Problem 1: A project of equipment purchase of Mekong Company Ltd. has the estimated data as follows: The cost of equipment is USD 12‚000‚ the cost for transportation and installation is USD 1‚000 USD. The asset is depreciated according to a straight line depreciation scheme within 5 years. It is expected that the project can produce and sell 7‚500 units of product at the price of USD 2 per unit‚ for the first year. The operating costs for the first year (excluding depreciation) are estimated
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Week 1 (6) Introduction Chapters 1‚ 2. Problem set 1.1 a. Give a definition of the process of (economic) globalization. b. For many people‚ however‚ the globalization process is more than just economic globalization‚ and the advantages and/or disadvantages of globalization are spread over a much wider area than just international economics. Give a few examples. 1.2 a. How can globalization and international economic integration be measured (3 indicators)? b. Use the three
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Week 4 Homework Solutions: Problem Set 4 1. Determining Profit or Loss from an Investment. Three years ago‚ you purchased 150 shares of IBM stock for $88 a share. Today‚ you sold your IBM stock for $103 a share. For this problem‚ ignore commissions that would be charged to buy and sell your IBM shares. a. What is the amount of profit you earned on each share of IBM stock? The profit on each share of IBM stock was $15. $103 priced when each share was sold‚ $88 priced when each
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Economics 500 – Problem Set #3 Consider a firm producing an output Q using the two inputs “labor” (L) and “capital” (K) according to the production function Q = K.5L.5 (i.e.‚ the amount of output produced Q is equal to the square root of K times the square root of L). Suppose that the firm is in a short-run situation in which K is fixed at one unit (K = 1) but labor is variable. Suppose that the user cost of capital‚ r‚ is $48 for each unit of K and that the wage rate‚ w‚ the cost of one unit
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Confidence and arrogance “Life for both sexes — and I looked at them‚ shouldering their way along the pavement — is arduous‚ difficult‚ a perpetual struggle. It calls for gigantic courage and strength. More than anything‚ perhaps‚ creatures of illusion as we are‚ it calls for confidence in oneself. Without self-confidence we are as babes in the cradle. “ ---- Virginia Wolf‚ A room of one’s own‚ chapter 2 (1929). I was going through the writing of Virginia wolf last night
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Self confidence is the difference between feeling unstoppable and feeling scared out of your wits. Your perception of yourself has an enormous impact on how others perceive you. Perception is reality — the more self confidence you have‚ the more likely it is you’ll succeed. Although many of the factors affecting self confidence are beyond your control‚ there are a number of things you can consciously do to build self confidence. By using these 10 strategies you can get the mental edge you need to
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1 10/10/01 Fermat’s Little Theorem From the Multinomial Theorem Thomas J. Osler (osler@rowan.edu) Rowan University‚ Glassboro‚ NJ 08028 Fermat’s Little Theorem [1] states that n p −1 − 1 is divisible by p whenever p is prime and n is an integer not divisible by p. This theorem is used in many of the simpler tests for primality. The so-called multinomial theorem (described in [2]) gives the expansion of a multinomial to an integer power p > 0‚ (a1 + a2 + ⋅⋅⋅ + an ) p = p k1 k2 kn a1 a2
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Fermat’s last theorem Currently holding the world record for longest standing math problem ever‚ Fermat’s last theorem went unsolved for 365 years. Fermat’s last theorem was one of the largest white whales in the study of math. Over the centuries‚ thousands were puzzled by the impossible problem. From its conception to its solution‚ Fermat’s last theorem was one of the most difficult to solve yet easy to understand problems in mathematics. First‚ I will discuss the theorem and how it was introduced
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Answer No. 1 Production possibility curve is a particular form of curve‚ which shows the possibility of production in a particular economy (Gwartney‚ Stroup‚ Sobel‚ Macpherson p.28). In an economy‚ the resources are scarce‚ therefore‚ it is important for the economy to make sure that‚ it keeps a balance between the productions and utilizes its resources appropriately. If the production possibility curve of an economy will move outwards then‚ the long run supply curve will have a positive change
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Self-Confidence December 31‚ 02:50 Definition • Self-confidence is characterized by: assertiveness‚ optimism‚ eagerness‚ affection‚ pride‚ independence‚ trust‚ the ability to handle criticism‚ emotional maturity‚ and the ability to accurately assess our capabilities. • What is Self-Confidence? – Self-confidence primarily refers to us having a positive and realistic perception of ourselves and our abilities. – A lack of self-confidence‚ on the other hand‚ is characterized by: self- doubt‚ passivity
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