The affordable bundle that yields the greatest satisfaction to the consumer is: Answer | | the maximum bundle. | | | the equilibrium consumption bundle. | | | the allowable purchasing bundle. | | | the most popular bundle. | Given that income is $500 and PX = $20 and PY = $5‚ what is the market rate of substitution between goods X and Y? Answer | | 100. | | | 4. | | | -20. | | | 25. | The budget set defines the combinations of good X and Y that Answer
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Utility means want satisfying power of a commodity. It refers to power or capacity of a commodity to satisfy human wants. In order to know whether a commodity possesses utility or not‚ we have to ask two questions: a) Does commodity satisfy the want of people? b) Are people ready to pay for it? If answers to these questions are affirmative then we can say that a commodity possesses utility‚ otherwise not. It is a measure of personal satisfaction or level of meeting a need that a good or
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Expectations of the US economy The last three quarters of the economy have been very strong and the fourth quarter week (Payne‚ 2014). While the fourth quarter’s poor performance is disappointing from an economic stand it is normal for there to be a weak fourth quarter after three strong quarters (Payne‚ 2014). All signs show that 2015 should be a year of growth for the US economy. Unemployment is expected to decline while GDP‚ Business spending and home sales are all expected to increase steadily
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Robert W. Strayer Ways of the World: A Brief Global History with Sources Second Edition Chapter 17 Revolutions of Industrialization‚ 1750–1914 Copyright © 2013 by Bedford/St. Martin’s I. Explaining the Industrial Revolution A. Why Europe? 1. Technology‚ science‚ and economics elsewhere: When looking at the preindustrial world‚ many would not see an inherent advantage for Europe. China arguably had the world’s most impressive technology‚ and India and the Islamic world had many noteworthy accomplishments
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w w ap eP m e tr .X w STANDARDS BOOKLET FOR BUSINESS STUDIES om .c s er GCE Advanced Subsidiary and Advanced Level Business Studies 9707 CONTENTS PAGE Introduction 1 Questions and Responses 3 Appendix 1 Question paper 9707/1 and Mark Scheme 41 Appendix 2 Question paper 9707/2 and Mark Scheme 47 Appendix 3 Question paper 9707/3 and Mark Scheme 55 INTRODUCTION The AS/A level (9707) Business Studies examination papers are based
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ECO 365 Principles of Microeconomics ECO 365 Week 1 Individual - Article Analysis Paper Price: $6.99 Individual Article Analysis Paper Research the University Library and Internet‚ and select a recent news article concerning trends in consumption patterns of a specific product‚ such as gasoline‚ oil‚ grain‚ or coffee. [As an example: The following article which is located in the Electronic Reserve Readings on the student website is an example of trends in consumption patterns: Hauser
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high school is choosing the right university. We are all aware how that is a decision that determines our future life. First problem that we face is choosing the most suitable major‚ and than our decision gets stuck on choosing the university that would provide it in the best way. You have often heard dilemmas and discussions about foreign universities and state ones. Webster University as a representative of a foreign university is similar to my state university of Bosnia but there are some great
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in post-Genocide Rwanda ADDRESS: MOI UNIVERSITY’ SCHOOL OF ARTS AND SOCIAL SCIENCES‚ DEPARTMENT OF HISTORY AND POLITICAL SCIENCE‚ P O BOX 3900‚ ELDORET. Paul Abiero OPONDO‚ P O Box 74 Ugunja via Kisumu. Mobile Tel. +254 0721 310 982 E-Mail: jpopondo@yahoo.com SCHOOLS ATTENDED 1986-1987: Shimo la Tewa School‚ Mombasa (I studied History‚ Geography and Economics in ‘A’ Level) School‚ Head-Boy 1982-1985: Khamis High School‚ Mombasa‚ Kenya PRE-UNIVERSITY TRAINING August-November 1988: National
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many students attend four-year universities and colleges. The emergence of such higher education was first recorded in Europe during the Middle Ages. The origins and characteristics of these medieval universities as well as details of the students and their masters (professors) will be thoroughly discussed in the following paragraphs. These universities became the foundation of and models for the higher education of today. The Latin word universitas‚ or university‚ first appeared in the Latin text
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ranking universities produce better students (c )C op yr ig ht K un aa lT ai lo r This paper will address and discuss the advantages and disadvantages of university rankings. The paper will first examine what university rankings are‚ their significance‚ advantages and disadvantages of attending a higher ranking university or non-high ranking institute‚ as well as their relation to student performance. According to The Guardian (2013) the world ’s top university‚ by ranking
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