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Texas State - AG - 3321
Range Plant Phys., Range Ecology & Range Monitoring Lecture 5 February 25, 2008 Reading List Exam II Chapter Five Range Plant Physiology Chapter Six Range Ecology Chapter Seven Range Inventory & Monitoring Chapter Eight Considerations Concerning
Allegheny - ECON - 100
Microeconomics Class Notes 11/7/07Short-run: At least one input is fixed (Capital [K]) Long-run: Time period in which all inputs are variable o We can: Exit the industry Firm no longer have any fixed costs or resources in this industry Exiting i
Allegheny - ECON - 100
Microeconomics Class Notes 11/5/07II. ProfitsA. Profit = TR TC Profit = (p * q) (ATC * q) Profit = q * (P ATC) B. Positive Profit P > ATC C. Negative Profits or Loss P < ATC D. Breakeven ; Profit = 0 Price = ATC Not a bad thing Includes our O
Allegheny - ECON - 100
Microeconomics Class Notes 11/2/07CHAPTER #8 I. Average Costs A. Cost Review a. Profit = TR TC b. TC = FC + VC c. MC = (the change in total cost) / (the change in Q) B. Average Total Cost (ATC) a. Cost per unit of output b. ATC = (TC / Q) i. Diff
Allegheny - ECON - 100
Microeconomics Class Notes 10/19/07D. Isocosts All combinations of K and L on the isocost have the same cost to the firm 1. T.C = (r * K) + (w * L) r Interest Rate (Product of Capital ) K Quantity of Capital w Product of Labor L Quantity of L
Allegheny - ECON - 100
Microeconomics Class Notes 10/17/07CHAPTER 6: Firm Behavior (Continued) III. Producer Surplus Producer Surplus (P.S) = (Price) (Marginal Cost) for all unites o Price is the benefit from the individual unit o Marginal cost is the cost of the indiv
Allegheny - ECON - 100
Microeconomics Class Notes 10/12/071. 2. Profit Max Rule Producer SurplusG. Profit Max Rule * A firm will produce as long as the gain > cost for that additional unit (Margin) 1. The gain of an additional unit = (increase in revenue from that 1 u
Allegheny - ECON - 100
Microeconomics Class Notes 10/10/07Total Costs 1.) Explicit costs +implicit costs a. Implicit costs (Consist of Opportunity Costs) b. When we talk about Total Costs 2.) Total Cost is also calculated as T.C = Fixed Costs + Variable Costs Fixed cost
Allegheny - ECON - 100
Microeconomics - Class Notes 10/1/07C. Consumer Surplus * Consumer Surplus = Marginal Benefit (WTP) Price 1. Individual Calculation (Price = $3) Quantity 1 2 3 4 Marginal Benefit 10 (10-3) 7 5 2 Consumer Surplus 7 4 2 Would not purchase (X)Total
Allegheny - ECON - 100
Microeconomics Chapter 8 Outline 10/31/07CHAPTER #8 - Costs and the Changes at Firms over Time Total costs The sum of variable costs and fixed costs Fixed costs Costs of production that do not depend on the quantity of production. Variable costs
Allegheny - ECON - 100
Microeconomics Class Notes 9/28/07ANNOUNCEMENTS #1.) The answer was "D" on the homework due today (9/28/07 Chapter 4: Elasticity) If you entered (4/5), ask her The homework is worth 3 less, so its out of 11 instead of 14 PRINT THE RIGHT ANSWERS
Allegheny - ECON - 100
Microeconomics Chapter #7 Outline 10/24/07THE INTERACTION OF PEOPLE IN MARKETSInvisible hand The idea that the free interaction of people in a market economy leads to a desirable social outcome; the term was coined by Adam Smith. Competitive equ
Allegheny - ECON - 100
Microeconomics Chapter 5 Outline 9/26/07Consumer Surplus What we would call a "good deal" In this Chapter, we examine why the demand curve is the way it is. The main assumption of the model is that people make purposeful choices with limited reso
Allegheny - ECON - 100
Microeconomics Ch. 3 (Supply and Equilibrium) 9/8/07Whereas demand refers to the behavior of consumers, supply refers to the behavior of firms. Supply is a relationship between two variables: (1) the price of a particular good and (2) the quantity
Allegheny - ECON - 100
