additional hour in leisure rather than preparing food. c) (4 marks) Juanita chooses to spend one-quarter of her time in leisure. In the diagram in (a)‚ show that this is her optimal choice‚ and indicate the division of her time. Ans: need an indifference curve tangent to the budget line at leisure = 18/4 = 4.5. Remainder of time is spent in home production. Now suppose that Juanita is able to engage in paid employment as well as leisure and homework. Paid employment offers her a wage of $12 per hour; with
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QUESTIONS FOR PRACTICE AND REVIEW TOPIC 2 – THEORY OF CONSUMER BEHAVIOR 1) The price of DVDs (D) is Rs 200 and the price of CDs (C ) is Rs 100. Ajay has a budget of Rs 1000 to spend on the two goods. Suppose that he has already bought one DVD and one CD. In addition‚ there are 3 more DVDs and 5 more CDs that he would really like to buy. a. Given the above prices and income‚ draw his budget line on a graph with CDs on the horizontal axis. b. Considering what he has already purchased and what he
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Solubility Curve of Sodium Nitrate Data collection |Temperature (°C) | |Mass of solute in 5ml (g) |Mass of solute in 100ml (g) | |1st set of data |2nd set of data |Average | | | |23.5 |24.0 |23.8 |4.5
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COMMON GUIDELINES FOR MODEL QUESTION PAPER PATTERN In view of current challenges in imbibing quality in MBA education‚ the following changes are proposed by the Board of Examination in the Evaluation pattern of I Semester MBA from Jan/Feb 2012 examination on wards. Construct of Question Paper All 8 Modules should be given importance and questions need to be jumbled from all modules. No question should be set from practical component part of the syllabus. Theory based courses Subjects Knowledge
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Chapter 1 Introduction to Capital Market 1. Capital Market Capital markets are financial markets for the buying and selling of long-term debt- or equity-backed securities over one year is traded. Security includes- shares‚ debentures‚ bonds etc. A key division within the capital markets is between the primary markets and secondary markets. In primary markets‚ new stock or bond issues are sold to investors‚ often via a mechanism known as underwriting. The main entities seeking to raise
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Principles of Microeconomics (ECO2103) Diploma in Business Administration Mehdi Tasaloti mehdi.tasaloti@newinti.edu.my Faculty of Business‚ Communication & Law (FOBCAL) INTI International University August 2014 Session Faculty of Business‚ Communications and Law INTI International University 1 Class syllabus for Long semester Week 1-3 4-6 Topic Economics Concepts‚ Issues & tools Price Theory ( Demand & Supply) / Individual assignment/ Test 1 7&8 Applications
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Acid-base titration Aim To study the titration curve of a strong base-strong acid‚ strong base-weak acid and weak acid-strong base titrations Introduction Acid-base titrations are based on the neutralization reaction between the analyte and an acidic or basic titrant. When an acid and a base are present in a stoichiometric amount e.g. 1 mole HCl added to 1 mole NaOH‚ this means that the equivalent point has been reached in an acid-base system. The end point of an acid-base titration can be
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maximum local responsiveness Customize product offering‚ market strategy (including production and R&D) according to national conditions; compete through localization of products‚ no standardization Generally unable to realize value from experience curve effects and location economies Possess high cost structure due to decentralization C Global standardization strategy- “Be cost-effective”: Focus is on increasing profitability through a low cost strategy: maximize cost reductions that
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ECONOMIES OF SCALE AND ECONOMIES OF SCOPE Economies of scale are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms‚ which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service. A distinction can be made between internal and external economies of scales. Internal economies of scale occur when a firm reduces costs by increasing production. External economies
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association to While we are remebering ‚we should notice Something we should not forget : The pronunciation and the explaintion in English. the reasons¡¡ The schedule Make your Schedule or plan.We best follow the ebbinghaus forgetting curve Choose one tool: why?As we all know Good tools are prerequisite to the successful execution of a job.As a result ‚firstly‚ we should choose a good vocabulary book. The character of the good vocabulary book should have: the meaning Here are
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