SUBJECT: MICROECONOMICS (ECO 162) ASSIGNMENT 2 QUESTION 1 ACCORDING TO THEORY OF DISTRIBUTION‚ EXPLAIN HOW DOES WAGE IS DETERMINED? Certainly the market demand and supply of these factors. In other words‚ wages‚ rent‚ interest and profit are determined by the supply and demand of the respective factor or resource. This is explained by the concept of marginal product (MP) or marginal physical product (MPP). For example: labor and wages. In this case MP and MPP refer to additional
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IN THE NAME OF ALLAH THE MOST BENIFICIENT & MERCIFUL Rules & Regulations. (1) Students should respect the teachers & maintain discipline in the campus. If any student fails to carry the terms then strict action will be taken against the student. (2) For the good results of the student‚ parents are requested to co-operate with the rules made by school. Absent student will be fined Rs: 100 each day. (3) Parents are requested to keep the student far from parties and
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HARVARD CASES Case 14 WESCO Distribution‚ Inc. Synopsis In June 1997‚ Jim Piraino‚ VP of marketing for WESCO Distribution‚ Inc.‚ is preparing for a yearly review meeting with WESCO CEO Roy Haley. Haley wants the firm to reach annual growth goals of 6% to 8% in revenues and 12% to 16% in profitability over the next five years. The centerpiece of this growth strategy is the National Accounts program‚ which WESCO has developed to serve its major industrial customers in response to recent
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The Mongols ruled China and Russia‚ yet the effect of their rule in China and Russia‚ while in some ways similar‚ was quite different‚ politically and economically. Genghis Khan‚ born in the 1770s‚ was elected khagan (a title of imperial rank) of all Mongol tribes in 1206. Kubilai Khan‚ Genghis Khan’s grandson‚ was the commander of the Mongol forces responsible for the conquest of China; he became khagan in 1260. Kubilai Khan founded the Yuan Dynasty. Batu‚ the ruler of the Golden Horde of the dynasty
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The rules of etiquette are a set of unspoken rules that have been determined by society as a whole. Etiquette rules aren`t the same in different countries. It is important for people to be familiar with the basic rules that are expected in all cultures. Now I want to tell you about the main rules of receiving guests. It can be an exciting and satisfying experience. There are many ways to be a host/hostess without creating a great deal of stress. When you are prepared and organized‚ you can
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Contemporaneity rule (The coincidence of actus reus and mens rea) It is a principle of English law that the actus reus and mens rea must coincide. That is they must happen at the same time. This is sometimes referred to as the contemporaneity rule or the coincidence of actus reus and mens rea. However‚ the courts often apply a flexible approach in holding that the actus reus is a continuing act. Thabo-Meli v R [1954] 1 WLR 228 Privy Council The four appellants were convicted of murder. They
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different aspects of human behavior. These different psychological perspectives helped psychologists to deeper understand how people behave and think in a given situation. This paper’s primary goal is to explain and thoroughly discuss three of the seven modern psychological perspectives and shows how it affects human
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The M’Naghten Rule: 1843 Aspects of the Criminal law in Canada are likely to be traced back several hundred years ago‚ where the legal system was established in England. Criminal law‚ derived from public law‚ includes the subject of criminal defenses‚ and in a narrower sense‚ the theory of not being criminally responsible on account of a mental disorder. The theory behind this defense can be traced back to England in the 1840’s. This era showcased the influential case of Daniel M’Nagthen
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<<<< CCS(LTC) RULES >>>> CENTRAL CIVIL SERVICES (LEAVE TRAVEL CONCESSION) RULES‚ 1988 1. Short title‚ commencement and application. – (1) These rules may be called the Central Civil Services (Leave Travel Concession) Rules‚ 1988. (2) They shall come into force on the date of their publication in the Official Gazette. (3) Subject to the provisions of sub-rule (4)‚ these rules shall apply to all persons – (i) who are appointed to civil services and posts including
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