Answers of Managerial Economics Homework #2 Chapter 5~Chapter 9 1.Using figure 5.3 as a basis‚ construct a series of four figures to show the effect of an increase in the demand for tanker service on the market price when (a) demand is extremely inelastic‚ (b) demand is extremely elastic‚ (c) supply is extremely inelastic‚ and (d) supply is extremely elastic. Answer: [pic] [pic] [pic] [pic] 2.Industry researchers R.S. Platou predicted
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t No longer is the term ‘Corporate Social Responsibility’ a novel idea amongst businesses. A 2011 sustainability study by MIT showed that sustainability‚ in the US at least‚ now plays a permanent part in 70% of corporate agendas. Organisations such as Unilever haven’t simply been championing sustainable business as a form of corporate philanthropy. Since implementing their Sustainable Living Plan‚ they have increased growth and profits. Quite simply‚ doing good is good for business. How have Unilever
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1. 1.Economic fluctuations are irregular and unpredictable 2. Most macroeconomic quantities fluctuate together 3. As output falls‚ unemployment rises. 2. Most economists use the model of aggregate demand and aggregate supply to study fluctuations. 3. Classical economics relates to Classical Dichotomy which is the separation of variables into two groups. The two groups are real which correlate to quantities‚ relative prices and nominal which is measured in terms of money
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首先，成為政務主任是我的夢想職業。經過十二年的免費教育及享受政府的福利，成為公務員是我回饋社會的最佳辦法，我亦視貢獻社會為抱負。 我對服務社會的熱誠由爸爸的工作開始。他是一個服務社會三十多年的警務人員，從孩提開始我已十分敬佩他打擊罪案及維持治安的工作。見證他對社會的貢獻，我希望從政策方面，改變社會。正正因為政策對社會民生有重大影響，我更期盼能用自己的力量令香港更美好。 透過此實習計劃，我希望體驗政務主任的工作，亦會嘗試探討各種社會現象及問題，例如貧富懸殊、房屋問題及政制改變。平衡不同持分者的利益，我希望提出可行的解決辦法。 在工作中，我期望自己能同時學習及付出。透過應用對時事的知識，我希望從政策制訂者的角度分析，明白他們面對的困難，同時協助政務官的工作。 To begin with‚ starting my career as an Administrative Officer has long been my aspired career path. I consider working in the government as a way of contributing
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A production possibilities frontier (PPF) is a curve showing the maximum attainable combinations of two products that may be produced with available resources and current technology. At which point is the country’s future growth rate likely to be the highest? Briefly explain why. Point W (top) because it is where the most resources are used to produce capital goods. What happens if a country produces a combination of goods that efficiently uses all of the resources available in the economy? The
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answer myself a question if I was going to go through the plan of attending Sacramento State University. I was scared‚ If I didn’t go were my parents going to be disappointed‚ If i did go was I going to lose my bestfriend ‚ If I didn’t go who was going to walk out my life‚ If I didn’t go was I a failure‚ If i didn’t go would it be the best for me‚ so many if questions. That crucial night that I decided Sacramento State wasn’t my way‚ made me feel lost. How was I going to reverse all the plans we had made
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I drifted for a while but finally found myself on the opposite coast‚ three time zones‚ and eight states away. There I work as a waitress and took some college course at Washington State University. And there I met Oliver. Wonderful‚ intelligent‚ handsome‚ Oliver. He loved Third Day‚ Skillet‚ Matchbox Twenty‚ and me. In the fall of my first year at Washington State‚ I studied a lot in the library. It was quiet and they had the poetry books that I needed for literature. The day before a test I went
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I want to be awarded this scholarship because of my passion for learning and my drive to change the world. Currently‚ I attend Colorado State University and I will be entering my sophomore year. At Colorado State University I major in International Studies with a minor in Political Science. As such‚ I have a focus on the Middle East North Africa region and my goal by the time I graduate is to be fluent in Arabic. I want to learn Arabic because I believe learning languages is a way of creating tolerance
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Partial Answer Key Supply and Demand 1. Use the model of supply and demand to explain how a fall in the price of frozen yogurt would affect the price of ice cream and the quantity of ice cream sold. In your explanation‚ identify the endogenous and exogenous variables. Considering that ice cream is a close substitute for frozen yogurt‚ we would expect an inward shift of the demand curve for ice cream‚ lowering both the price and quantity of ice cream. The price of frozen yogurt is the
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Acct 2302 Chapter 9 Sample Exam Questions Exercise 184 Coliseum Company has budgeted the following unit sales: Quarter Units Qtr. 1‚ 2006 60‚000 Qtr. 2‚ 2006 50‚000 Qtr. 3‚ 2006 40‚000 Qtr. 4‚ 2006 80‚000 The finished goods inventory on hand on December 31‚ 2005 was 6‚000 units. It is the company’s policy to maintain a finished goods inventory at the end of each quarter equal to 10% of the next quarter’s anticipated sales. Instructions Prepare a production budget for the
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