Questions for Homework 7 1. | The value of marginal product A. | equals marginal product. | B. | describes the costs of hiring an extra worker. | C. | equals marginal product divided by price. | D. | equals average product times the wage rate. | E. | equals marginal product times price. | | 2. | The marginal product of the 14th worker is 8 and the firm sells its output for $4 per unit. The value of the 14th worker’s marginal product is A. | $2. | B. | $4. | C. | $12.
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rish IIreland Inflation Rate The inflation rate in Ireland was recorded at 1.20 percent in October of 2012. Inflation Rate in Ireland is reported by the Central Statistics Office Ireland. Historically‚ from 1976 until 2012‚ Ireland I.R averaged 5.3 Percent reaching an all time high of 23.2 Percent in October of 1981 and a record low of -6.6 Percent in October of 2009. In Ireland‚ the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. Ireland
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This lab focused on three factors affecting reaction rates‚ temperature‚ surface area‚ and concentration. Our first experiment (table 1) looked mainly into the effects of temperature on the reaction rate. To see how different temperatures would change the reaction rates we had three flasks all containing varying temperatures of water(H20). One with cold water (4°C)‚ one room temperature (21°C)‚ and one with hot water (44°C). In each flask‚ we dropped one tablet of Alka-Seltzer‚ all within 0.008 grams
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Discuss the effects of increased concentration in transport markets. Concentration ratio refers to the market share of the largest firms in an industry. For example‚ a 5 firm concentration ratio of 65% means that the 5 largest firms have more 65% of market sales. If the concentration ratio increased‚ then 1 or 2 firms may start to dominate the market and the firms will be able to exercise Monopoly power. (in UK legal definition of a monopoly is a firm with more than 25%) This is likely to cause many
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Understand Child and Young Person Development Understand the expected pattern of development for children and young people from birth – 19 years Each child and young person will follow an expected pattern of development‚ focusing mainly the skills they are learning rather than the physical growth. Although when discussed the development of children it focuses on the skills it is undeniable that both skills and growth of children and young people are linked and will impact on the development on
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Biology Assignment Transpiration rates between Exotic vs. Native plants In this investigation we will be looking at transpiration. The topic we will be focusing on is transpiration rates between native plants as well as exotic plants. We will be experimenting with 2 native plants as well as 2 exotic plants. The reason we are experimenting on this topic is because of Australia’s dry weather‚ we are wanting to find out which plants will be able to hold more water during Australia’s peaking tempretures
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Introduction – Determinants of Exchange rate ................................................................................. 3 2 Research papers .............................................................................................................................. 4 2.1 Paper -1: Determinants of Exchange Rate Movements ............................................................. 4 2.2 Paper -2: Macroeconomic Determinants of Real Exchange Rates .................................
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Article: Interest Rate Hikes in Brazil http://online.wsj.com/news/articles/SB10001424052702303626804579505673346899690 http://www.reuters.com/article/2014/04/02/brazil-economy-rates-idUSL1N0MU0O420140402 As the global recession still lingers‚ countries have been looking for different ways to stimulate the economy. There are multiple ways to stimulate the economy‚ primarily through monetary and fiscal policy‚ action taken by the central bank and government respectively‚ in order to adjust money
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living in Iraq. The life expectancy rate of both Australian and Iraqi children have been influenced by various health determinants such as war and disease which can cause the rate to be higher or lower compared to those of other countries. The percentage of immunisation coverage of Hib3 in Iraq is 46% compared to 92% in Australia. This health indicator is influenced by various health determinants including access to services and income. Adolescent birth rate is the rate of births from woman aged 15 to
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