Project Implementation Plan Essay Example for Free

Project Implementation Plan Essay In a project the communication level is a very important part from the beginning to the end of project close out and completion stage. This method in the plan is extremely necessary and it is a needed tool that helps assist the project team, the stakeholders, and the executive team of Enterprise. This tool is effective and it makes sure all members involved with the project is on the same level of understanding, it makes sure all involved stays updated on the project, knows what is going on in the project, and it helps keep the project information together. â€Å"One of the primary jobs of a project manager is to manage the trade-offs among time, cost, and performance† (Gray Larson, 2006, p. 103). A project manager must ensure that he keeps everybody inform about the latest development of the project; thereby gives sense of belonging to every member of the project team as well as the sponsor or customer. Within this project, the communication plan is the key element that is designed to help assist the project team, stakeholders, and the executive team aware of any progress, and to help keep up with the status of the progress in the process. The plan of communication design help keep all members of the project aware of the progress and the status of the project, it helps everyone stay informed and connected in the project, and it gives information regarding any matters of urgency that are crucial within the project progress. The purpose of this  communication plan is to make sure all key aspects and elements of the communication strategy are documented and implemented successfully in the project. The strategies implemented include: frequency, method of delivery, recipients, and owner. The frequency in this communication plan entails scheduled meetings and how often they are being scheduled, it explains the project progress and all important information needed to help assist with the project deliverables which helps keep all the members aware of everything needed to meet the objectives of the project while keeping everyone on the same level of understanding. The team will have meeting on the status and progress of the project deliverables scheduled throughout the project as needed. Method of delivery is the avenue in which the reports or minutes of all the meetings will be disseminating to all the participants. The method adopts for the purpose of this project is through email, in person, and paper copy. The recipients in this project are project team, enterprise executive and potential stakeholders in the project outcomes. These are the people that directly are involved in carrying out activities in this project. The format is in regards to the style adopted to see the communication being effective as the project progresses. These are important elements needed to help achieve the project objectives and deliverables which keep all members connected, informed, and constantly communicating. The training, development, and overall retention and selection practices helps manage challenges (McNamara, 2011). The channel of communication for the purpose of this project will be formal in nature. No informal meeting will be allow or reckon with, all information must be well documented with proper references. Verbal and written communication is needed in as much it does oblige with the communication plan designed for this project. It is essential to the elements of the project success that all stakeholders involved have to follow the rules as contains in this communication plan because this will help track any issues as regards the scope, schedule and cost of this project. The project manager is in charge of clarifying any elements in this communication plan, and all concerns need to be addressed to the project manager. PROGRESS MEETING AGENDA Introduction Review meeting times Project progress update Contingency modification Request for information Scope performance Budget performance Project Schedule Owner items Next meeting date PROGRESS MEETING AGENDA Meeting agenda are guidelines that help modify and keep focuses of the issues to be discussed. The elements are tools that write down everything that needs to be achieved after a meeting. In the case of this project, many items have been identified and pencil down for this purpose of this meeting. They are introduction, review of last meeting minutes, project progress update, contingency modification, request for information, contractor update about scope performance, budget performance, and project schedule, also identified are owner items, and next meeting date. Introduction gives every participant in the meeting the ability to tell people who they are, what they are doing and their contribution or job function as related to the on-going project. This process brings everyone together on the same page and it helps members get to know one another and form an effective working relationship. Review last meeting minutes is an important element in this process that explains all the activ ities of previous meeting if there is any out loud so that everyone clearly hears and knows what is going on in the project. This allows all members to know what has been said, what needs to be done, and it helps to go over everything about the agenda of the day. Progress update is the most important aspect of this process. All the major stake holders furnish the house with comprehensive update of what happen to the project since last meeting. This must cover the areas of what was identified in the previous progress meeting as well which helps keep all members of the project on the same level of understanding what has happened, is happening, and will happen in the next meeting. Contingency modification is when things happen unexpectedly during the activities of the project needs to cater for. This should bring attention to the house if there is any  contingency or not, and if there is any, what is the solution put in place to address this contingency. Request for information is where information that needs immediate attention of project team is discussed. The information here could be result of specifics action that was previously talked about in the past meetings. Contractor update is when the contractor gives detail reports of the project or major portion of the project to the sponsor or customer. The parameter that the report of contractor will focus on must include project scope performance, project budget performance and project schedule. Owner items explain what the owner has observed within the project. He or she explains whether or not the project is going as scheduled? Is the project still running within the budget and are specifications being met? This is a means that the owner talks extensively about what he or she has observed and what changes he or she wants to see before the next meeting. Next meeting date is where the current meeting is adjourned and the next progress meeting date is announce to everybody. The date, the time and the venue of the meeting will be known to everybody. The next meeting helps prepare all members for the future meetings and the aspects of these meetings that are important and essential to the success of the project. PROJECT CHARTER PURPOSE The project charter defines the scope, objectives, and overall approach for the work to be completed. It is a critical element for initiating, planning, executing, controlling, and assessing the project. It should be the single point of reference on the project for project goals and objectives, scope, organization, estimates, work plan, and budget. In addition, it serves as a contract between the Project Team and the Project Sponsors, stating what will be delivered according to the budget, time constraints, risks, resources, and standards agreed upon for the project.

Survival Outcome Neonates Early Sepsis Health And Social Care Essay

Survival Outcome Neonates Early Sepsis Health And Social Care Essay A Retrospective Comparative Study on the Survival Outcome of Neoates with Early -Onset Sepsis with Sclerema Given Fresh Frozen Plasma at Davao Medical Centern Nursery-A One Year Review Objectives: To determine and compare the survival outcome of patients with early onset neonatal sepsis with sclerema given fresh frozen plasma plus standard therapy of neonatal sepsis to those who were only given standard therapy alone. Fresh Frozen plasma contains immunologic factors which is deficient in a neonate. This study would help us validate the role of FFP transfusion in a sick neonate with sclerema. Design: Cohort Study design Setting: Tertiary care hospital Participants:All neonates presenting with clinical signs of neonatal sepsis with sclerema admitteded at Davao Medical Center nursery for the year 2008. Results and Conclusion: INTRODUCTION Neonatal sepsis is a clinical syndrome of bacteremia characterized by systemic signs and symptoms of infection in the first month of life1. It has taken so many lives of newborn babies. The mortality rate continuously increases especially in the third world countries like the Philippines so that early recognition, diagnosis and treatment of infection is important because it is largely a preventable disease. Neonatal Sepsis can be divided into two main classes depending on the onset of symptoms related to sepsis- early-onset and late-onset neonatal sepsis2. Early onset is mainly due to antepartum infections vertically transmitted while late-onset is the combination of the former and nosocomial infection. The incidence of neonatal sepsis varies from one institution to another with higher rates in developing countries. In the United States , the incidence of a culture-proven sepsis is approximately 2 per 1000 livebirths and increases to 25 per 1000 livebirths in infants with birthweight less than 1500 grams3. It is considered to be a major cause of fatality during the first month of life contributing to 13-15% of all neonatal deaths with highest rates seen in premature infants and in small for gestational age infants. The mortality rate in neonatal sepsis may be as high as 50% for infants who are not treated3. A local study conducted at MCU-FDTMF Hospital nursery found the incidence of neonatal septicemia to be 9.6 %4 as compared to other studies at UP PGH which is 5.5%. At Davao Medical Center the incidence and the case fatality rate of neonatal sepsis for the year 2008 are about 5/1000 livebirths and 1.3% respectively5. Considering the nonspecificity of the early clinical signs of neonatal sepsis and the neonates relative state of immunosuppression, early diagnosis and treatment is of utmost important. The mainstay of treatment is antibiotic. Supportive management is geared towards thermoregulation to prevent hypothermia or hyperthermia, ensuring good ventilation/oxygenation to vital tissues, provision of optimal nutrition preferably with enteral feeding or TPN, prevention of hypoglycemia and electrolyte imbalance by administration of parenteral fluids and vasopressors for hypotension. Adjunctive therapy includes fresh frozen plasma transfusion, exchange transfusion, immunoglobulin therapy, granulocyte-macrophage colony stimulating factor, and granulocyte transfusion. Sclerema