Reference no: EM131228994
Question:
Review Sheet for Econ 201 Exam#1
1. Name the factors of production (note which one is not the factor of production).
2. How do you read the combination of production on the PPF?
3. What does it mean if the point of production is inside the PPF?
4. Learn to show shortage or surplus in a graph of demand and supply.
5. How would you calculate slope of a line?
6. Which factors affect the shift of demand (or Supply) curves?
7. What is the difference between Shift and Movement?
8. Prepare examples for positive and normative economics.
9. How to calculate market demand?
10. What is transfer payment?
11. Name each Principle of Economics and know how to calculate them.
12. How to calculate value added?
13. How to calculate GDP?
|
Recommending an optimal mix for production
: Imagine you are tasked with recommending an optimal mix for production and pricing of a product. How would you go about utilizing economic indicators and data to make that recommendation? Please use a specific product as an example in your initial..
|
|
Discuss what the standard deviation means
: Discuss what the standard deviation means. Use one of the company's historical data sets to calculate the standard deviation of the selected data for the last 5 years.
|
|
Derive the electric field update equation
: A Lorentz medium with finite conductivity. Derive the electric field update equation (analagous to Equation 10.14) for a single-pole ADE Lorentz medium with finite conductivity σ.
|
|
Describe the workforce changes in types of jobs
: Using this lead-in as the context, describe the workforce changes in types of jobs during the past hundred years. Also, answer the over-arching question, "What implications have these changes created for today's HR manager?"
|
|
Name the factors of production
: 1. Name the factors of production (note which one is not the factor of production). 2. How do you read the combination of production on the PPF? 3. What does it mean if the point of production is inside the PPF?
|
|
Provide reasonable accommodation for employees disability
: Sidney worked for the post office as a letter carrier, but after Sidney had hip surgery, he was no longer able to do the work of a letter carrier that required extended periods of walking and lifting of moderately heavy loads. After Sidney had exhaus..
|
|
Derive an fdtd ade formulation for such a medium
: Combined Drude / Lorentz medium. A large number of metals, including nickel, silver, and platinum [5], are modeled with a combined Drude / Lorentz model of the susceptibility.
|
|
Analyze the return on equity for the last two years
: Contrast IASB basis for accounting and FASB/GAAP accounting. Compare three companies and their strategies for managing their working capital. Analyze the Return on Equity (ROE) for the last 2 years using the DuPont method.
|