Tutorial (Week 4) Question 1 Price Qty Demanded (Income = RM4‚000) Qty Demanded (Income= RM5‚000) 5 20 25 8 16 22 11 12 19 14 8 16 17 4 13 a. Use the midpoint method to calculate your price elasticity of demand as the price of T-shirt increases from RM5 to RM8 if (i) Your income RM4‚000 (ii) Your income RM5‚000 b. Calculate your income elasticity of demand as your income rises from RM4‚000 to RM5‚000 if (i) The price is RM14 (ii) The price is RM17 Question 2 Consider public policy aimed at smoking
Premium Supply and demand Price elasticity of demand Kuala Lumpur
|ECON1220 |Principles of Macroeconomics |2012-2013 | |Sections 001-004 |Tutorial Exercise 5 |2nd semester | Short-Answer Questions 1. Suppose you deposit $1‚000 at your bank‚ and the required reserve ratio (r) is 10%. Furthermore‚ assume that banks do not hold any excess reserves‚ and that the public do not hold any cash. Explain the money creation
Premium Monetary policy Central bank Fractional-reserve banking
Part 1 Background Chapter 1 Introduction to Databases 1.1 A database management system provides a number of facilities that will vary from system to system. Describe the type of facilities you might expect‚ especially those that aid the initial implementation of a database and its subsequent administration. Initially‚ the type of facilities expected should be described. These include: data storage and retrieval‚ concurrency control mechanism‚ authorization services‚ integrity mechanisms
Premium Data modeling SQL Relational model
uideline on Selection of Library Management System An efficient computerized library management system will enhance the effectiveness of the library. The system makes the recording of borrowing simple and provides useful information about library use. When assessing different systems cost‚ installation‚ operation and maintenance all need to be considered. Considerations of selecting appropriate library management system 1. System Functionalities The purpose of library system is to facilitate
Free Library
Flash Tutorial 1 1. The toolbar 2. Open flash 3. Choose FILE NEW ActionScript 2.0 (To create a new movie) 4. Locate the tool bar on the right hand side(can be placed anywhere) Experiment with the many different drawing tools there. Have a go at making all different shapes. Use different colors. Try things. Have a go at drawing a yellow goldfish in blue water. (Something like this great picture I have drawn below
Premium OSI model Adobe Flash Data Link Layer
FINANCE: TUTORIAL 2 (Suggested Solutions) 1. Liquidity measures how quickly and easily an asset can be converted to cash without significant loss in value. It’s desirable for firms to have high liquidity so that they can more safely meet short-term creditor demands. However‚ liquidity also has an opportunity cost. Firms generally reap higher returns by investing in illiquid‚ productive assets. It’s up to the firm’s financial management staff to find a reasonable compromise between these opposing
Premium Generally Accepted Accounting Principles Balance sheet Asset
displayed and items can be formatted‚ inserted or deleted as required. TIP Delete is the Getting Started section. When you’re rolling SharePoint out to a user base‚ this is not what you want them to do first. It is going to distract them completely from managing the site properly. SharePoint 2010 Tutorial – Site Pages – Rev 1.0 © Compiled By: Veronique Palmer Last Updated: 21 May 2011 www.letscollaborate.co.za Page 1 of 26 SHAREPOINT 2010 – SITE PAGES b) Select the text and use the
Premium World Wide Web Web page Control key
Android Programming Tutorials by Mark L. Murphy Android Programming Tutorials by Mark L. Murphy Copyright © 2009-2011 CommonsWare‚ LLC. All Rights Reserved. Printed in the United States of America. CommonsWare books may be purchased in printed (bulk) or digital form for educational or business use. For more information‚ contact direct@commonsware.com. Printing History: Mar 2011:Version 3.2 ISBN: 978-0-9816780-4-7 The CommonsWare name and logo‚ “Busy Coder’s Guide”‚ and related trade dress
Premium Android Google Source code
....................................................................3 1.2 Scope of the database ....................................................................................................................................3 2 Entity-Relationship Diagram ..............................................................................................................................4 3 Relational Database Schema ................................................................................
Free Restaurant Menu Relational model
Importance of library in Student life Student life is the time of learning. They need to learn different subjects. At that time a library helps them a lot. A library is a place where a large number of books are stored in many shelves. Libraries are the store-houses or treasure-trove of knowledge. In the absence of a good library in an educational institution‚ education has no meaning. Without library students cannot gain knowledge properly. Hence there is library in every educational institute.
Premium Education Types of educational institutions