Microeconomy Homework

In: Business and Management

Submitted By juju98000
Words 1753
Pages 8
Microeconomics - Homework 1 - due 28th January
Choose the one alternative that best completes the statement or answers the question
Tick off your answer in the table on page 7 – do not forget to write your name

Economic concepts and reasoning
1) When the government chooses to increase public spending on domestic security, its choice ________.
A) involves a tradeoff with other public services such as education, to allow more domestic security
B) illustrates that scarcity does not always exist
C) involves no tradeoff because domestic security is necessary
D) primarily affects who gets the goods and services produced

2) Laura is a manager for HP. When Laura must decide whether to produce a few additional printers, she is choosing at the margin when she compares
A) the total revenue from sales of printers to the total cost of producing all the printers
B) the extra revenue from selling additional printers to the extra costs of producing these printers
C) the extra revenue from selling additional printers to the average cost of producing the additional printers
D) HP's printers, to printers from competing companies, such as Lexmark

3) Scarcity exists because
A) society and people are greedy and wasteful
B) our wants exceed the resources available to satisfy them
C) we make choices that are inefficient
D) poor people need more food and other goods

4) Suppose that the government promises to decrease taxes to a firm if it decides to stay in the country instead of moving abroad. This policy on the part of the government constitutes ________, to make the ________ of the firm remaining in the country.
A) an incentive; marginal benefit exceed the marginal cost
B) an incentive; marginal cost exceed the marginal benefit
C) a command; marginal benefit exceed the marginal cost
D) a command; marginal cost exceed the marginal benefit

5) A store…...

Similar Documents

Homework

...HOMEWORK 2 Avoiding Permanent Damage from Temporary Help Dated: 08/01/2012 Keller Graduate School of New York Course MGMT 520 Business: Its Legal, Ethical, and Global Environment In nowadays, background check of hiring employee is practicing by almost all agencies. Point is that, the skills of the applicant can be, somehow, figured out. It is much more difficult to assess the level of trust, honesty, mental toughness, and loyalty. Reading through chapter 9, and conducting a slight research, my answers to the questions of the given scenario are as follows: 1. Do temporary agencies have a “duty” to run background checks? If so, did Robert half “breach that duty?” Why or Why not? According to the law of negligence, temporary agencies should follow the duty policy on background check on pre-employment, in order not to satisfy an element of negligence. In case of Robert Half International Inc., and Fox Associates, Inc., I don’t think, that duty was breached, the company trusted to provided information by Ms. Ross about herself, and she got good recommendations from her former employers. At some extend, it is a background check. 2. The court ruled against Fox Associates. Was the court correct? Do you think Fox should have done its own background check? Why or Why not? I agree with the court decision, that it was determined that duty is not breached, because it happened unknowingly. Even though the company recommended the employee, Fox could do its own......

Words: 500 - Pages: 2

Homework

...Homework and Testing 1 Homework and Testing Assigning Homework How much is too much? As with classroom assignments, homework should never be given as busy work. It should have a purpose with a goal. And as I mentioned in the Behavioral Approach to Learning, homework should NEVER be given as punishment. The kid will associate homework with punishment. This may interest you. Harris Cooper (1998) analyzed more than 100 research studies on homework in American schools. He found that homework had a very small connection with test scores at the elementary level. If anything, the more homework an elementary school student had, the more negative their attitude was toward school. Plus it takes away from their social time, which is an important part of growing up. Kids need to learn social skills. Too much homework causes stress, as you probably know very well by now. Kids need to have down time too! Why does homework have such a small effect at the elementary level? One reason is that young children have limited attention spans and are very distractible. It is difficult to do homework in a house that has many distractions. Teachers need to work with parents and help students find a quiet space to do homework. Most professional organization in education agrees that homework should never exceed 10 - 20 minutes per day in grades K - 2. In grades 3 - 6 homework should never exceed 30 - 60 minutes per day. Another reason elementary school children do not benefit much from homework is...

