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Identify the determinants of the price elasticity of demand. Explain each one. Determine whether each of the following items is elastic or inelastic: bottled water, gourmet coffee, Apple cell phones, and gasoline

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Read Chapter 4 to answer the questions below. Identify the determinants of the price elasticity of demand. Explain each one. Determine whether each of the following items is elastic or inelastic: bottled water, gourmet coffee, Apple cell phones, and gasoline. Explain your reasoning. Distinguish between a necessity and a luxury. How are the price elasticity of demand and total revenue related? Why is the price elasticity of demand important to pricing? Your initial post should be a minimum of 280 words. But, for the discussion questions, I require that you include the section number where you found your answers. For example: (Amacher & Pate, 2019, section 2.3). Please be thorough when answering each question.

Describe some differences between a positive externality and a negative externality. Provide one example of a positive externality and a negative externality, respectively. Explain your reasoning.

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Read Chapters 6 & 7 to answer the following questions. Remeber to answer the questions thoroughly. Externalities are costs or benefits associated with consumption or production that are not incurred by the consumer or producer and are therefore not reflected in market prices. The cost or benefit of an externality remains external when falling to parties other than the buyer or seller.
Respond to the following:
Describe some differences between a positive externality and a negative externality.
Provide one example of a positive externality and a negative externality, respectively. Explain your reasoning.
How could you solve your examples of externalities to attain market efficiency?
Does the government need to intervene with externalities to effect market efficiency?

How important is technology in visualizing abstract concepts? Why and how does visualization make learning a mathematics concept more interesting?

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Visualization is very useful in helping students understand abstract concepts. Functions are abstract but lend themselves to practical application. Use the questions to guide an original response.

When did you have to visualize an abstract concept? What path did you take, and what were the results?

How important is technology in visualizing abstract concepts? Why and how does visualization make learning a mathematics concept more interesting?

Discuss software programs or packages you use to demonstrate difficult mathematical concepts. Describe one example of the software, and provide a link for your classmates.

Despite the abstract nature of cubic functions, they have practical applications. Provide and describe one application.

Evaluate or review a “classic” album. Demonstrate a clear understanding of the world into which the album was released and the impact it had on music of the time

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Evaluate or review a “classic” album, though for these purposes we’ll consider anything from 2010 or earlier to be “classic.”

As far as models go, I recommend spending a lot of time reading Pitchfork’s Sunday Review series, where they go back to review classic albums otherwise not in their catalog (search Pitchfork Sunday Review for the homepage, or see our Forum 2 for the link). You’ll find a wide range of approaches and styles, but your goal is to create something that could reasonably fit within this series.

In your review, be sure to do the things that successful reviews do (we will discuss this in the discussion forums). Consider the music within the artist’s discography; how the music relates to various genres and sub-genres; the various contexts into which the music was released; the lyrics; the instrumentation; the production; and anything related to the particular form (song, songs, album, video, concert) of the work you’re analyzing.

Because this is a review of a classic album, be sure to demonstrate a clear understanding of the world into which the album was released and the impact it had on music of the time. Do secondary research to provide you with information but also to understand the critical consensus about and commercial response to the album. Cite that research appropriately, though a particular number of sources is not required for this project.

Readers believe review-writers not because they agree with their opinions on the album – we believe them because their opinions are grounded in insights and analysis that go beyond surface-level liking or disliking.

As with any piece of web writing, in addition to doing the things listed in the paragraph above, it must be entertaining and insightful.

 

Identify the ethical dilemma faced for each one when considering termination. Under which paradigm would you most likely be operating under if you terminated Sue? Or Bob? Or Ed?

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Several examples of laws resulting in changes in business and in society’s ethical norms. Provide three examples and explain how each has changed societal ethics norms.

In class we discussed the narrative from Week 1 where as a manager you are required to reduce staff immediately by one. 

  • Bob– New Hire – Promises made when hired that he would be training as your backup. After six months his performance is considered average, but he has potential.
  • Sue– Seniority – She has been with the company ten years. Her performance is consistent (plateaued), but average. She is also a single parent.
  • Ed– Has been with the company for three years and is your top performer (twice the productivity of Bob or Sue. However, the rumor going around the office is that Ed has just received a large inheritance from a rich uncle.

 

  1. Identify the ethical dilemma faced for each one when considering termination.
  2. Under which paradigm would you most likely be operating under if you terminated Sue? Or Bob? Or Ed?

Select any case from your textbook and conduct the RESOLVEDD method of decision making. Include several alternative actions and justify the action that you selected. Include the ethical paradigm that you used to solve the ethical dilemma.

 

Technology supports communication, but it is also changing the way we communicate.How do you network virtually? Describe several of your online interaction and examples of relationship building.

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Technology and the tools it provides are changing the way we connect and interact with each other both personally and professionally. In a paper, you will reflect on how technology is transforming collaboration, communities, and connections.

Technology supports communication, but it is also changing the way we communicate. In this 3- to 5-page reflective writing assignment (not including the title and references pages), respond to the following:

  • How do you network virtually?
  • Describe several of your online interaction and examples of relationship building.
  • What pros and cons have you encountered while connecting and interacting virtually?
  • What has virtual communication revealed about your personality and learning preferences?

Explain how you feel about networking online and the building of PLNs? From your perspective, what are the benefits and challenges? What concerns you most about privacy and security?

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Using technology to network is a way to build connections in online personal learning communities or PLNs.
• In an original post, explain how you feel about networking online and the building of PLNs?
• From your perspective, what are the benefits and challenges?
• What concerns you most about privacy and security?
Comment on the posts of at least two peers. APA citations are required only in the original response.

Housing is a social issue/social problem that is prevalent in today’s society specially in low income communities. Discuss the origins and impacts of housing as a basic human right .

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Housing is a social issue/social problem that is prevalent in today’s society specially in low income communities. Discuss the origins and impacts of housing as a basic human right . Develop a response to this problem with the assumption that you have the resources and power to promote change.

Estimate the number of days it takes an automobile dealer to sell a Chevrolet Aveo. Sample of 50 cars had a mean time on the dealer’s lot of 54 days. Assume the population standard deviation to be 6.0 days.

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A researcher wishes to estimate the number of days it takes an automobile dealer to sell a Chevrolet Aveo. Sample of 50 cars had a mean time on the dealer’s lot of 54 days. Assume the population standard deviation to be 6.0 days.

Show all steps for each part below.

a) Find the best point estimate of the population mean.

b) Find the 95% confidence interval of the population mean.

Describe the relationship between total utility and marginal utility. Explain if marginal utility can be negative. Examine the diamond-water paradox. Why are diamonds more expensive than water?

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Prior to beginning work on this discussion, read Farah Mohammed’s article, Why Are Diamonds More Expensive Than Water?, as well as Chapter 5 in your textbook, especially Sections 5.1 and 5.3, and respond to the following:
Describe the relationship between total utility and marginal utility.
Explain if marginal utility can be negative.
Examine the diamond-water paradox. Why are diamonds more expensive than water?
Evaluate the law of diminishing marginal utility.
Identify some items, explaining your reasoning, that do not follow the law of diminishing marginal utility.
Evaluate how the law of diminishing marginal utility can explain the diamond-water paradox.