MACRO ECONOMICS Classical Dichotomy The classical dichotomy is rooted in the understanding that in the long run‚ real output is determined by “real” inputs such as labour‚ capital‚ natural resources and TFP‚ but not money. This means that changes in the money supply determine changes in the price level over time‚ but not real output. However‚ it is important to remember that the classical dichotomy applies only in the long run. Almost all economists would agree that money and price can have very
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FUNCTION | DESCRIPTION | DAVERAGE | Returns the average of selected database entries | DCOUNT | Counts the cells that contain numbers in a database | DCOUNTA | Counts nonblank cells in a database | DGET | Extracts from a database a single record that matches the specified criteria | DMAX | Returns the maximum value from selected database entries | DMIN | Returns the minimum value from selected database entries | DPRODUCT | Multiplies the values in a particular field of records that
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Newsletter‚ Research Paper‚ and Mailing Labels Project Description: In the following project‚ you will format a newsletter by inserting pictures and screenshots‚ applying two-column formatting‚ and adding a border to a paragraph. You will edit and format a research paper by inserting footnotes‚ creating citations‚ and formatting a bibliography. You will also create mailing labels. Instructions: For the purpose of grading the project you are required to perform the following tasks: Step
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Question 1 Consider the following Excel screenshot: Cells C10:C13 are a named range called “Province”. Which of the following is the correct entry in the ‘Source’ field in the data validation dialogue box to display the drop-down list in the cell F4 if cells C10:C13 is a named range called “Province”? A) B) C) D) Ontario‚Quebec‚Alberta‚British Columbia =C10:C13 Province ={Ontario‚Quebec‚Alberta‚British Columbia} Questions 2‚ 3 Consider the following Excel screenshot: Which of the following is
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Macro environments relates to the larger forces that have an impact on society as a whole and not just on one or a few organizations. A single organization cannot usually have a significant impact on these forces and therefore can only adapt its marketing mix to account for the opportunities and threats that arise. The company’s macro-environment consists of six major forces that impact on organizations. The six major forces are demographic trends‚ economic trends‚ natural trends‚ technological
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The Macro-environment The macro-environment includes concepts such as demography‚ economy‚ natural forces‚ technology‚ politics‚ and culture. Demography refers to studying human populations in terms of size‚ density‚ location‚ age‚ gender‚ race‚ and occupation. This helps to divide the population into market segments which can be beneficial to a marketer in deciding how to tailor their marketing plan to attract that demographic. The economic environment refers to the purchasing power of
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ANALYSIS SIMPLIFIED FOR YOU) COURSE DURATION: 20 HOURS PER SEMESTER COURSE CREDITS: 02 1. ESSENCE OF ECONOMICS Problems of an economy; Solutions of these problems; Alternative system to tackle the problems; Economics‚ micro – economics & macro – economics; Basis building blocks of microeconomics – rationality‚ marginalism‚ opportunity cost‚ general & partial equilibrium. 2. FALLACIES AND PITFALLS Economics is about decision making‚ fallacies in decision making‚ fallacy of assumption
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EXCEL SOLVER TUTORIAL Many firms face the problem of how to best use multiple scarce resources. Linear programming is designed to help find the product mix that maximizes profits in the short run when multiple constraints exist. While linear programming can be solved as a mathematical problem using pencil and paper‚ it is much more efficient to use Excel Solver. The key to using Excel Solver is to make certain you have modeled the problem correctly and then interpreted the results appropriately
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Comparison of Sage‚ Excel and other packages Accounting can be very time consuming and complex therefore accounting software has been created in order to make this more straightforward and less time consuming for those using it. Features of accounting software range from program to program but all provide basic features which usually include accounts payable‚ accounts receivable‚ inventory‚ fixed assets and analysis. Software can be simply bought off-the-shelf‚ purpose built‚ or purchased
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5. INTRODUCTION TO LINEAR PROGRAMMING (LP) Learning Objectives 1. Obtain an overview of the kinds of problems linear programming has been used to solve. 2. Learn how to develop linear programming models for simple problems. 3. Be able to identify the special features of a model that make it a linear programming model. 4. Learn how to solve two variable linear programming models by the graphical solution procedure. 5. Understand the importance of extreme points in
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