differentiating between perfect competition and all other types of markets? Answer Selected Answer: whether or not firms are price takers Correct Answer: whether or not firms are price takers Question 7 10 out of 10 points In economic analysis‚ any amount of profit earned above zero is considered "above normal" because Answer Selected Answer: this would indicate that the firm ’s revenue exceeded both its accounting and opportunity cost. Correct Answer: this would indicate
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FAILURE REASON OF SAARC Introduction 1. SAARC (South Asian Association for Regional Cooperation) was stablished on 8th December‚1985 by seven countries of Asia named as Pakistan‚ Bhutan‚ Bangladesh‚ Maldives‚ India‚ and Sri Lanka‚ while Afghanistan joined this association later in 2007. The headquarters of SAARC are Katmandu and Nepal. Initially SAARC was established to retreat and up hold the peace in the south Asia region and create the opportunities of interaction between member countries
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JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY SCHOOL: SHRD DEPT: EPD COURSE: BPS UNIT: TRANSPORT ECONOMICS PRESENTER: JULIUS GIKONYO REG No: HD211-5143/2011 LEC: EVANS SANDE Introduction. Transport and its related services is a catalyst for economic growth‚ and direct and indirect job creation in South Africa. The provision of affordable‚ safe and reliable transportation of goods and people is critical to the development of the country. Government boosted transport infrastructure
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ref=MjBfMDZfMTFfMTNfMV8yN18xNzI0OTk= Economic growth and economic development Like the infrastructure development‚ improvement of legal mechanism Can now be regarded as the most important precondition for sustainable Growth‚ a stronger economy‚ and pro-people system of governance‚ Writes M S Siddiqui Economic development generally refers to sustained and concerted actions‚ taken by the policy-makers and communities‚ which promote the standard of living and economic health
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But subsidies are essential‚ and has always been so to ensure the survival of all persons in Malaysia - especially those from the lower-incomed groups - including the middle class. The plan of removing subsidies - and using the money saved to channel financial assistance directly to the poor is being now thrown around. But alas‚ this really will not work given the rise of ’corruption’ and ’discrimination’ in Malaysia. Even today‚ there are many complaints that the UMNO-led BN government discriminates
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Due to the technological revolution in financial sector‚ the payments in banking system have undergone a tremendous change. The Number of innovative products for making payment has developed after the privatization and globalization.Customers have showed their preference over the usageofthe plastic money generally over a period of timein thebanking process. Plastic money is an alternative to the cash or the standard ‘money’. Plastic money is referring to the credit cards or the debit cards that we
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ECONOMÍA DE LA EMPRESA 1. If the price of VCRs declines by 20 percent‚ and the quantity sold rises 40 percent‚ what is the price elasticity of VCRs‚ ceteris paribus. [pic] 2. The cross price elasticity between the demand for Washington State apples relative to Pennsylvania apples is +0.7. What can be said about the perceived differences in quality between the two apple varieties? How would your answer change if the cross price elasticity were only +0.1? Since the cross price
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Unless specified otherwise‚ all questions are worth 4 points. For multiple-choice questions‚ circle the best answer. 1. On April 15 a distraught employee‚ Bob Heavyfoot‚ backed his truck into your main plant and destroyed the plant and all of its contents. Fortunately‚ certain accounting records were kept in another building. Therefore‚ you know the following for the period January 1 to April 15‚ 2004: Revenues $500‚000 GM (% of revenues) 25% Direct materials purchased $170‚800 Direct
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Should Quality Hotel Malmö attempt to increase Revenue through marketing? Strengths : Good Location Competetive prices Many rooms (150) Is one with the concert house Weaknesses : Design Marketing Prices for foreign visitors Lack of customers Oppurtunities : Malmö’s growing tourism Growing international connections Threats : New Hotel to be opened in Hyllie Cost for renovations Introduction : Quality Hotel Malmö was built in 1988 and is situated in the heart of Malmö. Since
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FORMULAS & NUMERICAL PROBLEMS RELATED TO MEASUREMENT OF NATIONAL INCOME MEASUREMENT OF NATIONAL INCOME INCOME METHOD 1. EXPENDITURE METHOD PRODUCT METHOD INCOME METHOD : Net Domestic Product At Factor Cost = Compensation Of Employees + Operating Surplus + Mixed Income of Self Employed 1 WAGES & SALARIES CASH AS WELL AS KIND + * COMPENSATION OF EMPLOYEES 2 SOCIAL SECURITY CONTRIBUTION BY THE EMPLOYER + 3 RETIREMENT PENSION 1 RENT + * OPERATING SURPLUS 2
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