is the uniform hardening of the skin and subcutaneous tissues to the extent that the skin could not be pitted nor picked up or pinched into a fold6.It is considered as a sign of a potentially fatal underlying disease process like neonatal sepsis especially gram- negative sepsis. Neonatal septicemia is invariably fatal when associated with sclerema7. Its reported mortality rates range from 67-88% with death occurring hours to days after onset8. Although literature about the benefits of Fresh Frozen Plasma transfusion in septic neonates with sclerema is scarce, our experienced at SPMC nursery suggests improved outcome from neonatal sepsis with sclerema when given FFP. We do not give FFP to septic neonates without sclerema. We are doing this study to validate if indeed our perception is correct and if this practice is valid. The study will be limited to comparison of septic patients with sclerema only. This preselects the most seriously ill patients. By limiting the study to early onset neonatal sepsis, opportunistic infections from less virulent pathogens like candida and staphylococcus epidermides are likely to be excluded and infection is most likely vertically transmitted and not nosocomial. This is to limit the varaiables due to etiologic agents that may affect outcome and interpretation of the result. Review of Related Literature The defense system of the human body consists of three components: physical , cellular and humoral. Neonates are particularly deficient in all three so that a more aggressive management is mandatory to improve survival outcome when neonates develop septicemia. The physical and chemical barriers to infection in the human body are present in the newborn but are functionally deficient. The skin of a preterm infant is only a few cell-layers thick and is poorly cornified hence can easily be damaged paving the way for infection. The protective fatty acid production is also low making them more vulnerable. At 23 weeks gestational age the fetus possesses T and B lymphocytes, macrophages, monocytes, polymorphonuclear cells and the capacity to synthesize all known immune factors. The ability of the T and B lymphocytes to produce cytokines is less in comparison to adults, however neonates are capable of generating appropriate adaptive immune responses. Langerhans cells are important in local infection and are present in the neonate at 18 weeks gestation. Phagocytes from preterm neonates show normal activity when suspended in normal adult serum, however neonatal serum is deficient in immunoglobulin and complement so there is a marked reduction in adherence and chemotaxis. The neonatal neutrophil or polymorphonuclear (PMN) cell, which is vital for effective killing of bacteria is deficient in chemotaxis and killing capacity. Also neonatal PMNs are less deformable therefore they are less able to move through the extracellular matrix of tissues to reach the site of inflammation and infection. The limited ability of neonate for phagocytosis and killing of bacteria is further impaired when the infant is clinically ill. Lastly neutrophil reserves are easily depleted because of the diminished response of the bone marrow especially in the premature infant. The neonate is capable of synthesizing IgM in utero at 10 weeks gestation, however IgM levels are generally low at birth unless the infant was exposed to an infectious agent during the pregnancy, thereby stimulating increased IgM production. During pregnancy IgG is transported actively and passively across the placenta from about the 20th week of gestation and at full term the neonates IgG levels are higher than his mothers levels. The IgG in an infants plasma has a half-life of about three weeks.Until the infant is able to generate his own IgG, IgM and IgA there is a period of postnatal hypogammaglobulinemia. In a preterm neonate of 26 weeks gestation the plasma IgG levels are markedly lower and diminish to ineffective levels very quickly, increasing the risk of infection. Complement protein production can be detected as early as 6 weeks gestation; however the concentration of the various components of the complement system widely varies among individual neonates. While some infants have had complement levels comparable with those in adults, deficiencies appear to be greater in the alternative pathway than in the classic pathway. The terminal cytotoxic components of the complement cascade that leads to killing of organisms, especially gram-negative bacteria are deficient. The deficiency is more marked in preterm infants. Mature complement activity is not reached until infants are aged 6-10 months. Neonatal sera have reduced opsonic deficiency against GBS, E. coli, and S pneumoniae because of decreased levels of fibronectin, a serum protein that assists with neutrophil adherence and has opsonic properties. Most common organisms causing early- onset neonatal sepsis include group B streptococci, gram -negative enteric organisms like E. coli. Listeria monocytogenes and Klebsiella are also a common isolates. Less common organisms include staphylococcus, other streptococci, anaerobes, and Haemophilus influenza9. The host-defence mechanism of neonates are immature. They have a markedly decrease levels of C3, Cy properdin and factor B which are very important in the alternative pathway of complement. Levels of IgM and IgA are also low at birth. Although IgG levels may be normal in term neonates, it is low in preterm infants. These relative deficiency of the neonates immune system complicated by low birthweight and decreasing age of gestation makes them more susceptible to life threatening infections10. Sadana,et al mentioned that the incomplete development of the host defense system of the neonate is largely responsible for the high mortality in neonatal sepsis11.In his study an increase in the levels of IgG, IgM, IgA andC3 was noted after exchange transfusion.Exchange transfusion offers removal of bacteria and toxins, improves oxygenation and perfusion as well as decreases hemorrhagic complications. The relative immunodeficiency state and susceptibility to sepsis and complications is the impetus for exploring treatment modalities other than antibiotics. There was an increase in the levels of IgG antibodies in septicemia patients with coagulase negative staphylococcus after FFP administration in the study made by Krediet, et al12 The neonate being deficient in both humoral and cellular immunity is more vulnerable to infection. There are literature that suggests the usage of Fresh Frozen Plasma in patients with neonatal sepsis to compensate for the immunologic deficiencies. FFP improves neonatal chemotaxis, provides humoral or cellular factors13 and increases the levels of immunoglobulin such as IgG, IgA and IgM. FFP remains the only approved source of factors V,XI, protein C, protein S and plasminogen14 and basically all the clotting factors. Others would say that FFP transfusion in neonatal sepsis is good because it increases levels of IgG, IgA and IgM15 that will increase chances of survival. FFP contains immunoglobulins anc complement factors16. Fresh frozen plasma, the plasma separated from a unit of whole blood and frozen at -18 oC within 8 hours of collection. It is a platelet-poor plasma17.Each bag has a volume of 175 to 250 ml and contains between 1 and 2 units of each coagulation factor per ml and 400 to 800 mg fibrinogen. It contains fibrinolytic and complement factors. It carries the same risks of viral transmission as other blood components and can cause allergic reactions and fluid overload. Indications for fresh frozen plasma, once used routinely in the support of critically ill-infants and children, have become more specific as evolving evidence has confirmed or disproved the efficacy of plasma in various circumstances. Fresh frozen plasma is currently indicated to treat the coagulopathies of massive hemorrhage, liver failure, disseminated intravascular coagulation and sepsis18. In an infant the fat has a higher saturated- to-unsaturated fatty acid ratio compared to adult fat and thus a higher melting point. Prematurity, hypothermia and shock and anatomic abnormalities have been postulated to further increase this ratio,possibly as a result of enzymatic alteration allowing precipitation of fatty acid crystals within the lipocytes. This condition has been suggested to result in the dramatic clinical findings in the affected skin. Xray diffraction techniques have confirmed that infants with sclerema have an increase in saturated fats and that the crystals within the fat cells are composed of triglycerides. The exact incidence of sclerema neonatorum is unknown . All studies describe SN as extremely rare. The number of reported case in recent years have declined, probably as a result of a better neonatal care. Because sclerema neonatorum invariably is associated with serious underlying disease process, the mortality rate is high. In different series, the reported mortality rates range from 67-88%, with death occuring hours to days after onset. If the underlying disease is treated successfuly, the skin softens and returns to normal. Sclerema neonatorum shows a slight male preponderance, with an estimated male-to-female ratio of 1.5:1. Sclerema neonatorum is a disease confined to the newborn period. It can present at birth, but onset within the first week of life is more common. The oldest reported infant presented with Pseudomonas septicemia is 106 days old. According to literature one half of the affected infants are premature, , and the others are full term but have a serious underlying disease. They are often of low birth weight and have cyanosis and low apgar scores.In one series, 75% of the mothers were healthy, while 25% had preeclampsia, placenta previa, or infection. Labor is usually normal and the delivery is spontaneous and nontraumatic. Physical findings appear suddenly, first on the thighs and on the buttocks and then spreading rapidly often affecting all parts of the body except the palms and the soles and the genitalia. The involved skin is pale, waxy, and firm to palpation. The skin cannot be pitted or pinched up because it is bound to the underlying tissues. The affected infant often dispalys flexion contractures at the elbows, knees and hips, temperature instability, restricted respiration, difficulty in feeding and decrease in spontaneous movement.17 Recognition and the prompt institution of therapy specific to the underlying disease process are mandatory such as antibiotics, steroids, exchange transfusions and FFP transfusion. Definition of Terms Neonatal sepsis- It is a clinical syndrome of bacteremia characterized by systemic signs and symptoms of infection in the first month of life. Neonatal sepsis encompasses systemic infections of the newborn including septicemia, meningitis, pneumonia, arthritis, osteomyelitis and urinary tract infection of the newborn19. Associated factors for early onset neonatal sepsis include lowbirthweight, PROM, foul smelling liquor, multiple vaginal examinations and maternal fever20 Early onset neonatal sepsis- It usually presents within the first 48 hours of life. In severe cases, the neonate may be symptomatic in utero, (fetal tachycardia, poor beat to beat