Unit One: Text Questions
1. Why is philosophy sometimes defined as thinking about thinking?
Philosophy isnt always theories and facts, its about thinking.
2. What is metaphysics? What is an example of a metaphysical question?
Unit Seven: Text Questions
1. What is unlimited liability?
Unlimited liability is when debtors can take anything such as the owners house,
car, etc. This can be a really bad thing because it is important to keep your
Unit Four: Text Questions
1. What questions did Hellenistic philosophers try to answer?
The Hellenistic philosophers tried to answer two basic questions: What is human happiness?
How can humans be happy?
2. List the main views
Unit Two: Text Questions
1. What is the role of the franchiser when a franchise is purchased?
The role of the franchiser would be to pay a fee up front to start the business,
then the franchise might charge an annual fee to mai
Unit Five: Lab Questions
The Ascent of Money: Planet Finance
1. What did the mural in Detroit illustrate? Why was the mural created?
The mural illustrated that Detroits economy is a site of cooperation not a class conflict. It was
Unit Eight: Text Questions
1. What is logistics?
Logistics mentions to the management of the physical flow of products from the point of origin
of the raw materials to end users as finished products
2. How do agents, wholesaler
Unit Five: Text Questions
1. How did common law develop?
Common Law has been around since there was a feudal system. In medieval times feudal lords
were the top rulers of citizens who lived on their lands they have captured.
The Ascent of Money
Lab Questions international-business
1. What is money?
Money is something you exchange, which in return you obtain goods or services, the money
must be valuable in both eyes.
2. How did religious views influence money-lendin
Unit Three: Text Questions
1. Why was the classical period a golden age for Athens?
The city became very wealthy and attracted many talented people from all over Greece. It was
the center of Greek architecture, arts, literature
Unit Two: Text Questions
1. Why has myth been called the cradle of philosophy?
Myth was called the cradle of philosophy because the Greeks use to use myths to find answers
of any kind.
2. What are some of the questions the earl
Unit Six: Lab Questions
1. Where do you see advertising in your own daily life?
I see advertising in my own daily life everywhere. We can see advertisements from watching sports on
the Internet, Newspapers, magazines, Billboards,
Page # 1
Parsing and concatenating
When you download information into EXCEL from other sources you often get the
information in awkward forms. For example Figure 1 may not suit your fancy:
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In our session we did a basic filter on the data to extract the School of Business Awards.
Remember the setup:
We then selected all the results and Copy
Finally Paste into
Utility Maximization Steps
The MRS and the Cobb-Douglas
Consider a two-good world, x and y. Our consumer, Skippy, wishes to maximize utility, denoted U (x, y).
Her problem is then to Maximize:
U = U (x, y)
subject to the constraint
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Basic Techniques for Large Spreadsheets
Note for BUSA3700 students we will come back to these ideas again later in the Term
when we do the Filters and Pivot Tables
When we begin lea
Short Run Production and Costs
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
1) Suppose a firm is producing 100 units of output, incurring a total cost of $10 0
CV and EV
Measuring Welfare Eects of an Economic Change
Welfare and Economic Change
Welfare is, in simple terms, the level of well-being of a group. It is sometimes thought of as the aggregate
of utility (individual wel
1. True/ False
1.A profit maximizing monopolist facing no entry threat will operate on the elastic
portion of the market demand curve.
2. If an unregulated monopolist- who is producing at the profit maximizing output- is
making zero economic p
MPP 801 Tutorial
October 16, 2006
Uncertainty and expected value
Suppose there are two states of nature (good day, bad day) and that a person wealth W , depends on which
state. The probability of each state is given by
Excel Tutorial Growth Rates, Logarithms, and Elasticity
Open the file growthdata.xls
Go to the tab Pop Growth
Hi-lite the two columns: Year, Population
(Drag mouse from C9 to D30)
Click on Chart Wizard and select XY (Scatter)
The Theory of Perfect Competition
1. True/ False Questions.
1. Since long-run economic profits for a competitive firm are always zero, it will
never pay acompetitive firm to adopt a cost reducing innovation.
2. If a lump sum tax is placed on firms in a co