Problem set 3 (Answer) 7.6. A farmer uses three inputs to produce vegetables: land‚ capital‚ and labor. The production function for the farm exhibits diminishing marginal rate of technical substitution. a) In the short run the amount of land is fixed. Suppose the prices of capital and labor both increase by 5 percent. What happens to the cost-minimizing quantities of labor and capital for a given output level? Remember that there are three inputs‚ one of which is fixed. b) Suppose only the cost
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This essay outlines the change of news and its value these days as the world advance with the most updated technology and tools‚ affecting the society that we live in. News is produced and manufactured as popular entertainment these days that the educative value of it is degraded to a huge extent. This essay will explain the contributing factors of the undesirable outcome of the tension between commercialization and journalism‚ also studying the impact of it. Society today is more developed due
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News values are intrinsic standards adhered to by media professionals and organisations in an effort to produce news worthy of reporting. News values are based on a variety of ideals ranging from capitalism to ethics to entertainment. The way in which media is shaped is heavily reliant on the individual news provider’s implementation and handling of news values. News practices both globally and locally can be analysed alongside Galtung and Ruge’s (1974) twelve news values’ and McGregor’s (2002)
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Answers Using present value to value bonds A bond‚ from the perspective of the person issuing the bond is a form of long term debt. In the hands of the person who has acquired the bond it is an asset. The agency issuing the bond agrees to pay a fixed sum of money to the holder of the bond for a period of years and then‚ at the end of that period‚ to pay back the face value of the bond. Bonds can be issued by a variety of agencies/companies: 1. Municipal bonds: issued by cities‚ states
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“United States Air Force Core Values” US Air force January 1‚ 1997 http://www.airforce.com/learn-about/our-values The Air Force core values cover pretty much everything. From anger‚ appetite and religion toleration‚ it tells you how to act and live your everyday life. Their main value heading is “Integrity first‚ Service before self and Excellence in all we do.” It goes into detail‚ explaining what these three mean. We as citizens rely on them to be honest‚ hardworking
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Task 3 for GKE 1 March 25‚ 2014 Western Governors University Page 2 In 1615 the East India Company acquired its first territory in Bombay‚ India. The East India Company was a British company that traded for goods‚ services‚ and raw materials with India. What initially started as a trading company became a company ruling a country with Brittan’s backing. The company established an army in India comprised mostly of local citizens called Sepoys. With help from the British army
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perpetual bond is currently selling for RS. 95/-. The coupon rate of interest is 13.5%. The approximate discount rate is 15%. The value of the bond and the YTM is: (a) Rs. 90/- and 14.2% Value is (13.5*15%=90) and YTM is ((13.5/95)*100=14.21%) (b) Rs. 100/- and 13.5% (c) Rs. 90 and 15% (d) Rs. 90/- and 13.5% 902. In 2001‚ Meridian Ltd. has issued bonds of Rs. 10‚000/-each due in 2011 with a 14% per annum coupon rate payable at the end of each year during the life of the bond. If the required
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1)pk acquired a 25% interest in Trent Co. on January 1‚ 2010‚ for $500‚000. At that time‚ Trent had 1‚000‚000 shares of its $1 par common stock issued and outstanding. During 2010‚ Trent paid cash dividends of $160‚000 and thereafter declared and issued a 5% common stock dividend when the market value was $2 per share. Trent’s net income for 2010 was $360‚000. What is the balance in Agee’s investment account at the end of 2010 Cost $500‚000 Share of net income (.25 × $360‚000) 90‚000 Share
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Problem Set 3 Macroeconomics‚ ECON 2123 Sections L3 and L4 P. Sen Posted 9.11.14. Due 5 PM 17.11.14. ----------------------------------------------------------------------------------------------------------------------------------- 100 marks total Part I: True/False/Uncertain Please justify your answer with a short argument for each question and draw a diagram if necessary. (25 marks‚ 5 marks each: 2 marks for correct judgment and 3 marks for correct argument) 1. Suppose that workers in the Republic
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Name: Course: Professor: Date: Compare strategies between Air Canada vs. WestJet Introduction These report focuses on comparing the strategies between air Canada and WestJet. It does this by first discussing a brief background of the airlines together with their objectives. In addition‚ the paper goes a mile further to discuss how the two airlines carry out their market research and also the marketing tools they apply. Furthermore‚ it also gives an opinion on whether their strategies are in
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