2000-CE ECON PAPER 1 HONG KONG EXAMINATIONS AUTHORITY HONG KONG CERTIFICATE OF EDUCATION EXAMINATION 2000 ECONOMICS PAPER 1 8.30 am – 10.00 am (1½ hours) This paper must be answered in English 1. 2. This paper consists of two sections‚ A and B. Section A contains eight questions. Attempt ALL questions. The whole section carries 38 marks for content and 2 marks for effective communication. Section B contains three questions. Attempt any TWO questions. Each question carries 23 marks for
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Managerial Economics Spring 2013 Instructor: Laura Youderian Email: youderianx@xavier.edu Office: Smith Hall 315 Office Hours: TR: 1:30-2:30‚ 4-6 Purpose of Course This course is designed to help students understand consumer and firm behavior in decision making and the market process utilizing economic theories and techniques. Students should expect rigorous training on supply and demand analysis‚ regression analysis‚ consumer behavior‚ production theory‚ market structure‚ game theory and pricing
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Lecture Note # 1 Measuring the Key Economic Indicators Microeconomics: Looks at how individual economic agents (i.e. consumers/households and producers/firms) make their day-to-day decisions. Macroeconomics: Looks at the overall behavior of the entire economy of a country. So in addition to households and firms‚ it also looks at the government and frequently at the rest of the world. The four target variables that all macroeconomists are concerned about are: (1) Gross Domestic Product (GDP):
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Ten principles of economics HOW PEOPLE MAKE DECISIONS #1: People Face Tradeoffs There is no such thing as free lunch. To get one thing that we like‚ we usually have to give up another thing that we like. Making decisions requires trading off one goal against another. #2: The Cost of Something Is What You Give Up to Get It The opportunity cost of an item is what you give up to get that item. When making any decision‚ such as whether to attend college‚ decisionmakers should be aware of the opportunity
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1. Question : (TCO 1) Software designed to support the payroll function would best be classified as Student Answer: application software. system software. design software. analysis software. a decision support system. Instructor Explanation: Chapter 1‚ page 4 Points Received: 3 of 3 Comments: Question 2. Question : (TCO 1) Which of the following is NOT a function of decomposition? Student Answer: Permit different
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Accounting for Bonds The rate of return required by the market might fluctuate daily: hence it is usual for bonds not to be issue at face value. Bonds will only be issued at face value if the rate demanded by bond holders (the market rate) is the same as the rate shown on the bonds (called the coupon rate). You should remember that‚ regardless of what the bond holder pay for the bond‚ the will receive the face value on maturity; and the interest payment the bond holder receive will be the coupon
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of Friday March 14 in the Econ Distribution Center‚ Dunning Hall Room 334. You will require your student card. • This assignment covers material from Chapters 20-24 of the text. True‚ False‚ or Uncertain [48 marks - 6 marks each] Explain why each of the following statements is True‚ False‚ or Uncertain according to economic principles. Use diagrams where appropriate. Unsupported answers will receive no marks. It is the explanation that is important. A5-1. Suppose on Feb 2‚ 2013 an
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marginal benefit of merit goods is greater than its private marginal benefit. Consumers in a free market only consider private benefits when purchasing and will therefore underconsume merit goods. This scenario can be shown in the diagram 1 below. As shown in diagram 1‚ the socially optimal output occurs at Q2‚ which is when SMB=SMC. However‚ the equilibrium in the free market occurs when D=S at Q1. Between Q1 and Q2‚ SMB>SMB. Hence‚ the under-consumption of Q2-Q1 results in welfare loss‚ which is equal
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Assignment 1 1. Looking at SCORE variable‚ the skewness is -0.0511422 and excess kurtosis is 0.208336. For the normal distribution‚ skewness is zero. Since the skewness for SCORE variable is negative‚ this indicates that the distribution is skewed to the left (the long tail will be in the negative direction). For the normal distribution‚ kurtosis is three. So K-3 measures excess kurtosis. Since the excess kurtosis for SCORE variable is positive‚ the distribution is leptokurtic (it has thick tails
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LaTrisha Zackery Assignment 1 Complete the table (Table 1) below‚ then draw the following curves: Short-run average product (AP) curve; Short-run marginal product (MP) curve. Table showing the Average and Marginal product of labour for a hypothetical firm Amount of labour( units) | Amount of capital(No. of machines) | Output of parts(Q‚ hundreds of parts) | Average product (Q/L) | Marginal product(∆Q/∆L) | 0 | 5 | 0 | - | - | 1 | 5 | 49 | 49 | 49 | 2 | 5 | 132 | 66 | 83 | 3 | 5
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