Microeconomics Ch. 3 (Interference w/ Market Prices) 9/8/07Price controls A government law or regulation that sets or limits the price to be charge for a particular good. PRICE CEILINGS AND PRICE FLOORS Controls can stipulate a price ceiling, or
Allegheny - ECON - 100
Microeconomics Chapter #9 Outline 11/9/07CHAPTER #9 The Rise and Fall of Industries MARKETS AND INDUSTRIES An industry is a group of firms producing a similar product o "Market" can also refer to a group of firms producing a similar product or,
Allegheny - ECON - 100
Macroeconomics Chapter 12 Outline 10/3/07PRODUCTION AND GROWTH Growth rate of GDP = [ [GDP(Y2) - GDP(Y1)] / GDP(Y1) ] 100 If you are determining how long it will take to double, triple, etc., then use this: o Assume Y1 = 100 (or whatever you want
Allegheny - ECON - 100
Microeconomics Class Notes 9/5/07 Economic Interactions - Individuals/firms trade goods and services with each other - Opportunity for greater product through specializationJIM (Production) Pens Paper TOM (Production) Pens Paper A 0 10 B 2 5 C 4
Allegheny - ECON - 100
Microeconomics Class Notes 9/7/07Demand homework won't be due until Wednesday Read "Supply" for Monday (section from Chapter 3) CH. 3 THE PRODUCT MARKET I. Demand (you as a consumer) a. A relationship between price and quantity demanded , ateuis
Allegheny - ECON - 100
Microeconomics Class Notes 9/10/07Part B. If there is a decrease in Demand, o Quantity Demanded is lower for each price o Does not affect price (the quantity demanded is lower, but this does NOT affect the price C. Causes of changes in Demand o 1.
Allegheny - ECON - 100
Microeconomics Class Notes 9/17/07A change in supply to the left when a tax is administered: the vertical distance between the two curves is exact amount of the tax. a. Price Ceiling o An effective price ceiling is set below equilibrium This resu
Allegheny - ECON - 100
Microeconomics Class Notes 9/12/07IV. Supply B. Decrease in Supply - Firms wish to sell fewer units at each price - Results in a shift to the left C. Causes of Changes in Supply 1. Changes in Technology used in Production - Lower cost of productio
Allegheny - ECON - 100
Microeconomics Class Notes 9/14/07A. Change in Demand a. Increased in Demand i. Increase in Price, ii. increase in Quantity b. Decrease in Demand i. Decrease in Price ii. Decrease in Quantity B. Change in Supply a. Increase in Supply i. Decrease i
Allegheny - ECON - 100
Microeconomics Class Notes 9/21/07EDUSPACE DOES NOT UNDERSTAND FRACTIONS CHAPTER 4 ELASTICITY HUGELY IMPORTANT o How responsive one variable is to another o Elasticity The sensitivity of one variable to change in another o 2 TYPES OF ELASTICITY
Allegheny - ECON - 100
Microeconomics Class Notes - 9/26/07Inelastic demand Consumers pay more because they are still going to purchase the good in question, regardless of the small change in price.II. Price Elasticity of Supply - Response of Quantity Supplied to chan
Allegheny - ECON - 100
Microeconomics Class Notes 10/5/07LOOKUP PRACTICE PROBLEMS FOR THIS SECTION TO MAKE SURE YOU UNDERSTAND! B. Indifference Curves * (I.C) Represent all consumption bundles that yield the same level of utility ExampleBundle A B C DQ(y) 7 3 1 7
Allegheny - ECON - 100
Microeconomics Class Notes 10/29/07E. Efficient Market Outcome will maximize Total Surplus (T.S = C.S + P.S) 1. At Equilibrium The market is efficient a. Any other outcome besides Q(0) will yield less surplus to society PROVING WHY CERTAIN POINTS
Allegheny - ECON - 100
Microeconomics Class Notes 10/31/07C. Price controls and Dead Weight Loss Interference of setting an alternate price away from equilibrium causes the market quantity to be different from the equilibrium quantity 1. Price Ceiling [P < P(0) ]
Allegheny - ECON - 100
Microeconomics Class Notes 11/9/07CHAPTER 9 LECTURE #1 Competitive Markets I. Characteristics of Perfect Competition Each individual firm cannot affect the market outcome A. Many firms B. Identical Products All of these firms produce perfectly id
