consumer interest in purchasing particular products only during a specific period within the calendar year. For example‚ Christmas trees‚ most fruits‚ school books and uniforms‚ TVs‚ cards and tourism sector among others are subject to seasonal demand. There are certain problems that are associated with this kind of seasonal demand they include; Over stocking is one of the problems of this kind of demand. Seasonal demand poses problems for businesses because
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A Microscopic view of cultured athlete’s foot fungus Athlete’s foot can usually be diagnosed by visual inspection of the skin‚ but where the diagnosis is in doubt direct microscopy of a potassium hydroxide preparation (known as a KOH test) may help rule out other possible causes‚ such as eczema or psoriasis.[10] A KOH preparation is performed by taking skin scrapings which are covered with 10% to 20% potassium hydroxide applied to the microscope slide; after a few minutes the skin cells are degraded
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supply and demand Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as macroeconomic or microeconomic. The microeconomic topics would be the demand and supply curve. The demand curve shows how consumers would react to prices. The supply curve shows how landlords would react to price by how much units will sell. The outside company coming in and the price cap would fall under macroeconomic
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Defelice English 4 4/23/15 Informative Essay “The Help” In the story of the help it had many different themes one of the themes would be showing us the importance of literature – books‚ newspaper articles‚ and bills – in creating‚ challenging‚ and changing the racist systems that at the time was ruling Jackson‚ Mississippi. The Help was written by Skeeter but was stories told by Aibleen‚ Minny‚ and other maids showing the points of view of colored help working for white families in Jackson. They all
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