SHORT ANSWER PROBLEMS 1. Consider the following demand and supply functions: Qd = 1‚600 – 125P Qs = 440 + 165P (a) Calculate the equilibrium price and quantity that will prevail under a completely free market. (b) Calculate the price elasticity of supply and demand at the equilibrium values. 2. Suppose the demand curve for a product is given by Q = 10 – 2P + Ps ‚ where P is the price of the product and Ps is the price of substitute good. The price of the substitute good is $2
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TUTORIAL1 WITH INFORMATION TO SOLUTIONS 1. For most products‚ higher prices result in a decreased demand‚ whereas lower prices result in an increased demand. Let d = annual demand for a product in units p = price per unit Assume that firm accepts the following price-demand relationship as being realistic: d = 800 – 10p where p must be between $ 20 and $70. a. How many units can the firm sell at the $ 20 per-unit price? At the $ 70 per-unit price?
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Notes: Environmental Decision-Making – Exploring Complexity and Context – Ronnie Harding‚ Carolyn MHendriks‚ Mehreen Faruqi – The Federation Press – 2009 Chapters 1‚ 3‚ 7‚ 8 Page 237 Fig 9.2 Chapter 1 – Environmental Decision-making in a complex world * Layers of complexity associated with contemporary environmental dilemmas- contemporary Environmental Decision-Making (EDM) * Issues under consideration are complex & involve a host of moral & economic factors * EDM not only encompasses
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University of Newcastle ECON1001 – Microeconomics for Business Decisions TUTORIAL REVISION EXERCISES Set 1 Working independently‚ you should prepare written answers to hand in for the questions marked with #. Answers should by Typed. Answers to the submitted weekly set of revision questions should not exceed 300 words in total. (This excludes diagrams and tables.) Answers must be submitted to the tutor at the beginning of the tutorial. Answers to the other questions should also be attempted with notes
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Muscle Contraction Tutorial/Review 1. Hydrolysis is the decomposition of a substance by the insertion of water molecules between certain of its bonds. The third phosphate is removed by hydrolysis and free energy is released. ADPneedds to have another phosphate molecule in order to become ATP and this happens through hydrolysis. This ATP can be used in the muscle contraction and relaxation. 2. When one flexes his/her arm‚ the muscle on top is the bicep. The origin of the bicep is at the tubercule
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HTML Goodies http://www.htmlgoodies.com/tutorials/getting_started/article.php/3863271/How-To-Build-a-Website-HTML-CSS-and-HTML-Editors.htm Contains tips‚ guides‚ references and tutorials for new and experienced website developers W3Schools.Com http://www.w3schools.com/ Web developer information with tutorials and references for topics such as HTML‚ CSS‚ and JavaScript Lifehacker http://lifehacker.com/5790955/how-to-make-a-web-site-the-complete-guide A step by step guide to making a website
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Chapter 7 Modeling System Requirements with Use Cases McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies‚ Inc. All rights reserved. Objectives • Describe the benefits of use-case modeling. • Define actors and use cases and be able to identify them from context diagrams and other sources. • Describe the relationships that can appear on a usecase model diagram. • Describe the steps for preparing a use-case model. • Describe how to construct a use-case model diagram. • Describe
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INVITED PAPER Modeling and Simulation of Electric and Hybrid Vehicles Tools that can model embedded software as well as components‚ and can automate the details of electric and hybrid vehicle design‚ need to be developed. By David Wenzhong Gao‚ Senior Member IEEE‚ Chris Mi‚ Senior Member IEEE‚ and Ali Emadi‚ Senior Member IEEE ABSTRACT | This paper discusses the need for modeling and simulation of electric and hybrid vehicles. Different modeling methods such as physics-based Resistive
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ABDT3214 International Marketing Week 2 Tutorial 1: Introduction to Global Marketing SECTION A: Coursework Briefing SECTION B: Discussion Questions 1. What are the basic goals of marketing? Are these goals relevant to global marketing? Marketing activities represent an organization’s efforts to satisfy customer wants and needs by offering products and services that create value. These goals are relevant in virtually every part of the world; however‚ when an organization pursues market opportunities
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B399 Management Policy and Strategy Tutorial 3 Kent Ip OUHK Course Overview Part 3 of Textbook Corporate Strategies (Chapter 6 – 11) Chapter 6 Vertical Integration Chapter 7 Corporate Diversification Chapter 8 Organizing to Implement Corporate Diversification Chapter 6 Vertical Integration 6.1 What is Corporate Strategy? Corporate Strategy is a firm’s theory of how to gain competitive advantage by operating in several businesses simultaneously 6.2 What is Vertical Integration? (P.182) A
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