AGW614 Managerial Economics Lecturer : Dr. Lai Yew Wah Tutorial 3 solutions Group 5 Chan Wooi Wang ( S-GSM0028/09 ) Chu Wee Liang ( S-GSM0039/09 ) Lee Yee Ling ( S-GSM0087/09 ) Questions Q 5. What would you expect to happen to spending on food at home and spending on food restaurants during a decline a decline in economic activity ? How would income elasticity of demand help explain these things ? Q ( Demand ) QS0 Superior QI1 QI0
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of others. William Carlos Williams worked hard throughout his career to reach his goal of perfecting his own simple and modern style of poetry‚ along with the help of some friends. William lived in the era of modernism and was considered to be an imagist poet. Williams strived to write poetry that focused on modern people and everyday situations in the simplest of words. But how did the events and people in his lifetime influence the way Williams wrote poetry? William Carlos Williams poetry was
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Energy in India for the Coming Decades Anil Kakodkar Chairman‚ Atomic Energy Commission‚ India chmn@dae.gov.in The reforms initiated in India since the beginning of the nineties have led to rapid economic progress and better growth rates. In the first decade of this century the growth rates seem to be still better. Studies by several academics and consultants forecast continued high growth rate for the next several decades. I’ll quote two such studies‚ one by Dominic Wilson and Roopa
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Chapter 9 Monte Carlo methods 183 184 CHAPTER 9. MONTE CARLO METHODS Monte Carlo means using random numbers in scientific computing. More precisely‚ it means using random numbers as a tool to compute something that is not random. For example1 ‚ let X be a random variable and write its expected value as A = E[X]. If we can generate X1 ‚ . . . ‚ Xn ‚ n independent random variables with the same distribution‚ then we can make the approximation A ≈ An = 1 n n Xk . k=1
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a particular price‚ at a particular time period. Market demand refers to the sum of individual demand for a good or service. It is assumed that the demand being represented is effective demand- the ability of consumers not just to want‚ but be able to buy the product. Quantity demanded is the inverse function of price‚ however there are other factors which influence the level of demand. Factors influencing individual demand differ from the factors influencing market demand. The price of other goods
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My name is Carlos Roberto Flores Facussé and I am the presiding President of the Liberal Party. I was born on March 1‚ 1950 in the Honduran capital of Tegucigalpa to Oscar A. Flores and Margarita Facussé Flores. I am a graduate from LSU‚ getting an undergraduate in industrial engineering and a master degree in international trade and finance. While at LSU‚ I developed my leadership qualities by becoming the President of the Honduras Student Association and chartering the first and only Hispanic
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Price-to-earnings ratio (P/E) is often used for assessing the company’s stock price. P/E is determined by first calculating the earnings per shares (EPS)‚ which is the post-tax profits divides by the number of shares (Figure 1). Trailing P/E is equal to current market share price divided by trailing earnings per share for the past 12 months‚ whereas forward P/E is equal to current share price divided by expected earnings per shares for the next 12 months or next full-year fiscal period (http://www
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Walter Benjamin‚ Jewish philosopher and cultural critic‚ once said‚ “History is created by the victors.” Assuming that this belief is true‚ the question becomes what then happens to the losers? Carlo Ginzburg presents a similar notion in his book “The Cheese and the Worms.” Rather‚ his notion is “history is created by the literate.” Historically‚ the population who could read and write was limited to the well-to-do upper class. This proves to be a problem for historians who seek to know more about
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Trevor’s wife has just bought a new dress for a party‚ and tries it on to show him. He hates the colour and style‚ and thinks it makes her look awful‚ but he doesn’t want to upset her so he tells her she looks great. James is walking back from school when he sees his classmate Kyle looking terrified and being chased by a group of older lads. He sees Kyle hide behind a nearby bush‚ but when the group of boys asks James if he has seen Kyle‚ he says he hasn’t. Mrs Miller is desperate to get her son
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| Terrorism | The American Experience Since 1945 HIS 135 | | [Type the author name] | 2/16/2013 | | Why is there heavier terrorism activity in certain areas of the world? * There are many hot zones or hostile areas in the world that are more likely to have more terrorist activity. These places are in ongoing battles between regimes‚ militias‚ and terrorist group toward the majority of innocent people. The Arab countries and Islamic countries have a heavier concentration of
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