The affordable bundle that yields the greatest satisfaction to the consumer is: Answer | | the maximum bundle. | | | the equilibrium consumption bundle. | | | the allowable purchasing bundle. | | | the most popular bundle. | Given that income is $500 and PX = $20 and PY = $5‚ what is the market rate of substitution between goods X and Y? Answer | | 100. | | | 4. | | | -20. | | | 25. | The budget set defines the combinations of good X and Y that Answer
Premium Supply and demand Consumer theory
Utility means want satisfying power of a commodity. It refers to power or capacity of a commodity to satisfy human wants. In order to know whether a commodity possesses utility or not‚ we have to ask two questions: a) Does commodity satisfy the want of people? b) Are people ready to pay for it? If answers to these questions are affirmative then we can say that a commodity possesses utility‚ otherwise not. It is a measure of personal satisfaction or level of meeting a need that a good or
Premium Economics Utility Economics terminology
Expectations of the US economy The last three quarters of the economy have been very strong and the fourth quarter week (Payne‚ 2014). While the fourth quarter’s poor performance is disappointing from an economic stand it is normal for there to be a weak fourth quarter after three strong quarters (Payne‚ 2014). All signs show that 2015 should be a year of growth for the US economy. Unemployment is expected to decline while GDP‚ Business spending and home sales are all expected to increase steadily
Premium Supply and demand Aggregate demand Macroeconomics
final Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. What is the difference between a scarcity and a shortage? |a. |A scarcity occurs when producers will not or cannot offer goods or services at the current prices‚ and a shortage occurs| | |when there are limited quantities to meet unlimited wants. | |b. |Scarcity is the effort that people devote to a task
Premium Supply and demand Economics
Should School Be Year Around? Baker College Oral Communications Persuasive Speech 11/19/2013 Specific Purpose: To inform the audience on the pros of attending school all year around. Central Idea: Year around schooling provides many benefits to the students such as less summer learning loss‚ vacation can be distributed throughout the year‚ and families with child care can benefit from it. Introduction 1. What exactly is schooling all year around? 2. Shorter Summer breaks
Premium Education High school School
1 Module 1 FOREIGN TRADE MULTIPLIER Unit Structure : 1.0 1.1 1.2 1.3 1.4 1.5 Objectives Introduction of Foreign Trade Multiplier Income determination in a multiplier in a closed economy Foreign Trade multiplier in an open economy Foreign Repercussion Introduction of the concepts External and Internal balance and Role of Monetary and Fiscal Policy 1.6 Expenditure Changing policies 1.7 Expenditure Switching policy 1.8 Introduction of Policy Mix 1.9 A case for Monetary and Fiscal Policy Mix 1.10
Premium Monetary policy Macroeconomics Central bank
Case Study 2: Analysis of ECO-Trans Project Jose Rodriguez Sothern New Hampshire University Professor Steven Coleman Project Definition Astrid Varga‚ the project manager of ECO-Trans‚ a European-based company renowned for its efforts to cut down fuel cost and to reduce C02 emissions. The firm deals with the provision of “driver aide” systems that are used in land transport equipment such as trains‚ buses‚ and transport vehicles. The EC0-Stream company carries out the analysis of
Premium Project management
ANNUAL EXAMINATION – 2010 PHYSICS; CLASS - VII NAME: _________________________ Date: 26 – 02 – 10 (1st sit) Roll. No. ___________ F.M: 75 SECTION A (Answer all questions) QUESTION - 1. Fill in the blanks. (5) i) Making one complete round of a circular path of radius r‚ the net displacement is ___________________. ii) If a body is dropped from a certain height‚ its velocity increases due to __________. iii) The force of friction is always equal
Premium Classical mechanics Force Inertia
LOVE Eco Business 100 Section 6 Team Dons Nov 20 2012 Adam Yale‚ Lu Chen‚ Shan Zhang‚ Wanli Lin‚ Weinan Qiu Table of Contents Company Introduction 2-3 Industry & Market Overview 3-5 Mission Statement & Values 5 Business Goals 5 Target Market 6-7 Marketing Mix
Premium Natural environment Sustainability Management
CLCIK TO DOWNLOAD ECO 550 Midterm Exam 1. Income tax payments are an example of ____. 2. The moral hazard in team production arises from 3. Which of the following will increase (V0)‚ the shareholder wealth maximization model of the firm: V0∙(shares outstanding) = Σ∞t=1 (π t ) / (1+ke)t + Real Option Value. 4. In the shareholder wealth maximization model‚ the value of a firm’s stock is equal to the present value of all expected future ____ discounted at the stockholders’ required rate
Premium Supply and demand Errors and residuals in statistics Linear regression