called for to improve the efficiency in resource use? The ratio of prices PK/PL= r/w= 50/5=10 and The capital to labor MPK/MPL= w/r=12 These two ratios are not equal‚ the restaurant should change inputs. To make the ratios equal the restaurant should use more capital and less labor. This tells us that the capital is 12 times as productive and 10 times more costly. Question2 A competitive firm sells its product at a price of $0.10 per unit. Its total and marginal cost functions are: TC
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to appeal to individual investors with excess cash. Answer: False Level: Easy 4. Commercial paper is a short term obligation of the U.S. government issued to cover government budget deficits and to refinance maturing government debt. Answer: False Level: Easy 5. Commercial paper‚ Treasury bills and banker’s acceptance rates are all quoted as discount
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STRATEGY GENERAL ELECTRIC STREAM 1 – COURSE WORK GROUP -‐ 11 AHMED AHMED ETTEFAGH TAHSIN MASHAT MOAZ QING SHAN ZHENG DANYI UNIVERSITÁ DELLA SVIZZERA ITALIANA‚ LUGANO – CORPORATE STRATEGY 2012/2013 Corporate strategy Table of Content 1. Introduction to the General Electric Company
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are firefighting services usually provided by the government and not by private firms? First of all‚ the fire services is a kind of public goods‚ public goods means the goods that no matter whether the individuals are willing to buy‚ each member of the whole society can benefit from. It is produced by the public sector or it is a product‚ provided by the government‚ that the private are unwilling or unable to manufacture‚ including international security‚ police‚ fire services‚ roads‚ education
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PRICE DISCRIMINATION : A pricing strategy that charges customers different prices for the same product or service. In pure price discrimination‚ the seller will charge each customer the maximum price that he or she is willing to pay. In more common forms of price discrimination‚ the seller places customers in groups based on certain attributes and charges each group a different price. Price discrimination involves market segmentation. A firm price discriminates when it charges different prices
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3 price discrimination With the rapid development of economy and market‚ the price discrimination phenomenon is more and more universal and the form is more and more multiple. Price discrimination refers to companies selling exactly the same or similar production to different customers at different prices. 1In November 2006‚ the major IT Web site noted‚ Lenovo in the United States launched a holiday promotion‚ and four models of ThinkPad were under undercut. TP R60 price was down from $
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were comparable. Success in Germany depends on the increase in the sales and service revenue from Monospace. Even if Monospace loses due to sales in the short run‚ their overall profit can increase with the accompanied service. Successful launch will help eat out the share of the ‘other’ service providers as KONE alone knows the know-how of the disc technology lifts. Successful launch will help take in geographical expansion. Otis and Schindler‚ the current market
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International Journal of Business and Social Science Vol. 2 No.10; June 2011 How Democratic Leaders Empower Teachers Job Satisfaction? The Malaysian Case Cheah Lee Abdul Ghani Kanesan Abdullah Aziah Ismail Naser Jamil Alizydeen School of Educational Studies‚ Universiti Sains Malaysia 11800 Penang‚ Malaysia Abstract This study aims to investigate how democratic leaders work to empower teachers job satisfaction. The present follow-up study uses the naturalistic qualitative and exploratory
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COMMERCIAL LAW MODULE 2 TUTORIAL QUESTIONS QUESTION 1 Pete buys a bottle of suntan lotion from his local chemist shop. The lotion which is manufactured by Barnetts Pty Ltd‚ had acid in it‚ which had been added to the mixture by one of the workers in the factory who had failed to read the label on the tin properly. When Pete applied the suntan lotion he suffers third degree burns and has to pay high medical and hospital expenses. Advise Pete whether he has a claim against the manufacturer
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of the Firm The firm’s goal is to maximize profits‚ !. In order to do this it must decide what quantity of a good to produce given costs‚ technology and demand. A competitive firm is assumed to be able to sell as much as it wants at the market price without affecting price. So it takes price as exogenous (beyond it’s control) and does not worry about demand. In addition‚ for our purpose we’ll assume the firm operates efficiently‚ that is‚ whatever the level of production that the firm chooses
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