Allegheny - ECON - 100
Microeconomics Class Notes 11/16/07CHAPTER #10 MONOPOLY I. Characteristics of Monopoly A. One firm B. Unique Product 1. Price makers 2. The fact that monopolies can set their own price Market Power A firm's power to set its own price without lo
Allegheny - BIO - 220
BIOLOGY 220 RECETATION LECTURE 12/11/07 1.) Carrying around a baby energy intensive the way these animals a. Better to lay an egg because: i. Larger clutches ii. More children 2.) No secondary sex characteristics no negative feedback a. What is
Allegheny - ECON - 101
Macroeconomics Class Notes 11/7/07CHAPTER 20: AGGREGATE DEMAND and SUPPLYFactors the shift AD Curve (LEFT) Consumers become pessimistic Businesses become pessimistic Foreigners revolt against U.S goods Congress decreases government purchases The
Allegheny - ECON - 101
Macroeconomics Class Notes 10/31/07CHAPTER 17 Inflation: Its Causes and Costs Inflation: Causes & Costs CPI Inflation: Increase in price level Increases in average prices, not just a few goodsInflation: Historical Aspects Deflation occurred 18
Allegheny - ECON - 101
Macroeconomics Class Notes 10/29/07Three Chief Fed Functions Regulate Private banking Banker's bank "lender of last resort" Monetary Policy Fed Tools Open-market Operations: Chief Fed tool Increase money supply, Fed buys government bonds (increas
Allegheny - ECON - 101
Macroeconomics 10/24/07 Class NotesPUBLIC POLICY AND JOB SEARCH Government-run employment agencies: o Info o Job banks Public training programs o Ease workers from declining industries o Help disadvantaged Unemployment insurance o State run progra
Allegheny - ECON - 101
Macroeconomics Class Notes 10/22/07Why unemployment? In ideal labor market, would be at equilibrium Four reasons ideal missed: o Minimum-wage laws $.25/hr was the original minimum wage in 1936 o Unions o Efficiency wages o Job search Minimum-Wage
Allegheny - ECON - 101
Macroeconomics Class Notes 10/19/07CHAPTER 15: THE NATURAL RATE OF UNEMPLOYMENT 5-6% average unemployment Natural rate of unemployment is about at least 4% in a normally functioning economy. UNEMPLOYMENT DEFINED Unemployment: o "Lowers living stan
Allegheny - ECON - 101
Macroeconomics Class Notes - 11/9/07SOURCES OF RECESSION Two reasons for recession: o A.D falls (shifts left) C, I, G, or NX falls Usually it is A.D that falls, specifically, Investment goods (accounts for [1/7] GDP, but also [2/3] of drop in GDP
Allegheny - ECON - 101
Macroeconomics Class Notes 11/12/07Milton Freeman Robert Solow and Paul Samuelson (followers of Keynes)Fed's Policy Tools to Increase Money Supply (SUPER IMPORTANT FOR NEXT EXAM!)Fed Buys Government securities (Open Market Operations) Fed lower
Allegheny - ECON - 101
Macroeconomics Class Notes 11/26/07GRAPHICAL APPROACH TO PHILLIPS CURVE Step C Inflationary expectations rise workers demand higher wages (wage increases)GRAPHICAL APPROACH TO PHILLIPS CURVE When Fed pushes the economy beyond potential short-r
Allegheny - PSYCH - 105
Psychology Class Notes 9/19/07Characteristics of Ambivalent Attachment: As Children: May be ware of strangers Become greatly distressed when the parent leaves Do not appear to be comforted by the return of the parent. As Adults: Reluctant to becom
Baylor - BIO - 3422
H. Phys Final Review Test 4: 1. Enzymes release can be triggered by -neural signals -sight, smell, or even thought of food -hormonal growth 2. the digestion of proteins begins in the stomach with the activation of the zymogen pepsinogen 3. Secretion
Dallas Baptist - ACCT - 2302
accounting chapter 18Chapter 18 Cost-Volume-Profit Analysis QS 18-6 o 90-36=54 contribuion margin o fixed costs $162,000 o make 3000 units to break even Contribution/Sale price= Contribution ratio 162,000/60%= 270000 high low3/18/2008 12:07:00 PM
Dallas Baptist - ACCT - 2302
