Questions
Students are to complete the exercises in Word (or some other compatible word processor) and submit...

Students are to complete the exercises in Word (or some other compatible word processor) and submit for evaluation.

Questions

1. The purpose of economics is to provide a way to think. Economic thinking and decision-making recognize that because of scarcity something cannot be obtained without giving up something else. Consequently, we must make our decisions by comparing the costs and benefits and evaluating the tradeoffs. In doing so, five principles of economic thought come into play: tradeoffs, incentives, opportunity costs, marginal thinking, and voluntary exchange. Explain with a specific example of each how you apply these five principles of economic thought in your everyday life.

Table 1-1

Possible Output Combinations

Apples

(thousands of kilos)

Pears

(thousands of kilos)

A

70

0

B

60

20

C

50

36

D

40

48

E

30

56

F

20

60

G

10

63

H

0

65


2. Refer to Table 1-1. The Fruit Farm produces only apples and pears. The table above shows the maximum possible output combinations of the two fruits using all resources and currently available technology.

a. Graph the Fruit Farm's production possibilities frontier. Put apples on the horizontal axis and pears on the vertical axis. Be sure to identify the output combination points on your diagram.

b. Suppose the Fruit Farm is currently producing at point D. What is the opportunity cost of producing an additional 8,000 kilos of pears?

c. Suppose the Fruit Farm is currently producing at point D. What happens to the opportunity cost of producing more and more pears? Does it increase, decrease or remain constant? Explain your answer.

d. Suppose the Fruit Farm is currently producing at point G. What happens to the opportunity cost of producing more and more apples? Does it increase, decrease or remain constant? Explain your answer.

e. Suppose the Fruit Farm is plagued by a maggot infestation which destroys apple trees but not pears. Show in a graph what happens to its PPF.


3. Suppose you own an outdoor recreation company and you want to purchase all-terrain vehicles (ATVs) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this year is $240,000. ATVs cost $8000 each and snowmobiles cost $12,000 each.

a. Draw a budget line for your purchase of new vehicles.

b. What is the opportunity cost of one ATV?

c. What is the opportunity cost of one snowmobile?

In: Economics

Fill the blank with the correct word from the word blank Because of the adverse selection...

Fill the blank with the correct word from the word blank

Because of the adverse selection problem in the financial market, a firm’s newly issued stocks or bonds could be ( ) so that the firm would withdraw from the market. It will leave only the ( ) credit firms in the market.

To solve the asymmetric information problem between the lenders and borrowers, ( ) could be used as a good mechanism for ensuring that a borrower is likely to repay a lender.

word bank:

over-valued, under-valued, internal, external, directly, indirectly, GNP, GDP, information, confidence, good, bad, average, assets, liabilities, capital, revenues, expenses, costs, profits, net worth, resources, data, collateral,

Which of the following statements is NOT true about the balance sheet of commercial banks?

ā‘ Banks obtain the funds from depositors as well as by borrowings

ā‘”Banks use these funds to make loans or to purchase marketable securities

ā‘¢The difference between a bank’s assets and liabilities is the bank’s profit

ā‘£The bank’s profit also come from service fees

Some of the bank’s profit-making activities do not appear on the balance sheet of the bank. These activities are called (          ).

ā‘ Profit generator

ā‘”Hidden card operation

ā‘¢Off-balance sheet activities

ā‘£Off-income statement items

In: Finance

Fill the blank with the correct word from the word blank Because of the adverse selection...

Fill the blank with the correct word from the word blank

Because of the adverse selection problem in the financial market, a firm’s newly issued stocks or bonds could be ( ) so that the firm would withdraw from the market. It will leave only the ( ) credit firms in the market.

To solve the asymmetric information problem between the lenders and borrowers, ( ) could be used as a good mechanism for ensuring that a borrower is likely to repay a lender.

word bank:

over-valued, under-valued, internal, external, directly, indirectly, GNP, GDP, information, confidence, good, bad, average, assets, liabilities, capital, revenues, expenses, costs, profits, net worth, resources, data, collateral,

Which of the following statements is NOT true about the balance sheet of commercial banks?

ā‘ Banks obtain the funds from depositors as well as by borrowings

ā‘”Banks use these funds to make loans or to purchase marketable securities

ā‘¢The difference between a bank’s assets and liabilities is the bank’s profit

ā‘£The bank’s profit also come from service fees

Some of the bank’s profit-making activities do not appear on the balance sheet of the bank. These activities are called (          ).

ā‘ Profit generator

ā‘”Hidden card operation

ā‘¢Off-balance sheet activities

ā‘£Off-income statement items

In: Finance

must be 800 words - paragraph form and not word for word from google. Explain the...

must be 800 words - paragraph form and not word for word from google.


Explain the differences between Market Exchange Rates (FX) and Purchasing Power Parity (PPP). What are the advantages and disadvantages of using PPP measures for comparing incomes across countries?


In: Economics

must be 800 words in paragraph form and not word to word from google Discuss the...

must be 800 words in paragraph form and not word to word from google

Discuss the logic of economic globalization

In: Economics

VOCABULARY REVIEW Using the word pool on the right, find the correct word to match the...

