computerized machine factories). -Current economy with new technology is nothing of new as old elements and indicators are still in place to make determinations on health of economy. -If the ‘right’ infrastructure and enforcement mechanism are set correctly in place by the government‚ they can be effective catalysts to increase certain technology’s output and change on its environment. -The division between wealthy states and poor states is evident when the types of economic institution that
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Liberty of the person 1. No person shall be deprived of his life or personal liber save in accordance with law 2. Where complaint is made to a high court or any judge thereof that a person being unlawfully detained the court shall inquire into the complain and ‚ unless satisfied that the detention is lawful ‚ shall order him to be produced before the court and release him. 3. Where the person arrested shall be informed as soon as may be of the grounds of his arrest and shall be allowed to consult
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What is the present value of $150‚000 to be received 8 years from today if the discount rate is 11 percent? Question 1 options: | A) | $65‚088.97 | | B) | $71‚147.07 | | C) | $74‚141.41 | | D) | $79‚806.18 | | E) | $83‚291.06 | Question 2 (2 points) According to the Rule of 72‚ you can do which one of the following? Question 2 options: | A) | double your money in five years at 7.2 percent interest | | B) | double your money in 7.2 years at 8 percent interest
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This assignment has a maximum total of 100 marks and is worth 10% of your total grade for this course. You should complete it after completing your course work for Units 6 through 10. Answer each question clearly and concisely. 1. Suppose that a firm has fixed costs of $25 per day for renting one machine and its variable costs are as shown in the table below. Labour Output VC TC AFC AVC ATC MC 0 0 $ 0 25 ---- ---- ---- ---- 1 4 25 50 6.25 6.25 12.50 25 2 10 50 75 2.50 5.00 7.50 25 3 13 75 100
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Justice: What is the Right Thing to Do? The greatest happiness principle / Utilitarianism Example: The Mignonette & the cabin boy Parker (cabin boy) was an orphan. Mignonette sunk at sea. While on the lifeboat‚ Parker had drunk seawater out of desperation and appeared to be dying. On the 19th day Dudley (captain) suggested drawing lots to determine who should die so that others might live. Brooks (sailor 1) refused. Next day Dudley motioned to Stephens (sailor 2) to kill Parker. All 3 men
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Running head: ANTITRUST PRACTICES AND MARKET POWER Antitrust Practices and Market Power A slight inkling of antitrust by the consumers can easily destroy a company’s reputation; bring down years of hard work and dedication. This paper highlights the case of Apple Inc. There was a recent case US vs. Apple‚ that has been on news media. “The Justice Department today released some of the comments it received regarding the ongoing Apple e-book price-fixing case‚ and many of those
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Tariff Cuts in Vietnam The Vietnamese economy began to feel the impact of entry to the World Trade Organization (WTO) in January. Under its WTO commitments‚ Vietnam has begun to cut tariffs on more than 1800 imported items. The cut is quite large for some commodities‚ such as fabrics‚ where the tariff has dropped from 40 % to 12 %. Taking advantage of the lower tariffs‚ businesses have imported a large quantity of foreign goods‚ and the prices of goods at the retail stores have fallen as the
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|ECON1220 |Principles of Macroeconomics |2012-2013 | |Sections 001-004 |Tutorial Exercise 5 |2nd semester | Short-Answer Questions 1. Suppose you deposit $1‚000 at your bank‚ and the required reserve ratio (r) is 10%. Furthermore‚ assume that banks do not hold any excess reserves‚ and that the public do not hold any cash. Explain the money creation
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As Economics 1. Economics:- 1. The branch of knowledge concerned with the production‚ consumption‚ and transfer of wealth. 2. The condition of a region or group as regards material prosperity. 3. Economics is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses 2. Adam Smith Smith believed that competition (the belief that everyone should have a fair chance to compete to make‚ sell‚ and buy goods and services) was the key
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SOLUTION Explicit cost computation Items | GH¢ | Cost of products and services sold | 710‚000 | Selling expenses | 310‚000 | Administrative expenses | 90‚000 | Interest expense (bank loan) 90
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