Unit 1: Consumer Theory Tutorial Set 1 PREFERENCES 1. A basic assumption about consumers in microeconomics is that they have preferences over different baskets of goods. Explain the concepts: “preference”‚ ‘preference order”‚ and “basket of goods”. 2. a) If there are only two goods‚ it is possible to illustrate a consumer’s preferences over them with an indifference map. Draw an indifference map with three indifference curves. b)There are a few standard assumptions about what an indifference
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1. What character did you choose from the available choices? Why? What are the pros and cons of choosing this character in the game? The character I pick was pat the plastic surgeon because she makes a lot of money the pros are that she makes a lot of money and the cons are that he life is work. 2. What housing and car option did you choose? Why? I pick the mansion because she makes a lot of money. 3. How much money did you allocate for the character’s retirement and paying
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1. Daniels mother and stepfather set out to deliberately harm him and to mislead and deceive professionals about what they were doing. The type of maltreatment shown in this finding is physical abuse and neglect. Both adults would deliberately harm him which suggests that they may have physically abused him as shown through physical indicators such as bruising and injuries. This finding also suggests that Daniel may have been neglected due to dysfunctional family relationships. Daniel’s mother
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CHAPTER 10 PRICE-SEARCHER MARKETS WITH LOW ENTRY BARRIERS QUESTIONS 1 THROUGH 10 ARE A SUGGESTED CHAPTER QUIZ. 1. In a competitive price-searcher market‚ the firms will a. be able to choose their price‚ and the entry barriers into the market will be low. b. be able to choose their price‚ and the entry barriers into the market will be high. c. have to accept the market price for their product‚ and the entry barriers into the market will be low. d. have to accept the market price for their
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CHAPTER 10 Cash Flows and Other Topics in Capital Budgeting ANSWERS TO END-OF-CHAPTER QUESTIONS 10-1. We focus on cash flows rather than accounting profits because these are the flows that the firm receives and can reinvest. Only by examining cash flows are we able to correctly analyze the timing of the benefit or cost. Also‚ we are only interested in these cash flows on an after tax basis as only those flows are available to the shareholder. In addition‚ it is only the incremental
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ALL CBSE STUFF Class XI Chapter 10 – Straight Lines Maths Exercise 10.1 Question 1: Draw a quadrilateral in the Cartesian plane‚ whose vertices are (–4‚ 5)‚ (0‚ 7)‚ (5‚ –5) and (–4‚ –2). Also‚ find its area. 14 Answer Let ABCD be the given quadrilateral with vertices A (–4‚ 5)‚ B (0‚ 7)‚ C (5‚ –5)‚ and D (– 4‚ –2). Then‚ by plotting A‚ B‚ C‚ and D on the Cartesian plane and joining AB‚ BC‚ CD‚ and DA‚ SU M IT © 20 the given quadrilateral can be drawn as To find the area of quadrilateral
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Affirmative action has been used throughout history to decide whether or not "minority" status American citizens should have a voice. Affirmative action refers to an action or policy favoring those who tend to suffer from discrimination in relation to employment‚ education etc. This topic has been very controversial in both the past and present. It has been commonly used in the college acceptance process in order to include different cultures and ethnicity’s into schools. This process should be used
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Annotated Bibliography University of Phoenix ENG 215: Effective Academic Writing Annotated Bibliography Andriessen‚ J.‚ Erken‚ G.‚ Van De Laak‚ C.‚ Peters‚ N.‚ Coirier‚ P.‚ (n.d.). Argumentation as negotiation in electronic collaborative writing. Retrieved from http://edu.fss.uu.nl/medewerkers/ja/Confrontations/Ch4.pdf This source talks about collaborative writing in a situation in which pairs of students have to produce and argumentative text. It goes into the different types of
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According to Emery‚ Finnerty‚ and Stowe (2007) the 12 Principles of Finance are divided into three groups that include: Group 1 Competition in Economic environment A. The Principle of Self-Interested Behavior: Theory suggests people behave in a mannerism that is most beneficial for them. B. The Principle of Two-Sided Transactions: Theory suggests there are two perspectives or positions in every situation. C. The Signaling Principle: Theory suggests people make assumptions based on actions
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The several approaches to accounting theory‚ 1. Deductive recur sing or “approach going from the general to the specific.” 2. Inductive approach ‘Going from the specific to the general.’ 3. The ethical approach of accounting theory places emphasis on the concept of justice‚ truth & fairness. This is particularly true of the ethical approach‚ for defining it of the separate approach does not necessarily imply that other approaches do not have ethical content‚ not does it imply that ethical theories
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