The new sequel to the well known play‚ THE CRUCIBLE‚ was produced by truly talented casts of Hall High School last week. ABIGAIL/1702 was written by Roberto Aguirre-Sacasa‚ and is about the life of Abigail Williams 10 years after the events of The Salem Witch Trials. Though I do believe that seeing or reading THE CRUCIBLE would have made my experience more enjoyable‚ what I saw on Friday and Saturday night exceeded my expectations. At first I was sceptical about the idea of two casts. I did not
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Microeconomics is the study of the choices that individuals and businesses make and the way these choices respond to incentives‚ interact‚ and are influenced by government. Microeconomics involves the analysis of how consumers make decisions about what to consume‚ how firms decide what and how much to produce‚ and how the interactions of consumers and firms determine how much of a good will be sold‚ and at what price. Many interesting questions can be approached by applying the methodology developed
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Sample questions for the Microeconomics Midterm Exam Summer 2013 The exam will cover chapters 1‚ 2‚ 3‚ 4‚ 5 and 6 There will be 100 minutes allowed to complete the exam. You will have three types of questions: multiple choice‚ true or false and explain‚ and analysis problems. True or False and Explain (Remember that there is one mark for True or False and 4 marks for your explanation) 1. Economics is only interested in fairness not efficiency. 2. If the marginal
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©2005 Pearson Education‚ Inc. & ©Y.E.Riyanto Lecture 1 1 Themes of Microeconomics Microeconomics deals with limits that economic agents (consumers‚ workers‚ firms‚ etc) face: Limited budgets Limited time Limited ability to produce How do we make the most of limits? How do we allocate scarce resources? ©2005 Pearson Education‚ Inc. & ©Y.E.Riyanto Lecture 1 2 Themes of Microeconomics Limited resources (constraints) Choices must be made Unlimited
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(i) Collusion is common among oligopoly firms. Discuss the factors that make collusion likely to succeed. Use the relevant industry to support your answer. Oligopolistic firms are known to be independent as there are only a few sellers dominating the market; therefore changes in the price‚ sales or output of a firm will surely affect their competitors. The telecommunication industry in Malaysia exhibits the oligopoly market. For instance‚ Maxis or Digi customers are more likely to subscribe to Celcom
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HERMES OUTSTRIPES DEMAND AND SUPPLY Based on Bloomberg article by Andrew Roberts‚ November 4 2011 Hermes wanted to build two more factory because they reach their full target until 4 November and since they know they quantity demand will always increase‚ their goal in 2012 to raise the quantity demand until 14 percent. They think Europe debt crisis would not effect their selling on 2011. They are thinking about increasing the price of their product due to the increase price for raw materials
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Hoffman ‚ C Mutzabaugh‚ B. (2013‚ April 04). Avoiding southwest? frontier airlines to exit grand rapids. Retrieved from http://www.usatoday.com/story/todayinthesky/2013/04/02/frontier-will-avoid-southwest-pull-out-of-grand-rapids/2045193/ White ‚ S.‚ & Aloisi ‚ S Wohl‚ J. (2013‚ April 09). Wal-mart funds supplier training after bangladesh fire. Retrieved from http://www.foxbusiness.com/technology/2013/04/09/wal-mart-funds-supplier-training-after-bangladesh-fire/ Smith‚ A Becker‚ A. (2013‚ April 08)
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Academic year 2013/14 LM Economics and Market Policy Applied Microeconomics C Benassi corrado.benassi@unibo.it Office hrs: Mon 11-12 6 hrs per week - 10 weeks ————————————————————— Course outline: 1. General introduction 2. Consumption and Demand Theory: (a) Basic issues in the theory of consumer’s choice: preferences and budget constraints‚ demand functions and their properties; (b) Duality in consumption; Applications: (a) Applied analysis and expenditure systems; (b) Separability
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comparing their main features. As the terms suggest‚ macroeconomics deals with the market on a large-scale and its aggregate problems‚ while microeconomics concerns markets on a small-scale and individual aspects of the problems. There are six distinct aspects of the two approaches that are shown as in the following table: Microeconomics Macroeconomics (a) Units of the study Individual consumers‚ producers workers‚ traders‚ etc. Aggregate units such
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1) Which of the following most correctly describes GDP? GDP is the sum of the market value of all A) goods and services purchased within a country in a given time period. B) final goods and services produced within a country in a given time period. C) final goods and services purchased within a country in a given time period. D) intermediate goods and services produced within a country in a given time period. E) final goods and services produced by a
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