variability) or within the first few hours after birth. The source of the infection is generally in the maternal genital, gastrointestinal, urinary tract . Clinically neonates usually present with respiratory distress and pneumonia. Presence of some perinatal risk factors has been associated with an increased risk of early onset sepsis. Frozen Frozen Plasma It is the plasma removed from a unit of whole blood and frozen at or below 55 degrees Fahrenheit within 8 hours of collection. It contains all the coagulation factors in normal amounts and is free of red cells, leukocytes and platelets. It is not a concentrate of clotting factors. Sclerema Neonatorum- It is derived from the Greek word sclerosmeaning hard. It is considered best as a sign of a potentially fatal underlying disease process in the newborn period. Physical findings appear suddenly first on the thighs and buttocks and then spreading rapidly, often affecting all parts of the body except the palms, soles and genitalia. The involved skin is pale, waxy and firm to palpation. The skin cannot be pitted or pinched up because it is bound to the underlying tissues.It can present at birth but onset within the first week of life is more common. Associated underlying conditions include septicemia, pneumonia, hypothermia, metabolic acidosis, respiratory distress syndrome, congenital heart defects, gastroenteritis and intestinal obstruction. Clinical Signs of Neonatal Sepsis: (At least 2 clinical signs supported by laboratory findings) 1.sclerema 2.hypoglycemia/hyperglycemia 3.temperature instability 4.tachypnea/respiratory distress 5.Apnea 6.Poor perfusion Laboratory findings: 1..I/T ratio> 0.2 2.leukopenia 3.Neutropenia 4.Thrombocytopenia Research Question Will FFP transfusion improves the survival outcome of the sick neonates with early onset neonatal sepsis with sclerema given the standard therapy plus FFP? Is the use of FFP justifiable in the treatment of neonatal sepsis with sclerema in terms of cost and survival outcome? Significance of the study Many studies have been done to improve the survival outcome of neonates with septicemia. The progress in terms of the available adjuctive therapies in the treatment of neonatal sepsis entail a higher cost which is an issue to our marginalized patients who cannot afford such expensive add on treatment hence inspired the researcher to study fresh frozen plasma transfusion which is much more affordable and readily available to the neonates with septicemia particularly with sclerema. FFP contains immunologic factors helping the immunologically deficient neonate in fighting serious infections. This study aims to evaluate the effects of FFP transfusion in the subset of neonates with high case fatality rate. They are the candidates that would benefit from the terminal cytotoxic complement with the coagulation cascade that FFP may provide. OBJECTIVES OF THE STUDY General Objective: To determine and compare the survival outcome of patients with early- onset neonatal sepsis with sclerema given the standard therapy (antibiotic + supportive care ) plus fresh frozen plasma to those with early -onset neonatal sepsis given only the standard therapy (antibiotic + supportive care ) at Southern Philippines Medical Center- Nursery for the year 2008 . Specific Objectives: Determine the incidence of sclerema in early onset neonatal sepsis in SPMC. Determine the rate of early onset neonatal sepsis with sclerema in SPMC. Determine the mortality rate of neonates with early onset sepsis with sclerema. Identify the possible the maternal fetal/neonatal factors related to early neonatal sepsis with sclerema Compare the outcome 1.resolution of sclerema Chapter 2 METHODOLOGY Study Design This paper will be an observational descriptive and comparative study on the survival outcome of patients with neonatal sepsis with sclerema admitted at Southern Philippines Medical Center for the year 2008 using a Cohort study design. Population This study will include all neonates with early-onset neonatal sepsis with sclerema admitted at Southern Philippines Medical Center -Nursery for the year 2008. Inclusion criteria: All neonates admitted at Southern Philippines Medical Center -Nursery who presents with the clinical signs of early- onset neonatal sepsis with sclerema. Exclusion criteria: 1.All neonates presenting with clinical signs of neonatal sepsis with sclerema occurring beyond 48 hours of life. 2. All non-institutional deliveries presenting with early onset neonatal sepsis with sclerema. 3. All neonates admitted at the NICU with obvious congenital anomalies like syndromic features, cleft lip and palate etc. Data Collection Data will be collected by the researcher through a retrospective chart review. The researcher will scan and evaluate each chart of the patient with neonatal sepsis for the presence of sclerema in the progress notes. A data sheet will be use for each patient.Research consultant will be asked for validation of diagnosis. Independent variable -Fresh Frozen Plasma transfusion Dependent variable- survival outcome of neonates with early onset sepsis with sclerema Sample Size: All neonates admitted at Southern Philippines Medical Center-Nursery who fulfilled the inclusion criteria for the year 2008 will be used as a sample in this study. Data Analysis: correlation coefficient and odds ratio will be used to summarize the data for the comparative part. Means and standard deviation for the descriptive part and percentage and rates as per standard definition. Ethical Consideration The approval of the hospital research committee and the ethics committee will be sought before the conduct of the study. No identification data or marks will be placed in each patient included in the study. The data will be kept by the researcher for 5 years. Table 1.Patient clinical profile Name: AGA___SGA___LGA___ Age: Weight: AOG: Sex: Medical record number: length of stay in the hospital: Date of admission : Date of discharge: Diagnosis upon admission: Final diagnosis: OUTCOME: [ ] died [ ]survived [ ] HAMA [ ] transferred [ ]transout to blue area Cause of death: Age at onset of sepsis(hours) Age at onset of sclerema(hours) Antibiotics Ampicillin/Gentamycin Cefotaxime/Amikacin Piperacillin + Tazobactam/Amikacin Meropenem Cefepime Neonatal risk factors Birthweight 1.VLBW 2.LBW 3.normal weight 4.LGA APGAR SCORE (5 minute) 0-3 4-6 7-10 Ballard Scoring 34-37 >37 Comorbidities Neonatal pneumonia Meconium aspiration Intubation Pulmonary hypertension Pneumothorax Others (specify) MATERNAL RISK FACTORS Premature labor and delivery Prolong Rupture of membrane Antenatal Steroid Chorioamnionitis Manipulative Operative Delivery Maternal infection within 2 weeks of delivery UTI RTI Preeclampsia/eclampsia Placenta previa/ abruptio Others (specify) SCLEREMA Hours first noted FFP transfusion Yes /hours before transfusion No Resolution of sclerema post FFP Yes- number of hours first noted resolution No- OUTCOME Died Survived COMPLICATIONS NOTED Table 2. ANTIBIOTICS Standard care+FFP Standard care Total No. % No. % No. % Ampicillin+Gentamycin Cefotaxime +Amikacin Piptazo+Amikacin Meropenem Cefepime Total Table 2.BIRTHWEIGHT Standard care+FFP Standard care Total No. % No. % No. % VLBW LBW AGA LGA Total Table 3. APGAR SCORE(5 MINUTE) Standard care+FFP Standard care Total No. % No. % No. % 0-3 4-6 7-10 Total Table 4. BALLARDS SCORE Standard care+FFP Standard care Total No. % No. % No. % 34-37 weeks >37 weeks Total Table 5. Comorbidities Standard care+FFP Standard care Total No. % No. % No. % Neonatal pneumonia Meconium aspiration Intubation Pulmonary hypertension Pneumothorax Others (specify) Total Table 6. Maternal Risk Factors Antibiotic+Standard care+ FFP Antibiotic +Standard care Total No. % No. % No. % Preterm labor/delivery RBOW Antenatal Steroid Chorioamnionitis Operative Delivery Maternal infection UTI RTI Preeclampsia/eclampsia Placenta previa /abruptio Others (specify) Total Table 7. Onset and Resolution of Sclerema Antibiotic+Standard care+ FFP Antibiotic +Standard care only Onset resolution Total time of sclerema Table 8. Outcome Survived Dead Total No. % No. % No. % Antibiotic+Standard care+ FFP Antibiotic +Standard care Total Conceptual framework: Babies admitted at DMC nursery 2008 No sepsis Compare results Sepsis with sclerema Antibiotic+Standard care+ FFP Antibiotic +Standard care Sepsis without sclerema Early-onset neonatal sepsis COST/BUDGET: COUPON BOND.P.400.00 PRINTINGP700.00 RESEARCH MATERIALS ..1,000.00 ______________________ P 2,100.00 TIME TABLE (May 2009- December 2010) May PRESENTATION TO RESEARCH COMMITTEE AND ETHICS June -October DATA GATHERING November PRESENTATION OF RESULTS December SUBMISSION OF HARD COPIES

Rip’s Dependence on Society for Self-Identity Essay -- Rip Van Winkle

Rip’s Dependence on Society for Self-Identity    Rip Van Winkle   Ã‚  After falling asleep in the forest, a man returns to find his house abandoned, his town transformed his friends dead or missing and his own identity in serious doubt. Suddenly he recognizes his exact likeness walking down the street and for a moment he loses his identity. This is not a science fiction piece but rather the well known tale of Rip Van Winkle by Washington Irving. In the moment when Van Winkle sees his exact likeness walking up the mountain, he let's out an anguished cry, ". . .I can't tell what's my name, or who I am I am!" (Page 410) With that one statement we understand Van Winkle's predicament. Without his community to define him Van Winkle is lost, for he only exists through the eyes of others. To understand better Van Winkle's predicament we must first understand his character and how he was viewed by his community. Examining the text we find ample examples of both. Irving describes his main character as an amiable fool. As stated in the text Van Winkle is ". . . one of those happy mortals, of foolish, well-oiled dispositions, who take the world easy, eat white bread or brown, which ever can be got with least thought or trouble, and would rather starve on a penny than work for a pound." (Page 404) He is also said to be a man who, "If left to himself would whistle his life away . . . " (Page 404) Clearly Van Winkle has little concern for the matters of getting ahead. Yet one has to look at how he fits into his rustic community to get a clearer impression of him. Although much satire is made of Van Winkle being a "henpecked husband", the story al... ...n to an "old woman" who finally comes forward and proclaims, "Sure enough! it is Rip Van Winkle -- it is himself." (Page 411) After her identification is corroborated by the elderly Peter Vanderdonk, Van Winkle is Van Winkle once more. Once he is identified, Van Winkle's place in the community is reinstated. In fact his status even improves to the point where he is considered, "one of the patriarchs of the village", for in their eyes he is now a town historian. The story of Van Winkle shows us how dependent he was on the community, without which he could not exist. His place within the society and the acknowledgment of others were crucial to how he defined himself. Works Cited: Irving, Washington. "Rip Van Winkle." The Heath Anthology of American Literature. Ed. Paul Lauter. Boston: Houghton Mifflin Company, 1998.

