Problem Set 4: 355 Q1) Tastes for Varieties and trade 1. p = (Qn/1000p)^-1/2 pQ = Q^1/2 (n/1000p)^-1/2 MR = MC 1/2Q^-1/2 (n/1000p)^-1/2 = 1/2 Q = 1000p/n p = (Qn/1000p0^-1/2 = 1 Zero profits in the long run means that AC = p 10/(1000/n) + 1/2 = p Since the PP curve is flat and p = 1‚ then 10/(1000/n) +1/2 = 1 n = 50 2. The market size doubles‚ but there is still no change to the PP curve [p=1] 10/(2000/n) + 1/2 = 1 n = 100 3. The only gain from trade
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COMP122 Week 1 Homework Solutions Part 1: Complete the following problems. 1. What is machine code? Why is it preferable to write programs in a high level language such as C++? Machine code is the language which the computer hardware understands and executes. Instructions in a high-level language are closer to a natural language‚ such as English and therefore are easier to understand and learn than machine language. 2. What does a compiler do? What kinds of errors are reported by a compiler
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Week 1 Jessica Slankard BCOM/275 Scott Earle Who was the sender?The sender was the project manager at Renhill Staffing. | | Who was the receiver? I was the receiver. | | What was the message?The message was the job description for the job I was applying for. | | What channel was used to send the message? One of the channel’s was a copy of a section of an Air Force Instruction (AFI). The other was the manager‚ he didn’t really know what the job was or entailed. He only had the
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Looze CPA Memo To: Ken and Tina Close From: Gena Schwegel-Looze cc: Joetta Malone Acc/ 547 Taxation Date: March 24‚ 2014 Re: Week 1 Individual Assignment: Memo to Client In this memo one will include a summary of the facts‚ including the names‚ ages‚ educational background‚ and income status for Mr. and Mrs. Close and their two dependents. Looze CPA will also discuss two of the Close’s goals and concerns. This memo will also summarize the findings and key elements of the personal
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provided with nicotine cigarettes and the other with fake cigarettes that taste and smell like real cigarettes but do not contain nicotine. The fake cigarettes are an example of a(n) B.Placebo Maureen is a psychology major who is conducting a study on memory. The participants in her experiment study a long list of words and then recall the list by verbalizing the words to Maureen. Maureen knows which words are correct‚ and whenever a participant states an incorrect word‚ Maureen inadvertently shifts her
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Two weeks ago Jim began to recount a vivid‚ flashbulb memory from his childhood of the day he found out that his parents won the lottery. He describes the exact place he was sitting‚ the board game he was playing‚ and even the people he was with at the time. Recently‚ Jim discovered that he was wrong about his recall of that very day. I plan to explain why Jim had such an inaccurate memory of this experience by defining a flashbulb memory and describing the factors that play when false memories occur
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Week 1 Homework Chapter 1: Marriage‚ Relationships‚ and Family Commitments: Making Choices in a Changing Society 3. What important changes in family patterns do you see today? Do you see positive changes‚ negative changes‚ or both? What do they mean for families‚ in your opinion? As the textbook states on page 13 the three society-wide trends have already dramatically changed American family life and will continue to do so. New communication and reproductive technologies‚ changes in America’s
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an interdisciplinary field that combines information from many disciplines‚ such as biology‚ geography‚ chemistry‚ geology‚ physics‚ economics‚ sociology (particularly demography‚ the study of populations)‚ cultural anthropology‚ natural resource management‚ agriculture‚ engineering‚ law‚ politics‚ and ethics. Ecology‚ the discipline of biology that studies the interrelationships between organisms and their environment‚ is a basic tool of environmental science. Atmospheric science is a branch of
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Weekly Journal: Week 1 Grand Canyon University: EED-570 June 5‚ 2013 Weekly Journal In this week’s reading assignment‚ it discussed the importance of relating the social studies content to student’s social world and their prior knowledge on situations‚ how teachers need to use instructional activities‚ develop pedagogical content knowledge‚ and how teachers need to use the three-phase sequence when teaching social studies. In both chapters‚ it is discussed that by making meaningful connections
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Essay week 1 Clegg et al state in their book Managing and organization: “ Being rational means systematic application of various techniques to achieve some given end or goal. “ They also say: “ Rationality is action that is produced according to some rule; action that is not random or unpatterned.” (Clegg ‚ 2011‚ p. 52) This means that rationality is action which is done for a specific goal and done according to some rules or patterns. So rationality is twofold: on the one hand it has to do
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