fertility rates have high literacy rates and vice versa. Tthe fertility rate of a country is thus inversely proportional to female literacy rate. At the literacy rate of 60%‚ fertility rate is about 7.72. At the litaracy rate of 100%‚ fertility rate is about 1.21. b)Cost of having a baby explicit short term: Birth and pre-natal expenses long term: Housing Food Education Transport Clothing Healthcare Miscellaneous (entertainment‚ vacations) Cost estimated
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Opportunity Cost Scarcity of resources is one of the more basic concepts of economics. Scarcity necessitates trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up (the next best alternative) as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost contrasts to accounting
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The purpose of this experiment is to determine the rate law and the activation energy for the reaction between persulfate ion‚ S2O82-‚ and iodide ion‚ I-: S2O82-(aq) + 2 I-(aq) 2 SO42-(aq) + I2(aq) The rate law can be written as Reaction rate = (1) Where m and n are the orders with respect to S2O82- and I-‚ respectively‚ and k is the rate constant. Determining the rate law involves determining the values of m and n. The temperature dependence of the rate constant is given
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The unemployment rate An unemployed person is one who is able and willing to work yet is unable to find a job. The unemployment rate is the number of unemployed workers divided by the total civilian labor force‚ which includes both the unemployed and those with jobs. Measuring the number of unemployed workers actually seeking work is very difficult‚ but there exists several different methods to do so. Each method has its own biases and the different systems that make comparing unemployment
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Labor rate variance is the difference between the actual labor rate and the applied overhead rate (standard rate multiplied by the number of actual hours worked). Consider this and respond to the following: • "Our workers are all under labor contracts. Therefore‚ our labor rate variance is bound to be zero." Do you agree or disagree that the labor rate variance will be zero if all workers are under labor contracts? Explain giving reasons. The concept of labor rate variance and its application
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RATE OF REACTIONS. The reaction rate (rate of reaction) or speed of reaction for a reactant or product in a particular reaction is intuitively defined as how fast or slow a reaction takes place. For example‚ the oxidative rusting of iron under the atmosphere is a slow reaction that can take many years‚ but the combustion of cellulose in a fire is a reaction that takes place in fractions of a second (right). Chemical kinetics is the part of physical chemistry that studies reaction rates. The concepts
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at age 67. The various plans‚ with their payment schedules‚ are listed below. In each case‚ calculate the payment(s) that must be made into the plan to ensure that you have the $3‚000‚000 available. For each plan‚ you may assume that your opportunity cost of funds is 6% per year; for each plan‚ you may assume that the phrase “at age XX” means the same thing as “on your XX’th birthday”. Plan 1: Single lump sum at age 25 Plan 2: Single lump sum at age 50 Plan 3: Equal annual payments
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between exchange rates‚ interest rates • In this lecture we will learn how exchange rates accommodate equilibrium in financial markets. For this purpose we examine the relationship between interest rates and exchange rates. Interest rates are the return to holding interest-bearing financial assets. In the previous lecture we have pointed out that as being a financial asset exchange rates tend to adjust more quickly to new information that goods prices. Like exchange rates‚ interest rates are also the prices
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CORPORATE LIQUIDITY‚ CASH FLOW SENSITIVITY‚ AND INVESTMENT DECISION Written by: Destria Kurnianti 10/309731/PEK/15164 Ratified on 18 Januari 2012 Supervisor Prof. Marwan Asri‚ MBA‚ Ph.D INTRODUCTION Modigliani and Miller (1958)‚ in a perfect market conditions there is no relationship between investment decisions and financing decisions. Although the assumption of perfect markets is eliminated‚ the separation between investment decisions and financing
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Lower education rates will raise recidivism rates because many prisoners who lack education and re-enter society will not be self-sufficient as education provides the basis for employment. Heather Ongley Lorena Quintero Amanda Winter Darren Robinson CJA/334 Philip Russo September 17‚ 2012 Introduction Before understanding the research to be conducted‚ one must understand the who‚ what‚ when‚ and why of the issue. Many people know and understand that with a better education they will
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