hybrid car. The Volkswagen Group show its first hybrid in 2011. Volkswagen is one of the few major car makers that doesn’t already have a hybrid on the road. It will be a new market. Volkswagen Group also come out with all-electric Audi sports car‚ the E-Tron‚ in 2012. Example‚ that is a comparison between Honda Jazz vs Volkswagen Up‚ the price is almost the same ‚value start from $14‚990‚ two also hybrid car ‚if one of the car raise up the price the another car will also raise up the price‚ that
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3. Consider the market for minivans. For each of the events listed here‚ identify which of the determinants of demand or supply are affected‚ also indicate whether demand or supply increases or decreases. Then draw the diagram to show the effect on the past and quantity of minivans A. People decide to have more children. Answer: It is expected to have more children‚ and household spending will increase‚ demand will reduce household wagon. From the supply point of view‚ due to population increases
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Microeconomics Homework Problem 1: C(Q) = 100 + 20Q + 15Q^2 + 10Q^3 a) Fixed Cost (doesn’t change depending on output produced) = 100 b) Variable Cost of producing Q = 10 units: 20*10 + 15*10^2 + 10*10^3 = 200 + 1‚500 + 10‚000 = 11‚700 c) Total Cost of producing Q = 10 units: C(10) = 100 + 20*10 + 15*10^2 + 10*10^3 = 11‚800 Alternatively‚ we have Total Costs of Producing Q=10 units = Fixed Costs + Variable Costs of producing Q = 10 units = 100 + 11‚700 = 11‚800 d)
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The notion of “fairness” is often the justification given for the government intervention in the market. Do you agree or disagree. 1.0 Introduction Fairness in the market can be defined as the equally distribution in the proportion of economic pie to every party. In the past‚ the economic prosperity is not uniformly allocated among the members of society. The wealthier will have a larger proportion of the economic pie whereas the poorer parties will only occupy a smaller part of the economic
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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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THE IMPORTANCE OF MICROECONOMICS 1. New Businesses o Entrepreneurs create businesses by purchasing and utilizing factors of production. In order to estimate the potential return on investment (ROI) of those factors of production‚ entrepreneurs must have a basic grasp of microeconomic concepts: supply‚ demand‚ cost‚ profit. Without such a grasp‚ it is impossible to know how much a particular good can be sold for in a particular area. Furthermore‚ without a grasp of costs and earnings
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Beatrice has the utility function U(x ‚y)= min{x ‚y}. The price of x used to be 3‚ but rose to 4. The price of y remained at 1. Her income is 12. The price increase was as bad for her as a loss of $3 in income. 6. Just as in the theory of utility maximizing consumers‚ the theory of profit maximizing firms allows the possibility of "Giffen factors". These are factors for which a fall in price leads to a fall in demand. 7. If there are increasing returns to scale‚ then average costs are a decreasing function
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In this report I will be talking to you about a type of mood disorder known as bipolar mania. Sometimes given the circumstance’s the bipolar disorder can elevate from basic to excessive or extreme and hostile level‚ like bipolar type 2. Bipolar mania type 2 occurs when a person’s mood fluctuates between depression and anger irritability. As you read on I will explain and document symptoms of this disorder. I will diagnose Adam Saddlers character Happy Gilmore‚ as well as how it affected his everyday
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Maximum four per group‚ all students must be registered in the same section of the same course. Names must be in alphabetical order on the cover page. • Graded work will be available for pick-up beginning on the afternoon of Friday March 14 in the Econ Distribution Center‚ Dunning Hall Room 334. You will require your student card. • This assignment covers material from Chapters 20-24 of the text. True‚ False‚ or Uncertain [48 marks - 6 marks each] Explain why each of the following
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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 of 9.125% Note. C = Additional borrowing on 7.5% Note. D = Borrowing on 9% Note E = Borrowing on Medium-Term Notes. F = Borrowing on 8.875% Debentures G = Repayment of Other Notes H = Reclassification of
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