Perfect competition Learning outcomes You should be able to: Describe the assumed characteristics of perfect competition: a large number of firms; a homogeneous product‚ freedom of entry and exit (no barriers to entry or exit); perfect information and perfect resource mobility (factors of production can move easily in and out of the market) Explain‚ using a diagram‚ the shape of the perfectly competitive firm’s average revenue and marginal revenue curves‚ indicating that the assumptions of perfect
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QNT/561: Week One Assignment Exercises 80‚ 82‚ and 87 (Ch. 3) Exercise 80* a. The times are a population because we are considering the wait times for all of the customers seated on Saturday night. b. To find the mean: µ = ∑ X N µ = 1021 25 µ = 40.84 To find the median: The midpoint value of the population is 39. c. To find the range: Range = Largest Value – Smallest Value Range = 67 – 23 Range = 44 To find the standard deviation: σ = √∑ (X - µ)2
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Week 5 Individual Assignment FIN 370 April 7‚ 2014 Problem: Firm A has $10‚000 in assets entirely financed with equity. Firm B also has $10‚000 in assets‚ but these assets are financed by $5‚000 in debt (with a 10 percent rate of interest) and $5‚000 in equity. Both firms sell 10‚000 units of output at $2.50 per unit. The variable costs of production are $1‚ and fixed production costs are $12‚000. (To ease the calculation‚ assume no income tax.) a) What is the operating income (EBIT) for
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Individual Assignment: Ethics Essay * Resources: Week One readings * Write a 350- to 700-word essay comparing the similarities and differences between virtue theory‚ utilitarianism‚ and deontological ethics. Include the following in your essay: * A description of the differences in how each theory addresses ethics and morality * A personal experience to explain the relationship between virtue‚ values‚ and moral concepts as they relate to one of the three theories * Format
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University of Phoenix Week 1 Individual assignment HRM/300 April
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Example for Individual Assignments Week 3 Individual Assignment Explanation: This sample database is for a company that performs contract work for other companies. The contract work is software development. The contracting company is hired by another organization to perform specific software development. The contracting company does not consider the software developers as employees; rather they are contractors working on contracts. The contractors do receive a check for their work from the
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Revision questions 1. Define the term “consumer rationality” and outline the conditions that must be fulfilled for consumer rationality 2. Using indifference curves derive the demand curve for a normal good. 3. With the help of a diagram distinguish between the income effect and substitution effect of change in the price of a normal good. 4. Using an illustration‚ explain the concept of market equilibrium
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1. What is the intended role of each of the institutions and intermediaries discussed in the case for the effective functioning of capital markets? In an effective functioning of capital markets‚ the institution and intermediaries help investors and companies to make decisions. This is because they do not have enough information or infrastructure to know how the capital markets work. In details‚ here are the examples of role of players in the institutions and intermediaries. Venture capitalist:
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Male & female sex organs (gut can only accommodate 1 tapeworm) - Number of eggs produced (increase chance of survival) - Eggs have resistant shells (survive until eaten) Dormant embryos can form cysts in organs - damage surrounding tissue BY2 revision Page 1 Adaptions to different diets 21 May 2011 10:53 Reptiles & Amphibians = swallow food whole Mammals = cut up and chew (palate separates nasal cavity & mouth - kept in mouth longer) Carnivore = short gut (easily digest protein) Herbivore
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ACCA REVISION MOCK Financial Reporting (International) December 2011 Question paper Time allowed Reading and planning: 15 minutes Writing: 3 hours All FIVE questions are compulsory and MUST be attempted. Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. Kaplan
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