1) Effect of Increase of Non-Labour Income in Desired Working Hours Assuming that the individual has zero non-labour income and faces the income budget line of JZ‚ the individual would choose point A as the ‘optimal’ utility-maximizing point as it is the highest attainable indifference curve(tangent to the income budget line or MRS = |w/p|). At this point A‚ the individual will work Ls1 hours‚ enjoy La leisure hours and enjoy an income of Ca. Assuming the individual has attained a source of non-labour
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Telecommuting Increases Productivity Telecommuting‚ also known as work-from-home‚ is a common practice among many business firms. In many articles‚ authors claim that telecommuting makes noticeable contribution to companies‚ increasing productivity by around 15%-50%. However‚ to some CEOs‚ telecommuting is not an attractive option. They think that most people exaggerate the significance of telecommuting because they worry about losing direct control over the employees. Actually‚ telecommuting can
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Eurozone stimulus looms as wage‚ inflation decline Governments and central bankers in the Eurozone are getting a little flexibility due to lessened inflation pressure‚ heads are turning towards stimulating economic growth. According to EU’s statistics office‚ they’ve hit the lowest annual inflation 1.8% in February. Some are raising expectations about the possibility of ECB cutting interest rates this year‚ because of the weaknesses in the Eurozone. Whereas opposed many are unsure
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Effect of Change in Price of Rice and Increase Income in the Philippine Economy In the Philippines‚ crop production is the largest component of agriculture. Rice dominated the food crop category and continues to be the most important commodity in the country. Some food crops‚ such as corn‚ coconut‚ sugarcane‚ banana‚ pineapple‚ mango‚ cocoa and coffee have also been exported. Foreign trade and domestic policies have significantly influenced the growth of Philippine agriculture in the past. Producers
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9.1 Sensory Reception Stimulus & Response Stimulus – detectable change in internal or external environment of an organism that produces a response in an organism • Ability to respond to stimuli – increases chance of survival e.g. detect and move away from harmful stimuli • Surviving organisms have greater chance of raising offspring – passing alleles to next generation‚ therefore a selection pressure favouring organisms with more appropriate responses Stimuli – detected by receptiors‚ transform
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Homework Week 2 3. What effect will each of the following have on the demand for small automobiles such as the Mini Cooper and Smart car? a. Small automobiles become more fashionable This will increase the demand in small automobiles b. The price of large automobiles rises (with the price of small autos remaining the same) The demand will increase c. Income declines and small autos are an inferior good. The demand will increase d. Consumers anticipate that the price of small autos
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Question text The effect on the accounting equation of the business buying a computer worth $900‚ paying $450 cash and owing $450 to be paid in 30 days’ time is: Select one: a. decrease the asset computers‚ increase the asset cash‚ decrease the liability accounts payable. b. increase the asset computers‚ increase the asset cash‚ decrease the liability accounts payable. c. increase the asset computers‚ decrease the asset cash‚ increase the liability accounts payable. d. increase the asset computers
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How to increase height ? 1. Drink Milk Milk is rich in calcium‚ an important mineral for bone growth. Calcium also acts as a height booster. Besides calcium‚ milk has vitamin A and protein that are essential for overall development of the body‚ including height. To increase your height by a few inches‚ drink at least two to three glasses of milk daily. In addition‚ eating dairy foods like cheese‚ yogurt and cream can have an effect on height. 2. Indulge in Yoga You can also do some yoga to increase
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High intensity interval training (HIIT) is a new popular method of exercising that optimizes your workout by completing a series of short‚ high intensity exercise (90% of your maximum heart rate =220-age).‚ followed by longer‚ lower-intensity exercise (55 to 70 % of your maximum heart rate=220-age). High intensity interval training is said to be significantly more beneficial than other forms of cardiovascular workouts because it challenges the body differently and is more extreme then a moderate
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Most people would agree that raising the minimum wage sounds like a good idea‚ but arguments arise concerning if this increase would benefit the economy. Jared Bernstein believes that a minimum wage increase would positively affect the American economy. He argues that the economy is driven by consumer spending and lowincome workers are very likely to spend their extra earned money. On the contrary‚ Douglas HoltzEakin strives to make the point that raising the minimum wage would not be beneficial to the economy
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