Part 1 : Demand For Goods and Services Definition of demand Classification of Goods and Services Law of demand Factors That Influence Demand (Determinants of demand) Definition of demand One of the definition of demand is known as the desire to buy goods and services with the ability to pay at a given time period. Classification of Goods and Services From conventional Economic Perspective: i) Free goods – zero production cost. i.e. rain water and air ii) Public
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CHAPTER 1 INTRODUCTION 1.1 DISCIPLINE OF ECONOMICS THEORY There are two different categories concerning economic behavior‚ the micro economics and macro economics. Micro economics The study of economic behavior of individual making units such as producer‚ consumer‚ household‚ and firms. Macro economics The study of economic system as a whole or on the basis of aggregate such as consumer price index‚ inflation rate‚ national income and unemployment level. 1.2 DEFINITION OF ECONOMICS
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EXERCISES Exercise 3-1 (20 minutes) a. Long-term debt [46] A 13.99 B 9.125 G -9.7 H 805.8 beg 7.5 C 9.0 D -0.17 E 8.875 F 14.8 I 772.6 end A = Retirement of 13.99% Zero Coupon Notes. B = Repayment
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I True or false.（2points*10） 1. If Good 1 is on the horizontal axis and Good 2 is on the vertical axis‚ then an increase in the price of Good 1 will not change the horizontal intercept of the budget line. 2. Henrietta’s utility function is U(x1‚ x2) = x1x2. She has diminishing marginal rate of substitution between goods 1 and 2. 3. Other things being equal‚ a lump sum tax is at least as good for a consumer as a sales tax that collects the same revenue from him. 4. Sharon spends all of her income
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TASK A Ai) Describe in tour own words what is meant by the following types of abuse: Physical abuse > is anything done that harms someone physically‚ done with the intention to do harm. Sexual abuse means sexually exploiting or humiliating others. Emotional / psychological abuse is doing or saying things that demean and make someone feel less of themselves. This includes bulling‚ blaming‚ threatening and damaging other’s feelings of self-esteem. Financial abuse involves taking others property
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Econ 204 Name Institution Date Question 1 Avatar: 218.1× 760.50/214.5 = 773.26 Titanic: 218.1 × 600.8/160.5 = 816.41 Star Wars: 218.1 × 461/60.5 = 1661.89 Shrek 2: 218.1 × 437.2/188.9 = 504.78 E.T The Extra-Terrestrial: 218.1 × 399.9/96.5 = 903.82 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |Movies |Nominal Box Office |Year Released
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3rd Edition‚ June 2005 Eric Doviak Principles of Microeconomics on the Lecture Notes Preface Microeconomics is the study of the behavior of individual households‚ firms and industries as well as the supply and demand relationships between producers and consumers. You might think of a household as a consumer‚ but households are also producers. For example‚ take a look at your kitchen: you take raw materials (meat‚ cheese‚ vegetables‚ eggs‚ salt and pepper) as well as capital
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Physical Abuse - Physical injuries which have no satisfactory explanation or where there is a definite knowledge‚ or a reasonable suspicion that the injury was inflicted with intent‚ or through lack of care‚ by the person having custody‚ charge or care of that person‚ including hitting‚ slapping‚ pushing‚ misuse of or lack of medication‚ restraint‚ or inappropriate sanctions. Sexual abuse - Sexual acts which might be abusive include non-contact abuse such as looking‚ pornographic photography‚ indecent
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-1- What kinds of applications are described here? What business functions do they support? How do they improve operational efficiency and decision making? New software applications for social networking and sales force management (CRM) make these devices even more versatile business tools‚ Mobile handheld for business and smart Phone ... 2- Identify the problems that businesses in this case study solved by using mobile digital devices? Mobile workforce of 60 independent physicians treating
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must meet two basic concepts of economics these are Microeconomics and Macroeconomics and to get to know these concepts is necessary to know which is the economy and economics is the science that studies human behavior and trade ‚ sales tax‚ receipt of wages‚ credit‚ is the science of the usual business of the above are some definitions that can be found in the economy as such. In this research we can differentiate macroeconomics microeconomics its relationship to the economy to serve both‚ we can
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