On the Temporal Boundaries of Simple Experiences :: Philosophy Philosophical Papers

On the Temporal Boundaries of Simple Experiences ABSTRACT: I argue that the temporal boundaries of certain experiences — those I call ‘simple experiential events’ (SEEs) — have a different character than the temporal boundaries of the events most frequently associated with experience: neural events. In particular, I argue that the temporal boundaries of SEEs are more sharply defined than those of neural events. Indeed, they are sharper than the boundaries of all physical events at levels of complexity higher than that of elementary particle physics. If correct, it follows that the most common forms of identity theory-functionalism and dualism (according to which neurophysiological (or other complex) events play key roles through identification or correlation) — are mistaken. More positively, the conclusion supports recent approaches that attempt to explain conciousness by appeal to quantum physics. I. Introduction A methodology that I believe has some chance of providing us with a better understanding of the nature of consciousness – or of how it could be that consciousness does not exist, if the eliminativists are right – is one in which we study our conception or picture of consciousness. Specifically, I am referring to our conception or picture of phenomenal consciousness – what one has in mind who, e.g., "gets" the mind-body problem, understands the inverted spectrum or absent qualia examples, or Nagel’s phrase that it is like something to be conscious, and so on. Such individuals, arguably, are thinking about consciousness in a more or less similar way, exploiting a similar conception or picture, similar conceptual structures. Studying such a conception should be, to a reasonable degree at least, just like studying any other conception in cognitive science. And, as with other conceptions, the effort can be a multidisciplinary one, one to which philosophers can contribute. As I said, I think following this route might lead to progress in our understanding of consciousness itself; but even if it does not, characterizing our conception of phenomenal consciousness has importance at least as a piece of psychology. In any event, it is how I am inclined to pursue the study of consciousness these days. This talk describes a small study within that broader project. In another paper (1) I have argued that our conception of phenomenal consciousness commits us to the idea that there are simple components or elements that in some sense make up our complex phenomenal experience. Actually, it commits us to holding that either there are simples or that our complex phenomenal experience is such that – roughly put – analysis will always continue ad infinitum, no matter how a complex phenomenal experience gets carved up. On the Temporal Boundaries of Simple Experiences :: Philosophy Philosophical Papers On the Temporal Boundaries of Simple Experiences ABSTRACT: I argue that the temporal boundaries of certain experiences — those I call ‘simple experiential events’ (SEEs) — have a different character than the temporal boundaries of the events most frequently associated with experience: neural events. In particular, I argue that the temporal boundaries of SEEs are more sharply defined than those of neural events. Indeed, they are sharper than the boundaries of all physical events at levels of complexity higher than that of elementary particle physics. If correct, it follows that the most common forms of identity theory-functionalism and dualism (according to which neurophysiological (or other complex) events play key roles through identification or correlation) — are mistaken. More positively, the conclusion supports recent approaches that attempt to explain conciousness by appeal to quantum physics. I. Introduction A methodology that I believe has some chance of providing us with a better understanding of the nature of consciousness – or of how it could be that consciousness does not exist, if the eliminativists are right – is one in which we study our conception or picture of consciousness. Specifically, I am referring to our conception or picture of phenomenal consciousness – what one has in mind who, e.g., "gets" the mind-body problem, understands the inverted spectrum or absent qualia examples, or Nagel’s phrase that it is like something to be conscious, and so on. Such individuals, arguably, are thinking about consciousness in a more or less similar way, exploiting a similar conception or picture, similar conceptual structures. Studying such a conception should be, to a reasonable degree at least, just like studying any other conception in cognitive science. And, as with other conceptions, the effort can be a multidisciplinary one, one to which philosophers can contribute. As I said, I think following this route might lead to progress in our understanding of consciousness itself; but even if it does not, characterizing our conception of phenomenal consciousness has importance at least as a piece of psychology. In any event, it is how I am inclined to pursue the study of consciousness these days. This talk describes a small study within that broader project. In another paper (1) I have argued that our conception of phenomenal consciousness commits us to the idea that there are simple components or elements that in some sense make up our complex phenomenal experience. Actually, it commits us to holding that either there are simples or that our complex phenomenal experience is such that – roughly put – analysis will always continue ad infinitum, no matter how a complex phenomenal experience gets carved up.

Cognitive Behavioral Therapy and Post Traumatic Stress Disorder in Chil

The use of several therapeutic methods to treat children with PTSD increases the argument among clinicians about the most effective treatment for PTSD. The clinical literature describes a wide variety of interventions besides CBT including, psychoanalytic techniques, creative arts, play therapy, crisis intervention, eye movement desensitization and reprocessing, and pharmacotherapy; which raises the question about what could be the most effective treatment for children with PTSD (Cohen, Mannarino & Rogal 2001). Several of these therapies have been recognized as effective PTSD treatments. For instance, Eye-Movement Desensitization and Processing (EMDR), has become an increasingly accepted treatment modality for childhood PTSD; however, very few physicians recommend its use (Cohen, et al. 2001). EMDR is a PTSD treatment in which clients are engaged to visually track the therapist’s finger being rapidly wave back and forth as they engage with the trauma memory (Feeny et al. (2004 ). In a controlled study that examined the efficacy of EMDR on children with PTSD who were victims of natural disasters, Chemtob, Nakashima, & Carlson (2002), found that EMDR was an effective treatment to decrease or eliminate PTSD symptoms of these traumatized children. Chemtob and colleagues documented that 56.3% of the children no longer met criteria for PTSD according to the Child Posttraumatic Stress Disorder Reaction Index (CPTSD-RI) cut off. Empirical knowledge with regard to EMDR is quite comparable to the effectiveness of psychotropic medications; they have provided some support as effective PTSD treatment. However, these treatments have been far from unanimous in the demonstration of their effectiveness (Friedman, 1997). Despite the findings tha... ...ychiatric disorders associated with posttraumatic stress disorder in the general population. Comprehensive Psychiatry, 41, 469–478. Trowell, J., Kolvin, I., Weeramanthri, T., Sadowski, H., Berelowitz, M., Galsser, D., et al. (2002). Psychotherapy for sexually abused girls: Psychopathological outcome findings and patterns of change. British Journal of Psychiatry, 160, 234–246. Resick, P. A., Nishith, P., Weaver, T., Astin, M. C., & Feuer, C. A. (2002). A comparison of cognitive processing therapy, prolonged exposure, and a waiting condition for the treatment of posttraumatic stress disorder in female rape victims. Journal of Consulting and Clinical Psychology, 70, 867–879. Zayfert, C., DeVita, J. (2004). Residual Insomnia Following Cognitive Behavioral Therapy for PTSD. Journal of Traumatic Stress, Vol. 17, No. 1, February 2004, pp. 69–73 ( 2004).

Evaluation of Spirited Away

Evaluation of Spirited Away Spirited Away is an anime movie from Hayao Miyazaki, one of the greatest Japanese animation directors. His movies are full of imaginations, thoughtful messages, and they always have a happy ending. Spirited Away is not an exception. It is a great anime movie that will take viewers on a journey beyond their imagination with a very beautiful ending, and it also contains a meaningful message about the relationship between human and the nature. Spirited Away is about the journey to the land of spirits of a ten-year-old girl named Chihiro.Chihiro and her parents are driving to their new home in a strange town. Her dad takes a shortcut through the woods and ends up in front of a tunnel. Her parents decide to see what lies through it despite of her protest. On the other side, they find a â€Å"theme park† and a food counter filled with fresh food inside. Her parents start to wolf it down, but she senses danger and refuses to eat. As the night falls, she is terrified to see the area filled with spirits. She runs to her parents and discovers that they have been turned into pigs.A mysterious boy named Haku finds her and helps her to hide from the spirits. The area turns into a hot bath house for the gods and spirits to replenish themselves. Haku helps her to find a job in the bath house in order for her to stay and finds a way to save her parents. Though the work is hard, and she has to work with monsters in the bath house, she does as well as she can and finally saves her parents. Movies in general must have some elements to be successful. The main purpose of a movie is to make the audience interested.The audience is always looking for bizarre beyond their own lives, so a great movie is the movie that can amaze the audience by taking them to the world beyond their imagination. A great movie is also a movie that the audience will remember after watching it. To make the audience remember a movie, it must have something to think about. Th at is why a great movie must convey meaningful messages that will make the audience think about and stay in their hearts. Movie is a form of entertainment, so it is undoubtedly that a great movie must succeed in entertaining its audience.A great movie needs to make the audience feels ease in mind and happy after watching it instead of filling audience’s mind with sadness. That is the reason why a happy ending is mandatory. Spirited Away is a great movie with full of imagination. If the audience read a lot of fairy tales, they will feel they are at home while watching Spirited Away. A human is turned into animal because he did something wrong is a familiar motive in fairy tales. In the movie, Chihiro’s parents are turned into pigs because they ate the food without permission.Usually, kids are punished because of their bad behaviors in fairy tales, but this time, in Miyazaki’s movie, adults are punished instead of kids, and the savior is a girl. This is where the imagination of Hayao Miyazaki turns on. The viewers will see the spiritual appears on the screen under the eyes of a girl. Some gods look like animals, and there is a god looks like a blob with a red bowl on his head. The spirits and gods are not scary but very familiar. They look weird, and the viewer might see some of them somewhere in their dreams when they were kids.The bath house is used by gods and spirits, so the employees of the bath house can’t be human. The employees are talking animals. They are working for a cruel witch, who has very big head and body. All those things are somewhere in the viewers’ childhood memory, and Hayao Miyazaki brings them all up onto the screen. Spirited Away also conveys a meaningful message. It is the environmental message. Chihiro’s encounter with a river god early in her bath house career is a good evidence of this. In the movie, Yubaba senses the stink spirit. She immediately evacuates the bath house and then assigns Chi hiro to be the stink spirit attendant.Though this is a very difficult job, Chihiro manages to get the stink spirit cleaned. While she is cleaning the stink spirit, she sees a thorn on the stink spirit. She pulls the thorn. It turns out that the thorn is the handle of a bicycle, and there are tons of garbage are coming out of the stink spirit. Astonishingly, the stink spirit is a river god, who is heavily dirtied by the pollution of his river. Later she discovers that Haku is the god of the Kohaku River, and Haku is the one who saved her life when she was a child. This makes the viewers think of the relationship between human and the nature.Human rely to the nature, but they are destroying the nature. This is a meaningful message that will make the audience think about the nature after watching Spirited Away. Spirited Away has a very beautiful ending. No Face is a lonely spirit. He travels place to place without purposes. Finally, he finds a home to stay. He stays with Zeniba to look after her. It is a beautiful ending for a lonely spirit. Chihiro finally saves her parents from Yubaba. She passes the test of Yubaba and breaks the spell. It is a happy ending that all the viewers expect. There is also a happy ending for Yubaba.Her son returns after a journey to Zeniba’s house, and he grows up more after the trip. Haku remembers his name is Kohaku, and he is the god of the Kohaku River. He is no longer under control of Yubaba. For Chihiro, she has grown into a better person for her experience in the spiritual world. Spirited Away is a great movie. It shows the viewers the imaginary world that the viewers only see in their childhood dream. The movie also contains a meaningful message about the environment. Finally, the viewers will feel relieved after watching Spirited Away because of its beautiful ending.

