CFA® Level I – Economics Demand and Supply Analysis: Consumer Demand www.irfanullah.co Graphs‚ charts‚ tables‚ examples‚ and figures are copyright 2012‚ CFA Institute. Reproduced and republished with permission from CFA Institute. All rights reserved. 1 Contents and Introduction 1. 2. 3. 4. 5. 6. Introduction Consumer Theory: From Preferences to Demand Functions Utility Theory: Modelling Preferences and Tastes The Opportunity Set: Consumption Production‚ and Investment Choice Consumer Equilibrium:
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CHAPTER 9 OLIGOPOLY AND FIRM ARCHITECTURE 1. The demand function for a product sold by an oligopolist is given below: QD = 370 – P The firm’s marginal cost function is given below: MC = 10 + 4Q Calculate the equilibrium price and quantity. Solution: P = 370 – Q so TR = 370Q – Q2 and MR = 370 – 2Q MR = 370 – 2Q = 10 + 4Q = MC so Q = 60 and P = 310 2. The demand function for a product sold by an oligopolist is given below: QD = 135 – 0.5P The firm’s marginal cost function is given
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Apple Global Supply Chain Hang Pan Agenda Company Profile Global Supply Chain Management Challenges and solutions Conclusions Apple profile Founded on April 1‚1976 by Steve Jobs‚ Ste ve Wozniak ‚ Ronald Wayne Headquarter : Cupertino‚ California 394 retailed stores worldwide Produc ts Hardware: iMac‚MacBook‚ iPhone‚ iPod‚ iPa d Software: Mac Os X‚iTunes‚ Internet brower s‚….. New product development process The whole development process is in USA. Global supply chain
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Elasticity and Supply & Demand Fill in the matrix below and describe how changes in price or quantity of the goods and services affect either supply or demand and the equilibrium price. Use the graphs from your book and the Tomlinson video tutorials as a tool to help you answer questions about the changes in price and quantity Event Market affected by event Shift in supply‚ demand‚ or both. Explain your answer. Change in equilibrium Frozen orange crops in California Orange juice Supply (left)—Not
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ORGANIZING Organizing is the process determining what the process to be done‚ how it will be done‚ and who is to do it.‚ a manger who wants t Basically‚ a manager who wants to organize hoir or her department must address these issues: 1. Determine what is to be done 2. Assigning tasks 3. Decide how achieve coordination 4. Decide on a span of management 5. Decide how much authority you should designate 6. Draw an organization chart ORGANIZATION STRUCTURE Is the basic
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PESTEL Analysis on Apple Inc. In analysing the macro-environment‚ it is important to identify the factors that might influence the organisation’s demand and supply levels and its cost (Kotter and Schlesinger‚ 1991; Johnson and Scholes‚ 1993). A PESTEL is one of the frameworks that help to understand market growth or decline‚ business position‚ potential and direction for operations (Kotler‚ 1998). PESTEL analysis is also useful when entering a new market or starting business operations in a new
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1.0 Introduction Apple was founded in 1976. It is a relatively young company; a company with its own unique philosophy as to the way things ought to be. Apple exerts significant creative influence on the technology industry. Today‚ the company has three major products: Mac computers‚ iPod music players‚ and the iPhone. In addition to these offerings‚ the company also offers operating systems‚ developer tools‚ and database software. Apple’s recent success in the marketplace is founded on a philosophy
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adopt an expansionary fiscal policy‚ which involves increased government spending and tax reduction. Tax reduction is a primary fiscal policy tool for reducing unemployment‚ increasing disposal income‚ and ultimately increasing consumption‚ aggregate demand‚ and government revenues. Increased government spending‚ especially on infrastructure‚ construction works‚ and other job creation initiatives can also reduce unemployment. Another important recommendation is the recent recommendation by the Congressional
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nonrefundable tuition of $3‚000 to take a 15-week course. Therefore‚ the opportunity cost of attending class each week is $3‚000 divided by 15‚ or $200. c. You have purchased 5 premium apples for $1.99 a pound‚ but when you get home‚ you discover they are mushy. Since you paid top dollar for these apples‚ you decide you have to eat them. 2. Briefly explain why the following statements are either TRUE or FALSE: a. Even though school dormitory rooms are rationed by lottery‚ these
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Apple Inc and the Economic Environment of Business Le Hai Hoang Cric ID: LEHP1303 Content No Title Page I Introduction 3 II History 3 III Market Structure 4 IV Supply and Demand 5 V Effect of new market regulation and condition 10 VI Globalization – effect and reaction 12 VII Recommendation 14 VIII Conclusion 15 IX References 16 I) Introduction Apple Inc – a multinational corporation is considered as one of the biggest and
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