Words: 6818 - Pages: 28

Homework

...HOMEWORK ASSIGNEMENT #1 Well, where to start. Ive never been asked to write about myself for a school assignment, and I definetly wasn’t expecting it from a Biology class. My name is …, which is a very common name in Mexico and in the United States. I am an avid outdoorsman and I have a wide range of hobbies. I love to surf, Kayak and occationally go fishing. I also enjoy Hiking, offroading and camping. Especially with friends and loved ones. I even enjoy working on cars, from engine rebuilds to the simplest of fluid changes. I come from a divorced family, and I was able to accept the outcome of my parents. My brother however resented it and to this day still holds a grudge against my father. I embraced my new step mother and my step father and considered them my parents and in a way was raides by a four parents. I think this is what made the well balanced person you see today. I am very family oriented and I go out of my way each week to see them all. I just wish I had more time to do so. To be honest this is my first Biology class, and I know you don’t like to hear this, but im taking this class because it is a requirement to transfer. Im not saying I wont enjoy this class, and I can see how you are so passionet about Marine Biology. I have taken Biology in High school before but to be hoinest I just coasted through and I don’t remember much from when I took that class. I just hope I can get the same inspiration you have about that......

Words: 296 - Pages: 2

Homework

...Week 5 homework 11/24/2013 1. One category of birth control is Fertility Awareness-Based Methods. What are the different methods involved and how effective is this category. Temperature Method — You will take your temperature in the morning every day before you get out of bed. Cervical Mucus Method — You will check the changes in your cervical mucus every day for the first part of your cycle until you are sure you have ovulated. Calendar Method — You will chart your cycles on a calendar. The best way is to combine all these methods. When they are combined they are called the symptothermal method 2. 'Birth control' is any thing that stop a woman or girl from becoming pregnant, or giving birth. Birth control can mean a wide range of things – from 'contraceptives' (used to reduce the chances of a woman becoming pregnant) to other ways of avoiding pregnancy, like not having sex. Contraceptives work by preventing a man’s sperm from fertilizing a woman’s egg, and can be done in several different ways. Students typically have a problem in distinguishing the difference between these two. Describe at least two methods of each and then explain why these are so easily confused. Two main types of contraception: Depo Provera which causes the woman to not have a cycle for three months and block the sperm from getting to the egg and another method is the birth control patch which is changed weekly. . Other types of contraception’s are surgical procedures like......

Words: 425 - Pages: 2

Homework

...Homework 1 On the 19th of September on the year 1991 in a very small city hospital in Brazil a very handsome boy was born, and that boy is me. My name is ________, I grew up playing soccer and running around on the streets of Brazil. When I was about 16 years old I came to visit United States and it was love at first visit, and I decided to make this place my new home. I lived in Florida for the most part, my parents were always relocating due to their work. I went to four different high schools, and the last one of them was in Boston, MA where I graduated. After high school I took a 6 month brake from school to decide what profession I wanted to follow. After a long time contemplating my decision I chose Civil Engineering as my major and started at FIU. I started working at the age of 17 at a fast food restaurant (Pizza Hut), I worked there for quite some time until I had to leave because my parents were moving to Boston. Once in Boston I found a pizza hut very close to my house and I applied there. Needless to say I got the job. After that I moved back to Florida where I started working at a 4 star restaurant, then another restaurant. After some time working in the restaurant business I wanted to get experience in some other area, maybe in an area that would be related to civil engineering and help me in the future. Then I started working at a Hotel in Miami Beach as an ‘engineer’. Yes the tittle is very misleading because all I did was maintenance work, still it was......

Words: 537 - Pages: 3

Homework

... 16 June 2014 GS1140 2.1. Which characteristics listed in the tables on pages 14 and 15 do you feel you now possess? Which characteristics do you feel you need to improve? I have the knowledge and believe every problem has a solution. I can honestly work on the rest I get frustrated easily and want to quit to soon. After I get the answer I do not tend to recheck it ever. 2.2. Choose three of the Seven Habits of Highly Effective People and explain how you will practice them during the coming weeks. Be Proactive. Main thing for me is to ask questions, I already know I am going to need a lot of help in math. Think Win/Win. Got to stay positive… enough said there Practice Renewal. class homework revisit a lot. I have to commit things to memory so I can learn them. 2.4. What other examples of recent paradigm shifts can you identify? Paradigm shifts in recent years Just to talk about a few 1 the creation of the World Wide Web changed how we communicated with friends and .Family around the world. 2 Facebook changing the Social Media scene is becoming the normal now. 3 The electric car a cleaner alternative to fuel. 2.6. Identify a group of people with whom you frequently interact. Make a list of things you can do to become a better team member and to establish a creative environment. Amgard BOD, listen better, be more open to new ideas, Allow others to be heard and myself to be understood....