Economics Test Bank Chapter 14

Chapter 14 Firms in Competitive Markets Multiple Choice 1. A FIRM HAS MARKET POWER IF IT CAN |a. |maximize profits. | |b. |minimize costs. | |c. |influence the market price of the good it sells. | |d. |hire as many workers as it needs at the prevailing wage rate. | ANS:CPTS:1DIF:1REF:14-0 NAT:AnalyticLOC:Perfect competitionTOP:Market power MSC:Definitional 2. A book store that has market power can |a. |influence the market price for the books it sells. | |b. |minimize costs more efficiently than its competitors. | |c. |reduce its advertising budget more so than its competitors. | |d. ignore profit-maximizing strategies when setting the price for its books. | ANS:APTS:1DIF:1REF:14-0 NAT:AnalyticLOC:Perfect competitionTOP:Market power MSC:Applicative 3. The analysis of competitive firms sheds light on the decisions that lie behind the |a. |demand curve. | |b. |supply curve. | |c. |way firms make pricing decisions in the not-for-profit sector of the economy. | |d. |way financial markets set interest rates. | ANS:BPTS:1DIF:1REF:14-0 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 4. For any competitive market, the supply curve is closely related to the |a. preferences of consumers who purchase products in that market. | |b. |income tax rates of consumers in that market. | |c. |firms’ costs of production in that market. | |d. |interest rates on government bonds. | ANS:CPTS:1DIF:1REF:14-0 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 5. Suppose a firm in each of the two markets listed below were to increase its price by 20 percent. In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not? |a. |corn and soybeans | |b. gasoline and restaurants | |c. |water and cable television | |d. |spiral notebooks and college textbooks | ANS:DPTS:1DIF:2REF:14-0 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applica tive 6. Suppose a firm in each of the two markets listed below were to increase its price by 30 percent.In which pair would the firm in the first market listed experience a dramatic decline in sales, but the firm in the second market listed would not? |a. |oil and natural gas | |b. |cable television and gasoline | |c. |restaurants and MP3 players | |d. |movie theaters and ballpoint pens | ANS:BPTS:1DIF:2REF:14-0NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative What is a Competitive Market? 1. A KEY CHARACTERISTIC OF A COMPETITIVE MARKET IS THAT |a. |government antitrust laws regulate competition. | |b. |producers sell nearly identical products. | |c. |firms minimize total costs. | |d. |firms have price setting power. | ANS:BPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Definitional 2. Which of the following is not a characteristic of a competitive market? |a. |Buyers and sellers are price takers. | |b. |Each firm sells a virtually identical product. |c. |Entry is limited. | |d. |Each firm chooses an output level that maximizes profits. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Definitional 3. Which of the following is a characteristic of a competitive market? |a. |There are many buyers but few sellers. | |b. |Firms sell differentiated products. | |c. |There are many barriers to entry. | |d. |Buyers and sellers are price takers. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Definitional 4. Who is a price taker in a competitive market? |a. buyers only | |b. |sellers only | |c. |both buyers and sellers | |d. |neither buyers nor sellers | ANS:CPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Definitional 5. Competitive markets are characterized by |a. |a small number of buyers and sellers. | |b. |unique products. | |c. the interdependence of firms. | |d. |free entry and exit by fi rms. | ANS:DPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Definitional 6. A market is competitive if |(i) |firms have the flexibility to price their own product. | |(ii) |each buyer is small compared to the market. | |(iii) |each seller is small compared to the market. | |a. |(i) and (ii) only | |b. |(i) and (iii) only | |c. (ii) and (iii) only | |d. |(i), (ii), and (iii) | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 7. A firm that has little ability to influence market prices operates in a |a. |competitive market. | |b. |strategic market. | |c. |thin market. | |d. |power market. | ANS:APTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Definitional 8. In a competitive market, the actions of any single buyer or seller will |a. have a negligible impact on the market price. | |b. |have little effect on market equilibrium quantity but will affect market equilibr ium price. | |c. |affect marginal revenue and average revenue but not price. | |d. |adversely affect the profitability of more than one firm in the market. | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 9. In a competitive market, the actions of any single buyer or seller will |a. |discourage entry by competitors. | |b. |influence the profits of other firms in the market. | |c. |have a negligible impact on the market price. | |d. None of the above is correct. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 10. Because the goods offered for sale in a competitive market are largely the same, |a. |there will be few sellers in the market. | |b. |there will be few buyers in the market. | |c. |only a few buyers will have market power. | |d. |sellers will have little reason to charge less than the going market price. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:C ompetitive markets MSC:Interpretive 11. Which of the following is not a characteristic of a perfectly competitive market? a. |Firms are price takers. | |b. |Firms have difficulty entering the market. | |c. |There are many sellers in the market. | |d. |Goods offered for sale are largely the same. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 12. Which of the following is not a characteristic of a perfectly competitive market? |a. |Firms are price takers. | |b. |Firms can freely enter the market. | |c. |Many firms have market power. | |d. |Goods offered for sale are largely the same. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 3. Free entry means that |a. |the government pays any entry costs for individual firms. | |b. |no legal barriers prevent a firm from entering an industry. | |c. |a firm's marginal cost is zero. | |d. |a firm has no fixed costs in the short run. | ANS :BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 14. Which of the following industries is most likely to exhibit the characteristic of free entry? |a. |nuclear power | |b. |municipal water and sewer | |c. dairy farming | |d. |airport security | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 15. Which of the following industries is most likely to exhibit the characteristic of free entry? |a. |cable television | |b. |satellite radio | |c. |mineral mining | |d. t-shirt silkscreening | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 16. Which of the following industries is least likely to exhibit the characteristic of free entry? |a. |restaurants | |b. |municipal water and sewer | |c. |soybean farming | |d. |selling running apparel | ANS:BPTS:1DIF:2REF:14-1NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 17. Which of the following industries is least likely to exhibit the characteristic of free entry? |a. |selling running apparel | |b. |wheat farming | |c. |yoga studios | |d. |satellite radio | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 8. When buyers in a competitive market take the selling price as given, they are said to be |a. |market entrants. | |b. |monopolists. | |c. |free riders. | |d. |price takers. | ANS:DPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Definitional 19. When firms are said to be price takers, it implies that if a firm raises its price, |a. |buyers will go elsewhere. | |b. |buyers will pay the higher price in the short run. | |c. |competitors will also raise their prices. | |d. |firms in the industry will exercise market power. | ANS:APTS:1DIF:2REF:14-1NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 20. Which of the following statements best re flects a price-taking firm? |a. |If the firm were to charge more than the going price, it would sell none of its goods. | |b. |The firm has an incentive to charge less than the market price to earn higher revenue. | |c. |The firm can sell only a limited amount of output at the market price before the market price will fall. | |d. |Price-taking firms maximize profits by charging a price above marginal cost. | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 1. Why does a firm in a competitive industry charge the market price? |a. |If a firm charges less than the market price, it loses potential revenue. | |b. |If a firm charges more than the market price, it loses all its customers to other firms. | |c. |The firm can sell as many units of output as it wants to at the market price. | |d. |All of the above are correct. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 22. In a competi tive market, no single producer can influence the market price because |a. |many other sellers are offering a product that is ssentially identical. | |b. |consumers have more influence over the market price than producers do. | |c. |government intervention prevents firms from influencing price. | |d. |producers agree not to change the price. | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 23. A competitive firm would benefit from charging a price below the market price because the firm would achieve |(i) |higher average revenue. | |(ii) |higher profits. | |(iii) |lower total costs. | |a. |(i) only | |b. (ii) and (iii) only | |c. |(i), (ii), and (iii) | |d. |None of the above is correct. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 24. Which of the following characteristics of competitive markets is necessary for firms to be price takers? |(i) |There are many sellers. | |(i i) |Firms can freely enter or exit the market. | |(iii) |Goods offered for sale are largely the same. |a. |(i) and (ii) only | |b. |(i) and (iii) only | |c. |(ii) only | |d. |(i), (ii), and (iii) | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 25. Suppose a firm in a competitive market reduces its output by 20 percent. As a result, the price of its output is likely to |a. |increase. | |b. |remain unchanged. | |c. decrease by less than 20 percent. | |d. |decrease by more than 20 percent. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Analytical 26. The Doris Dairy Farm sells milk to a dairy broker in Prairie du Chien, Wisconsin. Because the market for milk is generally considered to be competitive, the Doris Dairy Farm does not |a. |choose the quantity of milk to produce. | |b. |choose the price at which it sells its milk. | |c. |have any fixed costs of production. | |d. |set marginal re venue equal to marginal cost to maximize profit. | ANS:BPTS:1DIF:2REF:14-1NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 27. The Doris Dairy Farm sells milk to a dairy broker in Prairie du Chien, Wisconsin. Because the market for milk is generally considered to be competitive, the Doris Dairy Farm does not choose the |a. |quantity of milk to produce. | |b. |price at which it sells its milk. | |c. |profits it earns. | |d. |All of the above are correct. