Dropbox Assignment #2 An elastic demand is a demand that if the price changes the quantity that is demanded changes quite a bit‚ and an inelastic demand is no matter the price there will still be a demand for it (Economics‚ 2017). Generally‚ an elastic demand is a type of good that is more of a want rather a need‚ and an inelastic demand would be something that would be along the lines of a necessity. To figure out the elasticity a person would use the equation: (% change in quantity/% change in
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Homework Questions 1) El Niño wind patterns affected the weather across the United States during the winter of 1997–1998. Suppose the demand for home heating oil in Connecticut is given by Q = 20 – 2Phho + 0.5Png – TEMP‚ where Q is the quantity of home heating oil demanded‚ Phho is the price of home heating oil per unit‚ Png is the price of natural gas per unit‚ and TEMP is the absolute difference between the average winter temperature over the past 10 years and the current average winter temperature
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Atlantis Argumentative Essay There is much controversy when determining whether Thera and the Minoan civilization is the myth of Atlantis or if they were two different civilizations. There is more evidence pointing towards the myth of Atlantis actually being Thera and the Minoan civilization. The geographical make up and natural disasters were practically the same between Atlantis and The Minoan civilization‚ the religion of the two civilizations were amazingly alike‚ and both civilizations had
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Study Aide and TIPS for Module 1-Written Assignment 3 Rubric for grading: M1-Assignment 3 Grading Criteria | Maximum Points | Points Earned | Correctly constructed the supply and demand graph. It is recommended that you use the EXCEL study aide I posted to do this. | 12 | 12 | Answered questions 2-5 correctly‚ 15 points each. | 60 | 60 | Answered question 6 correctly. | 8 | 8 | Wrote in a clear‚ concise‚ and organized manner; demonstrated ethical scholarship in accurate representation
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City of Atlantis [pic] Plato Around 350 BC‚ Plato‚ the Greek philosopher‚ wrote about a beautiful island in the Atlantic Ocean that went under the ocean waves in one day and one night. It took two books to describe the history and details of this almost magical island. For years people have been looking for this mysterious lost city‚ Atlantis. Plato’s Atlantis [pic] Plato’s dialogues Timaeus and Critias written in 360 BC‚ contain the earliest references to Atlantis. For
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around 360BCE‚ Atlantis’ features in both of these. This myth has enthralled people for centuries and has given rise to many skeptics and believers of the legend. Still to this day people ask was Atlantis real? The Greek scholar Plato spoke about a place In the Mediterranean Sea that housed a spectacular city built on a luxurious Island; this is the city of Atlantis. In the beginning‚ The Gods of Olympia divided the world up among themselves. Poseidon‚ God of the seas received Atlantis. Poseidon
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Comparison of Utopia and New Atlantis After reading Utopia by Thomas More and New Atlantis by Francis Bacon‚ it is evident that both authors impose two different attitudes of the way of life to an ideal society. More introduced an “ordered” way of life and Bacon introduced a “scientific” way of living. In More’s Utopia‚ it is evident that More’s belief is that human perfection would create a perfect society to live in. In Utopia‚ there is no poor man and no beggars and everyone has an occupation
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Aggregate Demand and Supply Model Economic Advisement With a nominal GDP estimated at more than 15 trillion it is clearly the United States economy is one of the largest in the world. A person must have lived in a cave underground for the past several years to not know that the current state of the nation’s economy is in desperate need of improvement. Many academic institutions have thought about how the economy arrived at its current state and how can it be restored. Some would advocate not using
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All work submitted for assessment must be the student’s own work. Sources of the work of others must be acknowledged in full. Sometimes students’ might accidentally plagiaries. This is usually the result of a lack of academic writing skills‚ inexperience‚ and sloppy note taking. It is relatively important that students learn and follow the practice established or recommended for citation of written works in any field of academic study. This assignment defines plagiarism and details how I can avoid
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take you to an interactive game. This game is designed to show you the roles of supply and demand using the fast-paced business setting of lemonade sales. Please read the instructions and play a round or two of the game. After you are done‚ write a paper reflecting on your experience (250 words minimum). Things to include: What was your strategy while playing? What factors affected your decisions? How was supply and demand shown through this? It was really an interesting which gave me a good idea about
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