debt. (10 marks) Note: You need to demonstrate a detailed knowledge of the construction and use of the 45degree diagram and any other economic analysis you use. You must make it clear that you have a complete understanding of the macroeconomic principles that underlie the model and concepts. Explain what assumptions you are making. Above all‚ explain the economics of what you are describing. It will be very difficult to obtain a passing mark for this assignment if you do not provide a complete explanation
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Tutorial 1 BME1014 Trimester 1 2013/2014 Q1 Briefly discuss each of the following economic ideas: People are rational. People respond to incentive. Optimal decisions are made at the margin. Q2 Indicate whether each of the following statements applies to microeconomics or macroeconomics issue. a) Proton plans to spend RM800 million on a new automobile plant. b) The nation’s economy grew at an annual rate of 3.7 percent in the final quarter of the year. c) The trade
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Questions to idenfy a busines’s >> Business Profile: Major activities How is the business structured Types of products / services it provides Brief profile of the owner Previous experiences / qualifications Reasons for starting this business Personality traits / skills / competencies (Appendix 1) How does the owner believe he can successfully run the business What goals has he set for the business / time frame Outlining the short term goals for the business. Outlining
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The Power of Markets: Who feeds Paris? Two basic assumptions that economists make about individual and firms are that all individuals act in a way to make themselves as well- off as possible. For example‚ individuals make the best use of their utility and skill‚ so they can earn more money. The second assumption is that firms always try to maximize the money they earn. For example‚ if an entrepreneur had two business choices that he could make‚ he would pick the business choice that he thinks
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Naked Juice What are the attributes and benefits of your product/service? How do they relate to your target market? BUSI-520 What are the attributes and benefits of your product/service? How do they relate to your target market? When presenting the organic juices to consumers‚ Naked Juice truly understand how to use the benefit-based segmentation to distinguish the needs and benefits of its consumers. It is essential for a company to
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Chapter 1 Susan has a part-time "cottage industry" producing seasonal plywood yard ornaments for resale at local craft fairs and bazaars. She currently works 8 hours per day to produce 16 ornaments. a. What is her productivity? b. She thinks that by redesigning the ornaments and switching from use of a wood glue to a hot-glue gun she can increase her total production to 20 ornaments per day. What is her new productivity? c. What is her percentage increase in productivity? a. 16 ornaments/8
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Feedback 5 – Labour Market‚ Exchange Rate Market & Financial Market 1) Mary Sue is the newly appointed CEO of a company that manufactures CD drives on an assembly line. Her staff has told her that the output the firm produces‚ given the number of workers employed‚ indicates that some workers may be shirking. According to efficiency wage theory‚ what should she do? a) Pay all workers more than the equilibrium wage rate b) Pay all workers below the equilibrium wage rate to make up for the
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1. Identify the real and/or financial assets that are involved in the following activities. (a) Toyota takes out a bank loan to finance the construction of a new factory; A: The bank loan is financial and the new factory is real. (b) Toyota pays of its loan; A: The loan is financial. (c) Toyota uses $10 million of cash on hand to purchase additional inventory of spare auto parts. A: Cash is financial and auto parts are real. Note that cash is generally considered to be a financial asset. Like
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IT Essentials – Hand Out Introduction to Basic Computer What is a system? System is a combination of components working together. What is a computer system? Computer System is a group of elements performing together to process data. What is a computer? Computer is a programmable electronic device that can store‚ retrieve and process data. Three Components of a Computer 1. Hardware refers to the physical components of the computer system. 2. Software is a computer program. 3. Peopleware
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Are naked eggs with no shell? What? You may think I am speaking about a hard boiled egg‚ but‚ no. Boiled eggs have their centers heated making the shell easily come off. Naked eggs have their shells taken off with one simple ingredient everyone has. Vinegar. The vinegar acid inside the vinegar strips the shell away from the egg. The vinegar solutions dissolves the shell from the egg. Once the egg has been separated form it’s shell the only thing keeping the liquid goo inside is the thin‚ flexible
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