BMME5103 MANAGERIAL ECONOMICS ASSIGNMENT Question 1 a. Explain the production possibilities frontier (PPF). [2 marks] b. Analyse what it means for the PPF to be bowed out from the origin (curved)‚ and what it means for the PPF to be a straight line. [3 marks] c. State the Law of Increasing Opportunity Cost and explain why it holds. [3 marks] [TOTAL: 8 MARKS] Question 2 a
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Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Which of the following statements about marketing is true? A) It is of little importance when products are standardized. B) It can help create jobs in the economy by increasing demand for goods and services. C) It helps to build a loyal customer base but has no impact on a firm’s intangible assets. D) It is more
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ANSWERS TO QUESTIONS: 1. What are the significant regions in the titration curve? Relate the characteristics of each region to the pH results obtained. - There are four significant regions in each titration curve‚ namely the initial‚ pre-equivalence‚ equivalence‚ and post-equivalence points. These points are named according to its position relative to the equivalence point. The equivalence point signifies the volume of titrant at which the solution becomes neutral. This is represented in the
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Definition of managerial economics 7 1.2 Choice and opportunity cost 9 2.0 Basic concerns of economics 9 3.0.0 Theories of economics 12 3.1.0 The theory of demand 13 3.1.1 Tastes 14 3.1.2 Number of buyers 14 3.1.3 Income 14 3.1.5 Expectations 15 3.2 The theory of supply 16 3.3 The theory of production 16 3.4 The theory of price( in government) 17 3.5 The theory of consumer behaviour 17 3.5.1 Rational behaviour 17 3.5.2 Preferences 17 3.5.3 Budget constraint 18 3.5.4 Prices 18 4.0 Managerial Economics and Economic
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Answer all question 1. identify the main issues in this article. The main issues in this article are young boys are now likely joining gangs nowadays. Younger boys are usually get bullied or compromised by gangster. Most gang members are often from upper secondary school‚ they attract the younger boys to adore them and wanting like gang too. Gang usually invite the new boy who just entered their school and after joining them‚ they ask to get into random fights or get to a one-on-one fight
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transaction cost economics. Some organizations struggle whether or not to outsource the IT division. The company has two choices for any economic activity: going outside to market or perform the activities in-house. In any case‚ the cost of the activity is divided into production costs‚ and transaction costs. Production costs in the case of the in-house division‚ includes hardware and software‚ whereas the transaction cost‚ which are the activities related to implementing the economic activity includes
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SAP SD IMP NOTES ENTERPRISE STRCTURE CLIENT (Company)-A client is a self-contained technical unit. A client can be considered to be a synonym for group. Company Code • • • A complete Accounting unit can be representing as the smallest organizational unit of external accounting. At Company Code level we create Balance sheet required by law Profit and Loss statement. Each company code represents an independent accounting unit. Several company codes can use the same chart of account. Assignment
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(Prof. Alfred Marshall) We can define Nat ional Income as t he collective achievement of a nat ion. In t his way‚ t he Nat ional Income is t he aggregat e of t he individual incomes. (Prof. Gardner Ackley) Nat ional Income is t he basic concept of economic‚ which refers t o t he market value of t he goods and services produced during a part icular year. (Prof. Richard Lipsy) CONCEPTS OF NATIONAL INCOme ----1.GROSS DOMESTIC PRODUct Total value of output (goods and services) produced by the factors
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E-Business Ch. 6 – 10 Assignments Chapter 6 Questions 1) Is growth of the internet‚ in terms of users‚ expected to continue indefinitely? What will cause it to slow if anything? Internet growth is now currently slowing. This is because of computer costs. Unless the price of computers drop significantly the internet growth rate will continue to decline 3) Would you say that the Internet fosters or impedes social activity? Explain your position. I would say both. The Internet probably both
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accepts requests from computers connected to it and shares resources with those computers. 9. LAN f. A network of computers located close together 10. ISP h. A business that offers an Internet connection to your home or office Select the best answer from the list of choices. 11. The long-distance lines and supporting technology that transport large amounts of data between major network nodes are called a (n) a. Network backbone b. IAP c. TI line d. network access point 12. The type of cable
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