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Economics for life | Economics homework help

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ECO110HA: Economics for Life

Midterm Exam

In this module you will complete the Midterm Exam. This exam covers materials from the first half of the course. For this exam, you will download the exam word document from the course menu. The questions should be written succinctly, using the proper terminology, while showing and explaining all work.

Submit the Midterm Exam to the Dropbox  (This Dropbox basket is linked to Turnitin.)

1. You have made the decision to pursue higher education. Describe the economist’s view of how a decision like that is made. Using marginal analysis, make sure you evaluate the “rationality” of the decision and explain why the following statement is irrational: “Higher education is priceless, so everyone should pursue a degree no matter the cost.”

2. Recall your readings about Shaq moving furniture and playing basketball. Use both absolute and comparative advantage to explain the following: Suppose you have one partner for a school project requiring both math and writing skills. If you are better than your partner at both math and writing, does this mean you should be responsible for both parts? Use comparative and absolute advantage to explain. 

3. The Econville News reports the invention of a machine that allows cows to milk themselves. Provide a brief written description/explanation of the effect of this news on the equilibrium price and quantity of milk.

4. The Econville News reports that drinking at least 8 ounces of milk a day increases bone density 10% over a life time. Provide a brief written description/explanation of the effect of this news on the equilibrium price and quantity of milk.

5. Consider a time in your life when you have benefited from an externality and a time when you have suffered from an externality. Make sure to clearly describe your role and the type of externality. What is your opinion about the role of government in each of these situations?

ALL WORK MUST BE  PLAGIARISM FREE. IT WILL BE RAN THROUGH TURNITIN.

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 III. Project Execution A. Determine the best implementation approach—agile or waterfall project—for the organization based on its organizational structure. Provide examples to support your rationale. B. Explain how the project schedule can be resource leveled, fast-tracked, or crashed if needed based upon execution results. C. Propose communication approaches and the frequency that should be used to keep leadership apprised of the project execution. Include examples to support your claims. IV. Project Control A. Describe how you will handle changes in scope to your project management plan. What change management process will be used? What key information will be required for change requests? B. Describe the risk management process that is the best fit for effective project control over your plan. C. Explain how you will document issues and what process will be used to manage the issue to completion. Include examples to support your claims. V. Project Closeout A. Identify what needs to be done to close your project management plan. Include examples supporting how you will minimize the chances of overlooking a step in the project process. B. Justify the need for a warranty period and how the project will transition to business C. Complete a lessons-learned template for the case study project.

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July 1, 2023
    

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

 

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

 III. Project Execution A. Determine the best implementation approach—agile or waterfall project—for the organization based on its organizational structure. Provide examples to support your rationale. B. Explain how the project schedule can be resource leveled, fast-tracked, or crashed if needed based upon execution results. C. Propose communication approaches and the frequency that should be used to keep leadership apprised of the project execution. Include examples to support your claims. IV. Project Control A. Describe how you will handle changes in scope to your project management plan. What change management process will be used? What key information will be required for change requests? B. Describe the risk management process that is the best fit for effective project control over your plan. C. Explain how you will document issues and what process will be used to manage the issue to completion. Include examples to support your claims. V. Project Closeout A. Identify what needs to be done to close your project management plan. Include examples supporting how you will minimize the chances of overlooking a step in the project process. B. Justify the need for a warranty period and how the project will transition to business C. Complete a lessons-learned template for the case study project.

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July 1, 2023
    

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

 

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

READ ALL ATTACHMENTS!!!!!!!!!!!!!!!!!!!!!!!!

 III. Project Execution A. Determine the best implementation approach—agile or waterfall project—for the organization based on its organizational structure. Provide examples to support your rationale. B. Explain how the project schedule can be resource leveled, fast-tracked, or crashed if needed based upon execution results. C. Propose communication approaches and the frequency that should be used to keep leadership apprised of the project execution. Include examples to support your claims. IV. Project Control A. Describe how you will handle changes in scope to your project management plan. What change management process will be used? What key information will be required for change requests? B. Describe the risk management process that is the best fit for effective project control over your plan. C. Explain how you will document issues and what process will be used to manage the issue to completion. Include examples to support your claims. V. Project Closeout A. Identify what needs to be done to close your project management plan. Include examples supporting how you will minimize the chances of overlooking a step in the project process. B. Justify the need for a warranty period and how the project will transition to business C. Complete a lessons-learned template for the case study project.

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