Words: 267 - Pages: 2

Homework

...Kathryn Blink Week 2 Homework Exercise 3-13 A. Calculate the cost per equivalent unit for materials and conversion costs. Labor: $8.97 Cost: $9.59 Total: $18.56 B. Calculate the cost of items completed during November. $37,584,000,000 C. Calculate the cost of ending Work in Process. $55,680.00 (Material $47,328, Labor $25,056) Exercise 3-14 A. Prepare a reconciliation of units and a computation of equivalent units for June for the Cleaning Department. 40 @ 50 | 20 | 20 | 500 @ - | +500 | 470 (total units finished in the month) | 50 @ 75 | | 30 (add remaining) | | 520 | = | | | 520 | Problem 3-11 Prepare a production report for the Blending Department for May. Production Cost ReportBlending DepartmentMay | Unit Reconciliation | | Units in Beg. WIP | 7,500 | Units started during May | 97,000 | Units to account for | 104,500 | Units completed and transferred to packaging | 92,500 | Units in ending WIP | 12,000 | Units accounted for | 104,500 | Cost per Equivalent Unit Calculation | Material | Conversion | Overhead | Total | Cost | Beginning WIP | $7,000 | $8,000 | | $15,000 | Cost incurred during May | $106,473 | $143,632 | | $250,105 | Total | $113,473 | $151,632 | | $265,105 | Units | Units completed | 92,500 | 92,500 | | | Equivalents units, ending WIP | 7,800 | 2,400 | | | Total | 100,300 | 94,900 | | | Cost per......

Words: 257 - Pages: 2

Homework

...Homework Assignment 3 1. Current price in US dollars? (1924/98) $19.63 USD The price in July 2012? (1924/123) $15.64 USD 2. The percentage price change since January? (1924/114) = $16.88 USD ($19.63-$16.88) = $2.75 ($2.75/16.88) = 16.29% increase. Since last July? 19.63-15.64 = 3.99 3.99/15.64 = 25.51% increase 3. What other factors does Dennis need to consider in calculating total landed cost? Cost of the item, brokerage fees, shipping costs, currency conversion, shipping costs, handling fees, customs duties, tariffs and taxed 4. What do each of these terms mean to Dennis? a. Ex works, Seoul, Korea, SKw 12,100 (12,100/806)=$15.01 USD. This is the price of the unit once it is made accessible at the factory. There are still costs that need to be added such as, transportation costs, insurance cost, brokerage fees and applicable duties/taxes. b. CIF Baltimore, $15.50 USD. This means that the cost includes transportation and insurance to the port in Baltimore. Here are still costs that need to be added which are, brokerage, duties/taxes, and inland freight costs. c. DDP New York, $16.50 USD. This means that the cost has already been figured in and it includes transportation, insurance and duties/taxes. The cost that needs to be added is inland freight and brokerage fees. 5. What other pieces of information might Dennis require in order to make an informed decision? a. For choice A, with Ex works, how much......

Words: 520 - Pages: 3

Homework

...HOMEWORK WEEK Chapter 5, Review Question R3 What are some of the possible services that a link layer protocol can offer to the network layer? Which of these link layer services have corresponding services in IP? In TCP. Asides the basic service provided by the link layer which is to move a datagram from one node to an adjacent node over a single communication link, there are other services provided by the link layer protocols. These services are as follows; * Framing: network layer datagram are enclosed by link layer protocols within a link layer frame before transmission over the link. * Reliable Delivery: The protocols provides reliable delivery service by guaranteeing to move each network layer datagram across the link without error. * Error detection and Correction: The link layer protocols provide a mechanism to detect and correct error that are incorrectly decided in the link layer hardware. * Link Access: The media access control protocol specifies the rules by which a frame is transmitted onto the link. The reliable delivery service also have corresponding services in TCP. Chapter 5, Review Question 4 Suppose two nodes start to transmit at the same time a packet of length L over a broadcast channel of rate R. Denote the propagation delay between the two nodes as dprop. Will there be a collision if dprop < L/R? Why or why not? No, there will be no collision. This is because the transmission time is less than the propagation delay; so the......

