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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Skyy Vodka and the Battle of the Sexes Skyy Vodka has consistently been perhaps the most sexually suggestive advertiser of its genre. Its ads typically contain a thin‚ young‚ and beautiful woman in tight clothing with some sort of sexual power over her enticed male counterpart. The ads are not shy to appeal to sex and often promote the sexual benefits of drinking Skyy Vodka. While the advertisement for Skyy Vodka titled “The Antagonist” seen in People magazine’s May 7‚ 2007 issue
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Milano 2010 Table of Contents: Friends Friends is an American sitcom created by David Crane and Marta Kauffman and produced by Bright/Kauffman/Crane Productions‚ in association with Warner Bros. Television. In 1993 David Crane and Marta Kauffman initially named friends as Insomnia Café. They presented the project to Bright‚ and together they purposed it to NBC‚ which is a commercial TV broadcaster‚ this means that this broadcaster is financed by advertisers. Regarding the
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A Semiotic Analysis of Four Designer Clothing Advertisements "The technique of advertising is to correlate feelings‚ moods or attributes to tangible objets‚ linking possible unattainable things with those that are attainable‚ and thus reassuring us that the former are within reach". (Williamson 1978:31). Hence the advertisement not only sells the reader the product‚ but also a future image of ourselves as more desirable‚ happier etc…. Through the process of being advertised a product becomes a representation
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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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MNG3701/201/2015 Tutorial Letter 201/1/2015 Strategic Planning MNG3701 Semester module Department of Business Management IMPORTANT INFORMATION This tutorial letter contains important information about your module. CONTENTS Page 1 INTRODUCTION .......................................................................................................................... 3 2 FEEDBACK ON ASSIGNMENT 01 .............................................................................................. 3
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