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    <title>Business Group at eNotes</title>
    <link>http://www.enotes.com/business/group</link>
    <description>The latest discussion, including questions and answers, from the Business Group at eNotes.</description>
    <lastBuildDate>Wed, 11 Nov 2009 19:59:54</lastBuildDate>
    <language>en-us</language>
    <item>
        <title><![CDATA[Yes and no. First, let's talk about the no. Natural intelligence is not...]]></title>
        <link>http://www.enotes.com/business/q-and-a/does-economics-explain-why-some-students-smarter-115023</link>
        <description><![CDATA[Yes and no. First, let's talk about the no. Natural intelligence is not based on economics in the strictest sense. With that said, however, economics does play an important role. If a person has money, then they are able to go to better schools, get better help, and get to experience more of the world. These privileges are enormous and incalculable, and they will help in the area of intelligence.
Let's flip things around. If a person was born...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/does-economics-explain-why-some-students-smarter-115023</guid>
        <pubDate>Wed, 11 Nov 2009 19:59:54 PST</pubDate>
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        <title><![CDATA[Bill Gates is one of the richest men in the world. So, he is not only...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-bill-gates-richer-tahn-am-115027</link>
        <description><![CDATA[Bill Gates is one of the richest men in the world. So, he is not only richer than you, but practically everybody else. Part of the reason is that he is certainly a remarkable man with incredible drive. In addition, he was at the right place at the right time. There are some variables that are completely our of our control. For example, what if Bill Gates was born in a poor third world country with no access to computers? I highly doubt he...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-bill-gates-richer-tahn-am-115027</guid>
        <pubDate>Wed, 11 Nov 2009 19:53:25 PST</pubDate>
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    <item>
        <title><![CDATA[It is common for people to think that they will never use a certain...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-do-students-need-learn-calculus-school-115029</link>
        <description><![CDATA[It is common for people to think that they will never use a certain subject in life, whether it be calculus, geometry or biology. And the truth of the matter is that this might be true. However, these subjects serve a different function as well. They enable a person to develop their mental capacity to think well and think critically. So, the real question is this: does calculus develop a person's mind? And the answer is pretty clear - yes....]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-do-students-need-learn-calculus-school-115029</guid>
        <pubDate>Wed, 11 Nov 2009 19:46:55 PST</pubDate>
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        <title><![CDATA[That just depends on what you want to do for a career.
If you want to be...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-do-students-need-learn-calculus-school-115029</link>
        <description><![CDATA[That just depends on what you want to do for a career.
If you want to be a history professor, there's not a lot of use for calculus.  Same if you want to be a city planner.
But there are a lot of occupations where calculus is pretty useful. Economists need to use calculus.  So do engineers.  So do physicists.
So the usefulness (or lack thereof) of calculus totally depends on what you want to major in or what you want to do for a career.]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-do-students-need-learn-calculus-school-115029</guid>
        <pubDate>Wed, 11 Nov 2009 19:18:46 PST</pubDate>
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        <title><![CDATA[There are a couple of ways to understand this question.
Can economic...]]></title>
        <link>http://www.enotes.com/business/q-and-a/does-economics-explain-why-some-students-smarter-115023</link>
        <description><![CDATA[There are a couple of ways to understand this question.
Can economic analysis tell us why some students succeed?  Here, the answer is no -- at least not on any individual level.  There's no way to use economic thinking to predict which student will be smarter than which other student.  We can't look at the supply and demand for good students or anything like that.
Is economic status responsible for causing some students to succeed and...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/does-economics-explain-why-some-students-smarter-115023</guid>
        <pubDate>Wed, 11 Nov 2009 19:14:28 PST</pubDate>
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    <item>
        <title><![CDATA[Keep in mind that economics can not fully explain individual-level...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-bill-gates-richer-tahn-am-115027</link>
        <description><![CDATA[Keep in mind that economics can not fully explain individual-level phenomena.  The discrepancy between the two of you may just be because of luck, or because you're lazy, or something that can't be accounted for in economics.
