TUTORIAL 10 (27 – 31 OCTOBER) SOLUTION GUIDE Question 1 Henry‚ Carla and Fred are housepainters. Henry and Carla can paint 100 square metres per hour using a standard paintbrush‚ while Fred can paint 80 square metres per hour. Any of the three can paint 200 square metres per hour using a roller. (i) If Henry‚ Carla and Fred have only paintbrushes at their disposal‚ what is the average productivity (in terms of square metres per painter hour) for the three painters taken as a team? Assume the three
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1. Introduction: Service provision is often an economic activity where the buyer does not generally‚ except by exclusive contract‚ obtain exclusive ownership of the thing purchased. The benefits of such a service‚ if priced‚ are held to be self-evident in the buyer ’s willingness to pay for it. Public services are those‚ that society (nation state‚ fiscal union‚ regional) as a whole pays for‚ through taxes and other means. By composing and orchestrating the appropriate level of resources‚ skill
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Agency problem and its solutions Introduction Principal-agent relationship occurs when a principal contracts an agent. The principal hires the agent to perform a service for him or to act on his behalf. For example‚ in a large corporation‚ shareholders would hire managers to help them to organize the company in dairy business. However‚ agency problems may arise because of the conflict interest and asymmetry information between principals and agents‚ which lead to agency costs. In this essay‚
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Marcela Levayova Social Psychology February 09‚ 2015 Heuristics In a video called Attitudes and Attitude Change‚ professor Mahzarin Banaji talks about implicit attitudes and how it is an unconscious decision maker that works for us when we make decisions. Implicit attitudes rest in our minds‚ they are our likes and preferences just like any other attitude. It is not conscious and we might not be aware of it therefore it can’t be controlled either. Heuristics are believed to be also unconsciously
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MANAGERIAL ECONOMICS ECO 556 BM221 4c “DEMAND FOR VE MICROWAVE OVEN” TABLE OF CONTACT 1.0 INTRODUCTION 2.0 METHODOLOGY 3.0 DATA DEMAND FOR VE MICROWAVE OVEN 4.0 EQUATION 5.0 FINDINGS AND INTERPRETATION 5.1 Evaluation of Statically Significant At 95% Or Significant Level for Each Independent Variable. 5.2 Interpretation Coefficient of Determination 5.3 Interpretation of F-Test 5.4 Interpretation of Standard Error of Estimate 5.5 Derivation of Demand Curve 5.6 Elasticity of Demand
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Barriers to entry: In theories of competition in economics‚ barriers to entry are the obstacles and hindrances that make it difficult for a company to enter a given market or industry. The most common barriers to entry include government regulation and economies of scale‚ but nowadays it is increasing for entry barriers to be viewed as a cost. Stigler defined barriers to entry as “A cost of producing which must be borne by a firm which seeks to enter an industry but is not borne by firms already
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http://www.southasiaanalysis.org/%5Cpapers19%5Cpaper1852.html [Accessed 02th June Tahmina‚ Q. A. (2006). LABOUR-BANGLADESH: Garment Exports Thrive on Dirt Wages. Uddin‚ M. S. and Jahed‚ M. A. (2007). Garments Industry: A Prime Mover of the Socio Economic
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ECN 101 Intermediate Macroeconomic Theory | Winter 2013 Problem Set #2: Long-Term Economic Performance Revised: January 31‚ 2013 Due: beginning of class Wednesday January 30‚ 2013 1. National accounts in Blenderville (35 points). Jimmy Buffett has decided to apply for membership in the European Union on behalf of his newly sovereign nation‚ Blenderville. As part of his application‚ he must provide the EU technocrats with a complete set of national accounts. You have been hired as the Chief National
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March 5‚ 2001 at 1:00AM in the morning suddenly‚ I wake up because of the phone in my room was ranging too loudly. Before waking up anyone in my house‚ I ran very first picked up the phone‚ and said "Hello." At first no one was giving me any answer from the other side. I was really mad. Suddenly‚ I heard a woman voices from the other side very politely‚ and she said‚ "Aaron‚ you are matured enough‚ don’t you know what you are doing‚ which is totally wrong‚ you should respect our culture our religions
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Solution Since our restaurant facing some problems about queuing and cleanliness‚ therefore we have come out some solutions to solve those problems. 1. Solution for solving queuing problem We were chosen to use high technology to solve this queuing problem. The high technology that we will use is technology-driven customer relationship management (CRM) system. The technology-driven customer relationship management (CRM) system that we will use is called as Beeping UFO. As its name‚ Beeping
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