recent times that it has completely changed the way we live. Previous day to day activities such as communication‚ socializing and even consultancy which were undertaken face to face have since moved online. Consequently this has changed the way business transactions are conducted as well. The improvement of technology for internet communications such as the development of widely available broadband services and increasingly fast fiber-optic networks has led to increased download speeds and accessibility
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Business Economics 2012 Table of Contents Q1) Explain (using example) the law of diminishing marginal productivity (DMP). Also‚ explain the difference between the law of DMP and law of returns to scale............................................................. 3 Q2) Explain how profit maximizing output is determined in a .............................................................. 9 a) Perfect competitive market ........................................................................
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important means for enhancing the lives of the poor and therefore a major tool for economic and social development mostly in rural areas. Lately‚ contrary to this widespread belief‚ critics have raised eyebrows against this growing popularity of microfinance as a major tool for enhancing economic development. Contrary to belief‚ they are of the opinion that microfinance is a ‘make-belief’ that is hindering economic and social development rather than enhancing it. It is to this regard and in light
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Brooke Foster Macroeconomics PG 71 & 72: Review question #5 & #8‚ problems #1‚3‚ &7 Review #5. Suppose that in the market for computer memory chips‚ the equilibrium price is $50 per chip. If the current price is $55 per chip‚ then there will be (B.) a surplus of memory chips. Review #8. Suppose that the government establishes a price ceiling of $3.70 for wheat. What might prompt the government to establish this price ceiling? Explain carefully the main effects. Demonstrate answer graphically
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decisions a small-business owner makes in choosing management and employee roles within the company help determine the organizational structure and can have a large influence on the culture within the business. If structure doesn’t reflect the owner’s business goals‚ employees may have a hard time working successfully for the company. Change management process Research-based‚ holistic model for managing the people side of changewww.change-management.com Size of Business As a small-business owner‚ the
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BUSINESS ECONOMICS Assignment 1 Case study: Mintel batteries report a) What happened to sales of batteries in the period 2004-8? Provide a quantitative estimate. How do you explain the fact that over that period the amount of batteries sold increased whereas the value of sales declined? From figure 20 we can see that the volume of sold batteries from 2004 (584 million batteries) to 2008 (611 million batteries)
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What Factors Affect Chemical Equilibrium? Introduction: In investigation 14‚ “What Factors Affect Chemical Equilibrium?”‚ the purpose was to find out which reagents caused a change in the chemical equilibrium. A deep red color was formed when Iron Nitrate [Fe(NO3)3 (aq)] was mixed with water and Ammonium Thiocyanate [NH4NCS (aq)]. The product of these two reactants was Iron Thiocyanate(FeNCS). After different trials of mixing the given reagents
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hotel’s staff. Room Differences A limited-service hotel’s budget-friendly rooms are much more basic than their full-service counterparts‚ which means that limited-service hotels tend to appeal more to leisure travelers‚ as opposed to conference and business-type travelers. To appeal to cash-conscious travelers on the go‚ limited-service hotels often offer microwaves and mini-fridges‚ as well as cable TV and Internet‚ in their rooms. Full-service hotels may offer more lavishly decorated‚ comfortable
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1. Meet the Fiori family and its Fiori Pasta Company. Papa Don is the president‚ son Tony is vice-president of sales‚ and daughter Gina is vice-president of production. Fiori Pasta produces high-quality pasta products. It has estimated its demand curve for its pasta to be P=39.898-0.03757Q‚ This demand function has been given in terms of price. So to find the Total Revenue (TR) you need to multiply the above equation into Q (which is your quantity). TR=39.898Q-0.03757Q2 MR=39.898-0
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1.0 Introduction In today’s competitive environment organizations thrive and survive on their human resources. Values‚ attitudes‚ perceptions and behavior‚ which form these resources‚ influence employee performance. It is a key factor in realizing organizational and individual goals that in turn greatly depends on individual’s self-motivation and job satisfaction. 1.1 What is job satisfaction? Job satisfaction is one’s attitude towards his job (positive or negative)
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