Macro Economic System and its Management. 1. Macro Economic Concerns: • Micro vs Macro Economics. • Major Building Blocks of Macro Economics: 1) AD & AS 2) Four Sectors: HHS‚ BS‚ GS & FTS 3) Two Markets: Commodity Market and Money Market. • Specific issues to be addressed in Macro Economics: o Rising Prices o Rising Unemployment o Falling GDP o Balance of Payments Crisis. • Tools of Macro Economic Policy and Management:
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QUESTION 1 a. A downward-sloping demand curve shows in both graphs when the quantity at each price is doubled what it was. However‚ the curve in demand for pharmaceutical drugs is drawn with a relatively steep slope as inelastic products. Equilibrium price down-sloping along the demand curve while quantity in both market increased to some extent. b. In inelastic demand of pharmaceutical drugs‚ the percentage change in price is greater than the percentage change in quantity demanded. While in elastic
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the firm is horizontal. No new firms enter or leave the industry. The number of firms in the industry‚ therefore‚ remain the same. Under perfect competition‚ the firm takes the price of the product as determined in the market. The firm sells all its output at the prevailing market price. The firm‚ in other words‚ is a price taker. Equilibrium of a Competitive Firm: The short-run equilibrium of a firm can be easily explained with the help of marginal revenue = marginal
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Dessert that is similar to Ice-cream with the healthier choice logo. This means that it is the only frozen dessert allowed it to be sold in schools around Singapore‚ resulting in the fact that Kool Werkz frozen dessert has almost no competitors in this area of the market. The production and ingredient of KoolWerkz frozen dessert is the same as normal ice-cream you can find in the market‚ the reason it is called a frozen dessert is because for it to be called “ice-cream”‚ it need to have at least
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morning Everyone. Have you ever craved ice cream‚ but didn’t have any in the freezer? Did you get sad or upset because you didn’t have any? Well you never have to experience that again! Today I will be show you how to make ice cream at home with the ingredients you have around your house. I learned how to do this in my freshman year of High school. I was taking a chemistry course and on the final day of class my professor decided to teach us how to make ice cream instead of making us take an exam. I
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Subject: Business Economics Subject Code: BUECO5903 Course Coordinator / Moderator: Paul McPhee / David Spiers Assignment A: Microeconomics Student Name: Noor Aini Faiz Student Number: 30120381 Lecturer: Dr. Ganeshamoorthy Question 1: (a) Explain and illustrate using suitable diagrams‚ the impact of external costs and
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INTRODUCTION “I scream for Ice cream!” is a popular expression widely known and used throughout all ages professing their undeniably strong love for ice cream. Who doesn’t love ice cream? Kids‚ being kids‚ love sweet treats from cakes‚ chocolates‚ brownies but most popular among all is ice cream. The cold and sweet combination of this treat makes all child tantrums go away. Adults as well see ice cream as a reward and sweet comfort food taken every once in a while to quench their sweet cravings
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Work from home new mantra for IBM employees The last time Kumar‚ a sales executive working with IBM India‚ visited his company’s registered office in Bangalore was some six months ago to get his broken attendance card replaced. Kumar‚ 35‚ is among nearly 50‚000 IBM India employees who are working from anywhere‚ but the office. "I do not have to show my face to my boss anymore‚ well at least for a few weeks or months at a stretch‚" says Kumar‚ who requested that his first name not be revealed. "I
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Everyone has different stress triggers. Work stress tops the list‚ according to surveys. Forty percent of U.S. workers admit to experiencing office stress‚ and one-quarter say work is the biggest source of stress in their lives. Stress is actually a normal part of life. At times‚ it serves a useful purpose. Stress can motivate you to get that promotion at work‚ or run the last mile of a marathon. But if you don’t get a handle on your stress and it becomes long term‚ it can seriously interfere with
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The start of ice cream has been claimed by many people. Here is a timeline of ice cream starting at the Romans! Roman (A.D 54-68) : For centuries‚ Roman Emperor Nero is said to have sent slaves to go collect snow from the mountains. They would flavor the snow with nectar‚ fruit pulp‚ and honey to make something similar to a snow cone. Though this widely told tale may be a myth this is the earliest know "ice cream" we know of. Chinese (A.D 618-907) : Ice cream dates back to China’s T’ang period
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