Problem Set # 3 Solutions Chapter 7 #2 a) The production function in the Solow growth model is Y = f(K‚L)‚ or expressed in terms of output per worker‚ y = f(k). If a war reduces the labor force through casualties‚ the L falls but Capital-labor ratio k = K/L rises. The production function tells us that total output falls because there are fewer workers. Output per worker increases‚ however‚ since each worker has more capital. b) The reduction in the labor force means that the capital stock
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ENTRY MODES The choice of entry mode can be based on the expected contribution to profit. Choosing the right market entry mode(s) is one of the most decisive factors that can influence company’s success in a foreign market. Export modes 1In establishing export channels Carlsberg has to decide which functions will be the responsibility of external agents and which will be handled by the firm itself. While export channels may take many different forms‚ for the purpose of simplicity three major
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Total marks on the exam are 100 allocated as follows: Section I Marks Achieved 9 Multiple Choice Questions 3 marks each for a total of 27 marks II Short Answer Questions 18 marks III Problem 1: Job Costing 13 Marks Problem 2: Process Costing 12 marks Problem 3: CVP Problem 15 marks Problem 4: ABC Problem 15 marks Totals 100 marks possible Your Signature First Name Last Name (Printed) Your Student Number (Printed) Section I: 9 Multiple Choice Questions (3 marks each‚ 27 marks in total)
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Migration Themes in Caribbean Literature: More Social Problems than Solutions Migration is a prominent theme within Caribbean literature. Despite the migrants’ initial perceptions of good fortune‚ the foreign countries are invariably a place of social inequalities and uncertainty. This paper discusses the varying ways in which migration is portrayed through the medium of Caribbean writing. Migration is exhibited in novels‚ short stories‚ and poems. Migration itself is portrayed with curiosity
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Week 2 Discussion 1: "VPN Solutions" Please respond to the following: •Imagine you are a consultant called upon by a large U.S. corporation having more than 10‚000 employees nationwide. You are asked to implement a VPN solution for remotely located employees to access the same corporate resources as they could from their desktops at work. Describe‚ in order‚ the types of questions you would ask their management and IT personnel in an information-gathering session before providing them a plan
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Solution to Tutorial 4 Given: F = 1000 kg-mole/hr‚ xF = 0.20 (ethanol is MVC) Feed is saturated liquid‚ thus q = 1.0 xD = 0.80‚ xB = 0.02 (maximum); R = 5/3 First‚ plot the equilibrium curve using the VLE data given. Note that you need to convert mole% ethanol into mole fraction. Then‚ apply the McCabe-Thiele method to find the number of theoretical (equilibrium) trays required for the separation. Step 1: Since R and xD are known (5/3‚ and 0.80 respectively)‚ plot the ROL equation - it
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Scenario Solution Jennifer Hinkley HSM/220 November 20‚ 2011 Ruth Anne Ristow Axia College of University of Phoenix More and more students are dropping out of high school each year. The need to obtain the funds to open up programs that will make sure that these former students can gain the educational skills they need for their future careers. Having an education will ensure that careers is kept. The plan will take a lot of work‚ understanding‚ and communication from all parties. The students
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Solutions for Baby Dumping Problem Nowadays‚ baby dumping cases always an issue at newspaper‚ magazine and also internet. Every day‚ the numbers of baby dumping cases increase and these cases can worry us. We cannot imagine there are people who are willing the baby dumping and them leave their babies die at place that we cannot imagine like dustbins‚ rivers and travelling bags. They do not feel their behaviour is wrong because they throw their own babies‚ while the animals still loved their
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grocery business for many years with a large chain of small stores‚ she just recently opened the first of a new type of store called The SM Superstore. The idea behind this new concept is to provide a huge store with numerous types of brands available and fast‚ friendly service. This first store is being used to test the layout and operating procedures for a large chain of superstores that Sue expects to build. The first store has been open for six months‚ and Sue is still having a problem staffing
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Company Background & The Issue At Hand NetFlix.com‚ the world’s largest online DVD rental company‚ was founded by Reed Hastings and Marc Randolph in 1997‚ and is headquartered in Los Gatos‚ California. The company started its online DVD rental business by launching Netflix.com‚ offering pay-perDVD rental services by delivering DVDs via mail. As the company prospered during late 1999‚ NetFlix replaced its pay-per-DVD revenue model with a fixed monthly fee system that allowed customers to rent up
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