a. Using the simulation in the spreadsheet would yields Q=584 b. [pic] Problem #2 a. Using solver to solve the embedded model in the Excel sheet or by trying different values for h the optimum value will be obtained as “h=4” b. Marginal Revenue = Marginal Benefit [pic] c. Optimal profit from Problem #1 = 331 Current optimal profit = 371 The difference is due to the effect of Sheen’s effort on the demand. This relation is not surprising. Players in the different
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B) What does the word “freedom” reminds you of? How would you define freedom? O) Everything can be defined with its opponent‚ therefore captivity comes to my mind when I think of freedom. Being behind walls is not the only thing that captivity reminds me of. Actually everything that limits us in our daily lives‚ everything that restricts our lives can be considered as something that captures us. Therefore a world without those can be considered as a free world‚ though it cannot be fully possible
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How (Un)ethical Are You? Most of people believe that they are ethical and unbiased. They imagine they’re good decision makers‚ able to objectively size up a job candidate or a venture deal and reach a fair and rational conclusion that’s in their‚ and their organization’s‚ best interests. But more than two decades of research confirms that‚ in reality‚ most of them fall woefully short of our inflated self-perception. This article explores four related sources of unintentional unethical decision
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trade unions are the pressure group that employees might use to negotiate pay and conditions with the employer -M1 Stakeholder points of view (M1) The stakeholders in the case of Social Services view the service in different ways: [example notes] Councillors They hope that people get excellent services in the localities they represent and that they will vote for them again in future elections. Councillors are involved in decisions to do with operating the Social Services in the city. They take
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“How does INFORMATION help you in your daily life?” Information is a critical resource for decision making. It refers to data that has been processed and put into a meaningful context. . Information plays a significant role in our daily professional and personal lives and we are constantly challenged to take charge of the information that we need for work‚ fun and everyday decisions and tasks. Information is like water in my daily life. Information helps me quench my thirst for knowledge .I
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individual and society. How does Cisneros demonstrate this‚ and how can you relate? If you look in the Dictionary for the word self-knowledge it says‚ “self-knowledge is the knowledge or understanding of one’s own capabilities‚ character‚ feelings‚ or motivations”. Many people find themselves in difficult situations all the time. Some don’t fight to overcome this‚ but some do. It is even more difficult when that happens to kids‚ because they don’t know what is happening or why. But what young people have
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ACT Paper How would you feel if you were being constantly monitored at school? Well‚ that’s what many high schools in the United States are currently doing; installing security cameras in various locations of the school. Security cameras in high schools are a good thing and all high schools should be investing in them. They make the school a safer environment‚ deter the wandering of students‚ and can help monitor behavioral changes in students. Security cameras would make the school safer
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You are what you drive When you see different people driving different cars on the roads‚ will you give yourself a second to think whether there is something relationship between the certain cars and the drivers’ personality? There is a theory that people who drive certain cars share personality traits. Generally speaking‚ our choices may say something about our values and interests. To some extent‚ women tend to buy smaller cars and men are likely to buy larger cars. But there are many other
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Evaluation of the different proposals to improve profits Following the recent board meeting‚ we have evaluated the different proposals and come up with one project that we recommend. In doing this‚ we have calculated the change in profits compared with the draft budget and compiled the Break-even charts to justify our recommendation. Marginal Costing Profit Statement of the draft budget £(000) £ (000) Sales 1000 Less Cost of sales: Direct Materials 320 Direct wages
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Straight What is something that you show without much thought? There a lot of facial expressions that a person can make. Some seem more common and the more subtle differences are lost in different traditions and cultures‚ but the most universal facial expression with same meaning across all culture is indicated by an upward curving of the corners of the mouth or simply‚ a smile. I smile knowing that smiling changes my mood. According to psychologists if you smile for a minute‚ no matter how fake or
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