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Assignment: Create an entity relationship diagram for each of the following:
Question 1: A person is described by first name, last name and a unique personnel number. Customers are persons for whom a customer number and an acquisition date are also given. The latter states since when the person has been a customer. Employees are people for whom a contract number and a contract period should also be saved.Question 2: Information about customers and vehicles is stored in the reservation system of a vehicle rental company. A unique license plate number and a vehicle type are specified for a vehicle. Customers are described by a unique customer number, first name and last name. Customers reserve vehicles in the office. A vehicle can be reserved by different customers with different reservation dates. There may also be vehicles without reservations. A customer must have reserved at least one vehicle. A reservation date should be specified for each reservation.Question 3: A member is described by their first name, last name and a unique membership number. A member can have a membership card, each membership card must be assigned to exactly one member. A unique ID number, a start and end date of validity and a club function of the member are specified for a membership card.Question 4: Students are described by a first name, last name and date of birth. Students may have siblings who are also students. Create an ERD. What options are there for meaningfully defining the primary key for the student entity?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Questions: : Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice.
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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