M2: compare the challenges to selected business activities within a selected organisation‚ in two different economic environments. Describe the influence of two different economic environments on business activities within a selected organisation. Consider topics such as income‚ growth‚ level of development‚ demand and supply to highlight the differences. You should have selected a business which is internationally active (at least in two different economic environments). Environment
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The Ideas of Classical Economists and its Present Contributions Student ID: B1001804 Lecturer : Dr James Nayagam Synopsis The purpose of this work is to examine and understand the main thoughts of prominent economists during the classical period‚ namely Adam Smith‚ Thomas Malthus‚ David Ricardo‚ Jeremy Bentham and John Stuart Mill. It is also included the comparison of ideas between these masters and last but not least‚ the contributions of these ideas in today’s context
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Answer: B 6) When economists assume that people are rational and respond to incentives‚ they mean: E) people act with kindness. F) people are altruistic. G) people act in their own self‑interest. H) none of the above Answer: C 7) Ceteris paribus is the Latin expression meaning: A) let buyer beware. B) think at the margin. C) for every action there is an equal and opposite reaction. D) other variables are held fixed. Answer: D 8) The slope of a straight line is A) the variab
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Question 3: What will happen to the equilibrium price and quantity of butter in each of the following cases? Illustrate with a diagram and explain whether demand or supply (or both) have shifted and in which direction. (In each case‚ assume ceteris paribus). (a) A rise in the price of magarine; (1 mark) (b) A rise in the demand for yoghurt; (1 mark) (c) A rise in the price of bread; (1 mark) (d) A rise in the demand for bread; (1 mark) (e) An
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1. F. James McDonald the former president of the US automobile workers federation suggested an average reduction of 4% in the price of the car. The automobile market was weak‚ which resulted in unemployment. Lower price would lead to greater sales and stimulate employment. McDonald believed that a 4% reduction in price would increase sales by 16%.David black‚ representing the management of the automobile manufacturers disagreed with McDonald’s estimation. Black cited studies which indicated price
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contends with a liquidity mismatch between its assets (low liquidity) and its liabilities (high liquidity). Diminishing this mismatch enables a bank to meet its depositors demands but at a cost (less liquid assets must pay a higher rate of return‚ ceteris paribus‚ than highly liquid assets). 2. How do banks minimize liquidity risk? Is there a tradeoff between liquidity risk and interest rate risk? Banks and other depository institutions share liquidity risk because transactions deposits and savings accounts
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5/14/2014 Effect of Family Friendly Practices on Labor Productivity Research Project Econometrics FINN 350 Muhammad Asim Group 5 Sana Iqbal Sonia Daryani Sidra Khan Shiraz Sabri 1 Abstract In this report‚ we evaluate and discuss the effects of family friendly workplace practices on labor productivity. We use a sample of around 450 individuals‚ across 4 countries (USA‚ UK‚ France and Germany) and 24 different industries. The relation between labor productivity and FFWP is
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1a) Explain how the different features of monopolistic competition and oligopoly affect price and output determination in these market structures. Both monopolistic competition (MPC) and oligopoly generally determine price and output based on the profit-maximising condition that marginal cost (MC) equals to marginal revenue (MR). Due to the different features of both monopolistic competition and oligopoly such as the barriers to entry (BTE)‚ which affects the number of sellers as well as market
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balanced at a price and quantity that is most beneficial to both buyers and sellers. 4. Market Price: full price paid by the purchaser for goods and services (includes taxes) 5. Ceteris Paribus: “all things remaining constant” (Latin phrase) used to illustrate many concepts in economics 6. Law of Demand: ceteris paribus‚ consumer demand will decrease as price increases‚ and consumer demand will increase as price decreases. 7. Law of Supply: quantity supplied is directly proportional to price‚ so
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Principles of Microeconomics‚ 8e (Case/Fair) Chapter 7: The Production Process: The Behavior of Profit-Maximizing Firms The Behavior of Profit Maximizing Firms Multiple Choice Refer to the information provided in Figure 7.1 below to answer the questions that follow. Figure 7.1 1) Refer to Figure 7.1. Panel _____ represents the demand curve facing a perfectly competitive producer of wheat. A) A B) B C) C D) D Answer: B Diff: 2 Type: A 2) Jerry sells cherry sno-cones
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