Microeconomics II Time Allowed: 50 minutes Instructions for Candidates This exam counts for 30% of the Module Grade. All questions carry equal marks. Note there is NO negative marking Correct answer is worth 1 mark. No answer or more than one answer‚ will both receive a 0 mark. Incorrect answer will receive a 0 mark. Attempt all 20 questions. Shade in the box in the appropriate space with a HB pencil on the RESPONSE SHEET. Write the test version at the top of the RESPONSE SHEET You may
Premium Supply and demand Economics
How to Read CLOSELY and SUCCESFULLY 1. Annotate Use ALL of the annotation skills we’ve learned all year—look for literary devices‚ themes‚ characters‚ moments that make you question‚ predict of connect with the text. 2. Read the questions accompanying the passage FIRST It ALWAYS helps to know what you are looking for! 3. Read the passage slowly and carefully… Be aware of the time…but don’t rush. Check the clock and set a pace for yourself. 4. When answering the questions‚ PAY ATTENTION
Premium Question
estimated data as follows: The cost of equipment is USD 12‚000‚ the cost for transportation and installation is USD 1‚000 USD. The asset is depreciated according to a straight line depreciation scheme within 5 years. It is expected that the project can produce and sell 7‚500 units of product at the price of USD 2 per unit‚ for the first year. The operating costs for the first year (excluding depreciation) are estimated to be USD 10‚000. Revenues and operating costs are supposed to grow at the annual
Premium Depreciation Corporate tax Net present value
Ethics‚ or Moral Philosophy‚ is a branch of philosophy that involves systematizing‚ defending‚ and recommending concepts of right and wrong conduct. First studied in Ancient Greece around 400 B.C‚ morality is a fundamental part of human society. Without basic morality‚ the human species would have died out before the study of ethics even began. Ethics must have existed before we studied them‚ or -as stated previously‚ we would have died out. Inferring that good must have existed before it was ‘discovered’
Premium
Explain the Utilitarian & Deontological aspects of informational privacy for employers & employees INTRODUCTION Patricia Dunn‚ placed number 17 on FORBES list of most powerful women‚ landed herself four felony counts by making unethically chivalrous decisions. Patricia Dunn‚ once a chairwoman on the board of Hewlett-Packard‚ a position she held from February 2005 until September 2006. Her tenure was cut short on October 4‚ 2006 as she was charged with four felony counts for her
Premium Ethics Morality Utilitarianism
Can Paradoxical Thinking Be Learned In almost all colleges and university students is traditional being taught the principle model of cause-and-effect to developed young minds analytical and critical thinking skills. In other words‚ paradoxical thinking can be learned. It is possible to change an individual’s frame of mind by presenting an emotional puzzling feeling to the brain. What appears to be real cannot be‚ and yet it is. Paradoxical thinking allows a mind to reach beyond what is appeared
Premium Mind Psychology Cognition
the Hippocratic oath that I took when I became a doctor‚ and not falsify data so someone who has a life threatening condition would not get the kidney. My answer would change if this was my best friend or siblings‚ but that is also why doctors should and do not normally treat family members or close friends; it presents a potential conflict of interest when it comes to making hard decisions. A care ethicist would answer this question by saying that they would absolutely fudge the data‚ personal obligations
Premium Virtue Family Ethics
Good or Bad? : How Ethics Can Help Us Decide Frances M Gierbolini PHI208: Ethics and Moral Reasoning Instructor: Victor Reppert March 12‚ 2013 Good or Bad? : How Ethics Can Help Us Decide One of the more popular approaches to determining good from bad is to apply utilitarian ethics. This essentially means that if given a choice between two acts the act that benefits the majority should be chosen. Philosophers use the term “utility” to express this idea‚ and “utility” is defined as the “satisfaction
Premium Ethics Virtue ethics Utilitarianism
Homework Problem Set 4 1. Because Q=12-2P inverse demand P = -0.5 Q+6 For “half price” case‚ P = 2.5‚ Q=7 consumer surplus = 7*(6-2.5)/2 = 12.25 For “buy one‚ get one free” case‚ when original P = 5‚ Q = 4 instead of 2‚ total benefit TB = (4+6)*4/2 = 20 On the other hand‚ payment is 2*5=10 dollars‚ so consumer surplus will be = 10 Thus “half price” gives more surplus. 2. cost minimizing manner‚ marginal product of typewriter/marginal product of word processor=rent of typewriter/rent
Premium Costs Marginal cost Economics
Chapter 13 Problems (2‚ 9‚ 11‚ & 14) 2) Determine the coefficient of correlation and the coefficient of determination. Interpret the association between X and Y. X Y x^2 xy 5 13 25 65 3 15 9 45 6 7 36 42 3 12 9 36 4 13 16 52 4 11 16 44 6 9 36 54 8 5 64 40 39 85 211 378 r = (378) - (39)(85) / 8 = -36.375 √[211 - (39)^2 / 8] *
Premium Pearson product-moment correlation coefficient Correlation and dependence Spearman's rank correlation coefficient