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1. Select an animal or plant that you are familiar with that is living now. Describe several characteristics of this present day animal or plant.
2. Take this animal or plant and make small changes over long periods of time (thousands/millions of years) in 10 steps - the changes could be caused by factors such as pathogens, environmental, competition, climate, etc. Work as a group. Indicate the factor and what change it caused in the animal or plant at each step. Make small changes.
3. Clearly describe the changes in the original animal or plant. Remember that small changes are made over long periods of time. Show gradual change at each step. Remember to include the cause for the change.
4. This is not about the current known fossil history of an animal or plant, such as the evolutionary history of the modern horse. It is about taking the modern horse and changing it into something that has never been seen on earth - or at least we think it has never been seen before. Use your imagination.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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