Econ 8069: Business Economics 2013 Tutorial week 7 reference for answers Question 1 Suppose the weekly inverse demand for a certain good is given by P = 10 - Q‚ and the weekly inverse supply of the good is given by the equation P = 1 + 0.5Q‚ where P is the price in dollars and Q is the quantity demanded and supplied per week. Suppose that each unit of consumption of this particular good generates $3 of external benefit to the society. a) Graph the private demand curve‚ the social demand curve
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EconS452 15 Problems*30 points each = 450 points Score based on 400 points Midterm 10/25/2012 Name:___________________________ 1. Zelda Manufacturing has a rather unique product that sells for $15 per unit‚ and the marginal cost is $7.50. Determine the Lerner index for Zelda Manufacturing. Does this index indicate market power? Using the SCP paradigm‚ what might the conduct of Zelda indicate about the structure of the industry? The Lerner index is (P - MC)/P = (15 - 7.5)/15 = .50. Since the Lerner
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Below are four problems. I have phrased each in two forms to facilitate comprehension. Tuesday you will not be allowed to transcribe an already written essay...you will only be allowed notes...Answer one or two questions from the following: 1. How does Original Sin factor into Christianity’s independence from Judaism‚ despite its complete use of the Jewish Holy Scriptutes (the Tanakh/the old testament)? (in other words) How does Original Sin help make a unique Christian theology (point of view
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Consumer Behavior Chapter 1 – Understanding Consumer Behavior 1. Define consumer behavior and explain the components that make up the definition. 2. Identify the four domains of consumer behavior shown in Exhibit 1.6 that affect acquisition‚ usage‚ and disposition decisions. 3. Discuss the benefits of studying consumer behavior 4. Explain how companies apply consumer behavior concepts when making marketing decisions. Defining consumer behavior Consumer Behavior: The totality of
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I affirm that the attached work is entirely my own‚ except where the words or ideas of other writers are specifically acknowledged according to accepted citation conventions. This assignment has not been submitted for any other course at Robert Kennedy College or any other institution. I have revised‚ edited and proofread this paper. I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and fully disclosed in this paper (examination)
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1. Why is Personal Selling important to the economy? Ans: Personal selling is where businesses use people to sell the product after meeting face-to-face with the customer. Personal selling is flexible and has many characteristics. For instance‚ the sales person can answer and overcome objection and focus on points of customer interests. Also‚ it builds relationships in the form of ensuring that buyers receive the appropriate service. Moreover‚ direct feedback‚ in this form of communication‚ the
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FIN400 M1 – M5 Quiz M1 - Quiz 1. A firm has an ROE of 14% and a debt ratio of 40%. If the total asset turnover is 3.4‚ what is the firms profit margin? Ans – 2.47% 2. Which of the following statements is incorret? Ans – The over the counter market operates in a fixed location to conduct trades for local stocks. 3. All the following are are secondary market transactions except? Ans – GE sells $30 million of new preferred stock 4. Firm A and Firm B have the same total assets‚ ROA and profit
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BUS516 Midterm sample (all questions 2 points‚ unless stated otherwise) Name------------------------- 1. IBM defines electronic business as "the transformation of key business processes through the use of Internet technologies." T 2. A transaction is an exchange of value. T 3. A transaction always has one or more activities associated with it‚ and an activity will always be related to a transaction. F 4. A network of computers that are located close together—for example
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Class – IV Social Studies MM-50 Q1. Name the type of forest to which the following trees belong: __ / 5 Tree Type of forest ___________________________ Ebony tree ___________________________
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Team Involvement Time Management Establishing and Following Guidelines Professional Communication Excellent (4) Active and substantive involvement in team discussions. Supported team timeline and met the assignment due date. Took the lead on establishing and following the goals‚ roles‚ and responsibilities of the team. Interacted with other members of the team with a respectful and professional tone. Communication was clear with no typographical or grammatical errors. Good (3) Good overall
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