Tutorial 3 1. Are there any goods or services where consumers do not experience diminishing marginal utility? Explain? (4 marks) 2. The table below shows the quantity and total utility obtained from consumption of good X. Fill in the blanks for marginal utility. (4 marks) Quantity | Total Utility | Marginal Utility | 1 | 40 | | 2 | 75 | | 3 | 105 | | 4 | 130 | | 5 | 150 | | (b) If price per unit of X is RM25‚ calculate the quantity of X that will maximise the utility
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LaToya Fraser January 27‚ 2015 BUSA 4980 Chick-fil-A: Bird of a Different Feather Case #7 Chick-fil-A is known for their famous Chick-fil-A sandwich‚ but also for their private‚ family –controlled ownership structure‚ philosophy on management and biblical principles. Chick-fil-A uses the differentiation strategy to set them apart from other fast-food chains. Chick-fil-A mission was “To glorify God by being faithful steward of all that is entrusted to us and to have a positive attitude influence
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Research Problem 1) New Gate corporation desires to acquire Old Post in a non-taxable transaction. Prior to entering into this transaction with New Gate‚ Old Post issues $800‚000 worth of 15-year bonds paying 6% annually. The bonds are purchased by most of Old Post’s shareholders and also by many individuals who have no affiliation with Old Post. New Gate makes an offer to the shareholders to exchange two shares of its common voting class A stock for each common share of Old Post and 20 of common
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You are already familiar with Microsoft Excel software. You have learnt some interesting and useful things that can be done in MS-Excel. Microsoft Excel is an electronic spreadsheet software which allows you to enter‚ calculate‚ manipulate‚ organize and analyze data in the form of tabular form. Let us learn more about data tools provide in Microsoft Excel. * Data Tools * Text to Columns * Remove Duplicates * Data Validation * Consolidate Data Tools With the powerful data
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It is known as Mac PCs. Based on the article‚ it is written that no doubt the sales of iPod music players together with iTunes music downloads and sales of the iPhones had generated a lot of profit for the company‚ but the Mac PCs still managed to regain their title as the company’s highest revenue source in June 2007 even though Mac PCs had to struggle their way to break through the worldwide market. The Apple’s Mac sales have indeed increased at triple the rate of other PC industry which made
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Tutorial questions: Week 1 Prior to discussing the following scenarios‚ a general discussion on CAMPARI - Character‚ Ability‚ Margin‚ Purpose‚ Amount‚ Repayment‚ Insurance/Security would be appropriate. 1. A 19 year old unemployed male is applying for a credit card with a limit of $1‚500. 2. A 23 year old female on a disability allowance due to her physical disability is applying for a $2‚000 line of credit to purchase a computer and associated hardware and software. 3. A 65 year old
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Microsoft Excel 2007: Create a macro by using Microsoft Visual Basic | Add to Favorites | In Microsoft Excel 2007‚ macros can be created using Microsoft Visual Basic. The following will show you how to create a macro using Microsoft Visual Basic: 1. If the Developer tab is unavailable‚ complete the following to display it: a. Click the Microsoft Office Button‚ and then click Excel Options. b. In the Popular category‚ under Top options for working with Excel‚ choose
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Business system anaylsis Problems and Exercises Week 7 Homework Tom Sanders DeVry University Professor Girten October 14‚ 2014 Problems and Exercises Appendix A Question 1 - The use-case diagram shown in Figure A-1 F captures the Student billing function but does not contain any function for accepting tuition payment from students. Revise the diagram to capture this functionality. Also‚ express some common behavior among two use cases in the revised diagram by using include relationships. The
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20-1. The campus pizzeria sells a single pizza for $12. If you order a second pizza‚ however‚ the pizzeria charges a price of only $5 for the additional pizza. Explain how an understanding of marginal utility helps to explain the pizzeria’s pricing strategy. 20-1-A. The pricing method that the pizzeria is using shows they understand how marginal utility works‚ specifically diminishing marginal utility. After hitting the level of satisfaction from the first pizza‚ a second pizza will not be quite
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PC TO PC FIBER OPTIC COMMUNICATION [pic] Submitted By: lex INTRODUCTION DEFINITION The project PC to PC fiber optic communication deals with data transfer from one computer to another. It uses C programming and the serial ports of the PCs. The ports are programmed in C. We use MAX 232 to convert RS 232 logic to TTL logic and then an optical transmitter circuit to transmit data via fiber optic cable. The optical transmitter circuit has a LED which is matched as far the cable
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