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Reflect on Do Apps Help You or Just Waste Your Time? and explain how you applied or did not apply critical thinking to solve the problem that you faced.
Grading criteria (150 word)
1. What was the problem?
2. Why was it a problem?
3. What information did you have or need to collect? Here you may identify where you may have failed to use relevant information.
4. How did you evaluate the evidence? If you did not effectively evaluate the evidence what do you learn from reflecting on this aspect?
5. Did you choose and implement the best alternative? If not, why not and what do you think was the reason that you did not choose the best alternative?
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 90 - 0.25P, and the marginal cost of production is $120. Determine the optimal number of units to put in..
In the final round of a tv game show, contestants have a chance to increase their current winnings of $1 million to $2 million. if they are wrong, their prize money is decreased to $500,000. A contestant thinks his guess will be right 50% of the time..
You know that when expanding and investing in projects overseas as Acme plans to, it is essential to understand such things as return on equity (ROE)and internal rate of return (IRR). Using Internet sources (you may want to start with the Web sites l..
The Cobb-Douglas production function is given by: Y = AK^(α)L^(1−α) where 0
Illustrate what happens to output and the optimal scale of a firm, and price if there is a free entry into the market.
Tandem Industries purchased a patent on January 1, 2014, for $2,000,000. The patent's legal life is 20 years but the company estimates that the patent's useful life will only be 5 years from the date of acquisition. Seminole Partners purchased a fran..
What strategies should Walmart follow to succeed in a market like Africa with its low income level and high poverty incidence? Do you think its low-cost model will be successful in Africa?
During spring break, students have an elasticity of demand for a trip to Florida of -3. How much should an airline charge students for a ticket if the price it charges the general public is $300?
What industries do you regard as being highly competitive? Can you identify any barriers to entry in those industries? What is a "Natural Monopoly"? What industry or firm do you regard as a "Natural Monopoly"?
Calculate the expected value of an investment that has the following payoff frequency: a quarter of the time it will pay $2,000, half of the time it will pay $1,000 and the remaining time it will pay $0.
Jerry wants to start his own business with $20, 000 in his bank account. Given that the market borrowing and lending rate is 10%, and his expected production function is y2 = 220 * (sqrt of Initial Investment) What is the optimal amount Jerry should ..
What would be the resulting effect on equilibrium price level? Explain. What will be the effect of the different tools of fiscal policy to stabilize the economy?
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