copy of answers so you can contribute to the tutorial discussion and for making notes of correct answers. Tutorial Set WEEK 2 Revision Questions 1 Introduction to microeconomics: efficiency‚ scarcity & opportunity cost Textbook (J/M/W) 9th ed.) Chs. 1 & 2 1. What is the difference between microeconomics and macroeconomics? Micro: individual firms etc. Macro: Economy as a whole 2. What is the difference between deductive and inductive methods in economics when discussing theories? Deductive: Beginning
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precise than traditional methods of crossbreeding. CORRECT Genes from genetically modified crops may transfer to non-genetically modified crops. INCORRECT All of the above are environmental concerns of genetically engineered crops. 2. Question : What is the central theme of “The first green revolution” section in Chapter 3.1 of your text? The green revolution resulted in increased crop production without any environmental concerns‚ which generated a steep incline in human population
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MATH533 Week 2 Project Part A Size is the most understandable data to me because it clearly shows that most of the customers sampled had a household size of 2. As you can see from the graph below size 2 is over double the size of most of the other data. The mean of the household size data is 3.42 and the standard deviation is 1.739. According to the histogram the data is mostly skewed to the right. The Years data shows that most customers that were sampled have lived at their current
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“Is College Still Worth The Expense?” College is very important to us because it is the stepping stone to achieve our goal in life. It helps us to improve our skills and learn more‚ and it helps us to maintain higher levels of social competence and academic levels. Education remains and important investment for the future. Having an advanced degree‚ ensures that we are well trained and highly skilled in our chosen fields‚ which is very important. With advance knowledge and continued education
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DeVry Univers ACCT346 Weekly Ass Week 2 Directions: Your assignment this week is to answer the three questions below. Please note that Question #3 has add more rows or columns to the box if needed. 1. Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overh $582‚000 and 135‚000 direct labor hours were worked. The company estimated that it would incur $525‚000 of ma By how much was manufacturing overhead overallocated or underallocated for the
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plastics manufacturer with 550 employees. The corporate headquarters are based in San Jose‚ CA‚ and its plants are located in Georgia‚ Michigan‚ and China. The company is owned by Riordan Industries. Its projected earnings are $46 million‚ and it holds revenues in excess of $1 billion. It manufactures plastics such as plastic beverage containers‚ custom plastic parts‚ and plastic fan parts. Our team is tasked with identifying Riordan existing business systems and recommending a business case and process
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Engineering Materials Week 2 3.1 What is the difference between atomic structure and crystal structure? Atomic structure relates to the number of protons and neutrons in the nucleus of an atom. Crystal structure pertains to the arrangement of atoms in the crystalline solid material. 3.9 Calculate the radius of a tantalum atom‚ given that Ta has an BCC crystal structure‚ a density of 16.6 g/cm^3‚ and an atomic weight of 180.9 g/mol. For BCC n=2 atoms/unit cell 3.47 Below are shown three different
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Week 2 Individual Assignment Brian Blackwell RES/320 December 17‚ 2012 Kerry Jones Week 2 Individual Assignment Chapter 5 Discussion Questions 2 and 3. Question 2: Define the distinctions between primary‚ secondary‚ and tertiary sources in a secondary search. Primary sources are data that has not been interpreted and are the original research performed. These sources are from the source of the information. The data given from a primary source has not been translated into information
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relationship between the price of this resource and the marginal revenue the firm receives? 25-1 (a) The demand curve faced by the firm is the downward-sloping market demand curve‚ so price exceeds marginal revenue at all quantities beyond the first unit produced. 25-3 The following table depicts the daily output‚ price‚ and costs of a monopoly dry cleaner located near the campus of a remote college town. a. Compute the revenues and profits at each output rate. b. What is the profit-maximizing
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programs produced revenues estimated at 2.5 billion Euros (more than US$3 billion) and better per passenger results. 1 Revenues from non-ticket sources‚ which are called ancillary revenues‚ have become an important financial component for low cost carriers (LCCs) in Europe and throughout the world. Michael O’Leary‚ Chief Executive of Ryanair‚ Europe’s largest LCC‚ wants to offer free airline tickets by replacing traditional ticket sales with revenues produced by ancillary activities.2 His statement reflects
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