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 28. In a competitive market, |a. |no single buyer or seller can influence the price of the product. |b. |there are only a small number of sellers. | |c. |the goods offered by the different sellers are unique. | |d. |accounting profit is driven to zero as firms freely enter and exit the market. | ANS:APTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 29. Which of the following statements regarding a competitive market is not correct? |a. |There are many buyers and many sellers in the market. | |b. |Because of firm location or product differences, some firms can charge a higher price than other firms and still | | |maintain their sales volume. | |c. Price and average revenue are equal. | |d. |Price and marginal revenue are equal. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 30. Which of the following statements regarding a competitive market is not correct? |a. |There are many buyers and many sellers in the market. | |b. |Firms can freely enter or exit the market. | |c. |Price equals average revenue. | |d. |Price exceeds marginal revenue. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 31. One of the defining characteristics of a perfectly competitive market is |a. a small number of sellers. | |b. |a large number of buyers and a smal l number of sellers. | |c. |a similar product. | |d. |significant advertising by firms to promote their products. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Definitional 32. Which of the following firms is the closest to being a perfectly competitive firm? |a. |a hot dog vendor in New York | |b. |Microsoft Corporation | |c. |Ford Motor Company | |d. the campus bookstore | ANS:APTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 33. Which of the following firms is the closest to being a perfectly competitive firm? |a. |the New York Yankees | |b. |Apple, Inc. | |c. |DeBeers diamond wholesalers | |d. |a wheat farmer in Kansas |ANS:DPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 34. Firms that operate in perfectly competitive markets try to |a. |maximize revenues. | |b. |maximize profits. | |c. |equate marginal revenue with average total cost. | |d. |A ll of the above are correct. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 35. A seller in a competitive market can |a. |sell all he wants at the going price, so he has little reason to charge less. | |b. |influence the market price by adjusting his output. | |c. influence the profits earned by competing firms by adjusting his output. | |d. |All of the above are correct. | ANS:APTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 36. A seller in a competitive market |a. |can sell all he wants at the going price, so he has little reason to charge less. | |b. |will lose all his customers to other sellers if he raises his price. | |c. |considers the market price to be a â€Å"take it or leave it† price. | |d. |All of the above are correct. | ANS:DPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 7. In a perfectly competitive market, |a. | no one seller can influence the price of the product. | |b. |price exceeds marginal revenue for each unit sold. | |c. |average revenue exceeds marginal revenue for each unit sold. | |d. |All of the above are correct. | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 38. For a firm in a competitive market, an increase in the quantity produced by the firm will result in |a. |a decrease in the product’s market price. | |b. |an increase in the product’s market price. | |c. |no change in the product’s market price. |d. |either an increase or no change in the product’s market price depending on the number of firms in the market. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive 39. If Cathy’s Coffee Emporium sells its product in a competitive market, then |a. |the price of that product depends on the quantity of the product that Cathy’s Coffee E mporium produces and sells | | |because Cathy’s Coffee Emporium’s demand curve is downward sloping. | |b. |Cathy’s Coffee Emporium's total revenue must be proportional to its quantity of output. | |c. Cathy’s Coffee Emporium's total cost must be a constant multiple of its quantity of output. | |d. |Cathy’s Coffee Emporium's total revenue must be equal to its average revenue. | ANS:BPTS:1DIF:3REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Analytical 40. Changes in the output of a perfectly competitive firm, without any change in the price of the product, will change the firm's |a. |total revenue. | |b. |marginal revenue. | |c. |average revenue. | |d. |All of the above are correct. | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Analytical 41.If a firm in a perfectly competitive market triples the quantity of output sold, then total revenue will |a. |more than triple. | |b. |less than triple. | |c . |exactly triple. | |d. |Any of the above may be true depending on the firm’s labor productivity. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Analytical 42. When a competitive firm doubles the quantity of output it sells, its |a. |total revenue doubles. | |b. |average revenue doubles. | |c. |marginal revenue doubles. | |d. |profits must increase. | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenueMSC:Analytical 43. If a firm in a competitive market doubles its number of units sold, total revenue for the firm will |a. |more than double. | |b. |double. | |c. |increase but by less than double. | |d. |may increase or decrease depending on the price elasticity of demand. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Analytical Table 14-1 |Quantity |Price | |0 |$5 | |1 |$5 | |2 |$5 | |3 |$5 | 4 |$5 | |5 |$5 | |6 |$5 | |7 |$5 | |8 |$5 | |9 |$5 | 44. Refer to Table 14-1. The price and quantity relationship in the table is most likely a demand curve faced by a firm in a |a. |monopoly. | |b. |concentrated market. | |c. |competitive market. | |d. |strategic market. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Analytical 45. Refer to Table 14-1.Over which range of output is average revenue equal to price? |a. |1 to 5 units | |b. |3 to 7 units | |c. |5 to 9 units | |d. |Average revenue is equal to price over the entire range of output. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Average revenue MSC:Analytical 46. Refer to Table 14-1. Over what range of output is marginal revenue declining? |a. 1 to 6 units | |b. |3 to 7 units | |c. |7 to 9 units | |d. |Marginal revenue is constant over the entire range of output. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Analytical 47. Refer to Table 14-1. If the firm doubles its output from 3 to 6 units, total revenue will |a. |increase by less than $15. | |b. |increase by exactly $15. |c. |increase by more than $15. | |d. |Total revenue cannot be determined from the information provided. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Applicative Table 14-2 The table represents a demand curve faced by a firm in a competitive market. |Price |Quantity | |$4 |0 | |$4 |1 | |$4 |2 | |$4 |3 | |$4 |4 | |$4 |5 | 48. Refer to Table 14-2. A firm operating in a competitive market maximizes total revenue by producing |a. |2 units. |b. |3 units. | |c. |4 units. | |d. |as many units as possible. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Applicative 49. Refer to Table 14-2. For a firm operating in a competitive market, the average revenue from selling 3 units is |a. |$12. | |b. |$4. | |c. |$3. | |d. |$1. 25. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Average revenue MSC:Applicative 50. Refer to Table 14-2. For a f irm operating in a competitive market, the marginal revenue from selling the 3rd unit is |a. |$12. | |b. |$4. | |c. |$3. | |d. |$1. 25. | ANS:BPTS:1DIF:3REF:14-1NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Applicative Table 14-3 |Quantity |Total Revenue | |0 |$0 | |1 |$7 | |2 |$14 | |3 |$21 | |4 |$28 | 51. Refer to Table 14-3. For a firm operating in a competitive market, the price is |a. |$0. | |b. |$7. | |c. |$14. | |d. |$21. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 52.Refer to Table 14-3. For a firm operating in a competitive market, the marginal revenue is |a. |$0. | |b. |$7. | |c. |$14. | |d. |$21. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Applicative 53. Refer to Table 14-3. For a firm operating in a competitive market, the average revenue is |a. |$21. | |b. |$14. | |c. |$7. | |d. |$0. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Average re venue MSC:Applicative Table 14-4 |Quantity |Total Revenue | |0 |$0 | |1 |$15 | 2 |$30 | |3 |$45 | |4 |$60 | 54. Refer to Table 14-4. For a firm operating in a competitive market, the price is |a. |$45. | |b. |$30. | |c. |$15. | |d. |$0. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 55. Refer to Table 14-4. For a firm operating in a competitive market, the marginal revenue is |a. |$45. | |b. |$30. | |c. |$15. | |d. |$0. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Applicative 56.Refer to Table 14-4. For a firm operating in a competitive market, the average revenue is |a. |$45. | |b. |$30. | |c. |$15. | |d. |$0. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Average revenue MSC:Applicative Table 14-5 |Quantity |Total Revenue | |12 |$132 | |13 |$143 | |14 |$154 | |15 |$165 | |16 |$176 | 57. Refer to Table 14-5.The price of the product is |a. |$9. | |b. |$11. | |c. |$13. | | d. |$15. | ANS:BPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Competitive markets MSC:Applicative 58. Refer to Table 14-5. The average revenue when 14 units are produced and sold is |a. |$9. | |b. |$11. | |c. |$13. | |d. |$15. | ANS:BPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Average revenue MSC:Analytical 59. Refer to Table 14-5. The marginal revenue of the 12th unit is |a. |$9. | |b. |$10. | |c. |$11 | |d. The marginal revenue cannot be determined without knowing the total revenue when 11 units are sold. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Analytical Table 14-6 The following table presents cost and revenue information for a firm operating in a competitive industry. |COSTS |REVENUES | |Quantity |Total |Marginal |Quantity |Price |Total |Marginal | |Produced |Cost |Cost |Demanded | Revenue |Revenue | |  0 |$100 |  Ã¢â‚¬â€ |  0 |  $120 | |  Ã¢â‚¬â€ | |  1 |$150 | |  1 |  $120 | | | |  2 |$202 | |  2 |  $120 | | | |  3 |$257 | |  3 |  $120 | | | |  4 |$317 | |  4 |  $120 | | | |  5 |$385 | |  5 |  $120 | | | |  6 |$465 | |  6 |  $120 | | | |  7 |$562 | |  7 |  $120 | | | |  8 |$682 | |  8 |  $120 | | | 60. Refer to Table 14-6. What is the total revenue from selling 7 units? |a. $120 | |b. |$490 | |c. |$562 | |d. |$840 | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Applicative 61. Refer to Table 14-6. What is the total revenue from selling 4 units? |a. |$120 | |b. |$257 | |c. $317 | |d. |$480 | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Applicative 62. Refer to Table 14-6. What is the marginal revenue from selling the 3rd unit? |a. |$55 | |b. |$120 | |c. |$137 | |d. |$140 | ANS:BPTS:1DIF:2REF:14-1NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Applicative 63. Refer to Table 14-6. What is the average revenue when 4 units are sold? |a. |$60 | |b. |$120 | |c. |$125 | |d. |$197 | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Average revenue MSC:Applicative 64. Which of the following statements is correct? a. |For all firms, marginal revenue equals the price of the good. | |b. |Only for competitive firms does average revenue equal the price of the good. | |c. |Marginal revenue can be calculated as total revenue divided by the quantity sold. | |d. |Only for competitive firms does average revenue equal marginal revenue. | ANS:DPTS:1DIF:3REF:14-1 NAT:AnalyticLOC:Perfect competition TOP:Average revenue | Marginal revenueMSC:Interpretive 65. Suppose a firm in a competitive market earned $1,000 in total revenue and had a marginal revenue of $10 for the last unit produced and sold. What is the average revenue per unit, and how many units were sold? |a. $5 and 50 units | |b. |$5 and 100 units | |c. |$10 and 50 units | |d. |$10 and 100 units | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionT OP:Average revenue MSC:Applicative 66. Which of the following statements regarding a competitive firm is correct? |a. |Because demand is downward sloping, if a firm increases its level of output, the firm will have to charge a lower | | |price to sell the additional output. | |b. If a firm raises its price, the firm may be able to increase its total revenue even though it will sell fewer units. | |c. |By lowering its price below the market price, the firm will benefit from selling more units at the lower price than | | |it could have sold by charging the market price. | |d. |For all firms, average revenue equals the price of the good. