following identify which of the economic principle(s) (see below) is at work. a. You pick the shortest line at the store checkout. g. People respond to incentives. b. The price of new textbooks increased so you buy the used textbook. e. Markets are a good way to organize economic activity. c. You decide to watch the Olympics rather than study for this test. b. The cost of something is what you must give up to get it. d. You help your friend with economics‚ he helps you with philosophy. d
Premium Economics
Sometimes‚ EQ was important than IQ‚ I think through study the course of master of management‚ I could get improve of my EQ. I had leaned several units of management during my bachelor course. My main ambition for the future is to become a human resource manager. During the last holiday‚ I had work in a small bank as a hall manager. My work is to provide customers financial service and answer their question‚ assist employers and also promote our bank’s finance products. I am convince of that manage
Premium Bank Finance Victoria
MC equals MR‚ the profit is maximized. From the above table‚ when output level is 140 minutes‚ marginal revenue equals marginal cost ($10000=$10000)‚ so the profit-maximizing level of output is 140 minutes. (d) When the industry exists positive economic profit‚ it will attract new firms to enter into the industry. However‚ no more licenses will be offered by government‚ so no any new firm entering the industry. (e)(i) Collusion is a formal or tacit agreement to limit competition by setting output
Premium Marginal cost Economics Costs
Assignment on Micro-Economics Submitted To: Md. Ridwan Reza Lecturer Department of Business Administration Leading University‚Sylhet. Submitted By: Rahat Sarwat Md. Sal Sabil ID: 1001010143 Md. Saddam Hussain ID: 1001010101 Adnan Islam ID: 1001010144 Syed Shaker Ahmed ID: 1001010125 Md. Lahinur Rahman ID: 1001010129
Premium Economics Good
__ 1. Economics may best be defined as the: A. interaction between macro and micro considerations. B. social science concerned with how individuals‚ institutions‚ and society make optimal choices under conditions of scarcity. C. empirical testing of value judgments through the use of logic. D. use of policy to refute facts and hypotheses. 2. The scarcity problem: A. persists only because countries have failed to achieve continuous full employment. B. persists because economic wants exceed
Premium Economics
currently at risk of contracting it‚ the World Bank says(Bangladesh News). Because of these conditions humans have become walking‚ talking carriers of diseases‚ thanks to poor sanitation and undrinkable water. Water is a critical resource issue for the social and economic development of India and the rest of the world. Increasing global demands for water and poor management over decades have caused damages to India’s environment and population. India’s pollution watchdog noted in November 2013 that
Premium Malaria Drinking water Water supply
Chapter 1 The Big Ideas in Economics Think of why some goods should be allocated by money while some not. Why demand curve is downward sloping? Two effects: 1.Substitution effect (dominent) 2.Income effect (small) The demand&supply curve can be read horizontally or vertically. You should be familiar with both ways of reading. Chapter 3 Supply&Demand Concepts: 1.A normal good: a good for which demand increases when income increases. An inferior good: a good for which demand decreases
Premium Supply and demand Costs Cost
themselves and their hidden talents‚ sharpen their intellect and become socially more acceptable and eventually better sophisticated human beings. Management Plan: The business shall have the following departments managing different jobs: Human Resource – managing the staff and their concerns. Finance – generating capital for the business and its operations. Research and Development – conduct market surveys and research and introduce most demanded and unique courses. Marketing and sales – this
Premium Pricing Marketing mix Marketing
3.2 Internal growth strategies refer to the growth within the organization by using internal resources. It focuses on developing new products‚ increasing efficiency‚ hiring the right people and better marketing. Should Vodacom want to expand into Africa to sustain profitability it can use its can consider its internal growth Vodacom can now then focus on what it already had this includes the quality it gives to their customers this including its latest development of LTE which is fourth generation
Premium Marketing
Saint Louis University School of Law Baguio City The Indigenous Peoples Rights Act: Its Provisions‚ Implementation and Effectiveness Submitted by: Arios‚ Diero Thomas Dinos‚ Aurea Valerie Manzano‚ Ranieri Paraan‚ Brian Jonathan Vehemente‚ Joseph Harvey Submitted to: Atty. Jennifer Asuncion Introduction Indigenous Cultural Communities and Indigenous People are found in various places and are one of the most marginalized groups in the world. With the Philippines as a country which has
Premium Culture Indigenous peoples Land rights