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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Violence against women is an everyday reality act now‚always and forever before its too late. I was told Indian women don ’t think like that about equality. But I would like to argue that if they don ’t think like that they should be given a real opportunity to think like that." -- Amartya Sen …gender equality is critical to the development and peace of every nation." -- Kofi Annan "…there is no tool for development more effective than the empowerment of women." -- Kofi Annan "women themselves
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Gas prices 538852 Fletchers Meadow S.S Fluctuating Gas price Gasoline has become an essential part of life‚ something in which many of us have become dependent on. The price of gas is closely watched by the millions of consumers‚ and with the fluctuating prices it has many of us feeling drained‚ and always asking a common question; why do gas prices rise and fall? There are several factors that cause gas prices to fluctuate. One factor being the price of crude oil itself. Crude oil is used
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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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Financial Management Financial Planning and Forecasting Key Chapter Concepts 1. Firms need to conduct two types of planning —strategic planning‚ and a subset‚ operational planning. a. Strategic planning is long range in nature and deals with the overall direction of the firm. b. Operational planning serves as a blueprint detailing where the firm wants to be at some future point in time and what resources are needed to get there. 2. Financial forecasting involves the estimation of the
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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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Tiuana Goodfella Essay 3 An American social entrepreneur‚ David Green‚ recently stated the following: “Let’s face it. The market economy is based on a fundamental deception: I (a company) know how much it costs to make something‚ and I’m going to fool you‚ the consumer‚ into paying as much as possible. I find this assertion false and misguided. While some markets are more desirable than others‚ no one is being fooled into paying as much as possible. In the following essay I will evaluate each
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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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