09^4)) + (150000/(1.09^5)) = $583‚447.69 Thus‚ the maximum amount I would pay for an asset is $583‚447.69 Question 8) a) Accounting profit = (Total amount taken in from sales) – (Dollar cost of producing goods) = $200‚000 - $20‚000 = $180‚000 b) Economic profit = (Total revenue) – (Total opportunity cost) = $200‚000 - $20‚000 - $100‚000 = $80‚000 Question 21) a) The rivalry exists between the Southern Shrimp Alliance and Brazilian Producers along with five other countries. The rivalry
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The Economic Problems of the Welfare System Economics 405- Economic Problems and Issues Describe the selected economic problem. Welfare is a drain on the economic system in America. Developed in the 1930’s‚ welfare’s intended purpose was to help low income Americans get on their feet‚ but it turned out to be a slow sinking hole with little help of getting out. The majority of individuals that rely on the welfare system are young single mothers with little education
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Paul Adrien Maurice Dirac Patrick Ennis Mrs. Carter Research Monday‚ December 9‚ 1996 "Physical Laws should have mathematical beauty." This statement was Dirac’s response to the question of his philosophy of physics‚ posed to him in Moscow in 1955. He wrote it on a blackboard that is still preserved today.[1] Paul Adrien Maurice Dirac (1902-1984)‚ known as P. A. M. Dirac‚ was the fifteenth Lucasian Professor of Mathematics at Cambridge. He shared the Nobel Prize for Physics in 1933 with
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MANAGERIAL ECONOMICS: Analyzing Strategic Behavior in Business Chapter 2 Demand and Supply MANAGERIAL ECONOMICS: Analyzing Strategic Behavior in Business Thomas J. Webster 1 Lecture Overview • • • • • • • • • • Introduction Law of demand Demand determinants Estimating the market demand equation Consumer surplus Law of supply Supply determinants Producer surplus Market equilibrium Changes in demand and supply: Price and output determination 2 Introduction • In this lecture‚ we
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UNIT 1 – FUNDAMENTAL PROBLEMS OF ECONOMIC SYSTEMS 1.1 INTRODUCTION In this unit you will get acquainted with the fundamental problems of the economy. The understanding of the concept will help you bring closer to the basic idea of the economy’s problems as well as remedies of such problems. In this unit you will get detailed description of what is an economic system‚ problems of economic system‚ factors of production‚ concept of production possibility curve‚ and the fundamental of allocation of resources
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Introduction :-Auto Sector The Indian automobile industry produced a total 1.69 million vehicles including passenger vehicles‚ commercial vehicles‚ three wheelers and two wheelers in August 2013 as against 1.56 million in August 2012‚ registering a growth of 8.18 percent over the same month last year. The cumulative foreign direct investment (FDI) inflow into the Indian automobile industry during April 2000 to July 2013 was recorded at US$ 8‚932 million‚ amounting to 4.5 per cent of the total
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Chapter 1 1 Introduction Economics and managerial decision making 2 Economics: The study of the behavior of human beings in producing‚ distributing and consuming material goods and services in a world of scarce resources Management: The science of organizing and allocating a firm’s scarce resources to achieve its desired objectives Managerial economics: The use of economic analysis to make business decisions involving the best use (allocation) of an organization’s scarce
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season in mid-July.These views spoke reams to me. The finances of many-upper class- to middle class- were suffering amidst this “Great Recession” (aka “Great Depression”). The tax base and financial base were crumbling in synchrony with the financial problems experienced across the state of Massachusetts. Here‚ the casualties were the many hard working individuals and the related industries and businesses dependent on not merely the tourist vacation dollars‚ but the demand for local arts‚ seafood industries
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The economic problem in every country does not change‚ but its level varies from one country to another. This problem is the problem of scarcity. To clarify more‚ it is the scarcity of resources versus people’s unlimited needs and wants. Every country has this problem; people can never be satisfied with what they have‚ they always want more‚ and hence their demands for goods and services are endless. Personally I believe that in Egypt‚ one of the major factors that contributes to a higher or increased
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INTERCOASTAL ELECTRONICS BUDGETING PROCESS 1. Sales budget: 2011 December $400‚000 100‚000 300‚000 January $440‚000 110‚000 330‚000 February $484‚000 121‚000 363‚000 2012 March $532‚400 133‚100 399‚300 First Quarter $1‚456‚400 364‚100 1‚092‚300 Total sales........................ Cash sales* ...................... Sales on account† ........... *25% of total sales. †75% of total sales. 2. Cash receipts budget: 2012 January $110‚000 33‚000 270‚000 $413‚000 February $121‚000 36‚300 297‚000 $454
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