[pic] Swinburne University of Technology (Sarawak Campus) HBE613 ECONOMICS Higher Education Division Microeconomics Test Term 1‚ 2013 12.5% of Total Unit Marks (to be marked out of 20) Time Allowed: 1 hour Name: ______________________________________ Student ID: ______________________________________ Swinburne University of Technology‚ Sarawak Campus Short Answer Questions There are 4 questions in this section. Each question is worth
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1. Consider a personal computer market with two firms‚ X and Y. Suppose that Firm X and Y have the following total cost function: TCX=10QXTCY=10QY . The market is given by P=100-QX-QY. (a) Calculate the Cournot equilibrium outputs of firm X and Y in this market. (b) Calculate their market price in the Cournot equilibrium. (c) Calculate their profits in the Cournot equilibrium. (d) Suppose that firm X is considering implementing a proprietary technology they have developed. The onetime sunk cost
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Micro-Raman Spectroscopy Raman spectroscopy is a micro-analytical method that showed many advantages in analysis of cultural heritage materials. It is a form of vibrational spectroscopy that allows the identification of particles in homogeneous materials in the micron order. The identification is employed on the basis of the molecular vibrational spectra of samples‚ obtained by excitation with visible laser light. In micro-Raman spectroscopy‚ the laser beam is focused by means of a microscope
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Study Guide and Tips for chapter 7‚ MICRO Consumption of goods and services by consumers generates satisfaction‚ happiness‚ content‚ pride of ownership‚ etc. Economists have the term UTILITY to describe them all; with the assumption that consumers seek to maximize utility. Start the chapter by acquainting yourselves with the definitions of Utility‚ Util‚ Total and Marginal Utilities‚ and thereon the Law of Diminishing Marginal Utility. Then‚ closely study exhibit 1 for numerical and graphical
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Micro: Floor: govt imposed limit or minimum price that can be charged for a good or service Price floor holds no weight unless the price equilibrium falls below it Production possibilities and Trade offs a. PPC defined b. Economic model that provides the opportunity cost c. PPC examples d. Resources are not equally suited to both items Comparative advantagecondition in which a nation state is capable of producing some product at a lower opportunity cost
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What are Micro-Inequities and Micro-Affirmations? How do they affect employees and Manager-Employee relationships? Micro-Inequities According to Mary Rowe‚ Micro-inequities are “apparently small events which are often ephemeral and hard-to-prove‚ events which are covert‚ often unintentional‚ frequently unrecognised by the perpetrator‚ which occur wherever people are perceived to be ‘different.’” Bernice Sandler‚ Senior Scholar at the Women ’s Research and Education Institute in Washington‚
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Worth Reading and Teaching Ever since its publication in 1951‚ the quality of J. D. Salinger’s novel‚ The Catcher in the Rye‚ has been a controversy. The story has been praised for its enlightening views on society‚ but criticized for its use of slang and sexual content. Nevertheless‚ the story is worth both reading and teaching‚ for the story still relates to the lives of today’s teenagers‚ introduces a unique writing style to its readers‚ and teaches its readers an important lesson about phoniness
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Project Management & Global Sourcing [Assignment 1] Procurement Process in Small or Micro Enterprise TABLE OF CONTENTS PAGE 1. INTRODUCTION…………………………………………………………………… 3 2. BRIEF DESCRIPTION OF ORGANISATIONS ………………………………… 4 3. POSITION OF ORGANISATIONS AND TWO MAJOR PRODUCTS………… 5 4. PROCURE TO PAY PROCESS………………………………………………….. 6 - 7 5. SUPPLIER IDENTIFICATION AND SELECTION………………………………. 8 - 10 6. STRESS TESTING AND
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firm’s activities and resources to the environment in which it operates. This essay will analyse the micro and macro external environment in the part five years (2000 to 2006) of IBM Company by using PESTEL and five forces model to analyse in the first part. The second part will discuss about the advantages and disadvantages of the two possible alternative strategies for IBM. Part 1: Analysis of Micro and Macro External Environment 1.1 PESTEL Analysis The external factors can be divided into six
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Business Center‚ 2002. http://www.drj.com/special/smallbusiness/ Mbaguta‚ H Mwanje‚ R. (2003)‚ "Power costs high for Rural Businesses". In The Monitor‚ 7th October. Republic of Uganda (1999). Draft Policy Paper on Micro and Small Enterprise Development. Kampala: Private Sector Development/Micro and Small Enterprise Policy Unit‚ Ministry of Finance‚ Planning and Economic Development. Small Business Act (1953). Snyder‚ M. (2000). Women in African Economies‚ From Burning Sun to Boardroom. Kampala‚ Fountain
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