Microeconomics I Homework#1 Answer Key Fall 2009 I. Multiple choice question 1 2 3 4 5 6 7 8 9 10 D C C A A D D B A C 11 12 13 14 15 C C A B C 1) Who or what is responsible for the allocation of scarce resources into the production of most goods in the U.S.? A) the American government B) the UN C) the Federal Reserve Bank D) markets and prices Answer: B 2) Which of the following is an example of a normative statement?
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marketing E- marketers formulate objectives‚ usually setting multiple objectives‚ they may use an objective strategy matrix to guide implementation. So the e-marketing strategy was implementation and e-marketers design e-marketing strategies for the 4Ps and relationship management (tier 2 strategies). Tier 2 strategies is which design the offer‚ value‚ distribution‚ communication and market/partner relationship management strategies. It use to modify objectives as warranted. The offer: product strategies
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Econ 2350 Midterm Exam‚ July 13th‚ 2010 True/False (total 20 points; 1 point per question) Indicate whether the statement is true or false. Please mark 0 for False and 1 for True. ____ ____ ____ ____ ____ 1. If the price of leeks falls by $2 per pound‚ then the demand for leeks will rise by 10 pounds. Therefore we can conclude that the demand for leeks is elastic. 2. Marginal revenue is equal to price if the demand curve is horizontal. 3. If there is a price increase for a good that Marilyn consumes
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Product Promotion ‘Marketing Mix’ 4Ps of Marketing Place Price PRODUCT STRATEGIES Branding strategies Be the best quick service restaurant experience. McDonald’s mission By providing quality‚ service‚ cleanliness and value that make every customer in every restourant SMILE. McDonald’s changed from time to time for keeping up itself with changing time and demand. It is not only change its look and attire for re-building its brand with a new get up‚ but also come out with new products and
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superior to the diaphragm. The base of the heart is located along the body’s midline with the apex pointing toward the left side. Because the heart points to the left‚ about 2/3 of the heart’s mass is found on the left side of the body and the other 1/3 is on the right. Anatomy of the Heart Pericardium The heart sits within a fluid-filled cavity called the pericardial cavity. The walls and lining of the pericardial cavity are a special membrane known as the pericardium. Pericardium is a type of
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Meanings and Definition of Demand: The word ’demand’ is so common and familiar with every one of us that it seems superfluous to define it. The need for precise definition arises simply because it is sometimes confused with other words such as desire‚ wish‚ want‚ etc. Demand in economics means a desire to possess a good supported by willingness and ability to pay for it. If your have a desire to buy a certain commodity‚ say a car‚ but you do not have the adequate means to pay for it‚ it will
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21 : Theory of Cost 1 Recap from last Session Production cost Types of Cost: Accounting/Economic Analysis Cost –Output Relationship Short run cost Analysis Prof. Trupti Mishra‚ School of Management‚ IIT Bombay Session Outline The Long-Run Cost-Output Relations Break-Even Analysis: Linear Cost and Revenue Functions. Break-Even Analysis: Non-Linear Cost and Revenue Function Prof. Trupti Mishra‚ School of Management‚ IIT Bombay long-run is a period for which all inputs
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Animal vs. Plant: Proteins Inequality Valerie Curren Breckinridge School of Nursing @ ITT Professor Washington EN1320- Composition 1 Our bodies must have protein to survive. Protein forms many body structures‚ including muscles‚ skin‚ and hair‚ and maintains and replaces tissues in your body. We get our protein from the food we consume but not all protein is created equally. Most people associate protein with meat but protein can be found in plant based foods too. The U.S. recommended daily
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Subject Review Questions and Solutions 1. Capital markets may operate under auction‚ over-the-counter or intermediated modes. Distinguish between these types of operation. Auction markets require the financial asset to be identical in terms of risk and cashflow & liquidity – the assets are then traded on a centralised exchange where all parties know prices – an example is the stock exchange – each share in a particular company is identical to all the others therefore you can have an auction
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His Lamp. Its always dark under the lamp. Life is a temporary but hard camp. You have trials‚ to prove your length. When it’s fire‚ you see your strength. You burn or you go higher. You turn or become fighter. But I chose to go higher. Thats why wanted a fighter. At last he gave me a power. With the pen I make a flower. Its colours spreads a powder. Its fragrance makes a tower. I’m happy‚ to change the shower. It was rainy‚ miserable and darker. People usually like my light. It often
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