that: A. there are always tradeoffs between economic goals. B. all production involves the use of scarce resources and thus the sacrifice of alternative goods. C. marginal analysis is not used in economic reasoning. D. choices need not be made if behavior is rational. 6. Which one of the following expressions best states the idea of opportunity cost? A. "A penny saved is a penny earned." B. "He who hesitates is lost." C. "There is no such thing as a free lunch." D. "All that glitters is not
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| 1 INCORRECT | | Redford‚ Inc. has provided the following data:If the dollar contribution margin per unit is increased by 10%‚ total fixed cost is decreased by 20%‚ and all other factors remain the same‚ net income will: | | | A) | decrease by $60‚000. | | | B) | increase by $60‚000. | | | C) | increase by $120‚000. | | | D) | increase by $420‚000. | | | | | | Feedback:The correct answer is C (Learning Objective 1): Net income will change as follows.Calculations: $600‚000
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Deep in the emerald forests of central Africa live the BaMbuti‚ a Pygmy race having their own unique way of life and culture. This way of life and culture is intricately patterned by their habitat: the Ituri Forest itself. In the 1950s anthropologist Colin Turnbull visited the BaMbuti of the Ituri Forest. He lived among them and did extensive fieldwork which he describes in his book The Forest people. What Turnbull discovered above all else is that the BaMbuti are a people who live by the forest
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What is normal? Normal‚ like the word love‚ has no true definition and will differ with every person you ask. Defined in the dictionary normal is “to conform to a particular standard” or “desired pattern”. I believe most people will say a normal person is one whom is free from defect‚ handicap and mental illness. Medicalization is a social process through which a previously normal human condition whether is be behavioral‚ physiological or emotional‚ becomes a medical problem in need of treatment
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DEFENSE MECHANISM Defense mechanisms are the "automatic" mental behaviors all of us employ to protect or defend ourselves from the "threat" of some emotional pain. More specifically‚ ego defense mechanisms are mental behaviors we use to "defend" our self-images from "invitations" to feel ashamed or guilty about something. Defense mechanisms in and of themselves are neither good nor bad; it is only in how appropriately they are used and how adaptive they are that determines if they are problematic
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decimal places) 2. Find the value of z if the area under a Standard Normal curve a) to the right of z is 0.3632; b) to the left of z is 0.1131; c) between 0 and z‚ with z > 0‚ is 0.4838; d) between -z and z‚ with z > 0‚ is 0.9500. Ans : a) z = + 0.35 ( find 0.5- 0.3632 = 0.1368 in the normal table) b) z = -1.21 ( find 0.5 – 0.1131 = 0.3869 in the normal table) c ) the area between 0 to z is 0.4838‚ z = 2.14 d) the area to the
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Managerial Accounting: Week 1 Assignment 1 Corriene Power ACC202: Principles of Financial Accounting Mr. Babawale Alao January 27‚ 2011 10 – 1 Identifying Financial versus managerial accounting characteristics a. Managerial Accounting b. Financial accounting c. Managerial Accounting d. Financial accounting e. Managerial Accounting f. Financial Accounting g. Financial accounting h. Managerial accounting i. Financial Accounting j. Managerial accounting
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Normal Distribution It is important because of Central Limit Theorem (CTL)‚ the CTL said that Sum up a lot of i.i.d random variables the shape of the distribution will looks like Normal. Normal P.D.F Now we want to find c This integral has been proved that it cannot have close form solution. However‚ someone gives an idea that looks stupid but actually very brilliant by multiply two of them. reminds the function of circle which we can replace them to polar coordinate Thus Mean
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Introduction Otis is one of the four major powerful international companies in the elevator industry‚ which not only produces and sales elevator globally but also maintain lift for its customers. Otis believes that manufacturing safe and energy-saving elevators by using advanced technology to make solution for practical problems from customers is its mission for all the time. In the recent years‚ elevator industry has been becoming more and more competitive. Thus‚ maintaining and expanding global
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random will be between 19 and 31 is about 0.95. This area (probability) is shown fir the X values and for the z values. σ = 3 0.95 σ = 1 0.95 X 19 25 31 -2 0 +2 Normal curve showing Standard normal curve showing area between 19 and 31 area between -2 and +2 Entry to a certain University is determined by a national test. The scores on this test are normally distributed with a mean of 500 and a standard deviation of 100
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