Economically speaking, though, the likely explanation is that he has skills that are rarer and/or in more demand than yours.  The laws of supply and demand say that prices are high for things that have either low supply...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-bill-gates-richer-tahn-am-115027</guid>
        <pubDate>Wed, 11 Nov 2009 19:10:45 PST</pubDate>
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        <title><![CDATA[WHY DO STUDENTS NEED TO LEARN CALCULUS IN SCHOOL?]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-do-students-need-learn-calculus-school-115029</link>
        <description><![CDATA[WHY DO STUDENTS NEED TO LEARN CALCULUS IN SCHOOL?]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-do-students-need-learn-calculus-school-115029</guid>
        <pubDate>Wed, 11 Nov 2009 19:08:11 PST</pubDate>
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    <item>
        <title><![CDATA[WHY IS BILL GATES RICHER THAN I AM?]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-bill-gates-richer-tahn-am-115027</link>
        <description><![CDATA[WHY IS BILL GATES RICHER THAN I AM?]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-bill-gates-richer-tahn-am-115027</guid>
        <pubDate>Wed, 11 Nov 2009 19:06:59 PST</pubDate>
    </item>
    <item>
        <title><![CDATA[does economics explain why some students are smarter than there peers or...]]></title>
        <link>http://www.enotes.com/business/q-and-a/does-economics-explain-why-some-students-smarter-115023</link>
        <description><![CDATA[does economics explain why some students are smarter than there peers or why some are gifted?]]></description>
        <guid>http://www.enotes.com/business/q-and-a/does-economics-explain-why-some-students-smarter-115023</guid>
        <pubDate>Wed, 11 Nov 2009 19:05:25 PST</pubDate>
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        <title><![CDATA[Lots of reasons for this.
Fatty food costs less per calorie than healthy...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-more-people-getting-fatter-according-cost-115005</link>
        <description><![CDATA[Lots of reasons for this.
Fatty food costs less per calorie than healthy food.  It's much cheaper to get a certain number of calories from junk food.
The most convenient foods (fast foods) are very unhealthy (in general).  So busy people will consume a lot of these.
There is little immediate cost to being fat.  You don't get charged extra for most things if your fat, you don't get lower pay (or at least you can't be sure that you get lower...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-more-people-getting-fatter-according-cost-115005</guid>
        <pubDate>Wed, 11 Nov 2009 18:37:58 PST</pubDate>
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        <title><![CDATA[I assume your question means "why would economists say voter turn out is...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-dont-more-people-vote-according-economics-115003</link>
        <description><![CDATA[I assume your question means "why would economists say voter turn out is low?"
Yes -- this has to do do with opportunity costs as well as a lack of benefits.  Look at the costs of voting:
Going to a given polling place at a certain time on a certain day.
Going somewhere to get registered well in advance of the election.
Spending the time to become informed about which candidates you favor.
All of these take up time that could be spent doing...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-dont-more-people-vote-according-economics-115003</guid>
        <pubDate>Wed, 11 Nov 2009 18:34:31 PST</pubDate>
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    <item>
        <title><![CDATA[Now that's a Freakonomics-type question.  One warning -- economics...]]></title>
        <link>http://www.enotes.com/business/q-and-a/acording-economics-why-celebrity-divource-rates-115001</link>
        <description><![CDATA[Now that's a Freakonomics-type question.  One warning -- economics can't predict individual behavior with any kind of certainty.  But here's a possible explanation.
What are the benefits of being married?  Potential answers would be:
financial security -- especially if one spouse makes a lot less than the other.
relatively easy access to sex
Of course there are many other benefits, but they are things like happiness that economics doesn't...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/acording-economics-why-celebrity-divource-rates-115001</guid>
        <pubDate>Wed, 11 Nov 2009 18:31:02 PST</pubDate>
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    <item>
        <title><![CDATA[WHY ARE MORE PEOPLE GETTING FATTER ACCORDING TO THE COST BENEFIT...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-more-people-getting-fatter-according-cost-115005</link>
        <description><![CDATA[WHY ARE MORE PEOPLE GETTING FATTER ACCORDING TO THE COST BENEFIT ANALYSIS IN ECONOMICS AND OTHER REASONS TIED WITH ECONOMICS THAT CAN EXPLAIN IT?]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-more-people-getting-fatter-according-cost-115005</guid>
        <pubDate>Wed, 11 Nov 2009 18:26:14 PST</pubDate>
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        <title><![CDATA[WHY DONT MORE PEOPLE VOTE ACCORDING TO ECONOMICS?SOMETHING WITH...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-dont-more-people-vote-according-economics-115003</link>
        <description><![CDATA[WHY DONT MORE PEOPLE VOTE ACCORDING TO ECONOMICS?SOMETHING WITH OPPORTUNITY COSTS?]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-dont-more-people-vote-according-economics-115003</guid>
        <pubDate>Wed, 11 Nov 2009 18:23:49 PST</pubDate>
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        <title><![CDATA[ACORDING TO ECONOMICS, WHY ARE THE CELEBRITY DIVORCE RATES SO HIGH?]]></title>
        <link>http://www.enotes.com/business/q-and-a/acording-economics-why-celebrity-divource-rates-115001</link>
        <description><![CDATA[ACORDING TO ECONOMICS, WHY ARE THE CELEBRITY DIVORCE RATES SO HIGH?]]></description>
        <guid>http://www.enotes.com/business/q-and-a/acording-economics-why-celebrity-divource-rates-115001</guid>
        <pubDate>Wed, 11 Nov 2009 18:22:57 PST</pubDate>
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        <title><![CDATA[The reason why you don't look at sunk costs can be summed up in the...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-do-economists-advise-not-look-sunk-costs-mean-114985</link>
        <description><![CDATA[The reason why you don't look at sunk costs can be summed up in the saying "there's no use crying over spilled milk."  Sunk costs are money you've already spent and no matter what you do now, there's no getting that money back.
