HBE613 ECONOMICS Higher Education Division Microeconomics Test Term 1‚ 2013 12.5% of Total Unit Marks (to be marked out of 20) Time Allowed: 1 hour Name: ______________________________________ Student ID: ______________________________________ Swinburne University of Technology‚ Sarawak Campus Short Answer Questions There are 4 questions in this section. Each question is worth 10 marks. ANSWER ANY TWO QUESTIONS (2x10=20 marks) Question 1 (2+4+2+2
Premium Economics Supply and demand Microeconomics
You know‚ I read in a book once that women desire attention. Even the Devil knew that and so he chose to go to naked Eve to tempt her‚ since he had just one chance. He knew if He had gone to naked Adam‚ we would still be in the garden and Adam would still be the only one who has tasted the forbidden fruit. Perhaps‚ Naked Eve would notice herself with the amazing figures God had given to her and it was impossible for Adam to notice when his eyes where not yet opened. She opened his eyes... so he could
Premium Love Adam and Eve Garden of Eden
Assignment Questions (Semester 1‚ 2012) Microeconomics – Worth 20% of total assessment: Answer all five (5) of the following questions. Each question is worth 10 marks. Question 1: Explain and illustrate with diagrams the differences between diminishing marginal returns and decreasing economies of scale and cite causes and examples. (10 marks – 2.5 marks diagrams‚ 2.5 marks for explanation‚ 5 marks for causes / examples) Question 2
Premium Economics
Quiz #1 BSAD131 Fall 2013 1. Businesses differ from nonprofit organizations in that a business’s focus is on A. Price B. Plans C. Goods D. Profit E. Organization 2. What is the primary lesson to be learned from the economic scandals of the early 21st century? A. Businesses’ reputations depend on their profits B. Public confidence in corporate America depends on companies’ bottom lines C. Most businesses can focus on their bottoms lines to the exclusion of other factors
Premium Business ethics Ethics Management
Question 1 Being a price taker in a market means that the seller Answer | | charges each consumer the maximum that she will be able to pay for the product. | | | has no choice but to charge the equilibrium price that results from the market supply and demand curves. | | | takes her price from her average total cost curve. | | | sells her products at different prices to different customers. | 1 points Question 2 For a certain firm‚ the 100th unit of output that
Premium
The Three Basic Economic Questions 1. What to Produce? what items to produce and how much of each item to produce using its productive inputs in the most efficient manner. 2. How to Produce? one the decision has been made regarding what to produce. each country must choose which resources productive inputs will be used and in what combinations 3. For Whom to Produce? should the productive outputs be distributed based on social customs‚ personal wealth and ownership‚ or mandated by the government
Premium Economic system Planned economy Capitalism
Some review questions for Lecture 4‚ 5 and 6 4.1 When and in which areas MAY local officials overstate or understate the economic growth rates? Briefly explain. 4.2 Indicate FOUR economic measures which are supplementary to and more reliable than the GDP data. 4.3 Between 1952 and 1978‚ the average annual growth rates of GDP and population were 6.0% and 1.9% respectively. Then how to calculate the average annual growth rate of GDP per capita? 4.4 China’s GDP measured at current or official exchange
Premium Economics Economic growth Gross domestic product
These are Discussion questions for Business Economics 150 ward count for each question 1. For many years (actually centuries)‚ the dominant Christian church of the world forbade anyone to print a copy of the Bible in any language other than Latin. After the invention of the printing press‚ several people printed the Bible in languages other than Latin (including German and English) without permission. Some of those people were convicted and executed. Is this a warning to those who fear that others
Free Monetary policy Inflation Central bank
eco NITIE‚ MUMBAI 400 087 I MODULE ENDING EXAMINATION PGDIM XIth BATCH EC01 BUSINESS ECONOMICS Date: 23 September 2004 Time: 9.30 am to 12.30 am Maximum marks: 60 Instructions: Attempt any three questions out of four. All questions carry equal marks. Start each answer on a fresh page. Parts of the question must be answered together. Use appropriate tables‚ diagrams‚ equations to support your answers. Assume suitable assumption wherever necessary. Q 1(a) Mrs. Palekar has Rs 1
Premium Costs Supply and demand Marginal cost
However‚ an extensive analysis about Naked Lunch reveals that the novels deals with important issues ; the novel shows is how drug addicts go through challenges as they try to seek money that allows them to get a quick fix. In addition‚ the author shows how tough it is to be an addict because you do things that normal people would not find themselves doing. Another issue brought in the novel is the fact that all addict would want to get out of the desire to be an addict however‚ it is not a habit
Premium Crime Police Drug addiction