Part A – Microeconomics: Question 1: Indicate whether each of the following changes in price cause total revenue to increase‚ decrease or remain unchanged? Explain why. (2 marks each) a Price falls and demand is elastic; b Price rises and demand is elastic; c Price falls and demand is unitary elastic; d Price rises and demand is unitary elastic; e Price falls and demand is inelastic. Question 2: a Define‚ describe and illustrate with a diagram‚ one opportunity cost
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Managerial Economics & Business Strategy Chapter 4 The Theory of Individual Behavior Michael R. Baye‚ Managerial Economics and Business Strategy‚ 6e. ©The McGraw-Hill Companies‚ Inc.‚ 2008 Overview I. Consumer Behavior Indifference Curve Analysis Consumer Preference Ordering II. Constraints The Budget Constraint Changes in Income Changes in Prices III. Consumer Equilibrium IV. Indifference Curve Analysis & Demand Curves Individual Demand Market Demand Michael R. Baye‚ Managerial
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1. You are installing a network card in a computer that has several devices configured. There is a printer on LPT 1‚ a mouse on COM 1‚ a modem on COM 2‚ and a SCSI host adapter occupying IRQ 10. The computer also has a sound card using IRQ 5. If your network card supports IRQs 3 through 5 and 9 through 11‚ which of the following IRQs could you set it for in this computer? IRQ7 IRQ3 IRQ10 None of these IRQ4 IRQ5 2. A 100BaseVG network is build on a ______ topology with all computers attached
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EXERCISE 1: CL Accounts payable CA Accounts receivable PPE Accumulated depreciation – Equipment PPE Buildings CA Cash CL Interest payable IA Goodwill CL Income taxes payable CA Inventory LTI Investments PPE Land LTL Mortgage payable CA Supplies PPE Equipment CA Prepaid rent EXERCISE 2: Account Debit or Credit Financial Statement Accounts Payable Credit Balance Sheet Accounts Receivable Debit Balance Sheet Common Stock Credit Balance Sheet Depreciation Expense Debit Income Statement
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Part One: Short Answers 1. What is the primary and secondary purpose of the website? The primary purpose of the Justice and Police Museum website is to inform viewers about the history of Australia’s justice system‚ police force and criminal past. This site also provides information about the location‚ admission prices and things to do as well as certain things people can learn about such as forensics and notable figures in historical Australian crime. The secondary purpose of this website is to
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Introduction Managerial Economics and Business economics are the two terms‚ which‚ at times have been used interchangeably. Of late‚ however‚ the term Managerial Economics has become more popular and seems to displace progressively the term Business Economics. The discovery of managerial economics as a separate course in management studies has been attributed to three major factors: i) The growing complexity of business decision-making processes‚ because of changing market conditions and the globalization
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ANSWERS TO END-OF-CHAPTER QUESTIONS 14-2 The two principal reasons for holding cash are for transac¬tions and compensating balances. The target cash balance is not equal to the sum of the holdings for each reason because the same money can often partially satisfy both motives. 14-4 The four elements in a firm’s credit policy are (1) credit standards‚ (2) credit period‚ (3) discount policy‚ and (4) collection policy. The firm is not required to accept the credit policies employed by its
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live‚ what to avoid‚ what to seek‚ how to get it. We need that guidance not only in isolated cases‚ but in the most fundamental questions in our lives: What kind of person do I want to be? What lifestyle do I want? What purpose or goals should I seek? Ethics is the branch of study dealing with what is the proper course of action for us as humans. It answers the question‚ "What do I do?" It is the study of right‚ wrong‚ good and bad‚ in human endeavors. It is the method by which we categorize our
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EXAMINATION PGDIM XIth BATCH EC01 BUSINESS ECONOMICS Date: 23 September 2004 Time: 9.30 am to 12.30 am Maximum marks: 60 Instructions: Attempt any three questions out of four. All questions carry equal marks. Start each answer on a fresh page. Parts of the question must be answered together. Use appropriate tables‚ diagrams‚ equations to support your answers. Assume suitable assumption wherever necessary. Q 1(a) Mrs. Palekar has Rs 1 million‚ which she must allocate between Indian
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1. What is Bank? Institution which accept deposit for lending Banks are the financial institutions that mobilise the savings of the community and make them available to the people for generating income. A bridge between the user of capital and those who save but can’t use the funds themselves. 2. What are the functions of Banks? 1. Receipts of Deposits: 3 types of deposits- Current deposits‚ Savings deposits‚ Term deposits 2. Lending of Money: Cash Credit‚ Over Draft‚ Loans and Advances 3. Agency
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