Example:
Let's say you have a computer and its DVD drive dies and you replace it for $200.  Then you find out your whole computer is screwed up and you need to spend $1000 to fix it.  Your other choice is to buy a...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-do-economists-advise-not-look-sunk-costs-mean-114985</guid>
        <pubDate>Wed, 11 Nov 2009 18:14:55 PST</pubDate>
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    <item>
        <title><![CDATA[I hope your book says that the curve shifts to the left...
Remember that...]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-when-workers-wages-rise-there-shift-supply-114989</link>
        <description><![CDATA[I hope your book says that the curve shifts to the left...
Remember that supply is defined as how much a supplier will produce AT A GIVEN PRICE (price being how much they can sell their good for).
Supply goes down as the cost of producing the product goes up.  This makes sense because let's say you can sell a t-shirt for $5.  If you only have to pay your workers $.50 cents for each shirt, you make a lot of profit and you want to make a lot...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-when-workers-wages-rise-there-shift-supply-114989</guid>
        <pubDate>Wed, 11 Nov 2009 18:07:45 PST</pubDate>
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    <item>
        <title><![CDATA[To start with, you must remember that the average total cost is made up...]]></title>
        <link>http://www.enotes.com/business/q-and-a/average-variable-cost-curve-average-total-cost-114991</link>
        <description><![CDATA[To start with, you must remember that the average total cost is made up of the average variable cost and the average fixed cost.  Variable costs are those that vary with the amount produced (for example, the cotton that goes into t-shirts) while fixed costs remain the same no matter how many are produced (for example, the sewing machines or the building in which they are produced).
When you are only producing a few t-shirts, for example, the...]]></description>
        <guid>http://www.enotes.com/business/q-and-a/average-variable-cost-curve-average-total-cost-114991</guid>
        <pubDate>Wed, 11 Nov 2009 18:03:49 PST</pubDate>
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        <title><![CDATA[THE AVERAGE VARIABLE COST CURVE AND THE AVERAGE TOTAL COST GET CLOSER TO...]]></title>
        <link>http://www.enotes.com/business/q-and-a/average-variable-cost-curve-average-total-cost-114991</link>
        <description><![CDATA[THE AVERAGE VARIABLE COST CURVE AND THE AVERAGE TOTAL COST GET CLOSER TO EACH AS OUTPUT INCREASES.WHAT EXPLAINS THIS?]]></description>
        <guid>http://www.enotes.com/business/q-and-a/average-variable-cost-curve-average-total-cost-114991</guid>
        <pubDate>Wed, 11 Nov 2009 17:53:19 PST</pubDate>
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    <item>
        <title><![CDATA[WHY WHEN WORKERS WAGES RISE THERE IS A SHIFT IN THE SUPPLY CURVE?]]></title>
        <link>http://www.enotes.com/business/q-and-a/why-when-workers-wages-rise-there-shift-supply-114989</link>
        <description><![CDATA[WHY WHEN WORKERS WAGES RISE THERE IS A SHIFT IN THE SUPPLY CURVE?]]></description>
        <guid>http://www.enotes.com/business/q-and-a/why-when-workers-wages-rise-there-shift-supply-114989</guid>
        <pubDate>Wed, 11 Nov 2009 17:50:55 PST</pubDate>
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