Question 1 A. Identify each of the following as either a positive or a normative economic statement: a. The high temperature today was 37 degrees. b. It was too hot today. c. Other things being equal‚ higher interest rates reduce the total amount of borrowing. d. Interest rates are too high. B. In order to attract Muro John to the position of CEO of GMO Tz Seed Company Inc. Muro is given the following package (a) a signing bonus of $200‚000. (b) In addition to his salary Muro will be paid
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Congratulations‚ you are now in charge of a $100‚000‚000 corporation. Your company manufactures sensors. Sensors are devices that observe physical conditions. Your sensors are installed into the products your customers sell. Sensors are everywhere. Almost any product that has an automated function requires some sort of sensor. Your company was created when the government split a monopoly into identical competitors. When the company was a monopoly‚ operating inefficiencies and poor product
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TECHNOLOGY CREATES MORE PROBLEMS THAN IT CAN SOLVE “If communicating across continents in the blink of an eye; Cripples our mind If being able to unfold the untold depths of this universe; Cripples our mind If having all the information in the world ready at our fingertips; Cripples our mind Then‚ Yes‚ indeed Technology - Cripples our mind ” Honorable chairperson‚ respected principal(s)‚ teachers‚ members of the jury‚ my worthy opponents and not to forget my fellow mates. A Very Good Morning
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Profit and loss accounts‚ balance sheets Profit and loss accounts‚ balance sheets Two of the most important financial statements for a business are the Profit and Loss Account‚ and the Balance Sheet. The Profit and Loss Account shows the profit or loss of a business over a given period of time e.g. 3 months‚ 1 year‚ etc. In contrast‚ the Balance Sheet is like a photograph taken at an instant in time giving a picture of what the business owns and what the business owes at that moment in time
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ENGL-0102-51 Michael J. Pettengell William H Brooks III March 1‚ 2014 “Civil Divides Can Create a War within a Movement” In the quest of creating a movement many wars must be fought‚ and yet only the visible wars are recognized‚ many unseen events are absent from our history of today. The result of these wars can become a foundation‚ leaving behind bloodshed or celebration. These wars can also become civil and be fought upon the frontlines of its foundation amongst its very own pioneers
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Can control of written language create or reinforce power? By Daniel Whiting Language is the basis of communication between people‚ therefore if you ban the use of specific written language you are banning the communication of the ideas behind that language between people. People will still be able to formulate their ideas about the controversial subject but will find it difficult to spread the news on a large scale. This is because most widespread media is in written form like newspapers
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Profit Maximization Marginal revenue is the change in revenue which comes from the sale of an additional unit of output. The relationship with total revenue is that total revenue is used in the formula to calculate marginal revenue. A company can calculate marginal revenue by dividing the change in total revenue with the change in output quantity. Because of demand‚ as production quantity increases the revenue per unit will decrease. On the other hand‚ marginal cost is the change in the total
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1. Distinguish between Micro economics and Macro economics. Microeconomics may be defined as that branch of economic analysis‚ which studies the economic behavior of the individual unit‚ maybe a person‚ a particular household‚ or a particular firm. It is a study of one particular unit rather than all the units combined together. In microeconomics‚ we study the various units of the economy‚ how they function and how they reach their equilibrium. An important tool used in that of microeconomics is
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STRATEGIC MANAGEMENT COURSE NOTES Pearce II and Robinson Jr (1997) define strategic management as “the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives”. Critical tasks: Formulate the company’s mission including broad statements about its purpose‚ philosophy and goals Develop a company profile that reflects its internal conditions and capabilities Assess the company’s external environment‚ including both the
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line tentatively branded Ode d’Toade Cologne. Unit variable costs are 45 cents for a 3-ounce bottle‚ and heavy advertising expenditures in the first year would result in total fixed costs of $900‚000. Ode d’Toade Cologne is priced at $7.50 for a 3-ounce bottle. How many bottles of Ode d’Toade must be sold to break even? 5 What would be your response to the statement‚ “Profit maximization is the only legitimate pricing objective for the firm”? BUILDING YOUR MARKETING PLAN In starting to set
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