capitalist and super market tycoon who happened to be in the park. Mr. Safestone wants to sell frozen gravel berry pies in bulk at his super markets‚ Fred pictures himself as an entrepreneur and the gravel berry pie king‚ and the two establish a “handshake deal”. Generating a partnership with Fred’s family and the Rubbles‚ they start planning on the first order of fifty frozen pies. Fred uses the advanced money to market himself as the gravel berry pie king and puts his picture dressed in a king’s
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the money supply V: the velocity of money P: the prices of goods and services T: the number of transactions made in the economy. Making this equation applicable to the macroeconomy‚ T becomes Y where PY = nominal GDP. Rearranging the Quantity Equation with V as the subject‚ we get V= PY/M THE MONEY DEMAND FUNCTION The quantity of money in an economy can expressed in terms of the number of goods and services that it can buy. This is called real money balances M/P. Thus real balances
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Mr. Brown all your tests look ok. Your triglycerides are at 145‚ cholesterol 210‚ hdl 33‚ and ldl 160. Triglycerides are chemical compounds digested by the body to provide it with the energy for metabolism. Triglycerides are the most common form of fat in the body. They are the main ingredient in vegetable oils and animal fats. Cholesterol is a soft‚ waxy substance found in all of your body’s cells. Your body needs cholesterol in order to work properly. This is because your body uses it to hold
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theme of paragraph one is she was starting a new journey. The last element is the climax.Annie went to the back of the cotton gin and started cooking meat pies in a stall.The workers came out for dinner time and smelled the meat pies in the air.Most had their meals prepared but chose to buy a meat pie instead for a nickel.She wrapped the meat pies in newspapers to soak up the grease.Her quote was"mixed groceries enough to scare hungry away from a starving man."
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NMIMS Global Access School for Continuing Education (NGA-SCE) Course: Business Economics SEM – I 1. Calculate Elasticity in the following cases: a) Assume that a business firm sells a product at the price of Rs 500. The firm has decided to reduce the price of the product to Rs 400. Consequently‚ the demand for the product is raised from 20‚000 units to 25‚000 units. Calculate the price elasticity of demand. ANSWER A: PRICE ELASTICITY OF DEMAND: MEANING: Price elasticity of demand
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UTILITY Utility refers to want satisfying power of a commodity. In objective terms‚ utility may be defined as the “amount of satisfaction derived from a commodity or service at a particular time”. Assumptions: • UH:\Games.exetility can be measured. • Marginal Utility of money remains constant • No change in income of the consumer‚ his taste & fashion to be constant • No substitute • Independent marginal utility of each unit of commodity Utility Characteristics:
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Question 1 (a) Simons (1999‚ pg 768) describes intrinsic motivation as “desire to engage in behaviours or actions in anticipation of internally- generated rewards such as personal feelings of accomplishment” and extrinsic motivation Simons describes as (1999‚ pg 766) “desire to engage in behaviours or actions in anticipation of tangible rewards‚ such as money or promotion”. Extrinsic motivation is created by financial incentives. An incentive as Simons (1999‚ 767) describes as being “a reward
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PROBLEMS ON FORECASTING FCT 1 Given an actual demand of 103‚ a previous forecast value of 99‚ and an alpha of .4‚ the exponential smoothing forecast for the next period would be FCT 2 A forecasting method has produced the following over the past five months. What is the mean absolute deviation (MAD) ActualForecastErrorError1011-11810-22108 2266 0098 11 FCT 3 What is the forecast for May based on a weighted moving average applied to the following past demand data and using the weights .5‚
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*aierial* *pingpong* *this arvo* between the mighty pies and the dons*. When we got down there we realised that we spent *all *our *moula* at the servo. “ey* cobber *ya* old bastard*‚* we better mull u*p‚ we got no cash” *“true* blue *ya* dag‚ *haha* no cash no problem” *“better* grab the metho as well *fella*” *“no* time knackers‚ *weve* got get home before everyone else *karks* it down there” “what* other dills are coming over for the pies v dons game *ya* donger*” “just* the *fellas*
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Chapter 4 – Theory of Consumer Behavior Economics 11 – UPLB Prepared by T.B. Paris‚ Jr. December 11‚ 2007 Theory of Consumer Behavior Useful for understanding the demand side of the market. Utility - amount of satisfaction derived from the consumption of a commodity ….measurement units utils Utility concepts cardinal utility - assumes that we can assign values for utility‚ (Jevons‚ Walras‚ and Marshall). E.g.‚ derive 100 utils from eating a slice of pizza ordinal utility
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