beneficial trade. Mutually beneficial trade will not occur only when the allocation of resources among A and B is already efficient. In the case of our two-consumer economy‚ MRSA=MRSB indicates an efficient allocation of goods (on contract curve). 2. Suppose in a two-good (X and Y) two-person (Ann and Bob) exchange economy‚ the MRS for person A is YA/XA and the MRS for B is YB/XB. The total amount of X is 40 and the total amount of Y is 40. Ann has an initial endowment of 10 units of X and 30 of
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and woman worked under the same conditions. All of this just to recover under the equal pay act of 1963. An employer may pay a male employee more than a female employee if the employer can establish that payment is based upon (1) a seniority system‚ (2) a merit system‚ (3) a system whereby earnings are based upon the quantity and quality of production by the employees‚ or (4) a differential based upon any other factor other than the sex of the employees. Although the first three of these defenses have
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Managerial Finance – Problem Review Set – Capital Structure and Leverage 1) If a firm utilizes debt financing‚ an X% decline in earnings before interest and taxes (EBIT) will result in a decline in earnings per share that is larger than X. a. True b. False 2) Firm A has a higher degree of business risk than Firm B. Firm A can offset this by using less financial leverage. Therefore‚ the variability of both firms ’ expected EBITs could
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Quantitative Methods for Business Tutorial Week 2 (Percentages‚ Ratios and Proportions) Please note: You should review the relevant lecture notes and sections in the textbook and attempt the questions before coming to the tutorial. Bring a calculator (not one on your mobile phone!). Exercises: 1. A store sells washing machines for a retail price of $1000 (including GST). To clear out stock in preparation for the new model‚ the store marks these down by 25%. A customer comes into the store and agrees
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2.1 It is important to take a balanced approach to risk management because its children’s natural inclination to take risks when they play‚ those responsible for children have to take a balanced‚ thoughtful approach to managing risk. This is particularly important for play because children today tend to have less freedom than in the past‚ and hence may have fewer opportunities for risk-taking as a normal part of their everyday lives‚ however as early years providers we must ensure that we take all
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Market Equilibrium Economics 561 Market Equilibrium McConnell‚ Brue‚ and Flynn (2009) define equilibrium price as‚ “the price where the intentions of buyers and sellers match” (p. 54)‚ and equilibrium quantity as‚ “the quantity demanded and quantity supplied at the equilibrium price in a competitive market” (p. 54). This information appears straight forward. Understanding
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QNT 351 Final Exam1) The main purpose of descriptive statistics is to2) The general process of gathering‚ organizing‚ summarizing‚ analyzing‚ and interpreting data is called3) The performance of personal and business investments is measured as a percentage‚ return on investment. What type of variable is return on investment 4) What type of variable is the number of robberies reported in your city5) What level of measurement is the number of auto accidents reported in a given month6) The names of
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CamelBak name comes from a play on the myth that a camel stores water in its hump. Camels actually store fat in their hump. CamelBak Given Facts in the case: 1. In 1989‚ Michael Eidson‚ has invented CamelBak for overcoming dehydration. 2. The first version‚ which used medical tubing to flow water from an intravenous drip bag that was insulated by a sock and strapped to the back of his shirt‚ was born as most inventions are—out of necessity. 3. The packs gained fame during the 1991
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True Clothing has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? Blacksburg 12‚000/60=200 Problem 1-2 Tried and True’s accountant (from Problem 1-1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Annandale pays the highest average wage at $6.75 an hour. Blacksburg pays $6.50 an hour‚ Charlottesville $6‚ and Danville
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will also learn how to determine the duration of the project‚ and the critical path. In this homework assignment‚ you will be working through four Activity In Box (AIB) problems. Using the activity‚ duration‚ and predecessor information given in this document‚ you should first construct a network for each "project." [Each problem will have its own network.] Once you have constructed the network‚ please answer the corresponding questions. Once you answer the questions‚ please post your responses
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