Assignment ( ECO 401 ) 1. Answer to part a. As the market clearing level is the quantity supplied equal to quantity demanded. Formulas Qs = 12000 + 50P Qd = 52000 - 30P Qd = Qs-----------------(1) Putting values in the above equation we get‚ 52000 - 30p = 12000 + 50p 52000 - 12000 = 30p + 50p 40000 = 80p P = 500 Clearing level of price (P) = 500 Clearing level of quantity (Q) = 52000 - 30P = 52000 - 30(500) Clearing level of quantity (Q) = 52000 - 15000
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Lesson 4 1. By default‚ Windows 7 standard users are permitted to install Plug and Play devices only if their drivers are Digitally Signed. 2. The debilitating condition in which files are stored as clusters scattered all over a disk is called Fragmentation. 3. The file system included in Windows 7 that is specifically designed for use on flash drives is called exFAT32. 4. Technically speaking‚ you create partitions on basic disks and volumes on dynamic disks. 5. In Windows 7‚ the
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International Trade and Finance Speech International Trade and Finance Speech The current state of the U.S. macro economy is made up of a plethora of highly involved processes. I am going to attempt to explain some simple terms and concepts focused on international trade and foreign exchange rates. Foreign Exchange Rates One needs to have a base level understanding of what defines an exchange rate. According to Investopedia‚ a foreign exchange rate is “The price of one country’s currency
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* Would the introduction of maximum prices by a government solve the problem of scarcity: Scarcity results from scarce resources and unlimited wants. An effective maximum price would be set below the market equilibrium. Unless the government took additional measures it would result in excess demand and a smaller quantity sold at a lower price. While some would benefit from lower prices others would now go without the good. Overall the action would not reduce the level of scarcity. * Discuss
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Norika Barnes Economics 106 Professor Cohen Learning Objective 2 Homework Assignment 1. Decide whether each of the following descriptions most closely corresponds to being part of a command system‚ a market system‚ or a laissez-faire system. LO1 Command System - A woman who wants to start a flower shop finds she cannot do so unless the central government has already decided to allow a flower shop in her area. Market System - Shops stock and sell the goods their customers want but the government
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bandwidth connection--even if this means creating multiple versions of webpages • Be consistent in the use of design features • Make sure the navigation controls are clearly labeled or otherwise recognizable • Test text visually on smaller monitors • Check to make sure that color combinations do not impair viewing clarity for color-blind visitors • Conduct usability tests by having potential site users navigate through several versions of the site. 3. List five goals that businesses should
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ECO 203 001 Principles of Macroeconomics Fall 2013 Chapter 4 Sample Questions Solve the following questions please. 1. The price elasticity of demand coefficient measures: A. buyer responsiveness to price changes. B. the extent to which a demand curve shifts as incomes change. C. the slope of the demand curve. D. how far business executives can stretch their fixed costs. 2. The basic formula for the price elasticity of demand coefficient is: A. absolute decline in quantity demanded/absolute
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Legal and Ethical Issues to using business information LEGAL ISSUES ARE VARIOUS ITEMS OF LEGISLATION THAT PROTECTS THE USE OF BUSINESS INFORMATION. DATA PROTECTION ACT 1998: Many business and shops have information about people. This act protects the information held about them to be misused. FREEDOM OF INFORMATION 2000: this act provides individuals the right to request information from a public authority. The public authority has to inform the applicant if they have the information which must
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Research Skills December 3‚ 2013 The Success of Chinese Version of ‘Mamma Mia!’ Shows to the Chinese Musicals Development Abstracts In recent years‚ musicals in China are being paid much more attentions than in the past. The show of Chinese version of ‘Mamma Mia’ has a bigger purpose than profit: it is part of a much larger drive towards a new Chinese creativity. The article will explain why Chinese version of ‘Mamma Mia!’ made such a great achievements in China‚ and examine
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The current state of the US macroeconomy is not as strong as it has been in the past. The cost of living is high‚ imports are high‚ and the overall economy is suffering. Businesses are suffering because it is cheaper to import goods than it is to produce them in the US. With this in effect‚ the GDP is suffering as well. Even with the tariffs and quotas that the government has put on these items coming into the country‚ it is still cheaper to purchase from overseas. The macroeconomy of the US is suffering
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