MICROECONOMICS I – 2012/13 TUTORIAL SHEET 1 THE THEORY OF CONSUMER BEHAVIOUR PROBLEMS 1. The following data represent 5 points on the supply curve for orange juice: PRICE ($ PER GALLON) QUANTITY (MILLIONS OF GALLONS) 1 100 2 300 3 500 4 700 5 900 and these data represent 5 points on the demand curve for orange juice: PRICE ($ PER GALLON) QUANTITY (MILLIONS OF GALLONS) 1 700 2 600 3 500 4 400 5 300 a. Graph the points of these supply and
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Application Note 010 GSM AT Command Set Application Note AN010 GSM AT Command Set Technical specifications and claims may be subject to variation without prior notice. UbiNetics has endeavoured to ensure that the information in this document is correct and fairly stated‚ but does not accept liability for any error or omission. UbiNetics Ltd Cambridge Technology Centre Melbourn Herts SG8 6DP Tel: +44 (0) 1763 285 183 Prepared by: Date: Document Number: Chris Cockings 09-04-2001 BCO-00-0621-AN
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Econ 301 Intermediate Macroeconomics‚ Professor __________ Park University Online‚ Fax _________________ Final Exam (Weight 300 Points) STUDENT’S NAME ______________________________ Multiple choice Questions. (Weight 5 points each) Choose the best answer. 1) The unemployment rate is the number of ? 2) The value of steel sold to an automobile producer is __________ directly included in the GDP because __________. 3) In the simplest Keynesian model of the determination of income‚ interest
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PhP20 and the price of is PhP10 and that good is plotted on the horizontal axis. If the price of doubles and the price of triples‚ leaving the consumer’s income unchanged‚ the budget line Response: will shift out from the origin. * Edit Question 3 7Evaluate the truthfulness of the following statements. I. All points to the interior of the budget constraint are affordable. II. All points that lie on the budget constraint cost the same amount of money. Response: Both I and II are false. *
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Christian Ethics Problem 3 1. What is the biblical basis for the Jubilee 2000’s call for the immediate canceling of the debts of all HIPCs? Answer: Leviticus 25:14 says “You shall not oppress one another.” The lending countries loaned money at interest rates in excess knowing that the HIPCs could not pay those debts off in the future‚ and that is a means of oppression. Leviticus 25:25-28 is where the name Jubilee comes from. Basically‚ it says that if a man is poor and needs money‚ he can sell
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CARLETON UNIVERSITY Department of Economics ECON 4302 Competition and Regulatory Policy Instructor: D.G. McFetridge Fall Term 2011 Office: A806 Loeb Building Phone: 613-520-2600 ext. 3748 E-mail: donald_mcfetridge@carleton.ca Office Hours: Mondays‚ 2:30 p.m. – 3:30 p.m. and Thursdays‚ 11:30 a.m. – 12:30‚ or by appointment COURSE WEB SITE: www.carleton.ca/~dmcfet/courses PREREQUISITE: ECON 2030 with a grade of C- or higher or ECON 2003 (no longer offered) with a grade of C- or higher. COURSE FORMAT:
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entry into these industries is largely unrestricted by government’s rules and regulations. One example of an MPC firm is the hawker stall. The set-up cost including the rental cost is low and due to the small-scale production of food‚ there is limited scope for EOS that act as a BTE. This weak BTE gives rise to the large number of hawker stalls being set up. With so many hawker stalls present‚ each hawker stall has a relative small share of the total food market. Thus‚ each hawker stall has only
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David Khal University of Phoenix Material Problem Solving Step 1: What is the problem? Diabetic father is not fallowing his medical regiment to keep his blood sugar down. Step 2: What are the alternatives? Have the doctor changing diet‚ eating habits‚ and exercise. Or Giving up on his quality of life‚ hurting oneself and stressing the family more. Step 3: What are the advantages and/or disadvantages of each alternative? The advantages of the change in his diet and exercise‚ he will lose weight
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commonly understood. Indeed‚ the world is ruled by little else. Practical men‚ who believe themselves to be quite exempt from any intellectual influences‚ are usually the slaves of some defunct economist. J.M. Ke yn es ‚ T he General Theory ‚ [ p 3 8 3 ] C hapter 1 AN INTRODUCTION TO THE HISTORY OF ECONOMIC THOUGHT: AN OVERVIEW In every society it is necessary that there be a process to organize and coordinate choices regarding the production‚ distribution and consumption of goods and
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CHAPTER 3 Arbitrage and Financial Decision Making Chapter Synopsis 3.1 Valuing Decisions When considering an investment opportunity‚ a financial manager must systematically compare the costs and benefits associated with the project in order to determine whether it is worthwhile. Determining the cash value today of the costs and benefits is one way to make such a comparison. In a competitive market‚ a good can be bought and sold at the same price‚ so the market price can be used to determine
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