Indifference map Samenvattingen, Aantekeningen en Examens

7.5 Assignments 7.5.1 First semester assignments SEMESTER 1 ASSIGNMENT 01/2018 CLOSING DATE: 02 March 2018 UNIQUE NUMBER: WEIGHT: 40% of semester mark TL501: Learning units 1 – 4 Prescribed Book: Chapters 1 – 4 This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the University before the due date. Answer all the questions on a mark-reading sheet or on myUnisa. IMPORTANT! The first ten multiple choice questions of thi...

Market Surplus - The dollar equivalent of the total benefit generated by a market. Market Surplus - Consumer surplus + producer surplus Price Ratio - The ratio at which one product can be exchanged for another such that the total cost of the two products together remains constant. Consumer surplus - An additional amount of money that consumers were willing to pay for a given quantity of product but which they did not pay. Consumer surplus is the dollar equivalent of consumer's utilities f...

ECON 475 - Chapter 6 / Unit 4 Questions and Answers 2023 A recent study showed that U.S. trade restrictions have had a _____ impact on trade between the U.S. and non-NAFTA countries. Multiple choice question. negative and significant positive but insignificant negative but insignificant negative and significant Which of the following are assumptions made throughout the chapter? (Select all that apply.) Multiple select question. Transportation costs and policy trade barriers ar...

SUGGESTED SOLUTIONS FOR MAY/JUNE 2015 QUESTION 1 1a. Consider the following baskets of goods: A B C If preferences satisfy all requirements, is A preferred to C or C to A? Explain your answer. Basket A has more food than basket C. Basket C has more clothing than basket A. Therefore, basket A and C cannot be compared without additional information. 1b. An island economy produces only two goods – coconuts and pineapples. There are five people (A, B, C, D and E) living on the island, w...

Grooming Standards and Body Composition Program Questions and Answers Guaranteed A+ Personal Appearance Mutilation of the body, objects through or under the skin and tongue (Females may have earrings IAW MCO P1020G), and tattoos and brands on head and neck or others that bring discredit upon the MC are PROHIBITED. Marine Corps Uniform Standards of Grooming Regulations do not allow eccentric or faddish styles of hair, facial hair, nail polish/makeup, jewelry, or glasses. Appropri...

The law of diminishing marginal returns assumes that A. Additional inputs are added in smaller and smaller increments B. there is at least one fixed input C. All inputs are changed by the same percentage D. All inputs are held constant - Answer B If indifference curves cross, then A. Consumers minimize their satisfaction B. The assumption of a demising marginal rate of substitution is violated C. The assumption of completeness is violated D. The assumption of transivity is violated E...

TCRN Practice Exam 100 Questions with Verified Answers A transcranial doppler is obtained for a patient with a traumatic subarachnoid hemorrhage. The doppler is positive for vasospasm. The trauma nurse would expect which of the following medications to be prescribed? - CORRECT ANSWER A vasospasm is a known complication of subarachnoid hemorrhages. Calcium channel blockers are used to prevent or reverse vasospasms and are frequently used in the treatment of a subarachnoid hemorrhage. Metoprolo...

Sophia: Microeconomics - Unit 2 Questions and Answers 100% Pass C1: Juan is able to list out the pros and cons of each possible bundle based on his personal preferences to help him decide which is ultimately the best bundle. Which of the following economic principles is Juan exhibiting? Completedness M1: Which description below describes an indifference curve? A curve on a consumer choice graph that indicates different combinations of goods that are equally appealing to the customer M2: Usin...

MCAT PSYCHOLOGY AND SOCIOLOGY EXAM Social stratification - ANSWER Social stratification refers to a system by which a society ranks categories of people in a hierarchy. In the United States, it is perfectly clear that some groups have greater status, power, and wealth than other groups. These differences are what led to social stratification Class consciousness - ANSWER awareness of one's place in a system of social classes, especially (in Marxist terms) as it relates to the class struggle....

CMN 142 Exam 1 Basic 88 Questions with Verified Answers When and where was the first newspaper published? - CORRECT ANSWER Strasbourg, Germany 1605 (Printed by Johann Carolus) Four italicized characteristics of a newspaper - CORRECT ANSWER 1. published 2. periodical 3. printed 4. present-centered Four italicized characteristics of a newspaper: Published - CORRECT ANSWER Meaning intended to be circulated to multiple persons, many of whom may be unknown to the publisher (unlike a per...