Answers of Managerial Economics Homework #2 Chapter 5~Chapter 9 1.Using figure 5.3 as a basis‚ construct a series of four figures to show the effect of an increase in the demand for tanker service on the market price when (a) demand is extremely inelastic‚ (b) demand is extremely elastic‚ (c) supply is extremely inelastic‚ and (d) supply is extremely elastic. Answer: [pic] [pic] [pic] [pic] 2.Industry researchers R.S. Platou predicted
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textbooks: Required Text: Bodie‚ Kane and Marcus‚ 2011‚ “Investments”‚ 9th edition‚ McGraw-Hill‚ ISBN13: 978-0-07-353070-3. Recommended Readings: 1. Campbell‚ John Y.‚ and Tuomo Vuolteenaho‚ 2004‚ Bad beta‚ good beta‚ American Economic Review 94‚ 1249-1275. 2. Fama‚ Eugene F.‚ and Kenneth R. French‚ 1996‚ Multifactor explanations of asset pricing anomalies‚ Journal of Finance 51‚ 55-84. 3. Fama‚ Eugene F.‚ and Kenneth R. French‚ 2008‚ Dissecting anomalies‚ Journal of Finance 63‚ 1653-1678. 4. Jegadeesh
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five heading levels in APA. Usually only Level 1 and 2 headings are necessary for the length of essays in this course. You may occasionally need Level 3 heading but rarely beyond that. Centered‚ Boldface‚ Uppercase and Lowercase (Level 1) Left-aligned‚ Boldface‚ Uppercase and Lowercase (Level 2) Indented‚ boldface‚ lowercase with period. (Level 3) Indented‚ boldface‚ italicized‚ lowercase with period. (level 4) Indented‚ italicized‚ lowercase with period. (level 5) In-Text Citations When using
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Monopolies Because the pure monopolist is the industry‚ the demand curve is the market demand curve. Demand curve is downward sloping: as price decreases‚ quantity demanded increases. Monopoly’s Demand Curve: Marginal Revenue is Less Than Price – the firm can only increase its sales by charging a lower price thus causing marginal revenue to be less than price The lower price applies not only to the extra output sold but also to all prior units of output. Each additional unit of output sold increases
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GCSE Set Text – Aeneid II (268-280‚ 298-317‚ 624-654‚ 671-716‚ 768-795) 268 - 280 tempus erat‚ quo prima quies mortalibus aegris It was the time at which the first rest begins for weary incipit et dono divum gratissima serpit. mortals and creeps most welcome by the gift of the gods. in somnis‚ ecce‚ ante oculos maestissimus Hector 270 In my dreams‚ look‚ in front of my eyes Hector most gloomy seemed to stand visus adesse mihi largosque effundere fletus‚ before
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Name: _______________________ Team: _______________________ AP Macro Problem Set #2 Unit 2: Measurement of Economic Performance 1. (_____/15) Article Analysis Read each of these current articles and identify three different concepts we learned that are mentioned. Define and summarize what is being said for each concept that you identify. a. GDP Article (_____/5) b. Unemployment Article (_____/5) c. Inflation Article (_____/5) 2. ( ____/15 Points) Gross Domestic Product
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Descriptive Statistics and Probability Distribution Problem Sets Emily Noah QNT561 Anthony Matias December 24‚ 2012 Descriptive Statistics and Probability Distribution Problems Sets Descriptive statistics and probability distribution is two ways to find information with certain data giving. In Descriptive statistics the data can give a mode‚ mean‚ median‚ and range by the numerical information‚ which is giving to find the information. In probability distribution the data is collected and
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Cindy Wright March 14‚ 2011 University of Phoenix Math 214 Reflection Paper The course‚ mathematics for Educators II‚ is the second of a two part of a course intended for elementary education students. It is a five week course and we studied the basic ideas of mathematics that could be taught in the classroom. I feel that I have learned a lot in this course in the past five weeks. The focus of part two of this class was measurement‚ geometry‚ probability and data analysis. Data analysis
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emerging suppliers. This combined with a large and successful marketing campaign increased sentimental value and perception of scarcity‚ which increased consumer’s willingness to pay the prices‚ set by the cartel. The perception of scarcity ultimately made demand inelastic‚ and allowed for DeBeers to set an optimal linear price. While price discrimination is often seen as the best way to increase consumer surplus and minimize dead weight loss‚ in DeBeers case‚ as is the case with many luxury goods
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to experience working in different Government Departments. I also hope to understand some of the underlying social phenomenon and problems existing in Hong Kong‚ such as inequality of wealth‚ housing problem and reform movements. By establishing an independent and critical mind over these issues‚ I wish to come up with possible solutions to tackle with these problems. I hope to both contribute and learn as an Intern. By applying my knowledge of current affairs‚ I wish to experience and view these
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