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Average revenue MSC:Analytical 67. Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. If the firm increases its output to 200 units, the average revenue of the 200th unit will be |a. less than $12. | |b. |more th an $12. | |c. |$12. | |d. |Any of the above may be correct depending on the price elasticity of demand for the product. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Average revenue MSC:Analytical 68. Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. If the firm increases its output to 200 units, total revenue will be |a. |$2,000. | |b. |$2,400. | |c. |$4,200. | |d. |We do not have enough information to answer the question. | ANS:BPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Total revenue MSC:Analytical 69.Firms operating in competitive markets produce output levels where marginal revenue equals |a. |price. | |b. |average revenue. | |c. |total revenue divided by output. | |d. |All of the above are correct. | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competition TOP:Marginal revenue | Average revenueMSC:Applicative 70. For a competitive firm, |a. |total revenue equals a verage revenue. | |b. |total revenue equals marginal revenue. | |c. |total cost equals marginal revenue. | |d. |average revenue equals marginal revenue. | ANS:DPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competition TOP:Marginal revenue | Average revenueMSC:Definitional 71.Suppose that a firm operating in perfectly competitive market sells 100 units of output. Its total revenues from the sale are $500. Which of the following statements is correct? |(i) |Marginal revenue equals $5. | |(ii) |Average revenue equals $5. | |(iii) |Price equals $5. | |a. |(i) only | |b. |(iii) only | |c. |(i) and (ii) only | |d. |(i), (ii), and (iii) | ANS:DPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue | Average revenueMSC:Analytical 72. Suppose that a firm operating in perfectly competitive market sells 200 units of output at a price of $3 each. Which of the following statements is correct? |(i) |Marginal revenue equals $3. | |(ii) |Average revenue equals $600. | |(iii) |Ave rage revenue exceeds marginal revenue, but we don’t know by how much. | |a. |(i) only | |b. |(iii) only | |c. |(i) and (ii) only | |d. (i), (ii), and (iii) | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competition TOP:Marginal revenue | Average revenueMSC:Analytical 73. Suppose that a firm operating in perfectly competitive market sells 300 units of output at a price of $3 each. Which of the following statements is correct? |(i) |Marginal revenue equals $3. | |(ii) |Average revenue equals $100. | |(iii) |Total revenue equals $300. | |a. |(i) only | |b. |(iii) only | |c. (i) and (ii) only | |d. |(i), (ii), and (iii) | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competition TOP:Marginal revenue | Average revenueMSC:Analytical 74. Suppose that a firm operating in perfectly competitive market sells 400 units of output at a price of $4 each. Which of the following statements is correct? |(i) |Marginal revenue equals $4. | |(ii) |Average revenue equals $100. | |(iii) |Total revenue equals $1,600. | |a. |(i) only | |b. (iii) only | |c. |(i) and (iii) only | |d. |(i), (ii), and (iii) | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competition TOP:Marginal revenue | Average revenueMSC:Analytical 75. For a firm operating in a competitive industry, which of the following statements is not correct? |a. |Price equals average revenue. | |b. |Price equals marginal revenue. | |c. |Total revenue is constant. | |d. |Marginal revenue is constant. | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue | Average revenueMSC:Interpretive 76. For a firm in a perfectly competitive market, the price of the good is always |a. |equal to marginal revenue. | |b. |equal to total revenue. | |c. |greater than average revenue. | |d. |equal to the firm’s efficient scale of output. | ANS:APTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Interpretive 77. Suppose a firm in a competitive market produces and se lls 8 units of output and has a marginal revenue of $8. 00. What would be the firm's total revenue if it instead produced and sold 4 units of output? |a. |$4 | |b. |$8 | |c. $32 | |d. |$64 | ANS:CPTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Applicative 78. Whenever a perfectly competitive firm chooses to change its level of output, its marginal revenue |a. |increases if MR < ATC and decreases if MR > ATC. | |b. |does not change. | |c. |increases. | |d. |decreases. | ANS:BPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Marginal revenue MSC:Interpretive 79. Suppose that in a competitive market the equilibrium price is $2. 50.What is marginal revenue for the last unit sold by the typical firm in this market? |a. |less than $2. 50 | |b. |more than $2. 50 | |c. |exactly $2. 50 | |d. |The marginal revenue cannot be determined without knowing the actual quantity sold by the typical firm. | ANS:CPTS:1DIF:1REF:14-1 NAT:AnalyticLOC:Perfect competi tionTOP:Marginal revenue MSC:Interpretive 80. For an individual firm operating in a competitive market, marginal revenue equals |a. |average revenue and the price for all levels of output. | |b. |average revenue, which is greater than the price for all levels of output. | |c. average revenue, the price, and marginal cost for all levels of output. | |d. |marginal cost, which is greater than average revenue for all levels of output. | ANS:APTS:1DIF:2REF:14-1 NAT:AnalyticLOC:Perfect competition TOP:Marginal revenue | Average revenueMSC:Interpretive 81. If the market elasticity of demand for potatoes is -0. 3 in a perfectly competitive market, then the individual farmer's elasticity of demand |a. |will also be -0. 3. | |b. |depends on how large a crop the farmer produces. | |c. |will range between -0. 3 and -1. 0. | |d. |will be infinite. | ANS:DPTS:1DIF:3REF:14-1 NAT:AnalyticLOC:Perfect competitionTOP:Elasticity MSC:AnalyticalProfit Maximization and the Competitive Firm's Supply Curve 1. IF A COMPETITIVE FIRM IS CURRENTLY PRODUCING A LEVEL OF OUTPUT AT WHICH MARGINAL REVENUE EXCEEDS MARGINAL COST, THEN |a. |a one-unit increase in output will increase the firm's profit. | |b. |a one-unit decrease in output will increase the firm's profit. | |c. |total revenue exceeds total cost. | |d. |total cost exceeds total revenue. | ANS:APTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 2. If a competitive firm is currently producing a level of output at which marginal cost exceeds marginal revenue, then |a. |a one-unit increase in output will increase the firm's profit. | |b. a one-unit decrease in output will increase the firm's profit. | |c. |total revenue exceeds total cost. | |d. |total cost exceeds total revenue. | ANS:BPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 3. If a competitive firm is currently producing a level of output at which marginal cost exceeds marginal revenue, then |a . |average revenue exceeds marginal cost. | |b. |the firm is earning a positive profit. | |c. |decreasing output would increase the firm's profit. | |d. |All of the above are correct. | ANS:CPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 4. Comparing marginal revenue to marginal cost (i) |reveals the contribution of the last unit of production to total profit. | |(ii) |is helpful in making profit-maximizing production decisions. | |(iii) |tells a firm whether its fixed costs are too high. | |a. |(i) only | |b. |(i) and (ii) only | |c. |(ii) and (iii) only | |d. |(i) and (iii) only | ANS:BPTS:1DIF:2REF:14-2NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Interpretive 5. At the profit-maximizing level of output, |a. |marginal revenue equals average total cost. | |b. |marginal revenue equals average variable cost. | |c. |marginal revenue equals marginal cost. | |d. |average revenue equals average total cost. | ANS:CPTS:1DIF:2RE F:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Interpretive 6. The intersection of a firm's marginal revenue and marginal cost curves determines the level of output at which |a. |total revenue is equal to variable cost. | |b. |total revenue is equal to fixed cost. | |c. |total revenue is equal to total cost. | |d. |profit is maximized. | ANS:DPTS:1DIF:2REF:14-2NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Interpretive 7. For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $7. It follows that the |a. |production of the 100th unit of output increases the firm's profit by $3. | |b. |production of the 100th unit of output increases the firm's average total cost by $7. | |c. |firm's profit-maximizing level of output is less than 100 units. | |d. |production of the 99th unit of output must increase the firm’s profit by less than $3. | ANS:APTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perf ect competitionTOP:Competitive firms MSC:Analytical 8.For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $11. It follows that the |a. |production of the 100th unit of output increases the firm's profit by $1. | |b. |production of the 100th unit of output increases the firm's average total cost by $1. | |c. |firm's profit-maximizing level of output is less than 100 units. | |d. |production of the 110th unit of output must increase the firm’s profit but by less than $1. | ANS:CPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 9. A certain competitive firm sells its output for $20 per unit. The 50th unit of output that the firm produces has a marginal cost of $22.Production of the 50th unit of output does not necessarily |a. |increase the firm's total revenue by $20. | |b. |increase the firm's total cost by $22. | |c. |decrease the firm's profit by $2. | |d. |increase t he firm’s average variable cost by $0. 