Instructors: Professor Eric Lander, Professor Robert A Weinberg, Dr. Claudette Gardel Friday 11/12/04 7.012 Quiz 3 Answers A>85 18% of test takers b 72-84 41% of test takers c 60-71 23% of test takers D 50-59 11.4% of test takers

Geothermal's Cost of Capital Weighted Average Cost of Capital (WACC) Capital Structure Required Rates of Return Big Oil's WACC SInterpreting WACC Flotation Costs

Chapter 6 presents the supply side of the market using an approach parallel to that of the demand side of the market in Chapter 5. The chapter presents the material in a way that illustrates the second core principle of the textbook, that marginal benefits should equal marginal costs Chapter 5 presents the demand curve as derived from marginal benefit and Chapter 6 presents the supply curve as derived from marginal costs

Market power-the ability of a firm to profitably raise prices above marginal cost. Sources of market power: maintenance of market power requires barriers that prohibit or restrict entry of new firms

An individual has a comparative advantage in the production of a particular good if she can produce it at a lower opportunity cost than other individuals. An individual has an absolute advantage in the production of a good if she can produce more of that good than another individual. using comparable amounts of time. raw materials and effort

Market power-the ability of a firm to profitably raise prices above marginal cost. Sources of market power: maintenance of market power requires barriers that prohibit or restrict entry of new firms

Teaching Objectives To get students imagine and describe the future world To understand the purpose of writing and organization of the text To reinforce some basic linguistic knowledge by doing various types of exercises

Like all other foods of plant or animal origin, milk contains several indigenous enzymes which are constituents of the milk as secreted. The principal constituents of milk (lactose, lipids and proteins) can be modified by exogenous enzymes, added to induce specific changes. Exogenous en- zymes may also be used to analyse for certain constituents in milk. In addition, milk and most dairy products

We shall study other examples of additions to the double bonds of alkenes. We begin with the additions of hydrogen halides, sulfuric acid, water (in the presence of an acid catalyst), and halogens

The important of acid-base reaction: 1. is a simple, fundamental reaction. 2. enable you to see the mechanism of the reaction 3. illustrate the process of bond breaking and bond making 4. examine important ideas about the relationship between the structure of molecules and their reactivity