The Sherman Antitrust Act was put into place to break up monopolies. In the late 1800s, John D. Rockefeller got rich monopolizing oil, J.P. Morgan did the same with the railroads, so the Sherman Antitrust (kind of like anti-monopoly) Act was created in 1890, and then the Clayton Act in 1915 came along to close up loopholes. Now give me a normative argument: if I create something new, shouldn't I get to make monster profits on it? Isn't Zuckerberg a monopolist of Facebook? Or what? Microsoft got hit with antitrust violations because they were dominating the market with Windows... was that wrong? What do you think?

1. Explain why price is always larger than marginal revenue for a monopoly and for what kind of firm is marginal revenue and price the same?

2. What kind of firms choose to maximize profit and What kind of firms maximize profit by setting MR=MC

3. Here's why we like to regulate or destroy monopolies. For a short time, I lived on a small island of Eskimos in Alaska, with an Innuit tribe, in a town called Shishmaref. They had one grocery store, where lettuce was $12/head. So I never bought any. Briefly explain what the deadweight loss was in this scenario.

Consider each of the following case studies. For each scenario, create a monthly budget. You will have to make reasonable assumptions for many expenses based on personal experience and internet research. Where required, include a description of any assumptions made.

Case Study 1

Part 1
Kevin has recently graduated from a college program in Computer Engineering Technology and has accepted a job with a computer networking company in Kitchener, Ontario. His monthly salary after deductions is $2235. Kevin rents a one-bedroom apartment in town. His monthly rent is $950 plus electricity, phone, internet, and cable. Kevin owns an older car which seems to need many repairs lately. Kevin is also a big movie fan. Between going to the movies and buying DVD’s, Kevin estimates that he spends $60 per week.

Part 2
Kevin borrows $12 000 to buy a new car. His car loan charges interest of 6.9% /a, compounded monthly. The loan is amortized over 3 years. Use the TVM Solver to determine his monthly payments. Create a revised budget to reflect this expense. You will likely need to reduce some of Kevin’s expenses so that he can afford his car payments.

describe one advantage and one disadvantage of having PLCs. Would you want to be on a school site that uses PLCs to analyze student data? Explain.

(1) You are presenting to a group of high school students on the dangers of substance abuse. Describes treatment options based on theoretical models and current research

What problems does society face today with violence in our school systems? How does bullying play a role in contributing to deviant behavior?

Lets say you are working as a school health educator. Which parts of the Precede-Proceed model would you be working with the most? Why? Explain.

What role does the school or education system play in building self-confidence and self-esteem of youth? Why is this not done more often? Explain.