Words: 305 - Pages: 2

Homework

...The University of Texas at Dallas Special Homework #1- Lifecycle Management Process Swapnili Jadhao 02/25/2015 SYSM 6301 Spring 2015 General “Case Study” Analysis Questions: 1. What was the general “subject” of the article? The general subject of this article is analysis of the ISO/IEC 24748 systems and software lifecycle management guide against other standards and academic material, and proposes additions to make to the standard for it to properly promote and support software quality engineering. The article explains the results of a term research project focused on the analysis guide for life cycle management a software quality engineering perspective. 2. What lifecycle stages were primarily focused on that needs to be improved? The lifecycle stages those were primarily focused on and needs to be improved are as listed below: • Concept – In this stage the stakeholder’s requirements trigger the project and drive the whole engineering effort. • Development – In this stage the stakeholder’s requirements are refined with the perspective of quality and are ‘baselined’. • Production – In this stage considering the quality model selected and the baseline accumulated from previous stages quality activities will be performed according to the plans. • Utilization – In this stage, the monitoring of performance and identifying, classifying and reporting of anomalies, deficiencies, and failures occurs. • Support – In this stage, the system-of-interest is deployed and logistics......

Words: 968 - Pages: 4

Homework

...Joe Bird Mr. Nick 08/07/2015 Homework Review Questions 3.1 Define the following terms as they apply to the relational model of data: Domain – Set of atomic (indivisible) values. Attribute – it describes a component of the database, such as a table or a field. N-tuple – in mathematics, an ordered set of n elements called its components or coordinates. Relation Schema – It is representation of database highlighting relationships that we have created. Relation State – set of tuples that have the same attributes. Degree of a relation – number of attributes n of its relation schema. Relational Database Schema – Tables, columns and relationships that make up a relational database. Relational database state – is a union of all the individual relation states, whenever the database is changed a new state arise. 3.2 Why are tuples in a relation not ordered? - A Relation is defined as a set of tuples. Mathematically, elements of a set have no order among them: tuples in a relation do not have any particular order. In other words, a relation is not sensitive to the ordering of tuples. Tuple ordering is not part of a relation definition because a relation attempts to represent facts at a logical or abstract level. 3.3 Why are duplicate tuples not allowed in a relation? - Duplicate tuples are not allowed in a relation because it violates the specifications of the relational integrity constraints, particularly the key constraint which states that no two tuples can have......

Words: 259 - Pages: 2

Homework

...HSMG 699 Assigniment 1 (Submit via SAKAI by Friday, Feb. 5 midnight) Right on homework Corrected on homework Multiple Choice Questions: 1. Which of the following statements about finance, accounting, and financial management is most correct? a. Accounting is of no value in decision making. b. Accounting provides the theory and concepts necessary to help managers make better decisions. c. Financial management involves the measurement, in financial terms, of operational events that affect the resources and financing of an organization. d. The primary role of finance is to plan for, acquire, and use resources to maximize the efficiency and value of the enterprise. Pp slide 22 (Gapenski 2012) e. Financial management is of no value in decision making. 2. Which of the following statements about the role of finance in healthcare organizations is incorrect? a. Over time, the finance function has become increasingly focused on strategic issues, such as joint venture decisions. b. Today, the most critical finance function is cost identification. Should say cost containment pg. 8-9 c. The finance function often supports cost containment efforts and third-party payer contract negotiations. d. The primary activities of the finance function can be summarized by the four Cs: costs, cash, capital, and control. e. In times of high profitability and abundant financial resources, the finance function tends to decline in importance. 3. Which of the following......

