University of Westminster BEQM601 Economic Theory and Policy Solution guide for problem set 3A Problem 1 (a) Because Holly spends 40% of her income for good 1 no matter what happens to her income or to the prices‚ her optimal expenditure share is fixed. So for Holly [pic]. For Holly‚ the optimal demands are therefore: [pic]. For Holly‚ optimal demand for good 1 depends on the income and the price of good 1‚ but does not depend on the price of good 2. Optimal demand for good 2 depends
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Sleep deprivation is a major problem‚ especially among us teenagers. We tend to ignore our body’s needs in order to cram for that test tomorrow or to do some other project that we’ve been putting off. I’m guilty of doing this and I am sure some of you are as well. However‚ sleep deprivation affects us more than we know. Sleep deprivation usually results in minor consequences‚ but the has potential to majorly impact your health. Several minor health issues include being more susceptible to cold
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where it is a small island and the demand of water is increasing year by year. Waste water in Bahrain started to occur by human activities of companies‚ agriculture and can include a wide range of pollution. Water is an important thing‚ therefore solutions should be made and to be delivered to the citizens of the importance of water nowadays. There is a limited awareness of Bahraini citizens about water limitations‚ they are using it without any concentrations or thinking. Lots of percentages water
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Have you ever lost someone to a drunk driver? In 2010 10‚288 American’s lost their lives due to a drunk driver (Reference: www.centurycouncil.org/drunk-driving/drunk-driving-fatalities-national-statistics). Right now laws in place only punish those who are who are caught driving under the influence of alcohol. What if it could be prevented before anyone can get behind the wheel of a vehicle after consuming alcohol. Why wait for an alcohol related incident to happen when it could be prevented. Anyone
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What this has meant is that many people are spending many hours on the computer at work and then again at home. As a result‚ there has been a significant increase in the reporting of health problems related to the use of computers. So‚ with the increasing use of computers‚ computer related-vision problems are affecting a growing number of individuals. Visual symptoms include: eyestrain‚ blurred or double vision‚ headaches‚ red or irritated eyes‚ and color perception changes. Other individuals may
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Problem Solution Essay Drug abuse is widespread throughout the world. Every society‚ age‚ social class‚ and family has been affected by drug addiction. The government spends billions of dollars trying to regulate drug use‚ treat addicts‚ and battle drug-related crime. Drugs affect nearly everyone and need to be fought better. Drug abuse causes many struggles for families and communities. Addicts are often too sick‚ to function as normal‚ liable members of a family or of society ("Addiction
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Physics 110 Spring 2006 2-D Motion Problems: Projectile Motion – Their Solutions 1. A place-kicker must kick a football from a point 36 m (about 40 yards) from the goal‚ and half the crowd hopes the ball will clear the crossbar‚ which is 3.1m high. When kicked the all leaves the ground with a speed of 20 m/s at an angle of 530 to the horizontal. 1. Does the ball clear or fall short of the crossbar? 2. Does the ball approach the crossbar while still rising or while falling? (a) From our equations
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Since 2000 the Stock market valuation of the ‘Big Pharma’ companies has dropped sharply. Discuss the causes of the pharmaceutical industry’s current problems and steps that companies are taking to tackle them. By Ali Asgar Kagzi In 1990s‚ pharmaceutical companies were one of the leading shareholder value creators at the stock market. By 1998 the P/E ratio of the Big Pharma companies was twice that of the global stock market and there was a sudden rush among the investors to have a share of
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Problem Solution: USA World Bank This paper will discuss the problems and solutions of USA World Bank (UWB) whom is a major bank with both an international and domestic presence. UWB has branch locations nationwide and enjoys a large consumer and small business base‚ and has been successful in several worldwide ventures. However‚ like all international organizations‚ UWB feels the need to develop profitable new products that will continue to expand its market share. Though new products rollouts
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access to effective treatment [source: WHO]. Even though many people don’t realize it‚ there is an abhorrent problem with depression among teens in the United States. In fact‚ “11% of adolescents have a depressive disorder by age 18‚” according to the National Institute of Mental Health’s website. This statistic may not seem like a lot‚ but it means that 11% of teens have a serious problem; they feel like this frequently‚ yet still go on‚ in most cases without treatment. Although feeling depressed
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