VOCABULARY REVIEW
Using the word pool on the right, find the correct word to match the definition. Write the word on the line after the
definition.
Group A Word Pool
1. A document sent by the insurance company to the provider and
the patient explaining the allowed charge amount, the amount
reimbursed for services, and the patient’s financial responsibilities
_______________________

2. An online marketplace where you can compare and buy
individual health insurance plans; state health insurance
exchanges were established as part of the Affordable Care Act
_______________________

3. Low-income Medicare patients who qualify for Medicaid for their
secondary insurance _______________________

4. A formal request for payment from an insurance company for
services provided _______________________

5. System used to determine how much providers should be paid
for services rendered; used by Medicare and many other health
insurance companies _______________________

6. An order from a primary care provider for the patient to see a
specialist or get certain medical services _______________________

7. A written agreement between two parties where one party (the
insurance company) agrees to pay another party (the patient) if
certain specified ci cumstances occur _______________________

8. A list of fixed fees for services ______________________

9. An organization that processes claims and provides
administrative services for another organization; often used by
self-funded plans _______________________

10. Poor, needy, impoverished _______________________

policy
claim
indigent
resource-based relative value
scale (RBRVS)
explanation of benefits (EOB)
fee schedule
qualified Medica e
beneficiaries (QMBs)
third-party administrator
(TPA)
health insurance exchange
referral

In: Nursing

Can someone explain to me the program step by step next to each statement in the...

Can someone explain to me the program step by step next to each statement in the program by using comment \\ and do the program using the basic c++ cuz down program looked messy advance?

a. Request a five-letter string value from the console.

b. If the input string is not a five-letter word, print that the word is not a five-letter word.

c. If the input string is a five-letter word,determine if the word is or is not a Palindrome. Hint: String indexes can be used to compare letter values.

d. If the word is a Palindrome, print that it is a Palindrome.

Output Example (input is bold and italicized)

Enter a five-letter word: test

test is not a five-letter word.

Output Example (input is bold and italicized)

Enter a five-letter word: kayak

kayak is a palindrome.

#include<bits/stdc++.h>
using namespace std;
int main()
{

char string1[10000], string2[10000];

int i, j, length = 0, flag = 0;


cout << "Enter a Five-letter word: ";
cin>>string1;


length = strlen(string1)-1;


if((length+1) == 5)
{
for (i = length, j = 0; i >= 0 ; i--, j++)
string2[j] = string1[i];


if (strcmp(string1, string2))
flag = 1;
if (flag == 1)
cout << string1 << " is not a palindrome.";
else
cout << string1 << " is a palindrome.";
}
else
{
cout< }
return 0;
}

In: Computer Science

IN PYTHON 1) Pig Latin Write a function called igpay(word) that takes in a string word...

IN PYTHON

1) Pig Latin

Write a function called igpay(word) that takes in a string word representing a word in English, and returns the word translated into Pig Latin. Pig Latin is a ā€œlanguageā€ in which English words are translated according to the following rules:

  • For any word that begins with one or more consonants: move the consonants to the end of the word and append the string ā€˜ay’.

  • For all other words, append the string ā€˜way’ to the end.

  • For the above you can assume that ā€˜a’, ā€˜e’, ā€˜i’, ā€˜o’, and ā€˜u’ are vowels, and any other letter is a consonant. This does mean that ā€˜y’ is considered a consonant even in situations where it really shouldn’t be.

For this exercise, you can assume the following:

  • There will be no punctuation.

  • All letters will be lowercase

  • Every word will have at least one vowel (so we won’t give you a word like ā€œbyā€)

Write a helper function that finds the index of the first vowel in a given word, and use that in your main function.

Hints:

  • To find the index of the first vowel in a given word, since you’re interested in the indexes, looping through the indexes of the string using range, or enumerate, or a while loop may work better than a direct for loop on the characters.

  • Use slicing to break up the string into all of the letters before the vowel, and all of the letters from the vowel onwards.

Examples:

>>> igpay('can')

'ancay'

>>> igpay('answer')

'answerway'

>>> igpay('prepare')

'eparepray'

>>> igpay('synthesis')

'esissynthay'

In: Computer Science

Describe one instance where a word was used that has different meanings in different contexts.  It...

Describe one instance where a word was used that has different meanings in different contexts.  It may be a word that causes confusion, offends people, or is just misunderstood. These types of works are usually connotative in nature. 

Please explain how the word was used within the context of the situation.  Give examples of how this word might mean different things to different people.  

In: Operations Management

Which of the following statements is leastcorrect?a.The word ā€œincurredā€ is not defined in...

Which of the following statements is leastcorrect?


a.

The word ā€œincurredā€ is not defined in income tax legislation.


b.

The word ā€œincurredā€ for tax purposes is associated with expenses.


c.

Ordinary income is included in a taxpayer’s assessable income when it is derived.


d.

The word ā€œderivedā€ for tax purposes is associated with income.


e.

The word ā€œderivedā€ gets its meaning from income tax legislation.

In: Accounting