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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Exercise 11 Questions to be graded March 16‚ 2014 1. What demographic variables were measured at least at the interval level of measurements? Age‚ income‚ length of labor‚ return to work‚ and number of hours working per week 2. What statistics were used to describe the length of labor in the study? Were these appropriate? Mean and standard deviation were used to describe the length of labor. Yes‚ these were appropriate because a mean (M) can only be used to calculate on interval (and
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Chapter 3 Fluid Statics: Definitions Statics: ∑F = 0. In statics we have only pressure as surface force and weight as body force. Thus‚ when fluids are still‚ the pressure is balanced by the fluid weight. No relative motion between adjacent fluid layers. Shear stress is zero Only _______ can be acting on fluid surfaces Gravity force acts on the fluid (____ force) Applications: Pressure variation within a reservoir Forces on submerged surfaces Buoyant forces 9/4/2013 1 Pressure Pressure is defined
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GE2402: English for Business Communication Week 7 Supplementary Exercises _____________________________________________________ For each question‚ circle the letter (a‚ b‚ c‚ or d) which corresponds to the most suitable answer. 1. To overcome any possible reader resistance‚ you should a. make your request immediately. b. bribe your reader. c. lay a logical foundation before the request is delivered. d. state very clearly the negative consequences of not doing as you
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AGREEMENT OF The Can Do Partnership This Partnership Agreement is made on May 26‚ 2010 between Tim Couch and Bert Parker. 1. Name and Business. The parties hereby form a partnership under the name of The Can Do Partnership to produce 50-50 partners‚ giving equal say and ownership of a racehorse named Can Do. All decisions must be unanimous. 2. Term. The partnership shall be a 5-year term. 3. Purpose and Powers. 3.1 Purpose. The Partnership’s purpose shall be to: give equal
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ECO 72 INTRODUCTION TO ECONOMIC STATISTICS Topic 2 Measures of Central Tendency These slides are copyright © 2003 by Tavis Barr. This material may be distributed only subject to the terms and conditions set forth in the Open Publication License‚ v1.0 or later (the latest version is presently available at http://www.opencontent.org/openpub/). Measures of Central Tendency This chapter looks at three different concepts of how we describe a “typical” element of a data set. Mean
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Counselling Exercise 7 For this exercise I had to interact with a friend and find out about a recent emotional experience. One that did not necessarily need counselling but one which has aroused different feelings. During this interaction I was to try and make all my responses reflections and ask no questions. The idea of this was a little daunting as through-out ones life we are taught or learn conversations with a dictated question and answer scenario. We believe that we must ask question to show
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2012 ASSIGNMENT STATEMENT. . “Crime statistics do not accurately reflect the nature and extent of crime in our society.” STUDENT NAME: Richard Irwin STUDENT NUMBER: XXXXXX TUTOR: XXXXXX WORD COUNT: XXXX Excluding Bibliography‚ Appendices and Footnotes) CONTENTS ASSIGNMENT BIBLIOGRAPHY APPENDICIES Crime statistics do not accurately reflect the nature and extent of crime in our society. In order to answer the question‚ I need to explain how crime is recorded
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1M3&D1 Risk Assessment | Risk Hazard | Action | Done By | Laptop Door | Lock on door | Move the laptops or fix the lock | Manager | Overloaded Electrics | Overloaded Electrics‚ could blow up‚ loss of power or electric shock | Get extra extensions | Manager | Microwave + Kettle bought from Home | Might not be Safe | Needs checking by electrician | Manager | Poor storage on Cupboard top | Could fall and hurt staff members | Provide proper storage‚ for example filing cabinet/cupboard
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Exercise Science Have you ever had wanted to help someone as well as keep yourself in a positive lifestyle? If you answered yes to this question than Exercise Science is probably the correct major for you. I know that searching for the right major that fits you is a very difficult and time consuming aspect of college‚ however it is one of the most important aspects of college. Your whole entire future is based on your major in college. It starts the foundation of your career. With an Exercise
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