Summer2011-Microeconomics-Exam Two Practice 1. To calculate the total utility of consuming N products: A. add the additional satisfaction of consuming each product up to N and multiply by its price. B. add the total satisfactions of consuming each product up to N. C. multiply the additional satisfaction from consuming the Nth product by its price. D. multiply total satisfaction from consuming N products by N. 2. Suppose that the following table lists the utility that Steve receives from consuming oranges at 50
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Scenarios: Bad Behavior and The Difficult Employee Read each of the scenarios below and write a 2 page response (for each scenario) that evaluates the role the supervisor played in the maintenance of good order within the organization. Bad Behavior? Officer Stevens‚ the Sergeant on the evening shift reported to you (the shift lieutenant) that after roll call he heard two male officers telling sexually explicit jokes in the hallway. As the Sergeant exited the roll call room he noticed one
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Describe the importance of scenario planning how it works and limitations. From Schoemaker: Scenarios are stories about the way the world might turn out tomorrow‚ stories that can help us recognize and adapt to changing aspects of our present environment. Scenario planning is a disciplined method for imagining possible futures that companies have applied to a great range of issues. It goes further than other plans‚ such as contingency planning and sensitivity analysis. These plans always focus
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Economics April 16‚ 2012 n Price Controls: How efficient are price ceilings and price floors? If you think one is better than the other‚ make sure to bring up examples from our economy to validate your stand. Price ceilings and price floors are essential aspects of our economy. Price ceilings are government enacted laws preventing suppliers from establishing prices of key resources higher than a certain price‚ which is set by the government. Price floors are price minimums that can be charged
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A Reflection on Scenario One This is a reflective essay‚ aims to discuss how I have managed to achieve the learning outcomes of scenario one in module two. The first part introduces the concepts I have learnt in this scenario and indicates how I have utilised the tutorials for learning‚ followed by a description of my practical and theoretical formative assessments. Thereafter this paper will reflect on my positive and negative learning experiences from scenario one including the details of the
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Scenario Analysis of Thailand IBMS403/404 0810937 Chenchen Chen 0810992 Yuan Cui 0823155 Cherry Liu 1 Content Table & Figure ............................................................................................................................................ 5 Chapter 1 business idea............................................................................................................................3 Step 1 Deciding on the company’s competitive advantage...........
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Price discrimination Price discrimination is the practice of charging a different price for the same good or service. There are three of types of price discrimination – first-degree‚ second-degree‚ and third-degree price discrimination. First degree First-degree discrimination‚ alternatively known as perfect price discrimination‚ occurs when a firm charges a different price for every unit consumed. The firm is able to charge the maximum possible price for each unit which enables the firm to
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PRICE DISCRIMINATION What is Price Discrimination; Price discrimination is a pricing tactic that charges consumers different prices for the same product or service. In other worlds‚ price discrimination exists‚ when identical product or service transacted at different prices from the same supplier. Price discrimination allows a company to earn higher profits than standard pricing because it allows firms to capture every last pence of revenue available from each of its customers. While perfect
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anything is possible for the right price. Furthermore‚ "greater flows of trade offer more opportunities for terrorist groups to hide shipments of parts and materials among legitimate cargos and trade with more developed countries makes it more likely that local licit organizations may have the materials needed on hand"(Asal‚ Ackerman & Rethemeyer 2012‚ para 18). Smugglers continue to open the doors to this type of black market enterprise. Terrorist Scenario Al Qaeda’s attack plan has been
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University of Phoenix Material Ethical Decision Scenario Worksheet Read the following scenario: Shannon is a juvenile probation officer with the Department of Juvenile Justice. Recently‚ she covered her coworker‚ Janet’s client load‚ while Janet was on vacation. Shannon met with several of Janet’s clients. After meeting with clients‚ she discovered a pattern in which the clients would report that they have not seen Janet in 2 to 3 months. However‚ the case files reflected face-to-face contact
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