Macro And Micro Economics Micro Economics:- Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular‚ microeconomics focuses on patterns of supply and demand and the determination of price and output in individual
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Micro vs. Macro Economics Micro-indiidual consumers/firms Macro-economic aggregates-GDP‚ inflations‚ unemployment Markets-opportunity for exchange 1) Opportunity Costs-value of the next best for gone alternative when a decision is made -all decisions involve an opportunity cost (assuming the firm operates efficiently) 2) Marginal Analysis-analyze situations involving incremental change -marginal: something is changing by a small amount (incremental/one-unit change) 3) Laws of supply and
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Nair and asks “What does the study in this Business Magazine tell us about the demand for our services and can we use the information in there to help us balance our budget?” Can you help out Mr. Nair ? • What is the short run daily demand curve for transit given the information from the Business Magazine and Delhi Metro? • What short run strategy (in general and specifically) would you come up with given this demand curve and the pending budget needs of the Delhi Metro system? Can you help
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“Test match Sabina Park” In the poem “Test match Sabina Park” a moment had been rehash of when English cricket team had come to Jamaica to play cricket. In the poem the persona takes you to every moment of the game. He gives you a side view of himself and the other spectators throughout each stanza. He lets you understand how the English play cricket at their home ground and how the Caribbean plays at Sabina Park. From the poem you could see that there are two different reaction/behavior at
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plots‚ characters‚ ethical/moral issue‚ and conclusion between the film‚ Match Point and Memento. Both of films are directed by famous directors in the world. The Match Point is directed by Woody Allen in 2005; Memento is directed by Christopher Nolan. First of all‚ Match Point is the film which is categorizing into classical films. According to the class lecture‚ the classical film follows traditional plot lines. Match Point is a story of protagonist’s journey of life. A protagonist (Chris
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individual. An Aristotelian tragedy is a tragedy that revolves around the main character’s tragic flaws and involves a reverse in fortune. Match Point is an insightful film written and directed by Woody Allen that touches on the inevitable consequences of greed and lust. Chris’s avarice and sexual desires result in him cheating on his wife and committing murder. Match Point represents an Aristotelian tragedy due to Chris’s tragic flaws‚ irrational decisions‚ peripeteia‚ and denial which eventually lead
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Table of content Introduction 2 Habib Jewels 3 Micro environment 3 a) Customer. 3 b) Supplier. 3 c) Competitors. 3 d) Marketing intermediate 4 Macro environment 4 a) Political 4 b) Economic 4 c) Technology 4 Libresse 5 Micro environment 5 a) Customer 5 b) Company 5 c) Competitors 5 Macro environment 6 a) Cultural. 6 b) Economic 6 c) Natural 6 d) Demographic 6 Fair & Lovely 7 Micro environment 7 a) Company 7 b) Customer 7 c) Public 7 d) Competitor
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St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously‚ given their limited resources and available technology‚ as they use more of their resources for corn production‚ there are fewer resources available for breeding poultry. Maximum annual output options Quantity of Corn (pounds) Quantity of Poultry (pounds) 1 1200 0 2 1000 300
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Experiment 6: Microbial Cultivation Objectives: To successfully cultivate microorganisms from different sources to medium. Materials: Broth‚ Agar‚ Sterilized cotton swab‚ Procedure: 1) Get your broth with cotton swab inside containing your bacteria. 2) Remove the cotton and flame sterilize the mouth of the testtube. 3) Get your cotton swab inside‚ flame sterilize again the mouth of the testtube then plug it with cotton. 4) Grab the inverted plated media and flame sterilize the
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Opportunity cost of an activity (or goods) is equal to the best next alternative foregone. Although opportunity cost can be hard to quantify‚ the effect of opportunity cost is universal and very real on the individual level. In fact‚ this principle applies to all decisions‚ not just economic ones. Since the work of the Austrian economist Friedrich von Wieser‚ opportunity cost has been seen as the foundation of the marginal theory of value[citation needed]. Opportunity cost is one way to measure
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