4a) His income is €300‚ so his budget constraint is the line between y=30 and x=75. The optimal choice (utility-maximizing) is shown by the point of tangency with his utility function. This is point E (and x =30). b) The budget constraint shifts to x = 120. The new optimal choice is point C (and x = 35). c) ΔY∙py = (30-22‚5)∙10 = €75 d) The total effect: Point E C e) Income effect: F C Substitution effect: E F f) Income effect < 0‚ so X is an inferior good. 5a) U(x‚y) = x1x2
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1. Consider a personal computer market with two firms‚ X and Y. Suppose that Firm X and Y have the following total cost function: TCX=10QXTCY=10QY . The market is given by P=100-QX-QY. (a) Calculate the Cournot equilibrium outputs of firm X and Y in this market. (b) Calculate their market price in the Cournot equilibrium. (c) Calculate their profits in the Cournot equilibrium. (d) Suppose that firm X is considering implementing a proprietary technology they have developed. The onetime sunk cost
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Micro-Raman Spectroscopy Raman spectroscopy is a micro-analytical method that showed many advantages in analysis of cultural heritage materials. It is a form of vibrational spectroscopy that allows the identification of particles in homogeneous materials in the micron order. The identification is employed on the basis of the molecular vibrational spectra of samples‚ obtained by excitation with visible laser light. In micro-Raman spectroscopy‚ the laser beam is focused by means of a microscope
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By Alistair Walters – A913910 1 Five years on from the beginning of the worst financial crisis he world has seen we are still in a perils state of low or negative growth and low interest rates. It is clear that there were a number of factors both macroeconomic and microeconomic that created the situation and that the responses by the British government have been mixed at best. Although able to avert a full-scale meltdown of the financial system the British government has been criticised
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OPPORTUNITIES OF RURAL MICRO ENTERPRISE (RME) IN MALAYSIA Musdiana Mohamad Salleh Faculty of Business Management‚ Universiti Teknologi MARA ( UiTM) Kedah Branch. P.O Box 187 08400‚ Merbok Kedah‚ Malaysia e-mail: diana001@kedah.uitm.edu.my Noor Zahirah Mohd Sidek Faculty of Business Management‚ Universiti Teknologi MARA (UiTM) P.O Box 187‚ 08400‚ Merbok‚ Kedah‚ Malaysia e-mail: zahira@kedah.uitm.edu.my RURAL ENTREPRENEURSHIP: A CHALLENGES AND OPPORTUNITIES OF RURAL MICRO ENTERPRISE (RME) IN MALAYSIA
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Abstract The research focus is about Alfresco restaurant in Hanoi and has 6 main parts that are Introduction‚ Customer Analysis‚ Service Settings‚ Internal Marketing‚ Recommendation and Conclusion‚ Reference. In the first part‚ we give a brief introduction of the company’s service‚ marketing objectives and targeted market of Alfresco restaurant.. Besides‚ a description of the target market for the business‚ customer expectations and perceived benefits‚ evaluating the service in terms of perceived
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Study Guide and Tips for chapter 7‚ MICRO Consumption of goods and services by consumers generates satisfaction‚ happiness‚ content‚ pride of ownership‚ etc. Economists have the term UTILITY to describe them all; with the assumption that consumers seek to maximize utility. Start the chapter by acquainting yourselves with the definitions of Utility‚ Util‚ Total and Marginal Utilities‚ and thereon the Law of Diminishing Marginal Utility. Then‚ closely study exhibit 1 for numerical and graphical
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Micro Is the discipline of economics concerned with individual units such as a person‚ household‚ firm‚ or industry True Communism exhibits all the characteristics of a command system Which of the following describe a command system? Government ownwershiop of most or all property resources A government appointed central planning board Economics is a social Science concerned with the allocation of scarce Resources to meet the unlimited wants Of the members of a given society. Marginal
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Project Title: Tourism Marketing Name of the Student: Tapabrata Bhattacharyya Roll Number: EEPM -05- 027 Professor: Dr. Atanu Adhikari Table of Contents 1. Project Scope 2. Indian Tourism Statistics 3. What is Marketed 4. Evolution of Tourism in India 5. Why Tourism Marketing 6. Accessing Market opportunities and customer values in Tourism Marketing 7. Segmentation in Tourism Marketing 8. Tourism Marketing Positioning 9. Competition in Tourism Marketing 10.
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Impact of Tourism on the Environment (Negril) Negril is situated on the western end of the island of Jamaica. It is known as the 7 mile beach even though it is slightly longer than 6.4 km in length. Negril is also called the tourism capital of Jamaica. Tourism is travel for business‚ leisure or recreational purposes and therefore has many impacts on the environment: as natural habitats both aquatic and terrestrial are being destroyed and damaged when hotels and roads are being built‚ causing pollution
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