4. MANAGERIAL ECONOMICS Assignment A: (any 3) Distinguish between the following: a) Industry demand and Firm (Company) demand‚ b) Short-run demand and Long run demand‚ and c) Durable goods’ demand and Non-durable goods demand. 2 . What are the problems faced in determining the demand for a durable good? Illustrate with example of demand for households refrigerator or television set. 3 . Analyze the method by which a firm can allocate the given advertising budget
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Diwali rituals Diwali‚ the festival of lights‚ is one of the important and widely spread holidays celebrated in India. It is a celebration of lights‚ and for many‚ it is truly a sensory experience; some families decorate their houses with all sorts of lights and open up to the neighbors‚ sharing their love and their food. Those celebrating Diwali spend time with family and friends. They perform religious ceremonies to bring in wealth and prosperity for a new year‚ cook and eat delicious food
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Originally named the Mid-Autumn Festival‚ the Moon Festival is one of the most important holidays celebrated by Chinese communities around the world. Traditionally‚ it is celebrated on the fifteenth day of the eighth lunar month in observance of the bountiful Autumn harvest. Although old rituals are no longer followed‚ families continue to gather for a day to relax and eat moon cakes. Upon this occasion‚ the legend of the Moon Goddess‚ CHANG-O‚ is often told to children. Once
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Thingyan festival – Water Festival – Myanmar New Year - in April The country Myanmar is Known as the "Golden Land" in the world since every pagoda is decorated and painted with gold. Myanmar is full of very colourful and deep rooted festivals. There are 13 most popular year around festivals in Myanmar. One of them is the celebration on Thingyan Festival‚ as the Water Festival or Myanmar’s Traditional New Year Festival. Myanmar people celebrate the Water Festival all over the country for 4 days
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Common sources of operational funding Funds are normally needed for the daily operation of the federal government as well as the state. The United States has various sources of operating funding sources that makes the federal government move forwards in terms of their economic growths. These are some of the operational funding that are being employed by Texas and surrounding states: Loans – Texas requires temporary cash. The state is supposed to look for loans that are provided at a lower rate of
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lived in there. As you know‚ a special festival involves in this legend called the Mid Autumn Moon Festival. It takes place on Middle August of Moon Calender every year. Mid is an exciting festival to Vietnamese people so they prepare carefully and have many exciting cultural activities. Mid is a celebration for children and moreover‚ during the Mid‚ all members of family gather with their relatives. So another name of this festival is “Reunite Festival” In preparation‚ people buy some fruits
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INTRODUCTION A business needs capital to be able to run its day to day activities. There are various sources of financing for businesses‚ whether it is for start up of for expanding. But before a business chooses a source of funding‚ the following must be taken into consideration: 1. Choosing the right source of capital is a decision that will influence a company for a lifetime. 2. The money is out there‚ the key is knowing where to look for it. 3. One must be creative in
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In the book “Not For Profit” Martha C. Nussbaum discusses how she believes the humanities is needed in modern day democracy and the important role it plays when producing informed citizens that are able to think critically. Her whole book points to the humanities as being the key to a successful democracy and should be taken into account when comparing different nation’s form of democracy. One would need to read the whole book in its entirety to fully understand her argument for the role of humanities
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9/6/2010 Assignment: Ms.Tacke Chinese Moon Festival Oh my gosh! The Chinese Moon Festival is coming up and I totally cannot wait! Just think of the moon cakes‚ chestnuts‚ sweet potatoes‚ rice balls and the big feast (with lobster‚ shrimp and ect.) when our relatives come over makes me drool. Oh‚ and walking with the toy lanterns at night (I guess I’m too old for that) I’m sorry‚ and I think I’m just too excited because the Chinese Moon Festival is my 2nd favorite holiday in Chinese custom
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ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
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