Managerial Economics Numerical Problems DEMAND AND ELASTICITY OF DEMAND Problem 1 The following are demand and supply equations of a pen manufacturer. Qd = 5‚00‚000 – 50‚ 000 P Qs = -1‚00‚000 + 1‚00‚000 P Find 1. At what average price‚ level of demand is equal to zero. 2. At what average price‚ level of supply is equal to zero. 3. Calculate the equilibrium price and quantity. Problem 2 Yashika Limited manufactures an automatic camera that currently sells at uS$90. Sales
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The problem that is in my own back yard is the homeless in Indiana. Homeless is defined as “without a home”‚ “typically living on the streets.” There is many questions involving the homeless. How widespread is it? How bad is it? Who might help? How do they provide help? Can I or how would I help? Well I hope to answer all of these questions. The homeless problem is widespread‚ country-wide even‚ but I am going to focus on the problem in terms of Indiana. It is a problem for men and women‚ it is
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area is newly developed‚ most of the amenities are still in developing stage. The landscaping‚ playground and security need improvement. The playgrounds lack play materials for the children‚ this was a yearly occurrence and one would think a solving‚ no matter how small would have been thought up before then. We rallied around yet again trying to provide the children with a fun and safe playground for the day‚ The neighborhood lacks one. The playgrounds are unsafe for children due to some default
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opportunity cost. Free goods Goods that have no opportunity cost‚ e.g. Air Factor market The market for the factors of production that make other goods and services such as labour or raw materials. Free market economy One in which there is very limited government involvement in providing goods and services. Division of labour Dividing one task into many little ones. Value judgements Opinions or statements which depend on the views of the individual Normative statements Opinions that
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Unemployment Problem In Bangladesh Bibliography There are no sources in the current document. Unemployment means want of work. A man is said to be unemployed if he has no work to do. In our country it is not easy to get a job. Thousands of our people are passing their days without work. The causes of unemployment are many. The growth of population in our country is very high while opportunities of work are limited. Our country is industrially backward and cottage industries have almost decayed
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STATEMENT OF THE PROBLEM With Micro (Tiny) businesses traditionally known as Village and Cottage industries as their counter part‚ Indian SMEs have ancient heritage. But many Handloom SME’s are facing the problems of competition from power loom and mill sector‚ Unskilled Labour‚ lack of finance etc.‚ This paper attempts to explore the reasons of high cost of silk sarees manufactured by Small and Medium Enterprises. Certain innovative measures are suggested to reduce the cost of manufacturing a silk
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The Population Problem Two hundred years ago‚ Thomas Malthus‚ in An Essay on the Principle of Population‚ reached the conclusion that the number of people in the world will increase exponentially‚ while the ability to feed these people will only increase arithmetically (21). Current evidence shows that this theory may not be far from the truth. For example‚ between 1950 and 1984‚ the total amount of grain produced more than doubled‚ much more than the increase in population in those 34 years.
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Urbanization has undoubtedly transformed modern life‚ creating new opportunities in the areas of work‚ study and leisure. However a number of problems have arisen as a result of this trend. Hanoi city is taken as an example of spontaneous urbanization transition. I. Introduction Urbanization is the process of the physical growth of a city either by migration from the countryside area or due to the natural increase of people within the city. It also refers to the change from a predominantly
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Problem gambling refers to excessive gambling activity and to interpersonal and vocational problems that resulted from gambling. In explaining the causes of problem gambling behaviour‚ the dominant approach nowadays is to treat it as a kind of sickness related to addiction. Hence the term pathological gambling is coined to describe problem gambling behaviour. Such a medical description‚ however‚ represents an attempt to understand and explain in medical terms behaviours that violate normative
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The Problem with Scripture 2000 years ago‚ the great Siddhartha Gautama taught a timeless lesson. He voiced‚ "Don’t go by reports‚ by legends‚ by traditions‚ or by scripture. It is not that these things should be discarded‚ but ultimately it’s experience and the opinion of the wise that should be your guide." Within this simple phrase‚ Buddha left me pondering the true identity of our guide and wondering whether the general populace’s faith in scripture is ill-founded. The latter seems to be
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