Chapter 20 BudgetsP.829 QS 20-5June June Sales Cash (60%) 420,000 Credit (40%) 168,000 $33,600 $117,600 $16,800 $252,000 July August4/1/2008 11:34:00 AMSeptemberJuly Sales 398,000 Cash 60% $0 $238,800Credit (40%) 159,200$31,840$111,440
Dallas Baptist - MANA - 3308
100% (25 out of 25 correct)CORRECT1.Contracts are:X A. Legally enforceable promises. O B. Always required to be written. O C. Not legally enforceable. O D. Identical to agreements.CORRECT2.Which of the following is not required for a co
ASU - PHY - 361
HW5 Problem #4: An experimenter finds that no photoelectrons are emitted from a particular metal unless the wavelength of light is less than 265 nm. Her experiment will require photoelectrons of maximum kinetic energy 1.9 eV. What frequency light sho
ASU - PHY - 361
SOLUTIONS-Problems Exam3-Spring 2008 1. Suppose that a particle in the one-dimensional infinite well obeyed a rule that the quantum number n could change by only one unit as the particle make transitions among the excited states. Show that the photon
ASU - PHY - 361
Review Problems EXAM#2 (Chapters 3-5) PHY-361 Spring 20071. A 0.200-pm photon scatters from a free electron that is initially at rest. For what photon scattering angle will be the kinetic energy of the recoiling electron equal the energy of the scat
Dallas Baptist - MANA - 3308
100% (25 out of 25 correct)CORRECT1.Contracts are:X A. Legally enforceable promises. O B. Always required to be written. O C. Not legally enforceable. O D. Identical to agreements.CORRECT2.Which of the following is not required for a co
Dallas Baptist - MANA - 3308
100% (25 out of 25 correct)CORRECT Grand juries:1.O A. Determine the guilt or innocence of the accused. O B. Deal with misdemeanors. X C. Determine if there is sufficient evidence to warrant a trial. O D. All of the above.CORRECT2.The cla
Dallas Baptist - MANA - 3308
100% (25 out of 25 correct)CORRECT Grand juries:1.O A. Determine the guilt or innocence of the accused. O B. Deal with misdemeanors. X C. Determine if there is sufficient evidence to warrant a trial. O D. All of the above.CORRECT2.The cla
Dallas Baptist - MANA - 3308
1.The function of the Consumer Product Safety Commission is to: A. Conduct union certification elections and hold hearings on unfair labor practices. B. Regulate civil aviation. C. Prohibit distribution of unsafe food and drugs. D. Protect the public
Dallas Baptist - MANA - 3308
100% (25 out of 25 correct)CORRECT A tort is:1.X A. A civil, non-contractual wrong. O B. Any civil wrong. O C. Only civil wrongs involving goods. O D. A criminal wrong.CORRECT2.Deliberate actions that cause injury are _ torts.O A. Negli
Dallas Baptist - MANA - 3308
12Administrative Law & Corporate GovernanceAdministrative Agencies(Administrative Law) Create/Enforce Majority Of Business Laws Agencies Provide: Specificity Expertise (reason for creation) Protection Regulation Services Federal Trade C
Dallas Baptist - MANA - 3308
3The Court System Manager Needs Understanding As Party As WitnessWhy Study Law And Court System? Managers Involved In Court Cases Judges/Magistrates/Justices Determine Rules Of Law For Case Finds Facts Jury- Decides Questions Of Fact Tr
Dallas Baptist - MANA - 3308
7Principles Of Contract LawContract May Not Need To Be In Writing- if it is, however, the Parol Promise To Perform Or Not Perform Legally Enforceable Evidence Rule prevents the introduction of oral evidence to change the written terms. Im
Dallas Baptist - MANA - 3308
10Intellectual Property in The Property SystemProperty Legal Right To Resource Possessed or Acquired Legally Exclusivity - Ownership Possess/Use Sell/Donate donor intends to give and delivers to donee Use As Collateral creates Capital
Dallas Baptist - MANA - 3308
14Sarbanes-Oxley and Securities Regulations U.S. Financial Markets Securities Regulation Began Due To GreatIntroductionDepression Of 1930's Designed To Give Potential Investors Factual Information To Make Informed Decision Federal & State Law