BEO2264 MICROECONOMIC ANALYSIS TUTORIAL QUESTIONS TOPIC 1 Question 1 (a) Discuss how microeconomic theory can help to explain the effects of lowering the minimum wage for teenage employees in the retail industry (b) How is the usefulness of a theory evaluated (c) “Observation without theory and theory without observation are equally useless in explaining the complexities of the real world”. Discuss. Question 2 (a) Distinguish between positive analysis and normative analysis.
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What is the difference between micro and macroeconomics? Give an example of a microeconomic phenomenon and an example of a macroeconomic one. Micro and macroeconomics describe the same concept of economics at different levels hence they are intertwined ideas. Microeconomics is concerned with individuals in the economy like households‚ workers and business (Taylor & Greenlaw‚ 2016). It concentrates on how business establishes prices‚ how it is affected by taxes and it explains the concept of demand
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Impact of Fuel Price Deregulation in India Introduction Empowered group of Ministers on Friday‚ 25th June 2010‚ took a decision to decontrol the petrol prices increasing it by 3.50 per litre & that of kerosene by Rs 3 a litre. While petrol is mainly used by the middle class for cars‚ kerosene is used by the poor for power. Diesel prices rose by Rs 2 per litre and might be freed up in the future. Cooking gas prices were raised by Rs 35 a cylinder. Govt. has indeed taken a bold step by deciding
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statistics from the annual report and also the analysis. This report will help you on the financial analysis of David Jones Limited. We are using the annual report of 2012 to check whether or not it is a safe and reasonable for investor to investment. This report will focus on relevant key accounting standards and policies‚ as well as the financial strategy‚ which are applied in DJS’s management. In this aspect‚ accounting flexibility is main research item in our article. In addition‚ this report will
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The world cup Soccer outside the United States and Canada‚ the game of soccer is called football. Soccer is the world’s most popular game‚ with the best players meeting every four years to compete for the World Cup. It is bigger than baseball‚ American football and basketball combined. Statistics showed that a global television audience of 49 billion people tuned in to watch the 2002 World Cup (FIFA.com “Pure Football” pg.1). The World Cup is held every four years‚ hosted by a different country
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The Lycurgus Cup – A Roman Nanotechnology Ian Freestone1‚ Nigel Meeks2‚ Margaret Sax2 and Catherine Higgitt2 Cardiff School of History and Archaeology‚ Cardiff University‚ Cardiff CF10 3EU‚ Wales UK 2 Department of Conservation‚ Documentation and Science‚ The British Museum‚ London WC1B 3DG‚ UK 1 Introduction The Lycurgus Cup (fig 1) represents one of the outstanding achievements of the ancient glass industry. This late Roman cut glass vessel is extraordinary in several respects‚ firstly in
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Spring 2015 Professor Dinan Christopher Doherty‚ Luiz Franciss‚ Sydney Campbell & Raul Concepcion The Craddock Cup: Questions: Spring 2015 The purpose of this case is to illustrate the importance of understanding cost behavior in calculating the profit/contribution of the Craddock Cup. Within this context‚ the case asks whether the tournament should be continued‚ expanded or dropped. In addition‚ the case provides a vehicle to discuss allocation procedures and the concept
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The result of this is to make things less expensive. 4. How do political issues affect international business?Political issues affect international business by it helps to sell products overseas.
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Questions in macroeconomics Instructor: MA. Bui Huy Khoi Chapter 1 What is economics? Top of Form [pic] Question 1 Resources in an economy: a) Are always fixed b) Can never decrease c) Always increase over time d) Are limited at any moment in time [pic] Question 2 Human wants are: a) Always fixed ) Limited c) Unlimited d) Likely to decrease over time [pic] Question 3 The sacrifice involved when you choose
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Appendix and References 1. Consumer Price Indices 2. Income and Assets Test 3. http://www.hkdailynews.com.hk/news.php?id=277873 4. http://www.censtatd.gov.hk/hkstat/sub/so30.jsp 5. http://www.censtatd.gov.hk/hkstat/sub/so60.jsp 6. http://www.swd.gov.hk/en/index/site_pubsvc/page_socsecu/sub_comprehens/ 7. http://www.poverty.org.hk/povertydata?tid=26 8. http://www.hkcss.org.hk/policy/ gfijgioerjgeignjierogioehjdjngjdfngfkdg dfgdfgfdgfdgdfgfdgfdgdfgfdgfd
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