is at max point Managers take production right up to the point where TC=TR; if they can [2] Oligopolies can benefit most from going past the profit maximising output because it gives them a market share advantage over their competition. The economic climate can affect managers’ ability to deploy this tactic. If a recession is on the cards then shareholders will be anxious and keeping them and profits high will be a priority to which managers must abide to keep their position. The Downsides:
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- Financial flows Deregulation of financial markets (less rules and regulations in currency markets and foreign investment) led to a rapid increase in FDI and portfolio investment. Investment makes economies more integrated as economic changes in one country influence others (CONTAGION e.g. negative effects such as the GFC and the EDC or positive effects such as new technology and booming economies). The main benefits are that it enables countries to finance their domestic economy even if domestic
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__ 1. Economics may best be defined as the: A. interaction between macro and micro considerations. B. social science concerned with how individuals‚ institutions‚ and society make optimal choices under conditions of scarcity. C. empirical testing of value judgments through the use of logic. D. use of policy to refute facts and hypotheses. 2. The scarcity problem: A. persists only because countries have failed to achieve continuous full employment. B. persists because economic wants exceed
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recipies when cooking the thick butter garlic mashed potatoes‚ homemade sweet red cranberry sauce‚ and the rich creamy dark gravy. On the other hand‚ my mom and I always cook the french green beans‚ sausage and bread stuffing‚ and also our homemade pumpkin pie together. While the women spend most of the early afternoon in the kitchen getting things ready‚ the men normally gather in the living room and watch sports or play a board game on the coffee table. It is a rule in our house that no man is allowed
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avoid the subject I helped set up chairs and tables and arrange the food in a way that would save the most room. After every one arrived we lined up to get the food and chowed down on our food. It wasn’t really eventful so we moved on to my favorite; pumpkin pie. Ryan really likes whipped cream on his pie so he goes and gets the cream‚ and then BAM! Leighton (my granddaughter) jumps up so fast and climbs over the counter like a ninja to stop Ryan from getting the whipped cream. So we eat our pie and we
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Squashes generally refer to four species of the genus Cucurbita‚ some varieties of which are also called pumpkins‚ zucchini‚ courgettes andmarrows (the last two mainly in British English). These species include C. maxima (hubbard squash‚ buttercup squash‚ some varieties of prize pumpkins‚ such as Big Max)‚ C. mixta (cushaw squash)‚ C. moschata (butternut squash)‚ and C. pepo (most pumpkins‚ acorn squash‚ summer squash‚ zucchini).[1] In North America‚ squash is loosely grouped into summer squash or winter
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Economics 201A: Economic Theory (first half ) Tu-Th 12:30–2:00 150 GSPP 1 Description Economics 201A is the first semester of the required microeconomic theory sequence for first-year Ph.D. students in the economics department. The first half of the fall semester focuses on choice theory‚ consumer theory‚ and social choice. The second half will be taught by Chris Shannon and will cover general equilibrium. (A separate syllabus will be distributed for the second half.) In the spring‚ the
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- 3 - N05/3/ECONO/HP1/ENG/TZ0/XX/M Paper Specific Markscheme In addition to the assessment criteria use the paper-specific markscheme below. Award up to the maximum marks as indicated. Examiners should be aware that candidates may take a different approach‚ which if appropriate should be fully rewarded. 1. (a) Explain the differences between monopolistic competition and oligopoly as market structures. [10 marks] • large number of firms (m.c) versus a few dominant firms (oligopoly) • differentiated
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BEC 1034 MICROECONOMICS TUTORIAL 1 (Chapter 1: Ten Principles of Economics) 1. The phenomenon of scarcity stems from the fact that a. most economies’ production methods are not very good. b. in most economies‚ wealthy people consume disproportionate quantities of goods and services. c. governments restricts production of too many goods and services. d. resources are limited. 2. "There is no such thing as a free lunch‚" is used to illustrate the principle that a. goods are scarce. b. people face
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“Pumpkin Carving" General Purpose: To inform Specific Purpose: To inform my audience on the best way to carve a pumpkin Central Idea: The sequence of steps used in order to carve a great pumpkin INTRODUCTION A. | The need for a great holiday decoration | B. | Very inexpensive project that is fun for the whole family | C. | The best part is the pumpkin is edible so the insides can be usedAs a child one of my favorite memories during Halloween was having a pumpkin carving
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