that a consumer faces both budget constraints in graph (a) and graph (b) on two different occasions. If her income has remained constant‚ what has happened to prices? a. The price of X in graph (a) is higher than the price of X in graph (b). b. The price of Y in graph (a) is higher than the price of Y in graph (b). c. The prices of both X and Y are lower in graph (a). d. None of the above is true. ANS: A 3. Refer to Figure 21-1. Assume that a consumer faces the budget constraint shown in graph
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and Study Questions 1. Why is the capital-budgeting process so important? Capital budgeting decisions involve investments requiring large cash outlays at the beginning of the life of the project and commit the firm to a particular course of action over a relatively long period of time. As such‚ they are costly and difficult to reverse‚ both because of: (1) their large cost and (2) the fact that they involve fixed assets‚ which cannot be liquidated easily. 2. Why is it difficult to find
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out with this career project my personal budget was kind of hard to make ends meet‚ but in the end I did find a way to successfully solve it with where I feel I have enough money left over. I feel like this personal budget project has been very challenging‚ and is also helping me understand and how to use a computer. Compared to what I see other people’s budget mine is kind of low. I chose the profession of becoming a middle school teacher. With my budget I had to make a change of my house and my
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Budget Reform to Save Future Generations In times of tight budgets‚ states need to make tough decisions in funding. One classic debate centers around whether to build prisons or schools. The good news for citizens is that prison counts have been at its lowest in thirty years. This matter on the surface should not concern the population since it is good news‚ but the money that is put into correctional facilities is immense‚ and it is taking over educational budgets and robbing children throughout
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Discuss comprehensively with relevant examples Kenya’s budget making process. A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving‚ borrowing and spending. In summary‚ the purpose of budgeting is to: • Provide a forecast of revenues and expenditures‚ that is‚ construct a model of how our business might perform financially if certain strategies‚ events and plans are carried out. • Enable the actual financial operation of the business to be measured
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000. He has a family of 5 members‚ with 3 school going children and his wife‚ who is not working. *Mr. Manwani is diabetic‚ so his monthly medicines cost Rs 2000‚ whereas another 1000 Rs are spent on other miscellaneous expenses caused due to ill heath of children and wife‚ like viral and other small infections. **Education expenses comprise of school fees (divided monthly)‚ plus tuition fees and school bus fees and the stationery. ***Miscellaneous expenses are those expenses which are caused
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Understanding attention deficit hyperactivity disorder 1 ‘I always worry when I go to pick John up from school. It seems every day some problem has arisen. I feel people think I’m just a bad parent.’ ‘To try and get Manjeet to do her homework and hand it in‚ in a presentable form‚ can take all night. We often get comments from the school on how messy her work is‚ but she does try so hard.’ ‘Ben is so unpredictable; one minute he will be in a good mood‚ and the next he will be shouting at his
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Education vs. Budget Cuts When I think of education‚ I think of how great it is and how far it can take us. Education is just as important as history. You know how they say if you don’t know your history you don’t know where you come from? Well‚ same goes for education‚ if you don’t have education you can’t go very far in life. These days‚ if you don’t have a college education it’s hard to find a good paying job because just having a high school diploma or a GED isn’t enough. Austin Bureau
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Nevada High School Dropout Rate Highest in the Nation Throughout our nation we are facing a multitude of different problems found in economies‚ schools and homes. Our nation’s main concern and biggest problem is Students dropping out of school. We find it happening in every city‚ every state and all over our nation. More than 7‚200 kids on average drop out of school each year. As the years go by‚ the average begins to grow larger. Nevada has the worst high-school dropout rate in the nation and
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total budget for the Department of Homeland Security for the 2016 fiscal year was 66 billion dollars (Homeland Security‚ 2016). This seems like a lot of money‚ but if you look at all that the Department of Homeland Security does‚ then you see that it is worth it. Also‚ if you compare the budget of Homeland Security to the budget of the military’s 585-billion-dollar budget‚ then Homeland Security’s budget seems small (U.S. DoD‚ 2015). Some could argue that the job that Homeland Security does is more
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