the inflation rate for 2011 and 2012. 2. Using the follwing specification to estimate China’s money demand function or the LM function: Note: The above modell is based on the Cagan type of money demand. Everything in the model except interest rate Rt (bond rate) is in logrithms. 2. Using data in the following tables *Table 1 to Table 4) to estimate China’s money demand function. Based on the IMF Financial Programming model‚ discuss China’s monetary policy. Table 1 Foreign
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cycle condition is also sufficient for optimality. The transportation problem is concerned with finding an optimal distribution plan for a single commodity. A given supply of the commodity is available at a number of sources‚ there is a specified demand for the commodity at each of a number of destinations‚ and the transportation cost between each source-destination pair is known. In the simplest case‚ the unit transportation cost is constant. The problem is to find the optimal distribution plan
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Inflation 2. A comprehensive formulation which specifies the factors that influence the demand for the product a. Market demand b. Demand schedule c. Demand function d. Income effect 3. It is computed when the data is discrete and therefore incremental changes is measurable a. Substitution effect b. Arc elasticity c. Point elasticity d. Derived demand 4. Goods & services used for final consumption is called a. Demand b. Consumer goods c. Producer goods d. Perishable goods 5. The curve at which satisfaction
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Capacity and Process Technology Strategy Advice for Bonkers Chocolate Factory: A central aspect of the dynamic problem facing a business in an evolving and competitive industry is the decision about additions to productive capacity. The purpose of this report is to provide strategic advice for the CEO of Bonkers Chocolate Factory (BCF)‚ the U.S division of a multi-national candy company operating in the highly competitive chocolate products market. In late 2001‚ the main issue facing BCF management
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About the Author: Chris Anderson was born on July 9‚ 1961. He is an American author. He was with The Economist for seven years‚ then joining WIRED magazine in 2001 where he was the editor-in-chief until 2012. He is known for his 2004 article entitled The Long Tail; which he later expanded into the 2006 book‚ The Long Tail: Why the Future of Business Is Selling Less of More. He is the co-founder and chairman of 3DRobotics‚ a robotic manufacturing company. His book The Long Tail: Why the Future
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increase in the demand for input factors for one key reason. Every day‚ new companies will be introduced into this market of remodeling‚ economic profits being the encouraging factor. Because of this‚ there will be a bid up on input prices for the companies in the industry of remodeling. “When a market is characterized by a large number of small producers‚ the demand curve facing the manager of each individual firm is horizontal at the price determined by the intersection of the market demand and supply
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so many firms in the industry that each one produces an insignificantly small portion of total industry supply‚ and therefore has no power whatsoever to affect the price of the product. It faces a horizontal demand ‘curve’ at the market price: the price determined by the interaction of demand and supply in the whole market. • There is complete freedom of entry into the industry for new firms. Existing firms are unable to stop new firms setting up in business. Setting up a business takes time‚ however
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Transcendental Functions Functions can be categorized into two big groups – algebraic and non-algebraic functions. Algebraic functions: Any function constructed from polynomials using algebraic operations (addition‚ subtraction‚ multiplication‚ division and taking roots). All rational functions are algebraic. Transcendental functions are non-algebraic functions. The following are examples of such functions: i. iii. v. Trigonometric functions Exponential functions Hyperbolic functions ii. iv. vi.
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Graded Assignment Checkup: Graphs of Logarithmic Functions Answer the following questions using what you’ve learned from this unit. Write your responses in the space provided‚ and turn the assignment in to your instructor. 1. What is equivalent to? How do you know? 6xlog(b)B 2. What is equivalent to? How do you know? 4.3 3. What is equivalent to? How do you know? 400 4. Use what you know about horizontal and vertical shifts of functions to sketch a graph of . 5. What is the domain
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Assignment 4 April‚ 7 2013 Mat222 In this week of class we have been taught how to evaluate‚ combine and find inverses of working relations or functions. We will be computing‚ composing‚ transforming and finding the inverse of some functions. We are working with the following functions: f(x) = 2x+5 g(x) = x2 -3 h(x) = (7-3x)/3 We have been asked to compute (f – h)(4). (f – h)(4) = f(4) – h(4) So we can evaluate each separately and then subtract. f(4)
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