Words: 1231 - Pages: 5

Homework

...Homework Week 1 Misunderstanding #1 Last weekend my wife and I threw my father his 76 Birthday party at our home while family and friends attended. When my younger sister and her family arrived, my wife greeted her by saying “hello stranger”, which is a proper greeting when two people haven’t seen each other in awhile. My sister received this greeting as a disrespectful greeting and stated to my wife she was offended and if you can’t greet me as “hello Gloria” do not greet me at all. a. Who was the sender? (My Wife) b. Who was the receiver? (My Sister) c. What was the message? A simple greeting d. What channel was used to send the message? Face to Face Communication e. What was the misunderstanding that occurred? A simple greeting was misinterpret as a personal attack. How could the misunderstanding been avoided. a. By not inviting here b. By not greeting her at all c. By greeting her by her name. Misunderstanding #2 Once I retired from the Marine Corps a year later I went back to work for a defense contractor as an instructor for the Marine Corps. During my time as a Marine the term “WM” stands for Woman Marines. I was not aware that terms was no longer used to refer to woman Marines. During my introduction I let the class know where the “WM’s” and the male marines restroom was. After the first class a female marine approach me to let me know that the term “WM’s” was no longer appropriate to refer to female......

Words: 364 - Pages: 2

Homework

...Homework Assignment #1 3-31. Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $11,950 and four exemptions. Assuming an adjusted gross income of $40,000.00 what is their taxable income for 2011? Adjusted Gross Income = $40,000.00 Less: Itemized Deductions of $11,950.00 Less: Personal Exemptions of $ 4($3,700.00) =$14,800.00 Taxable Income = $13,250.00 3-32. Compute Marie's taxable income for 2011, assuming she is single and claims two dependent children. Her adjusted gross income is $70,000, and she has itemized deductions of $9,000. Adjusted Gross Income = $70,000.00 Less: Itemized Deductions of $9,000.00 Less: Personal Exemptions of $ 3($3,700.00) =$11,100.00 Taxable Income = $49,900.00 3-36. Compute Stanley's taxable income for 2011, assuming he has $1,000 in wages from working in a grocery store and $2,000 in interest income from some bonds he owns. Stanley, age 16, is claimed as a dependent on his parents' return. Gross Income = $3,000.00 Less: Standard Deduction = $1,000.00 + $300.00 = $1,300.00 Total Taxable Income = $1,700.00 13-55 Mr. Z, a nondealer, sold assets on an installment plan. Determine Mr. Z's gross income for 2011. Relevant data include: In order to determine the Gross Income, we must first determine the gross profit percentage which = Gross profit/contract price. A. 50,000/200,000 = .25 B. 81,000/300,000 = .27 C. 96,000/400,000 =...

Words: 354 - Pages: 2

Homework

...Homework for Unit 3 Homework: 5-2, 6-6, and 6-10 5-2 Pg. 210 Wilson Wonders’s bonds have 12 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 10%. The bonds sell at a price of $850. What is their yield to maturity? INT = (Coupon rate)(Par value) = (.10)(1000) = 100 VB = INT [1/rd – 1/rd(1 + rd)N] + M/(1 + rd)N = 100[1/.10 – 1/.10(1 + .10)12] + 1000/(1 + .10)12 = 100[1/.10 – 1/.313843] + 1000/3.138428 = 100[10 – 3.186308] + 318.6308 = 100[6.813692] + 318.6308 = 681.3692 + 318.6308 = $1,000 $850 = $100/ (1 + rd)1 + … + $100/ (1 + rd)12 + $1,000/ (1 + rd)12 $850 = 100/(1 + .10)1 + … +100/(1 + .10)12 + 1000/(1 + .10)12 $850 = $1000 t=1NINT1+YTMt+M1+YTMN = 12.48% 6-6 Pg. 259 Suppose rRF = 5%, rM = 10%, and rA = 12% a. Calculate Stock A’s beta b. If Stock A’s beta were 2.0, then what would be A’s new required rate of return? rA = Risk-free rate + (Market risk premium)(Beta of Stock A) rA = rRF + (RPM)bA 12 = 5 + (rM – rRF)bA 12 – 5 = (10 – 5)bA 7 = 5bA 7/5 = bA 1.40 = bA BA = 2.0 RA = 5 + (5)2.0 RA = 5 + 10 RA = 15% 6-10 Pg. 259 You have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. The portfolio has a beta of 1.1. You are considering selling $100,000 worth of one stock with bet of 0.9 and using the proceeds to purchase another stock with beta of 1.4. What is the......

Words: 381 - Pages: 2