Monday, February 24, 2020

Working With Numbers and Formulas Speech or Presentation

Working With Numbers and Formulas - Speech or Presentation Example Use Okun’s law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion in that year, how much output is being forgone because of cyclical unemployment? Study Question 2 key Questionraph the accompanying demand data, and then use the midpoint formula for Ed to determine price elasticity of demand for each of the four possible $1 price changes. What can you conclude about the relationship between the slope of a curve and its elasticity? Explain in a non-technical way why demand is elastic in the northwest segment of the demand curve and inelastic in the southeast segment. The reason why demand is elastic in the northwest segment of the demand curve and inelastic in the southeast segment, is that it matters more to the consumer when the ticket is too expensive than it does when it is too cheap. Study question 7: Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23 b. Graph AFC, AVC, ATC, and MC. Explain the derivation and shape of each of these four curves and their relationships to one another. Specifically, explain in non-technical terms why the MC curve intersects both the AVC and the ATC curves at their minimum points. c. Explain how the location of each curve graphed in question 7b would be altered if (1) total fixed cost had been $100 rather than $60 and (2) total variable cost had been $10 less at each level of output. Question 5: The following table gives information from a sample of college students: gender; number of children in family of origin; and number of children in their ideal family, in which they may someday be a parent. a. Sketch a scatterplot of the data collected from the students and discuss any trends. (Use the same scale on both axes.) Which

Saturday, February 8, 2020

Benefits and Contributions of ICT to Educational Sector Essay

Benefits and Contributions of ICT to Educational Sector - Essay Example Wisdom (2002) states that students have been equipped with the necessary ICT education which they will need in their future careers and education. They are able gain several computer based learning approaches as well as computer aided learning as well as research and development. This has made students to have the ability to make better decisions regarding their future education and careers due to better information and is now in a position to take part in global resource-sharing. Through the internet, students can now access information about higher education in oversees universities that offer the best education. These universities have posited their information related to all courses they offer and their costs thus the aspiring students can easily get wide selection of courses as their passion and capability. They can still use the internet for distance learning which cuts down education expenses (Preston & Hammond, 2004). ICT has also enabled the teachers to advance their level of education through e-leaning. Through the internet services the teachers are able to access education in universities and colleges by accessing learning materials and exams in the internet. They therefore advance their skills and knowledge while still carrying the normal teaching duties.