In: Anatomy and Physiology
Explain the theory of labor supply and define all the important assumptions, functions, and variables that are important for the theory. Use a graph to describe the optimal choice. What determines the numbers of hours worked or whether a worker enters the labor force at all? How would you expect the work behavior of lottery winners to change based on the theory of labor supply? Describe/Illustrate changes in the graph.
In: Economics
In: Anatomy and Physiology
In module 1 we discussed supply and demand. Create a children's story to explain the difference between a change in demand vs a change in quantity demanded using ice cream as your good. Also, include in your story a change in supply vs a change in quantity supplied regarding ice cream. To illustrate the changes you can make up your own.
In: Economics
research conservation efforts
“Endangered species in Canda,” Are any species likely to be extinct within the next 50 years? Pick one conservation effort and evaluate published reports. Is it likely that the species will recover and what are the major obstacles to overcome in order to achieve species preservation? Provide suggestions for research to be conducted for better management, as well as changes to management to improve odds of recovery for the species.
In: Biology
Many people with severe mental disorders are members of Medicare/Medicaid, which covers most medications. Some legislative changes to Medicare (Part D) now require some patients to be responsible for a co-pay. Should people diagnosed with severe psychotic disorders, like schizophrenia, be responsible for co-pays for their psychiatric medications? Why or why not? Who, if anyone, should pay?
In: Psychology
Consider a project with a life of 4 years with the following information: initial fixed asset investment = $380,000; straight-line depreciation to zero over the 4-year life; zero salvage value; price = $28; variable costs = $15; fixed costs = $121,600; quantity sold = 54,720 units; tax rate = 25 percent. How sensitive is OCF to changes in quantity sold?
In: Finance
A pump steadily delivers 8.94 kg/s of water at the conditions given below. Calculate the pump power (hp).
The rate of heat transfer from the pump to the surroundings is Q = 1.61 kW.
There are no changes in kinetic or potential energy.
Pump Inlet Temperature = 50oC
Pump Inlet Pressure = 1.75 MPa
Pump Exit Temperature = 50oC
Pump Exit Pressure = 4.17 MPa
In: Mechanical Engineering
McDonald's is a good example of a brand that is constantly evolving based on the changing demands of their customer. The evolution of their coffee offerings based on competition from Starbuck's is another example of how they respond to these changes with brand extensions. What are some other examples of effective new product introduction promotions? What are the most effective methods for communicating information about new products to employees and customers?
In: Operations Management
A pump operating at steady state receives 1.5 kg/s of liquid
water at 50oC, 1.5 MPa. The pressure of the water at the
pump exit is 14 MPa. The magnitude of the work required by the pump
is 25.2 kW. Stray heat transfer and changes in kinetic and
potential energy are negligible.
Determine the work required by a reversible pump operating with the
same conditions, in kW, and the isentropic pump efficiency.
In: Mechanical Engineering