Introductory Microeconomics 2008 Exam Solutions Section A 1. C |Hours of tutoring per week|Total Opportunity cost |Marginal Cost |Wage Payment (Marginal | | | | |Benefit) | |0 |0 | | | |1 |$20 |$20 |$50
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Cost-based pricing is the simplest pricing strategy. Using this strategy price is set by adding some mark-up to the cost of the product. This strategy works if firm’s prices are not too high as compared to the competition. (Kotler P. ‚ Armstrong‚ Saunders‚ & Wong‚ 2005) Another cost-oriented pricing strategy is Break-even Pricing. Firms determine the price at which they can recover manufacturing and marketing cost‚ or make targeted profit. (Nagle & Hogan‚ 2006) Competition-based Pricing is when
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Case Example Delhi Metro Case Problem • MD of Delhi Metro worried as Projected revenues were Rs 674.5 million below the projected costs for next year • Rs 200 million promise from State • A shortfall of Rs 474.5 million • Another possible source of fund – City funds Delhi‚ Noida and Gurgaon- But unlikely due to problems in city Budget • How to solve his pending budget crisis? Case Problem (continue………) • Mr. Sreedharan glanced through a Business magazine while his thoughts travel in the
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01DEFINE AND EXPLAIN A RANGE OF CORE ECO TERMS AND CONEPTS INCLUDING ECONOMIC SURPLUS OPP COST AND SUNK COST DEFINE AND EXPLAIN A RANGE OF CORE ECO TERMS AND CONEPTS INCLUDING ECONOMIC SURPLUS OPP COST AND SUNK COST CHAPTER !: THINKING LIKE AN ECONOMIST Scarcity principal: due to limited resources to satisfy unlimited wants‚ trade offs occur in terms of having more of one good and less of another Economic decision: any decision when securing something of value means going without something
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A macro environment comprises the external factors that can influence a business. These factors are often out of the control or management ability of a company. Factors typically include economic‚ demographic‚ political‚ and technological forces in business. Business owners and managers often spend copious amount of time and effort to assess the overall economic environment in order to determine the number and strength of each factor. Strategies and performance reviews can help owners and managers
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Christopher Martin ‘Micro-finance programmes are aimed at reducing poverty. What ethical challenges are raised by the operation of micro-finance and which ethical theory can best be applied to assess how Grameen Bank addresses these challenges?’ Introduction: The essay seeks to examine the ethical issues raised by the operation of microfinance. In the first section‚ an overview will be offered. In the second
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Background The dairy products at Nestlé are a big driving force for the growth of the company ’s sales. With the health kick of the many individuals around the world‚ it pushes the innovator and renovators of Nestlé to reach new height in finding better and healthier products for their consumers. More recent‚ dairy division became a big potion of the company ’s earnings‚ so it would be best for Nestlé to focus a big portion of their core competences and resources on the fast
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Ansoff Matrix: 10 Boston Matrix: 11 Value Chain Analysis 13 Recommendation: 14 Evaluation & Conclusion: 14 List of References: 15 Company Introduction: Nestle is one of the world’s largest and most known companies. It is a Swiss company with its headquarters located in Vevey‚ Switzerland. The company was inaugurated in 1866 (Nestle 2012) and since its inception has grown through leaps and bounds to become the world’s largest food and nutrition company (Cnn money 2011). The company is also
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GROWTH OF MICRO-CREDIT IN INDIA: AN EVALUATION (90th Conference volume of Indian Economic Association 2007 Dr. Md. Tarique * & Ranjan Kumar Thakur † The success of Grameen Bank in Bangladesh has established the fact and several literatures in this regard also acknowledge the fact that poor are bankable in terms of capacity to save and repay the loans provided the same are collected at the doorstep in small amount at frequent intervals. This is the basic principle of micro-finance‚ which
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REVIEW ON NESTLE GHANA LIMITED AND HOW IT IS AFFECTED BY ENVIRONMANTAL FACTORS. 1.0 INTRODUCTION Nestlé Global is a Swiss company‚ founded in 1866 by Henri Nestlé. Nestle is undoubtedly one of the most proficient food companies not only in Ghana but all over the world. Nestlé is the largest food and beverage company in the world. It is also well on its way to becoming world leader in nutrition‚ health and wellness. Nestlé markets its products in 130 countries across the world. Nestlé manufactures
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