Consumer Choice Exercise 1. Function U allows us to know how that agent orders different combinations of goods x e y according to his preferences. For each of the following representations what is the shape of the indifference curves and what is the marginal rate of substitution (MRS)? What does that tell you about the agent’s preferences? a. U x 2 y x y b. U min ‚ 3 4 c. U xy d. U x 2 y Exercise 2. Consider the following utility functions: a. U ( x‚ y) ( x
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Participation awards have become very popular since the 60s and have been introduced into many activities and sports. The purpose of these awards is to encourage youth to participate in activities and sports. Though participation awards are meant to encourage youth‚ they are having negative effects on the youth they are introduced to. Participation awards provide a false sense of accomplishment and can have harmful effects on the youth’s motivation and ability to lose. In the first place‚ participation
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Charlotte Beers at Ogilvy & Mather Worldwide (A) 1. What is Beers trying to accomplish as CEO of Ogilvy and Mather World Wide? The people at Ogilvy & Mather didn’t take Charlottes appointment to the agency with enthusiasm. She wasn’t from O&M and they didn’t like outsiders. But Beers had a charm and passion that made an impression with the firm and its insiders. Her first order of business was to remove the word “beleaguered” from press reports. She felt that people had lost sight of Ogilvy’s
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1. Wisdom and Intelligence 2. Maturity to make sound decisions 3. Ability to assume responsibility sooner because less training is required. 4. Ability to assess‚ identify and act upon situations with colleagues‚ customers better because of knowledge from experience in life and work. Not learned in classroom 5. Make good mentors and coaches in their fields of experience 6. You do not lose 2 hours of productivity time per day for texting 7. Less arrogant 8. Valuable long-term
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1. Explain the behavior of consumer from the point of view of Utility Theory. As consumers‚ we are constantly forced into making choices. They face a variety of goods and services which can be purchased‚ but often are limited by the amount of money with which those purchases can be made. The utility theory‚ also sometimes referred to as the consumer behavior theory‚ is often used to explain the behavior of individual consumers and the amount of satisfaction a consumer derives from the consumption
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The title of the movie Real Women Have Curves has a double meaning. Not only does it refer to body shape‚ but it also refer to the person who has the guts to do something and always is able to reach her goal. The director of this movie is Patricia Cardoso‚ who launched this funny and dramatic film. Basically‚ this movie is about the battle between a woman’s desire to better her life through education and the traditional expectations of her family. Ana is the character throughout the movie‚ who has
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compute the firm’s value. c. the price for which the firm can be sold minus the present value of the expected future profits. d. both b and c 2 A price-taking firm can exert no control over price because a. the firm’s demand curve is downward sloping. b. of a lack of substitutes for the product. c. the firm’s individual production is insignificant relative to production in the industry. d. many other firms produce a product that is nearly identical to
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best fit. I would have had the person on board quickly as this was a key position and cannot be left open for a longer period. I figured that if we narrow the gap on the remuneration it would be a great carrier move for Candidate B; the learning curve would be steep‚ which would be good for the team. This would be a Win-Win situation for everybody. I took the initiative to narrow the gap on remuneration by having separate internal discussions and with the Candidate‚ and finally emerged successfully
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through which I become more skilful’ (Schon 1983 p371) it is an integral part of the learning process. It allows us to assess ourselves and how we learn and it also helps us to improve our academic skills. I will use this tool to review the learning curve I am currently experiencing‚ concentrating on the learning outcomes that are significant to me in Personal Development Journal. As I am relatively new to teaching I have found that I am faced with new challenges and obstacles in both the teaching
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MIT Sloan Finance Problems and Solutions Collection Finance Theory I Part 1 Andrew W. Lo and Jiang Wang Fall 2008 (For Course Use Only. All Rights Reserved.) Acknowledgements The problems in this collection are drawn from problem sets and exams used in Finance Theory I at Sloan over the years. They are created by many instructors of the course‚ including (but not limited to) Utpal Bhattacharya‚ Leonid Kogan‚ Gustavo Manso‚ Stew Myers‚ Anna Pavlova‚ Dimitri Vayanos and Jiang Wang. Contents 1
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