the (3) Income Spent column. This will allow you to solve for consumer equilibrium.] Price (per unit): S1O.0O MU (cr)/s SARAH’STOTAL INEOME P-rjeE@_Ss.00 AVlttLAEl.E: $50 lncome Spent a ru (cr) MU (cr) 0 0 0 10 260 5 L 50 50 8 248 10 2 90 40 6 225 20 L22 32 4 183 24 4 150 2a 2 L23 4a 5 L76 26 0 0 0 TU (CL+S) a ru (s) MU (s) MU (s)/s (A) Which combination of clothing and shoes maximizes Sarah’s utility? How did you arrive at this answer? ln other words
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the following quotes‚ calculate if she can make a profit (show your workings): National Australia Bank quotes NZD/SBD 5.7796 – 5.8241 Citibank quotes NZD/SGD 1.0148 – 1.0156 Commonwealth Bank quotes SGD/SBD 5.6928 – 5.7371 S(NZD/SBD) 5.8241 S(NZD/SGD) 1.0156 S(SGD/SBD) 5.7371 #1: Start with NZD to SGD Step 1: NZD/SGD = 9‚846‚396 Step 2: SGD/SBD = 56‚489‚759 Step 3: SBD/NZD = 9‚699‚311 In this scenario there is no arbitrage profit made as there is a loss. #2: Start with NZD to
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THE IMPEDIMENTS OF ECONOMIC INTEGRATION IN AFRICAN ECONOMIES NARKMANEE THITIKARN 20TH MARCH‚ 2013 THE IMPEDIMENTS OF ECONOMIC INTEGRATION IN AFRICAN ECONOMIES Introduction Economic integration is an economic agreement between regions characterized by removal or reduct ion or barriers to trade and harmonization of fiscal and monetary policies. The main aim of economic integration is not only to reduce costs for producers and consumers but also to increase the volume of trade among the
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In the world of economics‚ the two main recognizable concepts are supply and demand. These two simple lines influence the factors in the free market. This paper examines how the laws of supply and demand influence the process of reaching market equilibrium for USB flash drives. Law of Supply The law of supply states that‚ “other things equal‚ firms will produce and offer for sale more of their product at a high price than at a lower price” (McConnell‚ Brue‚ & Flynn‚ p. 54). The basic determinants
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AQA GCSE Science: P1a 1.1 How can science help us see in the dark? AQA Specification Link • Thermal (infra-red) radiation is the transfer of energy by electromagnetic waves. • All bodies emit and absorb thermal radiation. • The hotter a body is the more energy it radiates. Learning Objectives Students should learn: • The nature of thermal radiation. • That the amount of thermal radiation emitted increases with the temperature of the object. Teaching / Learning activities (including How
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Projection is of two types – forward and backward. It is a forward projection of data variables‚ which is named forecasting. By contrast‚ the backward projection of data may be named ‘back casting’‚ a tool used by the new economic historians. For practical managers concerned with futurology‚ what is relevant is forecasting‚ the forward projection of data‚ which supports the production of an event. Thus
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|STATE OF NEW JERSEY DEPARTMENT OF LAW & PUBLIC SAFETY DIVISION ON CIVIL RIGHTS DOCKET NUMBER: FEDERAL CHARGE#: | | | |) | | |Frederick John Katz‚ III‚ |) |Verified Complaint | | |) |Received and Recorded
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points A firm that seeks to maximize its revenue is most likely to adhere to which of the following? Answer Selected Answer: MR =0 Correct Answer: MR =0 Question 4 10 out of 10 points Assume a perfectly competitive firm ’s short-run cost is TC = 100 + 160Q + 3Q2. If the market price is $196‚ what should it do? Answer Selected Answer: produce 6 units and continue operating Correct Answer: produce 6 units and continue operating Question 5 10 out of 10 points
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Brief Historical Timeline Brief Historical Timeline of the Hacienda Luisita Land Dispute Spanish Period Hacienda Luisita was once owned by the “Compañía General de Tabacos de Filipinas‚” also known as “Tabacalera”‚ founded in November 1881 by Don Antonio López y López‚ a Spaniard from Santander‚ Cantabria‚ Spain. Lopez acquired the estate in 1882‚ a year before his death‚ and named it “Hacienda Luisita” after his wife‚ Luisa Bru y Lassús. Lopez was considered a financial genius and the “most
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is at max point Managers take production right up to the point where TC=TR; if they can [2] Oligopolies can benefit most from going past the profit maximising output because it gives them a market share advantage over their competition. The economic climate can affect managers’ ability to deploy this tactic. If a recession is on the cards then shareholders will be anxious and keeping them and profits high will be a priority to which managers must abide to keep their position. The Downsides:
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