3. Describe what Pareto efficiency is and why economists use this criterion for comparing alternative economic systems. Use a graphic display in this essay. The term is named for an Italian economist‚ Vilfreo Pareto. A central concept in economics is Pareto efficiency. A situation is said to be Pareto efficient if there is no way to rearrange things to make at least one person better off without making anyone worse off. What makes Pareto efficiency important is that almost everyone would agree that
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TEST BANK CHAPTER 1 Intercorporate Investments: An Overview MULTIPLE CHOICE Use the following information on a company’s investments in equity securities to answer questions 1- 4 below. The company’s accounting year ends December 31. | |Date of acquisition|Cost |Fair value |Date sold |Selling price | |Investment | | |12/31/10 | |
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Technical skills Technical skills is the specific knowledge and techniques required to perform an organizational role. Skills reflect both an understanding of and a proficiency in a specialized field. A manager may have technical skills in a specialized field such as accounting‚ finance‚ computer science… etc. for example‚ an account payable manager must be proficient in accounting rules and procedures so that he can resolve problems and answer questions related to accounting. Human Skills
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Chapter 3 Solutions‚ 3rd day Exercise 3-13 (15 minutes) 1. | Actual manufacturing overhead costs | | $ 48‚000 | | Manufacturing overhead applied: 10‚000 MH × $5 per MH | | 50‚000 | | Overapplied overhead cost | | $ 2‚000 | | | | | 2. | Direct materials: | | | | Raw materials inventory‚ beginning | $ 8‚000 | | | Add: Purchases of raw materials | 32‚000 | | | Raw materials available for use | 40‚000 | | | Deduct: Raw materials inventory
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Everyone knows and loves the fairytale “Cinderella” where Cinderella starts out as a maid‚ wearing nothing but rags‚ and doing nothing but chores. She desires to go to this ball‚ but her nasty stepmother sends her to work right away‚ without allowing her to go. Fortunately for Cinderella‚ her fairy Godmother transforms her into a beautiful princess and lets her go to the ball‚ where she meets the price of her dreams. He is astonished by her beauty and in the end of the fairytale they fall in love
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A hero is someone who cares about other people’s lives than their own. Many people can call themselves a hero but don’t act like a hero. For example‚ in the book The Odyssey by Homer‚ the main character Odysseus is sailing with his men after the Trojan War‚ and he sees himself as a hero. On his way home from the battle a terrible storm had hit that was made by Zeus‚ the god of all gods‚ and his way home was turned into an adventure. Odysseus’ actions on the adventure makes his a very disrespectful
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Odyssey Project Each student is to keep a dossier‚ a file‚ of the Olympian gods Zeus and Athena in the Iliad. The total project is worth 150 points; the dossier on Zeus is worth fifty points‚ the dossier on Athena 100 points because it will be longer. Each student should note the characteristics‚ attributes‚ activities (speeches and actions)‚ the epithets (various names)‚ iconography‚ who the god normally associates with‚ and how the god is viewed by others (gods and humans) of each chosen god
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yourself in. The real conquer consists not in seeking new landscapes but in having new eyes. New eyes and a new mind can make or break you; help you or destroy you. Having the power to keep going and persevering all comes from within. Throughout “The Odyssey” by Homer‚ Odysseus’s strength‚ persistence and eloquent demonstrates that the only way to accomplish something is from the power within. Homer characterizes Odysseus with persistence in his actions and feelings. When Odysseus is attempting to
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Homer’s The Odyssey describes the tale of a man who tries to find his way home after the end of a war. The hero Odysseus has a long journey home‚ of which he survives due to his cunning and persistence. In Ron Howard’s film Apollo 13‚ Jim Lovell and his crew‚ must find their way back to Earth safely after numerous technical problems arise. The captain Jim Lovell is a hero in the way that his success and communication skills with the team on earth saved him and his crew from a devastating end. Heroes
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1-5 a. Historical costs are not useless in rapidly changing environment. Even though it does not tell us the fair market value of a certain item‚ it gives us an idea of how the price has changed as time passes. It allows us to record the depreciation and forecast the future costs. b. 1-8 2-4 A lotion bundle consists of 2 cases of 4oz‚ 4 cases of 8oz and 1 case of 12oz bottles. For each lotion bundle: Revenue=2*$36+4*$66+1*72=$408‚ Variable cost=2*$13+4*$24.5+1*27=$151 Contribution
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