PROBLEM 1 Max has the utility function U(x‚ y) = x(y + 1). The price of x is $2 and the price of y is $1. Income is $10. How much x does Max demand? How much y? If his income doubles and prices stay unchanged‚ will Max’s demand for both goods double? To set his MRS equal to the price ratio‚ Max sets (y+1)/x = 2. His budget constraint is 2x + y = 10. Solve these two equations to find that x=11/4 and y=9/2. If his income doubles and prices stay unchanged‚ his demand for both goods does not double
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Chapter II Local Related Studies A computerized reservations and scheduling system is provided which alternately allows transportation consumers to select from pre-scheduled transportation services provided by transportation providers or to negotiate and contract with transportation providers who have available unscheduled transportation space. The system comprises a central computerized data base. Transportation providers and consumers alike access the computer via a plurality of terminal units
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"A great battle lost or won is easily described‚ understood‚ and appreciated‚ but the moral growth of a great nation requires reflection‚ as well as observation‚ to appreciate it." --Frederick Douglass‚ 1864 "So they sought first to deprive the day [Memorial Day] of any significance to the living. Only the manhood and valor of the dead were to be commemorated. The dead were to be mourned; the cause for which they died forgotten. There was no other way by which the desired object could be accomplished
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Threat of New Competition & Intensity of Competitive Rivalry Domestic competitors: According to exhibit one in the case‚ firecrackers and fireworks total revenue in China increased 36.01 percent from 2007 to 2009. As the hometown of firecrackers and fireworks in China‚ Liuyang naturally had increased revenue in firecrackers and fireworks. The revenue went up 68.33 percent from 750‚000‚000 USD to 1‚262‚500‚000 USD. Moreover‚ fireworks industry is a low- technology and traditional industry. The
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UTILITY NUMERICALS 1. A consumer divides Rs.90 to be divided between two commodities X and Y‚ and suppose the unit price of Y is fixed at Re. 0.20. What will be his demand equation for X. If his utility function is U = log Qx + 2 log Qy. 2. A consumer has a monthly budget of Rs.4000. He spends all his income on two goods A & B. Price of A and B are Rs2 and Rs.4 respectively. His utility function is U = 3 log A+ 9log B. Find the optimum combination of A & B for the consumer
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8/4/2014 Exam Details | Made Easy Call Us : 011-45124612 | Site Map Google Home IES GATE PSUs QUICK LINKS Courses News & Events OUR CENTRES : Delhi Online Admissions People Indore Archive Bhubaneswar Made Easy IES 2014 Online Test Series Enquiry Jaipur Contact Us Lucknow About Us Upcoming Batches Admissions INDIAN ENGINEERING SERVICES : IES What is IES? How to prepare for IES? IES 2014 Eligiblity IES Cut-Off Marks
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CASE related facts Western Utilities a privately owned utility company currently faced with financial inefficiencies resulting from an expansion of its facilities. President Robert Delgado has personally asked them to raise the standard of employee performance as well as setting goals that are not easily attainable. MBO is being implemented by John Givens and Hilda Hirsh to identify key standards with which to control performance. 3 year ago‚ MBO is implemented for the purpose of evaluating
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Answers to Exercises Microeconomic Analysis Third Edition Hal R. Varian University of California at Berkeley W. W. Norton & Company • New York • London Copyright c 1992‚ 1984‚ 1978 by W. W. Norton & Company‚ Inc. All rights reserved Printed in the United States of America THIRD EDITION 0-393-96282-2 W. W. Norton & Company‚ Inc.‚ 500 Fifth Avenue‚ New York‚ N.Y. 10110 W. W. Norton Ltd.‚ 10 Coptic Street‚ London WC1A 1PU 234567890 ANSWERS Chapter 1. Technology 1
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Tree Plantation Tree plantation means planting more trees in a planned way. It is very necessary to the environment. Trees are our best friends. They give us oxygen. They also give us shelter‚ shade‚ foods‚ fruits etc. They help our environment in many ways. They prevent soil erosion. They make our land fertile. They save us from droughts‚ floods‚ cyclones etc. If there are no trees our country will turn into desert. Different kinds of natural disasters will come. People will suffer from the shortage
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problems with solution code in C/C++ and Java. Binary trees have an elegant recursive pointer structure‚ so they are a good way to learn recursive pointer algorithms. Contents Section 1. Binary Tree Structure -- a quick introduction to binary trees and the code that operates on them Section 2. Binary Tree Problems -- practice problems in increasing order of difficulty Section 3. C Solutions -- solution code to the problems for C and C++ programmers Section 4. Java versions -- how binary trees work
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