Common Pool Resources Common Pool Resources are defined as non-excludable‚ but rival in consumption. Excludability is a property of a good where a person can be prevented from using it. Rivalry is a property of a good where one person’s use diminishes another person’s use. Externalities: costs/benefits that others face due to individuals’ actions. Externalities arise when those who use an asset (sink/source) but do not pay the full cost of maintaining the asset. The costs are transferred to common
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FINANCE: TUTORIAL 2 (Suggested Solutions) 1. Liquidity measures how quickly and easily an asset can be converted to cash without significant loss in value. It’s desirable for firms to have high liquidity so that they can more safely meet short-term creditor demands. However‚ liquidity also has an opportunity cost. Firms generally reap higher returns by investing in illiquid‚ productive assets. It’s up to the firm’s financial management staff to find a reasonable compromise between these opposing
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BS3572 Industrial Economics Tutorial 1 Exercise 1 Consider a perfectly competitive market. Market demand is Q = 860 10p. There are initially n = 20 identical …rms in the market‚ and each …rm’ costs are C (q) = 200 + 2q + 0:5q 2 . s 1. Find the supply curve of an individual …rm and the aggregate supply curve of all …rms. Calculate the competitive equilibrium price. Determine the equilibrium output and pro…t of an individual …rm. 2. Derive expressions for the price elasticity of market demand
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This week’s tutorial mainly focuses on how to prepare and deliver an effective presentation. During the tutorial‚ there are two activities were organized. The one activity is that each group prepares a presentation based on the topic “The Best Job All over the World”. It is a practical way to develop the logic thoughts. The different is that one member of each group would film the process of the group presentation. After the presentation‚ each group could know about their performance. In addition
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Tutorial 1 Answer – Chapter 1 & 2 Question 1 Short sale entails borrowing shares and then selling them‚ receiving cash. Therefore‚ initially‚ we will receive the proceeds from the sale of the asset‚ less the proportional commission charge: 300 ($30.19) 300 ($30.19) 0.005 $9‚057 0.995 $9‚011.72 When we close out the position‚ we will again incur the commission charge‚ which is added to the purchasing cost: 300 ($29.87) 300 ($29.87) 0.005 $8‚961 1.005 $9‚005
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DIPLOMA IN BUSINESS STUDIES Family Business Management Tutorial 4 (for week beginning 13 May 2013) Managing The Family Business I Discussion Questions 1. Why is the understanding of family conflict important to family-owned businesses? 2. Emily’s family runs a lucrative F & B business selling beef noodles. She is about to take over the running of the empire when her father retires later this year. However‚ she is worried that family conflicts may erode their very successful
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BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE‚ PILANI - K.K. BIRLA GOA CAMPUS Mathematics-2 Tutorial–1 1. Use the Gaussian elimination method to solve each of the following systems of linear equations: (a) −5x1 − 2x2 + 2x3 = 14 3x1 + x2 − x3 = −8 2x1 + 2x2 − x3 = −3 (b) 3x1 − 2x2 + 4x3 = −54 −x1 + x2 − 2x3 = 20 5x1 − 4x2 + 8x3 = −83 2. Find the quadratic equation y = ax2 + bx + c that goes through the points (3‚ 18)‚ (2‚ 9) and (−2‚ 13). 3. Use the Gauss Jordan method to determine the complete solution
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The AVR Microcontroller Introduction Application and programmer boards WinAVR Basic I/O ADC‚ timers USART‚ LCD Mehul Tikekar Chiraag Juvekar Electronics Club September 29‚ 2009 What is a microcontroller? It is essentially a small computer Compare a typical microcontroller (uC) with a typical desktop ATmega16 Typical desktop Clock frequency CPU data size RAM ROM I/O 16MHz 8 bits 1KB 16KB 32 pins 3GHz 32 bits 1GB 160GB Keyboard‚ monitor 65W Power consumption 20mW 2
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Quantitative Methods for Economics Tutorial 12 Katherine Eyal TUTORIAL 12 25 October 2010 ECO3021S Part A: Problems 1. State with brief reason whether the following statements are true‚ false or uncertain: (a) In the presence of heteroskedasticity OLS estimators are biased as well as inefficient. (b) If heteroskedasticity is present‚ the conventional t and F tests are invalid. (c) If a regression model is mis-specified (e.g.‚ an important variable is omitted)‚ the OLS residuals will show a distinct
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Tutorial 4: Estimations 1. A process producing bricks is known to yield output whose weights are normally distributed with a standard deviation of 0.12lb. A random sample of 40 bricks from a day’s output had a mean weight of 4.07lb. (i) Find a 99% confidence interval for the mean weight of all bricks produced on that day. (ii) Estimate the smallest sample size required if the error in estimating the population mean weight of all bricks is to be within 0.03lb with 95% confidence.
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