U(x‚y) = x11/2x21/2 L (x1‚x2‚λ) = x11/2x21/2 + λ (I – px1x1 – px2x2) ɗL/ɗx1 = (1/2)x1-1/2 x21/2 – λpx1 = 0 ɗL/ɗx2 = (1/2)x11/2 x2-1/2 –λpx2 = 0 ɗL/ɗλ = I – px1x1 – px2x2= 0 => px1/px2 = x2/x1 => x1 = (px2x2) / px1. Put this in the budget constraint: I = px1(px2x2) / px1 + px2x2 => x2* = I / 2px2 Using the same way to find the demand function of good 1‚ we obtain: x1* = I / 2px1 b) x1* = 24 / (2∙1) = 12 x2* = 24 / (2∙2) = 6 c) x1* = 24 / (2∙1) = 12 x2* = 24 / (2∙3) = 4 d) Substitution
Premium Consumer theory Preference Supply and demand
MNC’sCultural Problems faced by MNC’sMarket ImperfectionInternational powersManagement Functions in MNC’sGrowth of MNC’sMNC’s and Developing WorldConsequences of MNC’s on developing countriesMNC’s in IndiaForeign Collaborations in India10 Best MNC’s all overConclusionbibliography | | Introduction A multinational corporation (MNC) or multinational enterprise (MNE) is a corporation that is registered in more than one country or that has operations in more than one country. It is a large corporation which
Premium Multinational corporation Developing country Corporation
1. It is my personal and professional pleasure to share some insight on the abilities and technical skills of Staff Sergeant Arnold. Staff Sergeant Arnold and I both served together in Okinawa Japan while assigned to Ammunition Company‚ 3rd Supply Battalion. 2. SSgt Arnold is a self-starter that made an immediate impact on the leadership and performance of the company. He was easily the top sergeant and was routinely given tasks normally reserved for SNCOs. Marines under his charge were always
Premium Leadership Management United States
CPA BUSINESS LAWS THE LAW ON CORPORATION Corporation an artificial being created by operation of law‚ having the right of succession and the powers‚ attributes and properties expressly authorized by law or incident to its existence. Attributes of a Corporation: 1. It is an artificial being •Doctrine of piercing the veil of corporate entity or corporate fiction This is the doctrine to the effect that the separate personality of a corporation may be disregarded if such entity
Premium Corporation Stock Corporations law
reflection you have provided in Part A‚ give some specific examples of citizenship skills and values in action in your current or future workplace According to my understanding of organisational citizenship behaviour‚ the essential skills that the workplace environment should include are as follows; 1. Teamwork 2. Patience 3. Fair-mindedness 4. Respect 5. Strength 6. Communication 7. Self-development 8. Self-esteem 9. Responsibility 10. Integrity/Honesty 11. Reasoning 12. Decision making
Premium Critical thinking Employment The Essential
Benedict Arnold: traitor or hero The average kid grows up learning that Benedict Arnold is known as the one of the greatest leaders of all times. He was a well-respected general but yet congress would not acknowledge him for his heroism. Displaying this betray towards the once loved general was shown at freeman’s farm‚ the once place Benedict Arnold fought in the great Saratoga battle. There the famous boot monument stands displaying not only Arnold’s heroism but treason as well. The "boot monument”
Premium Treason
JIT at Arnold Palmer Hospital Arnold Palmer Hospital’s is one of the most important hospitals in the US where it specializes in treatment of women and children. One of its main goals is manage a reduce costs‚ for this reason Arnold Palmer hospital uses some crucial just-in-time (JIT) techniques. These techniques help to maintain the control of its inventory with a high efficiency and low cost. The mission of this case will be answering the discussion questions‚ but focusing in Just-in-time strategies
Premium Supply chain Supply chain management Surgery
What is a rights issue? Distinguish between a renounceable and a non-renounceable rights issue. How would a company account for such issues? A rights issue is an issue of new shares to existing shareholders whereby they are given the right to purchase additional shares in proportion to their current shareholdings. Usually the issue price is set below the current market price of the company’s shares. A renounceable rights issue allows the shareholder to take up the rights issue‚ let it lapse or
Premium Stock market Depreciation Stock
Group Discussion | October 29 2012 | John Cheok‚ Wai Wai and Sin Ping | Sorry‚ If your name are typed wrongly and please voice out if you have any problem. TQ | John: Well‚ we shall discuss our task given to us by Ms. Low today. So do you have anything to bring up? WW: Sorry for the interruption‚ but I did not pay attention during English class last week. Do you mind to explain what are we supposed to discuss? John: Everyone in the class is divided into groups and we are supposed to discuss
Premium Education Student University
Case Problem 2: Office Equipment‚ Inc. 1. l = 1 llamada/50 hours = 0.02 calls per hour 2. Mean service time = travel time + repair time = 1 + 1.5 = 2.5 hours m = 1 / 2.5 hours = 0.4 customers per hour 3. The travel time is 1 hour. While this is considered part of the service time it actually means that the customer will be waiting during the first hour of the service time. Thus‚ travel time must be added to the time spent in line as predicted model in order to determine
Premium Customer service Good Economics