No. of Printed Pages : 8 MEC-001 MASTER OF ARTS (Economics) In cV O Term-End Examination June‚ 2010 MEC-001 : MICRO ECONOMIC ANALYSIS Time : 3 hours given under each section. SECTION - A Maximum Marks : 100 Note : Attempt questions from each section as per instructions Answer any two questions from this section : Present and explain Slutsky’s theorem : (a) graphically and (b) mathematically. 2x20=40 A monopolist operates two plants : 1 and 2. The marginal costs of the two plants are given
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International economics Kap1 International trade * Globalization * Many definitions * The process that makes trade‚ transport‚ transactions‚ exchange of information and mobility across national (and other) borders and across long distances‚ cheaper and easier. * Globalization is long run trend for all societies‚ * Technological globalization * Political globalization * Size Matters: The Gravity Model Technology * Technology for transport
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Economics assessment outcome 1 As Sony begins production of their new product‚ PlayStation move‚ define the following costs and explain the short run influences on each. Illustrate your explanation of each cost with a diagram. 1a.As Sony begins the production of their new product‚ the total cost of the firm is the total cost incurred in the production of their output‚ Sony total cost will include their variable and fixed cost‚ an example of variable cost is the raw materials. The variable cost
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Homework #3: Question 1. Problem and Application 4 on page 285. Please work on a‚ b‚ c‚ d‚ and e only. That is‚ ignore f. When you reconstruct the table in your work‚ please lower the space for Marginal Product and Marginal Cost by a half step. In other words‚ the first entries of Marginal Product and Marginal Cost should be aligned with the second entries of other columns. (50 points) Table of Costs: Worker Output Marginal Product Total Cost Average Total Cost Marginal Cost 0 0 --
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ECONOMICS FINAL EXAM ➢ TEST 1 1. Which of the following topics typifies microeconomics as opposed to macroeconomics? An individual’s decision about which goods to buy with his or her income. 2. If the number of workers unemployed in an economy decreases‚ then the economy moves from a point inside its PPF to a point closer to its PPF. 3. An economy is said to be efficient if it is not possible to produce more of one good without producing less of another. 4. Technological
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Jesse Manso 9/16/2014 Tues/Thurs 10:50 BUS101 Assignment on Economic Indicators 1.) Housing starts lowest in months Housing starts are the number of new residential construction projects that are being done at a given time. When housing starts are particularly low it could mean bad news for the economy and also for both large and small businesses. If houses are not being built‚ people are not spending money on the initial construction. If there’s not construction‚ there are no jobs being
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Health Policy Analysts: How do they do it? The description of a policy analyst is pretty much straight forward; they basically evaluate and formulate a policy. With that being said the job is not so easy‚ they can work for nonprofit organization‚ government agencies‚ and news outlets. If they are highly skilled the demand for their services is great‚ especially if their skills lie in area of policy that currently is important to social or political interests. Some policy analysts are involved
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Economic Analysis for Managers CHAPTER 11 (TECHNICAL QUESTIONS) 1. Do government statistics calculate GDP by simply adding up the total sales of all business firms in one year? Explain. GDP is the market value of all good and services produced in the United States in one year. It includes only final goods and services‚ so the sales of any firms producing intermediate goods are not included. GDP is usually calculated by adding up spending on consumption‚ investment‚ government‚ and net
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war for market share goes on yet Samsung is able to maintain a high market share in TVs and smartphones. It is the innovative ideology of Samsung that has driven it to the top. Smart Camera & Smart TV as a monopoly What is Monopoly? In Economic terms ‘Mono’ means ‘one’ and ‘Poly’ means ‘Seller’. So basically it occurs when there in only one seller of a particular commodity in a market. There is no close substitute for the product in the market so the seller has complete power to set its
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In society today there are many social-economic factors that may influence an individual’s health and illness. Thinking about health‚ it is acceptable in today’s society that health is not a fixed thing. More aches and pains come as people get older and this is accepted as a normal part of ageing‚ but these aches and pains for a younger person are not accepted as normal. "It has been argued by many sociologists that what has been considered to be normal in one society or in one period of history
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