Assignment 4 QMT732 November 2014 Question 1 a) Consider the Cobb-Douglas production function: log Yi log 1 2 log X 2i 3 log X 3i ui where Y= Output‚ X 2 = Labour input‚ X 3 = Capital input‚ u = stochastic disturbance term. Show that 2 and 3 give output elasticities of labour and capital. [Hint: just recall the definition of the elasticity coefficient and remember that a change in the logarithm of a variable is a relative change‚ assuming the changes are rather small] (7 marks)
Premium Economics Supply and demand Microeconomics
Multi-cultural issues in child care (3rd ed.). Mountain View CA: Mayfield. Gonzalez-Mena‚ J. (2002). Working with cultural differences: Individualism v collectivism. The First Years Ngä Tau Tuatahi: New Zealand Journal of Infant and Toddler Education. 4(2)‚ 1315. Trompenaars‚ F and Hampden-Turner‚ C. (1998). Riding the waves of culture: Understanding diversity in global business (2nd ed.). New York: McGraw Hill. The author Lisa Terreni (Dip Kindergarten Teaching‚ B.Ed) works as a professional development
Premium Early childhood education Childhood Kindergarten
Answer 1. Which of the following is a false statement regarding deoxyribonucleic acid (DNA)? 2. Which of the following properties or processes do we associate with living things? 3. Which component is not directly involved in translation? 4. The anticodon of a particular tRNA molecule is 5. Which of the following types of mutation‚ resulting in an error in the mRNA just after the AUG start of translation‚ is likely to have the most serious effect on the polypeptide product? 6. Why
Free DNA Cell Chromosome
McDonald’s has successfully created a brand/name for itself as the leading fast food retailer in the world. It is somewhat of impossibility for one to not come across a McDonald’s with over 30‚000 local restaurants in over 100 countries (McDonald’s‚ 2011). Those restaurants are owned either by a franchise owner or a corporation; a percentage of all the earnings from a franchise owner‚ including a percentage from their annual revenue go to McDonald’s. McDonald’s has successfully met the demands
Premium Corporation Organizational structure
Riordan Manufacturing Production Plan OPS/571 November 1‚ 2012 Zachary Burk Riordan Manufacturing Production Plan Riordan Manufacturing‚ Inc. is a fortune 1000 company with revenues in excess of $1 billion (University of Phoenix‚ 2012). This wholly owned company is a global plastics manufacturer that employs 550 people with annual earnings of $46 million. Riordan has a reputation for being an industry leader in the industry of polymer materials and has various clout heavy clients such as
Premium Management Marketing Project management
Assignment: Critiquing Philosophical Approaches to Ethical Decision Making When it comes to making ethical decisions there are many different approaches to reach a decision. There is an ethical decision making (EDM) framework which incorporates traditional requirements for profitability and legality‚ as well as requirements shown to be philosophically important to stakeholders. The EDM framework asses the ethicality of a decision or action by examining the consequences or well-offness created in
Premium Ethics Virtue ethics Morality
. In 1985 R. Foster Winans a columnist for “The Wall Street Journal” was convicted of giving information to two stock brokers he was writing and article about in his column “Heard On The Street. Foster was charged with insider trading. The stockbrokers make a whopping 690‚000 and Winans cut was 31‚000. I thin k this case does meet the requirements of inside trading established by the Supreme Court in the case U.S. vs. O’Hagen because the Foster leaked information about contents of a column
Premium Stock market Stock
Ethnic Groups and Discrimination ETH/125 January 29‚ 2012 Ethnic Groups and Discrimination When I think about the ethnic group I identify with the most‚ I would have to say classify myself as a White person. I have adapted White ways or the ways of my family. I don’t have very many cultural beliefs or views to follow. On the other hand‚ I am one-quarter Cherokee Indian. My father’s mother was a full-blood Cherokee. I’ve always been intrigued by this culture and the challenges and discrimination
Premium Native Americans in the United States Cherokee
Communication Channels Health Care Communication Strategies HCS 320 April 07‚ 2013 Communication Channels Communication is essential to promoting and marketing the newest addition in technology to an organization. There are many facets to the communication that needs distributing to ensure the largest audience is aware of the new‚ state-of-the-art MRI‚ magnetic resonance imaging. The internal staff needs to be educated and knowledgeable about the new equipment so they can help answer
Premium Magnetic resonance imaging Communication E-mail
3. Do you expect this profit level to continue in subsequent years? Why or why not? As the marginal expense of manufacturing is more than the marginal income‚ it is not feasible for the company to manufacture a positive amount of output although it has got monopoly power by the patent. During the 1st year‚ the company has incurred the fixed expense of 120 that it can ’t do anything about. But‚ in the following years the company would go out this market and consequently prevent the fixed expenses
Premium Supply and demand Elasticity Price elasticity of demand