44. | ANS:DPTS:1DIF:3REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 10. Sam sells soybeans to a broker in Chicago, Illinois. Because the market for soybeans is generally considered to be competitive, Sam maximizes his profit by choosing |a. |to produce the quantity at which average variable cost is minimized. | |b. |to produce the quantity at which average fixed cost is minimized. |c. |to sell at a price where marginal cost is equal to average total cost. | |d. |the quantity at which market price is equal to Sam's marginal cost of production. | ANS:DPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 11. If a competitive firm is selling 1,000 units of its product at a price of $9 per unit and earning a positive profit, then |a. |its total cost is less than $9,000. | |b. |its marginal revenue is less than $9. | |c. |its average revenue is greater than $9. | |d. |the firm cannot be a competitive firm because competitive firms cannot earn positive profits. | ANS:APTS:1DIF:2REF:14-2NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 12. If a competitive firm is selling 1,000 units of its product at a price of $8 per unit and earning a positive profit, then |a. |its average revenue is greater than $8. | |b. |its marginal revenue is less than $8. | |c. |its total cost is less than $8,000. | |d. |All of the above are correct. | ANS:CPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 13. Max sells maps. The map industry is competitive. Max hires a business consultant to analyze his company’s financial records. The consultant recommends that Max increase his production. The consultant must have concluded that Max’s |a. total revenues exceed his total accounting costs. | |b. |marginal revenue exceeds his total cost. | |c. |marginal revenue exceeds his marginal cost. | |d. |margina l cost exceeds his marginal revenue. | ANS:CPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Interpretive 14. Christopher is a professional tennis player who gives tennis lessons. The industry is competitive. Christopher hires a business consultant to analyze his financial records. The consultant recommends that Christopher give fewer tennis lessons. The consultant must have concluded that Christopher’s |a. |total revenues exceed his total accounting costs. | |b. marginal revenue exceeds his total cost. | |c. |marginal revenue exceeds his marginal cost. | |d. |marginal cost exceeds his marginal revenue. | ANS:DPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Interpretive 15. Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes. Laura sells 20 wedding cakes per month. Her monthly total revenue is $5,000. The marginal cost of making a wedding cake is $300. In order to maximize profits, Laura should |a. |make more than 20 wedding cakes per month. | |b. |make fewer than 20 wedding cakes per month. | |c. continue to make 20 wedding cakes per month. | |d. |We do not have enough information with which to answer the question. | ANS:BPTS:1DIF:3REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 16. Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes. Laura sells 20 wedding cakes per month. Her monthly total revenue is $5,000. The marginal cost of making a wedding cake is $200. In order to maximize profits, Laura should |a. |make more than 20 wedding cakes per month. | |b. |make fewer than 20 wedding cakes per month. | |c. |continue to make 20 wedding cakes per month. | |d. We do not have enough information with which to answer the question. | ANS:APTS:1DIF:3REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MS C:Analytical 17. Marcia is a fashion designer who runs a small clothing business in a competitive industry. Marcia specializes in making designer dresses. Marcia sells 10 dresses per month. Her monthly total revenue is $5,000. The marginal cost of making a dress is $400. In order to maximize profits, Marcia should |a. |make more than 10 dresses per month. | |b. |make fewer than 10 dresses per month. | |c. |continue to make 10 dresses per month. | |d. |We do not have enough information with which to answer the question. | ANS:APTS:1DIF:3REF:14-2NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 18. Marcia is a fashion designer who runs a small clothing business in a competitive industry. Marcia specializes in making designer dresses. Marcia sells 10 dresses per month. Her monthly total revenue is $5,000. The marginal cost of making a dress is $500. In order to maximize profits, Marcia should |a. |make more than 10 dresses per month. | |b. |make fewer than 10 dres ses per month. | |c. |continue to make 10 dresses per month. | |d. |We do not have enough information with which to answer the question. | ANS:CPTS:1DIF:3REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 19.Marcia is a fashion designer who runs a small clothing business in a competitive industry. Marcia specializes in making designer dresses. Marcia sells 10 dresses per month. Her monthly total revenue is $5,000. The marginal cost of making a dress is $600. In order to maximize profits, Marcia should |a. |make more than 10 dresses per month. | |b. |make fewer than 10 dresses per month. | |c. |continue to make 10 dresses per month. | |d. |We do not have enough information with which to answer the question. | ANS:BPTS:1DIF:3REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 20. A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive.Then, the price rises to $25, a nd the firm makes whatever adjustments are necessary to maximize its profit at the now-higher price. Once the firm has adjusted, its |a. |quantity of output is higher than it was previously. | |b. |average total cost is higher than it was previously. | |c. |marginal revenue is higher than it was previously. | |d. |All of the above are correct. | ANS:DPTS:1DIF:3REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Interpretive 21. A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive. Then, the price falls to $18, and the firm makes whatever adjustments are necessary to maximize its profit at the now-lower price. Once the firm has adjusted, its |a. quantity of output is lower than it was previously. | |b. |average total cost is lower than it was previously. | |c. |marginal cost is higher than it was previously. | |d. |All of the above are correct. | ANS:APTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competit ionTOP:Competitive firms MSC:Interpretive 22. A competitive firm has been selling its output for $10 per unit and has been maximizing its profit. Then, the price rises to $14, and the firm makes whatever adjustments are necessary to maximize its profit at the now-higher price. Once the firm has adjusted, its |a. |marginal revenue is lower than it was previously. | |b. |marginal cost is lower than it was previously. | |c. quantity of output is higher than it was previously. | |d. |All of the above are correct. | ANS:CPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Interpretive 23. When profit-maximizing firms in competitive markets are earning profits, |a. |market demand must exceed market supply at the market equilibrium price. | |b. |market supply must exceed market demand at the market equilibrium price. | |c. |new firms will enter the market. | |d. |the most inefficient firms will be encouraged to leave the market. | ANS:CPTS:1DIF:2REF:14-2 NAT:Ana lyticLOC:Perfect competitionTOP:Competitive markets MSC:Interpretive Table 14-7Suppose that a firm in a competitive market faces the following revenues and costs: | |Marginal |Marginal | |Quantity |Cost |Revenue | |12 |$5 |$9 | |13 |$6 |$9 | |14 |$7 |$9 | |15 |$8 |$9 | |16 |$9 |$9 | |17 |$10   |$9 | 24. Refer to Table 14-7. If the firm is currently producing 14 units, what would you advise the owners? |a. |decrease quantity to 13 units | |b. |increase quantity to 17 units | |c. |continue to operate at 14 units | |d. increase quantity to 16 units | ANS:DPTS:1DIF:1REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative 25. Refer to Table 14-7. If the firm is maximizing profit, how much profit is it earning? |a. |$0 | |b. |$1 | |c. |$10 | |d. |There is insufficient data to determine the firm’s profit. | ANS:DPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit MSC:Applicative Table 14-8Suppose that a firm in a competitive market faces the following revenues and costs: |Quantity |Total Revenue |Total Cost | |0 |$0 |$3 | |1 |$7 |$5 | |2 |$14 |$8 | |3 |$21 |$12 | |4 |$28 |$17 | |5 |$35 |$23 | |6 |$42 |$30 | |7 |$49 |$38 | 26. Refer to Table 14-8.The firm will not produce an output level beyond |a. |4 units. | |b. |5 units. | |c. |6 units. | |d. |7 units. | ANS:CPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative 27. Refer to Table 14-8. The firm will produce a quantity greater than 4 because at 4 units of output, marginal cost |a. |is less than marginal revenue. | |b. |equals marginal revenue. | |c. |is greater than marginal revenue. | |d. |is minimized. | ANS:APTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative 28. Refer to Table 14-8. In order to maximize profits, the firm will produce |a. |1 unit of output because marginal cost is minimized. | |b. 4 units of output because marginal revenue exceeds marginal cost. | |c. |6 units of output because marginal revenue equals marginal cost. | |d. |8 units of output because total revenue is maximized. | ANS:CPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative Table 14-9 Suppose that a firm in a competitive market faces the following revenues and costs: |Quantity |Total Revenue |Total Cost | |0 |$0 |$10 | |1 | $9 | $14 | |2 $18 | $19 | |3 |$27 | $25 | |4 |$36 | $32 | |5 |$45 | $40 | |6 |$54 | $49 | |7 |$63 | $59 | |8 |$72 | $70 | |9 |$81 | $82 | 29. Refer to Table 14-9. If the firm produces 4 units of output, |a. |marginal cost is $4. | |b. |total revenue is greater than variable cost. | |c. |marginal revenue is less than marginal cost. | |d. |the firm is maximizing profit. | ANS:BPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Competitive firms MSC:Analytical 30. Refer to Table 14-9. At which quantity of output is marginal revenue equal to marginal cost? |a. 3 units | |b. |6 units | |c. |8 units | |d. |9 units | ANS:BPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative 31. Refer to Table 14-9. In order to maximize profit, the firm will produce a level of output where marginal revenue is equal to |a. |$6. | |b. |$7. | |c. |$8. | |d. |$9. | ANS:DPTS:1DIF:2REF:14-2NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative 32. Refer to Table 14-9. In order to maximize profit, the firm will produce a level of output where marginal cost is equal to |a. |$5. | |b. |$7. | |c. |$9. | |d. |$10. | ANS:CPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative 33. Refer to Table 14-9. The maximum profit available to the firm is |a. |$2. | |b. |$3. | |c. |$4. | |d. |$5. | ANS:DPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative 34. Refer to Table 14-9. If the firm’s marginal cost is $11, it should |a. |increase production to maximize profit. | |b. increase the pri ce of the product to maximize profit. | |c. |advertise to attract additional buyers to maximize profit. | |d. |reduce production to increase profit. | ANS:DPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Analytical 35. Refer to Table 14-9. If the firm’s marginal cost is $5, it should |a. |reduce fixed costs by lowering production. | |b. |increase production to maximize profit. | |c. |decrease production to maximize profit. | |d. |maintain its current level of production to maximize profit. | ANS:BPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Analytical Table 14-10Suppose that a firm in a competitive market faces the following revenues and costs: |Quantity |Total Revenue |Total Cost | |0 |$0 |$3 | |1 |$7 |$5 | |2 |$14 |$9 | |3 |$21 |$15 | |4 |$28 |$23 | |5 |$35 |$33 | |6 |$42 |$45 | |7 |$49 |$59 | 36. Refer to Table 14-10. The marginal cost of producing the 4th unit is |a. |$7. | |b. |$8. | |c. |$10. | |d. | $23. | ANS:BPTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Marginal cost MSC:Applicative 37. Refer to Table 14-10. At which level of production will the firm maximize profit? |a. |3 units | |b. |4 units | |c. |5 units | |d. 6 units | ANS:APTS:1DIF:2REF:14-2 NAT:AnalyticLOC:Perfect competitionTOP:Profit maximization MSC:Applicative 38. Refer to Table 14-10. If the firm produces the profit-maximizing level of production, how much profit will the firm earn? |a. |$2 | |b. |$4 | |c. |$6 | |d. |$8 | ANS:CPTS:1DIF:2REF:14-2