ECON112 Macroeconomics Problem Set 1 *Solution* By Yao Amber Li Fall 2010 (Instructor: Li‚ Yao; TA: Fok Pik Lin‚ Astor) ------------------------------------------------------------------------------------------------------------------------------------ 40 marks total Part I: True/False/Uncertain Please justify your answer with a short argument. (10 marks‚ 2 marks each) One mark is for correct judgment. One mark is for correct argument. 1. GDP is the value of all goods and services produced
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1. Why has Calyx & Corolla been successful? Calyx & Corolla has been successful because of the following point. Firstly‚ Calyx & Corolla has a very simplified supply chain. They deliver flowers directly from growers to customers so that the plants are fresher and also able to decrease the costs. Secondly‚ Calyx & Corolla accurately position themselves and send catalogues to people who are likely to buy flowers. It’s an efficient way to market without a large amount of cost. Thirdly‚ Calyx & Corolla
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Ice Cream Case Study Teaching Notes Video: Ben and Jerry’s Ice-cream Wars 1. What was Ben and Jerry’s ‘strategy’ in the video? 2. What stimulated the strategy? 3. Was it planned or emergent? 4. Was it successful? 5. How does this case help you think about ‘What is strategy?’ Were their decisions strategic? Yes‚ because: * Affected company as a whole * About scope and direction * Long-term Resource implications * Yes‚ they had to invest 5 pounds in a “correspondence
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The Harvard Management Company (2001) Case You will design an excel spreadsheet that allows you to answer the following questions: i) Given figures in Exhibits 4 and 11 what is the expected return and volatility of the policy portfolio? ii) Find an efficient portfolio having the same expected return as the policy portfolio but lower volatility. iii) Find an efficient portfolio having the same volatility as the policy portfolio but higher expected return. iv) Repeat question ii
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Poverty is a major problem in the United States today. Social‚ economical‚ political‚ and cultural factors all contribute to poverty. Education and economic development are two major issues that will help prevent poverty. The United States Census Bureau defines poverty as an "economic condition in which people lack sufficient income to obtain basic needs for food‚ housing‚ clothing‚ health services and education." In other words‚ poverty is powerlessness‚ a lack of representation and freedom. Poverty
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Legality and Ethicality of Corporate Governance ETH 376 Ethics Case 3-3: United Thermostatic Controls Case The purpose of this paper is to evaluate the legality and ethicality of the corporate governance activities that occurred in an ethics case presented in the text. The paper will provide relevant details regarding the legality of the activities‚ the criteria by which Sarbanes-Oxley would apply to this case‚ the ethicality of the activities‚ whether or not the activities were equitable
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Irodov Problem 3.7 As shown in Figure 1‚ the charges are located in at the four corners of the square ABCD whose diagonal is of length 2l. Since the point Xis located at a height of x units from the plane of ABCD along its central axis‚ the distance of X from any of the corners A‚B‚C and D is . The electric field strengths due to each of the four charges located at corners A‚B‚C and D are given by‚ The vertical components of EC and EB will cancel
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“The New Beetle” (HBS) Case Study Analysis This case study discusses the history of Volkswagen (VW) in America and in particular the launch and relaunch of one of the most successful VW models‚ the Beetle. 1. Why would positioning the New Beetle be considered Mission Impossible? Volkswagen (VW) started their business in the US in 1949 with the very successful Type 1 or as it was know‚ Beetle. In the 80’s‚ due to several reasons from legislation to Japanese competition‚ VW had to stop its production
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The Brewster-Seaview Landscaping Co. Part 1 During the summer of my freshman year in college‚ I worked for a small private landscaping company planting shrubs‚ seeding new lawns‚ cutting grass‚ and tending flower gardens. The company was located in my hometown of Seaview‚ N.J.‚ which is a rural community on the coast about 80 miles from Philadelphia. The company was owned and run by Joe Brewster‚ a 45-year-old man who had lived in Seaview all his life. He had started the company some years ago and
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all of its products to either insiders or outsiders and if buying center can obtain all of its requirements from either outside or insiders. The market price then represents the opportunity costs to the seller of selling the product inside. In this case‚ Thompson division had been running over capacity and
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