Public Policy

1. What is a deadweight Loss?

Deadweight loss occurs when supply and demand are not in equilibrium. When consumers do not feel the price of a good or service is justified when compared to the perceived utility, they are less likely to purchase the item. With the reduced level of trade, the allocation of resources may become inefficient, which can lead to a reduction in overall welfare within a society. Examples: Minimum wage and living wage laws can create a deadweight loss by causing employers to

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How would define concept?“concepts” are general ideas you use to organize your experience, and in doing so, bring order and intelligibility to your life.are the vocabulary of thought. Ex: changes from being bias to being more open, marriage, education, success, communication – concepts are continually being defined and redefined. Derived from the latin “boundary” you use it to classify an object,idea or experience

How would you define what “sophisticated thinker” is? Solving a problem,

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ENVIROMENT A small number of dams were built specifically for hydropower generation. While hydropower generators do not directly produce emissions of air pollutants, hydropower dams, reservoirs, and the operation of hydropower electric generators can affect the environment. obstruct fish migration, change natural water temperatures,river flow characteristics, 
ecology and the physical characteristics of the river.



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Linear Equations

The profit is the difference between the revenue (sales) and the cost, if x units are produced and sold, we can write the following: P(x) = R(x) – C(x) Where: P(x) = profit from sale of x units. R(x) = revenue from sale of x units C(x) = cost of production and sale of x units Revenue = (price per unit)(number of units)= p.q The cost is composed of two parts, fixed costs and variable costs: • Fixed costs such as rent, utilities… remain constant regardless of the number of units produced. •
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- A possible solution to the proliferation of different

protocols being used on the Internet Origins

- Tim Berners-Lee at CERN proposed the Web

in 1989

Web Browsers

Browsers are clients – always initiate, servers

react (although sometimes servers require


- Most requests are for existing documents, using

HyperText Transfer Protocol (HTTP)

Web Servers

Provide responses to browser requests, either

existing documents or dynamically built


Uniform Resource Locators

- General form:scheme:object-address


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Week 1- Cloud computing is a model for enabling ubiquitous, convenient, on demand network access to a shared pool of configurable computing resources. –  SaaS -  The consumer uses an application, but does not control the operating system, hardware or network infrastructure on which it’s running. Applications are restricted to business applications or applications that may normally installed in a business network or personal computer  Examples • Business applications: CRM  Gmail, Google Doc,

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