Hal Varian Notes That for Business People

question 31

Multiple Choice

Hal Varian notes that for business people

• A) the ability to handle data will be important for decades to come.
• B) learning about technology is not important.
• C) information technology does not change business.
• D) basic computer skills will be important for decades to come.
• E) information systems do not affect the way we work.

Describe the structure and reactivity of carbenes.

Compare the reactivity of primary, secondary, and tertiary hydrogens in free radical reactions.

Estimate product distribution in radical halogenation reactions.

Illustrate the effects of organic molecule structure on reaction outcomes in halogenation.

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Definitions:

Marginal Product

The growth in output due to an extra unit of input.

Perfectly Competitive

A market structure where numerous small firms sell identical products, there’s free entry and exit, and no single firm can influence the market price.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good or service changes as production volume changes.

Variable Input

Any resource for which the quantity used in production can vary as the level of output changes.